Explorer
A masterclass by Ray Blake.

Anti-Financial Crime Bootcamp

Learn from the best in a live and interactive setting.

Next Bootcamp
26
-
27
October
2024
8 AM BST / 12.30 IST / 5 PM AEST
Register Now
Skill level required
24 months in AFC
Delivery
Online
Duration
4 Hours x 2 days
Certificate
Yes
Prerequisites
Curiosity
bootcamp highlights

a. You will learn about all aspects of anti-money laundering, counter-terrorism financing and sanctions

b. the Risk Based Approach including the approach to conducting risk assessments.

c.Due Diligence (to achieve KYC outcomes), Enhanced Due Diligence including PEPs, Beneficial Ownership, Source of Wealth, Source of Funds, Complex entity types like trusts, foundations and Ongoing Due Diligence

About the Program

The Oxford dictionary explains the bootcamp as "a short, intensive and rigorous course of training" and that is what you should expect.The AFC Bootcamp is designed by anti-financial crime leaders who have spent decades in the field and we have carefully included all of the topics we know are relevant for you to be an effective and successful in your role.

Is the AFC bootcamp right for me? That is entirely dependent on your assessment of your knowledge, skills needed to excel in your current role and what, you believe, is needed to be successful in your role or when you step up.

We recommend you invest in the AFC Bootcamp because no matter how junior or senior you are, this is an opportunity to test your knowledge, learn from other members of the industry and also contribute your knowledge. No two bootcamps are the same and your participation contributes to our collective efforts to save lives and livelihoods.

AFC Bootcamp, what’s different?

As with all bootcamps, no two bootcamps are the same as you get what you are willing to put into it and all participants contribute to the experience e.g., when you have your camera switched on and asks lots of questions that helps for a better interaction.

Participants have consistently rated our bootcamps a 4.8 (out of 5) and we are confident you will walk away  more confident in your ability to help fight financial crime.  

See the modules
An opportunity to challenge yourself and learn from the best

What will the bootcamp cover?

Module
1
Crime and Financial Crime

This is an introduction into the world of crime and financial crime. We look at

1.What is Crime?

2.The cost of financial crime

3.Modern slavery and human trafficking

4.How human trafficking is used to commit crimes like pig butchering

5.We present our first case study that brings it all together

Module
2
The Dirty Money Problem

1.We look at why criminals need to launder money

2.We explain what is a predicate crime

3.We explore money laundering and anti-money laundering

Module
3
Trade Craft - How criminals commit financial crime

1.We look at the different tricks of the money laundering trade

2.Money launderers use several ways to launder money and we look some of the common techniques

3.Case study.

Module
4
Terrorism and Proliferation Financing

We explain what terrorism and proliferation financing is, trade craft used to fund terrorism and the difference between money laundering and terrorism financing.

Module
5
Sanctions Compliance

This is an introduction into the complex world of all things sanctions. We look at

1.What are sanctions?

2.Sanctions tradecraft

3.Advanced sanctions tradecraft

Module
6
A risk based approach to fighting financial crime

The only practical way to fight financial crime is to take a risk based approach and developing a core understanding of and appreciation for the risk based approach is critical to develop an effective anti-financial crime program. We get into the details of what this means, look at real life examples to help you understand and appreciate the risk based approach.

Module
7
Who is responsible for fighting financial crime?

1.We explore the concept of 'diffusion of responsibility'

2.We explore the question of who is responsible for Fighting Financial Crime?

3.We look at the various Inter-Governmental Agencies, Governments, Regulators, Law Enforcement, Courts, and Reporting Entities

4.We explain how AML regulations became a priority on the global political agenda

5. We explain the role of Financial Intelligence Units (FIUs).

Module
8
What are the fundamentals of anti-financial crime risk assessment?

We explain

1.Business Risk Assessment

2.The key pillars of Risk Rating

3.Client Risk Rating

4.Country Risk Assessment

5.Product Risk Assessment

6.Industry Risk Assessment

Module
9
Implementing the Risk Based Approach

1. We explain why a risk based approach is critical to achieve effectiveness in the fight against financial crime

2. We explore the risks of the Risk-Based approach

3.We explain the three lines of defence and their role in mitigating financial crime risk

4.Case study

Module
10
Controls to fight financial crime

1.We explore the controls businesses must implement to fight financial crime including client due diligence(CDD)

2.Enhanced Due Diligence (EDD) including the triggers that may trigger EDD

3.Ongoing Due Diligence.

Module
11
Client Due Diligence

This module is a deep dive on Client Due Diligence (CDD) and we will cover the process including document collection, purpose behind document collection, requirements for corporations and other entities. Document verification, periodic reviews and remediation.

Module
12
Source of Funds and Source of Wealth

1.Source of Funds

2.Source of Wealth

3.The difference between Source of Funds Vs Source of Wealth

4.An exercise to confirm your understanding of this critical topic.

Module
13
Politically Exposed Persons (PEPs)

Having robust controls in place to identify and mitigate PEP(Politically Exposed Persons) risks is critical so we start with the question of

1.Who is a PEP?

2.Exercise: Identifying PEPs

3.Categories​ of PEPs

4.PEP Retirement

Module
14
What is beneficial ownership?

1.Beneficial ownership. This is a complex topic and something that even seasoned due diligence professionals get wrong. We explore, what is beneficial ownership?

2.Types of control

3.We work through a case to show how to conduct a Beneficial Ownership drill down (Simple and Complex Structure)

4.We explain what significant Influence and control in organisations mean.

Module
15
Understanding Complex Entities - Trusts and Foundations

1.Trusts - What are trusts

2. Foundations

3.Dramatis Personae (Key Players in Trusts)

4.Identifying Ultimate Beneficial Owners (UBOs)

5.Sources of Wealth in Trusts

6.Types of Interest

7.Differences between Trusts and Foundations

8.CDD for Trusts & Foundations

9.Beneficial Ownership Rules

10.Practical Trust & Foundation CDD Issues.

Module
16
Transaction Monitoring and Screening

Nothing trips up businesses like ongoing due diligence especially transaction monitoring and screening so we cover.

1.Transaction monitoring: We explore identifying typical transactional red flags

2.Transactional red flags for terrorism including insights

3.We then bring it all together by presenting a case study that demonstrates the power of transaction monitoring to save lives

4.Screening: We cover screening for Sanctions, PEPs, Adverse Media, and Payments

5.We explain fuzzy logic, the process and Adverse Media Screening.

Module
17
Suspicious Matter Reports and Tipping Off

One of the most important goals of an effective anti-financial crime program is to detect and report suspicions. Although it is called by many names, a good suspicious activity report (SAR) can go a long way towards stopping criminals, saving lives and livelihoods. We explain

1.The process

2.What constitutes a good SAR

3.Legal obligations

4.The risk of tipping off

5.The regulatory expectations about tipping off.

Module
18
The Money Laundering Reporting Officer (MLRO)

The MLRO has ultimate accountability, authority and responsibility to ensure their business has an effective anti-financial crime program. We explain

1.The role of an MLRO

2.What happens when a suspicion is flagged and questions for an MLRO considers

3.We also look at the role of the Financial Intelligence Unit (FIU)

4.What happens when the FIU receive a SAR or SMR

Module
19
Case Study - The Big blast: Impact and insights

We present a case study that brings it all together. This is a real life investigation that Ray was involved in and brings together everything you learn at the bootcamp and helps you connect the dots.

Module
1
Crime and Financial Crime

This is an introduction into the world of crime and financial crime. We look at

1.What is Crime?

2.The cost of financial crime

3.Modern slavery and human trafficking

4.How human trafficking is used to commit crimes like pig butchering

5.We present our first case study that brings it all together

Module
2
The Dirty Money Problem

1.We look at why criminals need to launder money

2.We explain what is a predicate crime

3.We explore money laundering and anti-money laundering

Module
3
Trade Craft - How criminals commit financial crime

1.We look at the different tricks of the money laundering trade

2.Money launderers use several ways to launder money and we look some of the common techniques

3.Case study.

Module
4
Terrorism and Proliferation Financing

We explain what terrorism and proliferation financing is, trade craft used to fund terrorism and the difference between money laundering and terrorism financing.

Module
5
Sanctions Compliance

This is an introduction into the complex world of all things sanctions. We look at

1.What are sanctions?

2.Sanctions tradecraft

3.Advanced sanctions tradecraft

Module
6
A risk based approach to fighting financial crime

The only practical way to fight financial crime is to take a risk based approach and developing a core understanding of and appreciation for the risk based approach is critical to develop an effective anti-financial crime program. We get into the details of what this means, look at real life examples to help you understand and appreciate the risk based approach.

Module
7
Who is responsible for fighting financial crime?

1.We explore the concept of 'diffusion of responsibility'

2.We explore the question of who is responsible for Fighting Financial Crime?

3.We look at the various Inter-Governmental Agencies, Governments, Regulators, Law Enforcement, Courts, and Reporting Entities

4.We explain how AML regulations became a priority on the global political agenda

5. We explain the role of Financial Intelligence Units (FIUs).

Module
8
What are the fundamentals of anti-financial crime risk assessment?

We explain

1.Business Risk Assessment

2.The key pillars of Risk Rating

3.Client Risk Rating

4.Country Risk Assessment

5.Product Risk Assessment

6.Industry Risk Assessment

Module
9
Implementing the Risk Based Approach

1. We explain why a risk based approach is critical to achieve effectiveness in the fight against financial crime

2. We explore the risks of the Risk-Based approach

3.We explain the three lines of defence and their role in mitigating financial crime risk

4.Case study

Module
10
Controls to fight financial crime

1.We explore the controls businesses must implement to fight financial crime including client due diligence(CDD)

2.Enhanced Due Diligence (EDD) including the triggers that may trigger EDD

3.Ongoing Due Diligence.

Module
11
Client Due Diligence

This module is a deep dive on Client Due Diligence (CDD) and we will cover the process including document collection, purpose behind document collection, requirements for corporations and other entities. Document verification, periodic reviews and remediation.

Module
12
Source of Funds and Source of Wealth

1.Source of Funds

2.Source of Wealth

3.The difference between Source of Funds Vs Source of Wealth

4.An exercise to confirm your understanding of this critical topic.

Module
13
Politically Exposed Persons (PEPs)

Having robust controls in place to identify and mitigate PEP(Politically Exposed Persons) risks is critical so we start with the question of

1.Who is a PEP?

2.Exercise: Identifying PEPs

3.Categories​ of PEPs

4.PEP Retirement

Module
14
What is beneficial ownership?

1.Beneficial ownership. This is a complex topic and something that even seasoned due diligence professionals get wrong. We explore, what is beneficial ownership?

2.Types of control

3.We work through a case to show how to conduct a Beneficial Ownership drill down (Simple and Complex Structure)

4.We explain what significant Influence and control in organisations mean.

Module
15
Understanding Complex Entities - Trusts and Foundations

1.Trusts - What are trusts

2. Foundations

3.Dramatis Personae (Key Players in Trusts)

4.Identifying Ultimate Beneficial Owners (UBOs)

5.Sources of Wealth in Trusts

6.Types of Interest

7.Differences between Trusts and Foundations

8.CDD for Trusts & Foundations

9.Beneficial Ownership Rules

10.Practical Trust & Foundation CDD Issues.

Module
16
Transaction Monitoring and Screening

Nothing trips up businesses like ongoing due diligence especially transaction monitoring and screening so we cover.

1.Transaction monitoring: We explore identifying typical transactional red flags

2.Transactional red flags for terrorism including insights

3.We then bring it all together by presenting a case study that demonstrates the power of transaction monitoring to save lives

4.Screening: We cover screening for Sanctions, PEPs, Adverse Media, and Payments

5.We explain fuzzy logic, the process and Adverse Media Screening.

Module
17
Suspicious Matter Reports and Tipping Off

One of the most important goals of an effective anti-financial crime program is to detect and report suspicions. Although it is called by many names, a good suspicious activity report (SAR) can go a long way towards stopping criminals, saving lives and livelihoods. We explain

1.The process

2.What constitutes a good SAR

3.Legal obligations

4.The risk of tipping off

5.The regulatory expectations about tipping off.

Module
18
The Money Laundering Reporting Officer (MLRO)

The MLRO has ultimate accountability, authority and responsibility to ensure their business has an effective anti-financial crime program. We explain

1.The role of an MLRO

2.What happens when a suspicion is flagged and questions for an MLRO considers

3.We also look at the role of the Financial Intelligence Unit (FIU)

4.What happens when the FIU receive a SAR or SMR

Module
19
Case Study - The Big blast: Impact and insights

We present a case study that brings it all together. This is a real life investigation that Ray was involved in and brings together everything you learn at the bootcamp and helps you connect the dots.

Want to run a bootcamp tailored for your business?  
Just ask. We will work with you to address your team's specific needs.

Contact us

Who is  the Program meant for?

We believe this program is for anyone who works in anti-financial crime or aspires to pursue a career in anti-financial crime. It is likely you have completed the AFC Elements program and want to learn more. You may be someone wanting to take the next step and prefer a live interaction with your peers and Ray.

Irrespective, the AFC Bootcamp will deliver value.

Upcoming AFC Bootcamps

Register for an upcoming session below

October
26
-
27
October
2024
8 AM BST / 12.30 IST / 5 PM AEST
Register Now
November
23
-
24
November
2024
8 AM BST / 12.30 IST / 5 PM AEST
Register Now

Are you ready to challenge yourself?

4.8

"Your expertise and in-depth knowledge in the field have greatly enriched our teams understanding and capabilities. The practical insights and real-world examples you provided were particularly valuable, making complex concepts more accessible and actionable for our participants.

We have already seen a noticeable improvement in our team’s ability to identify and respond to potential AML risks. The quality and content of your training materials have been key to setting up new standards of professional development within our team.”

Manish Bisht

Director, EY

*The views reflected are the views of the author and do not necessarily reflect the views of the global EY organization or its member firms.