UNDERSTANDING FINANCIAL CRIME
- the new compliance priority

Thursday 17th June 2004
Thursday 16th September 2004
Wednesday 6th October 2004

Jersey and the Isle of Man

MONEY LAUNDERING NO LONGER A “HEADLINE ISSUE” …

Financial regulators around the world are now starting to move away from concentrating on money laundering and are engaging with the issues of the prevention of financial crime. In the UK, for instance, the Financial Services Authority (FSA) has recently stated “we have switched our focus from money laundering to fraud and the broad area of financial crime”.

This emphasis on financial crime from a compliance perspective is new, and represents a significant advance in the thinking of financial regulators towards the development of a holistic approach to financial crime reduction. The previous focus solely on the prevention of money laundering - without including those aspects of criminal behaviour which produce the criminal proceeds in the first place - has missed hugely important areas of crime prevention. All organisations committed to minimising the losses caused by financial crime, however, MUST NOW incorporate a focus on the broader spectrum of financial crime into their “best practice” approach to compliance and prevention.

UNDERSTANDING FINANCIAL CRIME - the new compliance priority is a specially designed workshop intended to give practitioners an understanding of this newly emerging field of specialisation and a tailor-made opportunity to gain important knowledge and develop new skills in this demanding discipline.

You will learn from two highly experienced tutors who between them have over 55 years’ hands-on experience of investigating and defending financial crime in all its manifestations. You will determine the distinction between the criminal mentality and the regulatory thinking process, which in turn will enable you to make important decisions when examining practical examples of potential ‘wrong-doing’ within your organisation.

You will examine the way in which the criminal mentality and the money laundering process feed off each other in a symbiotic relationship, which is sustained and nurtured by the way in which financial institutions have traditionally been encouraged to do business.

You will discover the ways in which the contemporary money-laundering trails were first laid down by the old tax evasion methodologies, and you will learn about the draconian new schemes which international jurisdictions are employing to prevent tax evasion and other forms of capital flight.

You will learn from real-life case studies, which will amplify and illuminate the implications of all the examples which are introduced, and you will be encouraged to contribute throughout to an atmosphere which seeks to encourage practical participation at every stage.

This is a hugely important opportunity to learn from professionals who have spent their working lives in the practical management of financial crime and money laundering, and who are best qualified to share their knowledge and experience with you in an interactive workshop environment.

WHO SHOULD ATTEND, AND WHY

All those involved with management of financial crime risk, including:

compliance officers
fraud managers and investigators
money laundering reporting officers
financial crime managers
internal auditors
financial directors
operational risk managers

will increase their understanding of the broad spectrum of financial crime, enabling them to recognise and deal with any activities intended to defraud and cause losses to their organisation.

If this is YOU, don’t miss out on this important opportunity!