Financial Crime Risk & FCA Compliance: A Practical Guide

Introduction

Financial crime remains one of the most significant threats facing FCA-regulated firms, with fraud, money laundering, cyber-enabled crime and insider threats continuing to evolve in both sophistication and scale. Regulators increasingly expect firms and their employees to understand these risks, maintain effective controls and demonstrate a strong culture of compliance and accountability.

This new live and interactive session will help you to identify how financial crime risks can arise within your organisations, understand your regulatory obligations under the FCA regime and appreciate the consequences of failing to prevent financial crime. This course will also explore key conduct and fitness and propriety requirements, together with the growing focus on corporate criminal liability and enforcement action.

By attending, you will gain a clearer understanding of the threats facing firms today, the expectations placed upon individuals and senior management and the practical steps that can be taken to strengthen controls, reduce risk and protect both the firm and its reputation.

What You Will Learn

This live and interactive session will cover the following:

• Exposure to Financial Crime Risk
• An overview of the definition, scope, FCA expectations and the impact on firms
• Key threats including fraud, money laundering, cyber-enabled crime and inside threats
• Fraud typologies: authorised push payment fraud, investment scams and clone firms, account takeover and identity fraud
• Money laundering
• Risk mitigation: systems and controls, monitoring and reporting, staff training and escalation
• FCA Conduct and Fit and Proper obligations
• Regulatory framework
• Conduct rules
• Fit and Proper test
• Practical takeaways
• Failure to prevent offences and enforcement
• Corporate criminal liability and the shift towards strict liability
• Key offences: Bribery Act 2010 and Criminal Finances Act 2017
• FCA enforcement: fines and sanctions, prohibition orders, criminal referrals
• Protecting the firm: compliance frameworks, audit trails, senior management oversight
• The key to prevention

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.