Financial Economic Crime Awareness

This training is developed for employees in the financial sector. The training is also relevant for those who are not engaged in client contact or CDD/KYC activities on a daily basis. The law requires all employees of financial organisations to have some knowledge in the field of preventing money laundering and other forms of financial crime. This training will help you meet these legal requirements.

This is a training at HBO (higher vocational education) level. Specific knowledge is not required, but we do assume that you have basic knowledge of provisions of the Wwft and financial services.

This training is designed to complement our Wwft Awareness and Sanctions Regulation Awareness trainings. It is also of added value for those who have completed our Wwft Transaction Monitoring and Wwft Customer Investigation trainings. The theory on customer due diligence and transaction monitoring will be repetitive for this group and helps them to refresh their knowledge in this area. Unlike the other in-depth courses, the FEC Awareness training focuses on practical recognition of signals that may indicate financial crime.

Learn more about detecting financial-economic crime in practice

During this training you will learn more about detecting, preventing and combating various forms of financial-economic crime, such as money laundering, terrorist financing, sanctions, fraud, corruption and tax evasion. After completing the training you:

• Understand the various legal requirements that financial institutions must comply with in the area of CDD/KYC;
• Know what financial institutions can do to minimise the risk of financial crime;
• Recognise the signals (or red flags) that may indicate financial crime in practice;
• Know what action to take when financial crime may be occurring; and
• Be aware of developments in the field of fraud prevention.

Baseline measurement

The training starts with a baseline measurement to determine whether you can take the test immediately or whether it is best to study the theory first.

Theory

• Introduction to financial-economic crime
• Preventing & combating
  • Customer Survey
  • When to conduct a customer investigation
  • Transaction monitoring
• Recognising & detecting
  • Money laundering
  • Terrorist financing
  • Sanctions
  • Fraud and corruption
  • Tax evasion
• Identifying & reporting
  • Taking action
• Developments & current affairs
  • Legislation and initiatives

Test Financial Economic Crime Awareness

You can complete this course with a test in the learning environment. You can also take resits in the learning environment.

Certificate Financial Economic Crime Awareness

After passing the test, you can download your personal FEC Awareness certificate from the learning environment.

The Financial Economic Crime Awareness training can be taken via our online learning environment, wherever and whenever it suits you. The training takes between one and two hours to finish, depending on your prior knowledge about the subject.

We are happy to adapt the training to your organisation, e.g. by adding personalised cases and red flags. Please reach out to us to discuss the possibilities.

In our online learning environment, employers can view and export the progress of individual participants via a freely accessible dashboard. This provides you with an overview of the participants, courses and content statistics of all the courses taken within your organisation. Please ask for the possibilities during the registration progress.