Financial Crime in the Digital Ecosystem (Classroom Facilitated Training)

With the digital transformation adoption and the customers’ digital lifestyle gaining speed, the digital data, online transactions and internet/digital activities are also growing by leaps and bound. This is further challenged by the increase in complexity and speed of financial crime incidents happening in the evolving technologically driven landscape. As the criminals continue to invest and harness the power of evolving technologies to launch new tactics, it is imperative for companies and individuals to know the pitfalls to watch and the practical approach to position against being victims to such crimes.

Participants, through this training, will

• Understand the concept of money laundering and the various topologies adopted by the criminals
• Understand the concept of AML/CFT Compliance Framework
• Understand methodologies for analysing new technology or digital channels
• Analyse incremental regulatory risk management challenges from digitalisation. Bitcoin, anonymity, and risk from associated businesses
• Mitigating AML risk in the case of non-Face-to-face onboarding
• Analyse how regulators and compliance may need to adapt due to changes in criminal and customer behaviour
• Understand how to engage regulators and identify controls to manage risks in the digitised world
• Understand the key information used for the detection of suspicious activities, and regulatory reporting
• Be aware of MAS guidelines and compliance requirements on AML

Business manager, compliance officer, compliance anaylst or professionals with responsibilities on regulatory risk, anti-money laundering compliance or enterprise risk management in their roles