Financial Economic Crime Awareness

  • Category
    Wwft and Sanctions Act
  • Type
    Online
  • Duration
    3-4 hours
  • Start date
    Immediately
  • Price
    €95,-
  • Languages
    EN, NL

As an employee in the financial sector, you can play an important role in the fight against financial economic crime. If you can recognise certain suspicious signals or transactions and know how to act on them, you can help your organisation comply with the relevant laws and regulations and prevent both financial and reputational damage.

This awareness training helps you meet the legal training requirements deriving from the Money Laundering and Terrorist Financing Act (Wwft). After completion, you will be familiar with various forms of financial-economic crime and know how to recognise them in practice.

Target audience

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.

Preliminary training

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 a logical next step to gain more in-depth knowledge after following our Wwft Awareness and Sanctions Regulation Awareness trainings. The training is also of added value for students who have taken 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 refresh their knowledge in this area. Unlike the other in-depth courses, the FEC Awareness training emphasizes the practical detection of signals that may indicate financial-economic crime.

Learn more about detecting financial-economic crime in practice

Objective

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 participating you will:

  • Be familiar with 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-economic crime;
  • Can detect the signals (or red flags) that may indicate financial-economic crime in practice;
  • Know what actions to take when financial-economic crime may occur; and
  • Be aware of developments in the field of financial-economic crime prevention.

Course content

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.

Study duration

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.

Monitoring study progress

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.

Questions?

Schedule an online meeting

Do you have any questions about this training? Our learning specialists are happy to answer them. Schedule a Teams meeting with us now.

Schedule an online meeting
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Why take this Financial Economic Crime Awareness training?

  • Learn to detect the signs of different forms of financial-economic crime using practical examples
  • Developed by specialists from Charco & Dique
  • Flexible learning wherever and whenever it suits you, via our online learning environment or app
  • Enriched with cases and open questions that teach you to apply the material in practice

Personal advice

Interested in a hands-on training course that your employees will enjoy? Please feel free to contact us for more information about the possibilities.

FAQ

Do you offer tailor-made courses?

We think our courses should have practical relevance for all participants. We are happy to adapt our standard programs, so that they fit in with what is going on in your organization. You can personalize content or create a combination of subjects from different DSI programs. Read more about tour tailor-made solutions.

How can I follow the courses?

Our courses are easily accessible, both online and through the app of aNewSpring. You can study wherever and whenever you want.

Wealso offer ‘blended learning’ programs, in which we combine the benefits of in-class and online learning.

How can I sign up for a course?

The Ministry of Compliance distinguishes between individual registrations and registrations on behalf of an organization. As an individual, you can sign up through the website. Just click the ‘register’ button and you can get started right away.

Organizations that want to register several employees at once can get in touch with us. We will make sure your employees can get started as soon as possible.

What about reporting?

Demonstrable professional competence requires good reporting. That is why you can easily create and export reports within our online learning environment via a free accessible dashboard. As an individual participant you can keep track of your own progress. As an organization you can also appoint a contact person who has insight into the progress reports of the entire group of participants.

Who is behind The Ministry of Compliance?

The Ministry of Compliance is an initiative of Charco & Dique, specialists in financial laws and regulations. Our courses are developed by experienced consultants, supplemented with knowledge from external experts.

 

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