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Financial Crime and Compliance   (FCC)


Financial Crime and Compliance (FCC)

Full Marks: 100

Module A: Conceptual Issues and Terminology

  • Financial Crime, Nature of Financial Crime, Key stakeholders of Financial Crime
  • Money Laundering, Terrorist Financing, Sanctions, Bribery and Corruption
  • Predicate Offence, Reporting Organizations, Investigative Agencies
  • Stages of Money Laundering, Bangladesh Financial Intelligence Unit (BFIU)
  • FATF, APG, Egmont Group, National Coordination Committee and National Taskforce on AML/CFT, Penalties

Module B: Financial Crime in the Key Functional Areas of Banking

  • Nature of crimes in General Banking
  • Fraud and forgeries in Credit Operations
  • Malpractices and crime in Trade Services and Foreign Exchange
  • Internal Control and Compliance (ICC) functions of banks and Financial Crime

Module C: Financial Crime Risk Assessment

  • ML/TF Risk Assessment Guidelines for Banking Sector
  • Identifying and Assessing Trade Based Money Laundering (TBML)
  • Guidelines for Trade Based Money Laundering in Bangladesh
  • Enterprise-wide, Business, Sector and Product level Financial Crime Risk
  • Geographic Risk, FATF Blacklists and Gray-lists

Module D: Prevention, Detection and Reporting

  • Customer, Beneficial Owner, Customer Acceptance Policy, KYC
  • Customer Risk Assessment/Rating, Customer Due Diligence (CDD), Enhanced Due Diligence (EDD)
  • Periodic and Adhoc CDD/EDD review, Name Screening
  • Transaction Profile (TP), Transaction Monitoring, TP Based Transaction Monitoring
  • Automated Transaction Monitoring, Manual Transaction Monitoring, Transaction Screening
  • Ongoing Name Screening, Media Monitoring
  • Self-Assessment, Cash Transaction Reporting (CTR), Suspicious Transaction Reporting (STR)
  • Protection for good faith reporting, Reporting for Internal Governance, Negative Lists

Module E: Sanctions, Anti-Bribery and Corruption

  • Economic Sanctions, Various Types of Sanctions, US Sanctions, UN Sanctions, Bangladesh list
  • Bribery, Corruption, Important definitions and provisions of Anti-Corruption Commission Act, 2004
  • Penal Code provisions on Bribery, expatriation of corruption proceeds
  • Bribery & Corruption through employment, internship, gifts, procurement, sponsorship and donations

Module F: Financial Crime Control (FCC) for New Economy

  • FCC Risk Associated with new services and Technology, Fintech products
  • Mobile Financial Services (MFS), e-wallet, transactional platforms, e-commerce sites, marketplace
  • Money Laundering in the New Payment System

Module G: Compliance

  • Concepts of Compliance and Compliance Risk
  • Identifying and Managing Compliance Risk, Various Sub-Risks
  • Assessing Inherent and Residual Compliance Risk
  • Compliance Policies and Governance, Regulatory Compliance
  • Independence of Compliance Function and role of all employees and senior management for compliance

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