Avoid Fraud and Financial Crime
Analysis International has developed a one-dayprogramme of media rich case studies and exercises based on real examples of financial crime, fraud, and financial intelligence for the benefit of House of Training in Luxembourg.The programme is designed to follow the Analysis International method of problem solving exercises that allows the attendees to work with colleagues within the financial community and law enforcement community to gain a better understanding of the challenges faced within financial institutions on a day to day basis when confronted with fraudsters and other criminals looking to exploit weaknesses in processes and human failings.
The programme will concentrate on the recognition and evaluation of specific types of fraud to allow for a greater depth of investigation and discussion. The programme is aimed at FIU/AML analysts and investigators. The programme has a European agenda and will focus on the following :
- Typologies and methods of fraud/financial crime
- Examine and critique relevant case study on the identification of predicate offences that apply in fraud investigations, and then expand that learning into the effective analysis of financial data in a reactive and proactive investigation
- Learn to evaluate financial data in a fraud/ corruption investigation more effectively to enhance the intelligence and investigative process
- The course will provide an awareness of national and international responses and initiatives to eradicate fraud and financial crime.
- Gain more confidence in decision making capability and the reporting process that derives from working in a small team/FIU type with peers from different backgrounds and organisations
- An overview of the current landscape on fraud and corruption in Europe, as we look at the facts and figures that identify the extent of the problem, and the Europe wide initiatives in place to tackle the problem
- An exercise in the methods and tools available that are required to undertake enhanced due diligence of an Eastern European High Net Worth Individual with political links in Ukraine and Russia.
- The students will break into teams with the instructions/material to build an intelligence picture of the PEP. The facilitator will expect a dynamic and proactive response from the attendees to identify the methods and open sources available within Institutions to be able to manage or exit the relationship.
- The case study will examine the lengths that a desperate regime will go to as they attempt to maintain a collapsing economy and infrastructure. ›
- By utilising the services of a sanctions buster/fraudster to set up front companies and attempting to obtain lines of credit through European financial institutions, corrupt customs officials and lax border controls.
- A short case narrative on capital flight, formation regulatory failings and corruption will place exercise in context.
- The insider (The loan facilitator)
- Following on from a video feed in which the student’s ability to collect and assess intelligence will be tested; an action plan is required from the teams to deal with the following issues.
- A senior manager in an institution is facilitating loans for an organised crime gang and bypassing processes and credit checks as well as bringing pressure to bear on junior staff members to push through applications.
- The students working within their groups will be expected to deliver an action plan to disrupt this activity and deal internally with the staff in question.
- This will include: recognition of which departments to include in the investigation, the identification and creation of clear reporting lines and demarcation of roles and responsibilities, take ownership of the investigation of the corrupt member of staff.
- Action plan required on how to conduct the Investigation to be discussed with facilitator and to be delivered to the class.
- Presentation on investigative methods employed within financial institutions which will also include a review of fraud and financial crime methods and trends in Europe that affect the banking sector.
- Follow the money; Boiler room fraud. ›
- Utilising a fly on the wall documentary that looks at the impact of boiler room fraud on unsuspecting investors and the tragic consequences for the victims.
- The facilitator will test the class ability to retain and absorb information as they gather the intelligence on this boiler room/money laundering operation with a series of questions at the end of the session. ›
- A short case narrative will place the exercise in context.
- An examination of cultural and regulatory differences that affect and influence the ability to utilise offshore entities for the benefit of individuals and allow for exploitation of lax controls within certain jurisdictions.
- One of the starkest examples of the crossover between organised crime and terrorism and the efforts made to seize and confiscate assets derived from criminal activity.