Fraud Prevention AML Training Course
Outline
This is a comprehensive introductory course on two of the most challenging related areas of risk management for any financial institution. Many areas of financial fraud have grown dramatically, and the cost to the EU economy of fraud as a whole is now estimated EUR 400 billion. Organised crime is growing dramatically, and money laundering controls are a ‘must-have’. Companies cannot afford to be the ‘weakest link’ in a dynamic struggle to contain these threats.
Delegates will be provided with the latest thinking on how to systematically combat these challenges, within an overall risk management framework. It is thus suitable for a wide range of managers within financial institutions.
The course applies the Process Approach©, which systematically examines all areas within retail and commercial financial institutions for fraud. It is taught within the framework of the Basel II regulations for Operational Risk Management which cover internal and external fraud, and the Third EU Directive on Money Laundering.
Delegates should expect to leave the course with a broad knowledge of where fraud is to be found, and the key responses. They should also expect to be assisted to expose and contain both the every day attempts made by fraudsters and the creative and original challenges that are increasingly likely as financial technology develops.
The course will also give an overview of the major industry fraud avoidance sharing schemes and the data available. As specialised topics, information security, market fraud and money laundering are covered briefly in outline.
Who should attend?
AML, Fraud, Risk, Fraud Scoring, and AML and Fraud Investigations Managers, who have responsibility for managing AML or fraud, as well as Credit, Audit, Compliance, Legal, HR and Data Management staff who will need to have a good understanding of these challenges.
Trainer’s Biography
Mr. Trevor Bedeman
Managing Consultant, London-Risk
Mr. Bedeman is a Partner in London-Risk, an independent consultancy based in the United Kingdom, specialising in financial services, including operational risk and compliance, and data sharing. London-Risk provide training courses in Operational Risk, including regularly in Budapest together with BACEE. London-Risk also undertake operational risk consultancy, most recently for the World Bank in Moscow. As Chairman of Insurance Database Services Limited (IDSL) he led the initial development of the Insurance Fraud Bureau (IFB) which is now supported by 32 general insurance companies, over 96% of the UK industry. It acts against organised crime networks through advanced data sharing and intelligence techniques. He has a risk and data compliance background from Lloyds TSB, with substantial experience of many aspects of compliance, including many aspects of operational risk. He designed many aspects of LTSB’s data compliance including the customer notifications and the group level data policies. He also wrote and negotiated the Principles of Reciprocity, the rules for UK credit and related data sharing, which now has over 500 participating companies and 800m records.