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Financial Crime and Compliance Masterclass Including CTF & AML

2 Part Course  |  An essential overview of FCC/AML & Sanctions risks together with the mitigation techniques that can be used to manage and reduce them

Awesome view of a popular tourist destination Supertree Grove at Gardens by the Bay in Singapore

A one-day course presented in two half-day live webinars from 9:30am to 1:00pm UK time

Part One

  • Recent high profile fines
  • Recent Regulatory Action
  • What is FCC
  • What is AML
  • The Scale of the problem
  • What is CTF
  • The “Rules”
  • What are financial institutions required to put in place – overview
  • What is CDD, KYC, IDV
  • Who is responsible for FCC Compliance?
Who sets the rules and who publishes best practice guidelines?
  • FCA
  • UN
  • EEC
  • The USA – OFAC
  • Best Practice Guidelines
    • FATF
    • Wolfsberg Group
    • Transparency International
    • JMLSG
    • Egmont Group
What must Institutions Do to Comply
  • The FCC Cycle – Several key stages
  • Risk-Based approach
  • Material Trigger Events
  • Current three lines of defence model
  • Staff training and competence
  • Transaction Monitoring – the critical “safety net”
Sanctions – Brief Overview
  • Who sets them & why are they set
  • Who is impacted
  • What are they
  • OFAC and the US dimension
  • When should screening take place
  • “In Flight” Screening
  • Other screening
  • Case Study/Example
Counter/Anti Terrorist Financing
  • A different management challenge – why?
  • Following the money
  • Dormant accounts
  • The scale of the problem
  • Effective controls
  • Informal Value Transfer Systems
  • Charities / Non-Profit Organisation
  • Screening processes
  • Case Study/Example
Examples of How Money Laundering Carried Out In practice
  • Smurfing
  • Co-mingling
  • Additional Bank Accounts
  • Using property and other assets
  • Complex Money Laundering
  • Under and Over Invoicing
  • “Phantom” transactions
  • Quality and quantity manipulation
  • Asset Management
  • Fine Art
  • Near money instruments
  • Attempting to circumvent client identification requirements
Part Two

Essential Control Mechanisms
  • Customer Due Diligence
  • KYC – getting to know the customer
  • IDV – checking what they say
  • EDD & DDD
  • Source of Wealth
  • Source of Funds
  • Ultimate Beneficial Ownership
  • PEP’s
  • Effective escalation process
  • Transaction monitoring
  • Behavioural Monitoring with “Swim Lines” (Subject to cost constraints and complexity)
  • Remediation process
  • Exit and mitigation process
  • Review process
  • Oversight process using a 3LOD model
  • Case Study/Example
Politically Exposed Persons
  • Definition – formal
  • Definition in practice
  • Why are they a special case
  • Mandatory high risk
  • UBO issues
  • Source of Wealth issues
  • Annual Review issues
  • Domestic/Local PEPS
  • Case Study/Example
Specific Identification & Verification Issues
  • Trust nominee and fiduciary accounts
  • Corporate vehicles
  • Client accounts opened by professional intermediaries
  • Non-face to face customers
  • Correspondent banking – KYC requirements and Due Diligence
  • Offshore Clients
  • Case Study/Example
Suspicion & Escalation
  • What must banks have in place
  • An effective escalation process
  • Concern versus SuspicionThe Four D’s
  • The role of the MLRO
  • Communication lines
  • Suspicious Activity Reports / Suspicious Transaction Report
  • Whistleblowing
  • Case Study/Example
High-Risk Products  & Services
  • Movement of monies
  • Movement of value
  • Speed of movement
  • Other material parties make/receive value
  • Anonymity of parties
  • Use of 3rd party channels
  • Cross border movement
  • Access to cash or cash equivalent instruments
  • Internet Casinos
  • Prepaid Cards and E-Cash
  • Case Study/Example
Other Key Issues & Open Forum Talking Points
  • AML Policies and Procedures – What is the difference and why are they important?
  • Probability of an offence crystallising
  • Understanding the difference between KYC – ID&V – CDD
  • Profiling customers – what does it mean?
  • Building and using trigger events in practice
  • What do you do if you are suspicious
  • Recognising and handling suspicious transaction reports
  • Human factors in money laundering risk management

The trainer had a highly successful, long and varied “fast track” career in Lloyds Bank which led him to a very senior management position in the bank’s Corporate Banking Divsions at an early age. He was then “head hunted” to join a merchant bank to head the risk function at main board director level. He now has over 40 years’ experience in the UK banking and financial services sector.

He has been a freelance Compliance, FCC & AML training consultant since retiring and is currently an external Master Trainer at both HSBC and Bank of China. At HSBC he has been a leading member of their global FCC & AML training programme which is now entering its seventh year. He has created and delivered training to a vast range of clients, from global giants to small firms and partnerships. He is an accomplished global trainer and has delivered extensive programmes in the UK, USA, South America, Europe, Africa, Asia and the Middle East.

The trainer is a highly adaptive, hands-on and highly sought-after facilitator who always receives excellent feedback from delegates. He is comfortable training at any level of seniority and experience, from “black belts” to novices. As well as his Compliance, FCC & AML specialism, his expertise includes but is not limited to Risk Management, Trade Finance and all major aspects of Corporate, Private & Retail Banking. He is also a highly experienced soft skills trainer and has completed numerous “train the trainer” assignments.

  • Understand fully the regulatory and best practice requirements necessary to combat FCC
  • Be fully conversant with the mandatory risk-based approach, how it is created, how it is managed and the controls that it drives
  • Understand how AML Regulations now impact a very wide range of firms.
  • Appreciate the need for an holistic approach to FCC and the importance of ensuring it becomes part of business as usual
  • Recognise the importance of managing the customer journey throughout the process to ensure that compliance does not become unpleasant or a deal-breaker for them
  • Appreciate how important it is to persuade staff at all levels to take this seriously and discharge their duties effectively
  • Understand how money laundering is carried out in practice in order to put in place effective mitigants and controls to prevent it.
  • Recognise that the key component to an effective FCC process is sound judgement, common sense and a full understanding of the rules so when decisions have to be made, they are the appropriate and most effective

  • Redcliffe is a market leader in FCC training and has been the primary supplier of trainers to two of the world’s largest bank’s for several years. This is a core competency for us and we are certain nobody trains more effectively than we do when it comes to this topic
  • The course director is an acknowledged subject matter expert and is also a Master Trainer in both FCC and Risk Management at the world’s biggest trade finance bank
  • We don’t use academics as trainers. All our trainers are practitioners who achieved at least senior management status over long careers. Your course director has been in the industry for over 40 years and was a former main board director of a London based merchant bank
  • The workshop is packed full of real-life case studies and discussion sessions and delegate involvement is encouraged at all times
  • We are judged solely by our results and we are proud to say that delegates feedback over many years has always been excellent

FCC and AML is a very high profile risk currently, with Regulators punishing firms who fail to put in place adequate systems and controls – even though no money laundering or sanctions breaches occurred. As such, this course is a ‘must know’ for everyone working in a firm that is subject to the rules.

Financial Crime Compliance and Regulatory Compliance will be a “top risk” for nearly every Financial Institution In recent times, Regulators have criticised a number of leaders in the Financial Services sector for not having appropriate and/or effective risk mitigation procedures in place. There have also been some eye -watering fines for non compliance. 

Financial institutions are required to focus increasingly on Financial Crime Prevention measures and must have robust systems in place to combat them. This includes detailed policies, clear lines of defence, robust CDD processes, a risk-based approach, clear accountabilities and above all effective staff training and awareness throughout the organisation.

None of this is difficult but it is costly, time-consuming and involves putting in place procedures and systems to deter, detect and protect the institution from being used by criminals.

Who Should Attend

Anyone with an interest in the topic


Highly interactive workshop with packed full with real-life case studies and discussions sessions

Number of places:
Part 1
Number of places:
Part 2

£ 695.00

Per participant per part

Discounts available:

Book multiple places on both parts in one order for the below discounts:

  • 2 places at 30% less = £ 973.00
    per person
  • 3 places at 40% less = £ 834.00
    per person
  • 4 places at 50% less = £ 695.00
    per person
  • 5 places at 55% less = £ 625.50
    per person
  • 6+ places at 60% less = £ 556.00
    per person
  • You don’t have to book multiple places on just one course to get these fantastic discounts – you can book different participants on any of our courses and still get the same discount


    Have this course presented In-House

    • On a date, time and in a location of your choice
    • Topics expanded or deleted to your bespoke requirements

    Have this course pre-recorded

    • Full course recording edited exclusively for your company
    • Files converted to enable housing on your LMS

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