Fraud and Financial Crime

Conversations: Isabella Chase, Royal United Services Institute

Course Duration: 23 minutes
Course Points: 20

In this episode of Fridays with Fintelekt, Shirish Pathak, Managing Director, Fintelekt Advisory Services is in conversation with Isabella Chase, Research Fellow at Centre for Financial Crime and Security Studies (CFCS), Royal United Services Institute.

Isabella speaks about the motivation behind RUSI’s latest research on understanding and evaluating the impact of the FATF framework on financial inclusion, and how the pandemic triggered a fresh urgency to understand the barriers to financial inclusion as governments around the world rushed to get disbursement and support payments to their populations. The risk-based approach allows for identification of low-risk scenarios and a proportionate application of due diligence controls, but in practice, there are several challenges to achieving the balance between robust financial crime controls with financial inclusion objectives.

The conversation continues on to the January 2020 AML regulations introduced in the UK and their impact on the high-value art world, the roller coaster of Non-Fungible Tokens (NFTs) and the similarities in risk characteristics with the early days of cryptocurrencies.

Watch this course until the end for Isabella’s choice of the top three areas that need immediate global attention in the fight against financial crime!

Conversations: Tom Cardamone, Global Financial Integrity

Course Duration: 28 minutes
Course Points: 25

In this video from the Fridays with Fintelekt series, Shirish Pathak, Managing Director, Fintelekt Advisory Services is in conversation with Tom Cardamone, President & CEO, Global Financial Integrity. Tom starts the conversation by giving an overview of the work Global Financial Integrity (GFI) is doing and their impact on the ecosystem, especially curbing the illicit financial flows across the globe. He talks about the difficulties associated with promoting transparency, transactional crime and corruption and further talks about customs corruption in trade transactions.

He shares how GFTrade (a cloud based database that enables customs officials and financial institutions to determine if goods are priced outside typical ranges) is helping governments and institutions globally to enhance integrity of trade. He concludes the conversation by sharing the challenges faced by GFI and the vision he has for GFI’s future.

Certificate Course: Anti-Bribery and Corruption Module 2

The Module 2 of this certificate course covers certain myths around the topic, recent developments in the regulatory world, the role played by banking regulators, red flags related to associate parties and what a good Anti-Bribery and Corruption program should look like.

Updated: January 2021
Level: Beginner
Inclusions: Assessment, Completion Certificate
Duration: 33 minutes
Points: 65

Trainer: Atul Naval, Faculty Member, Fintelekt Advisory Services
View Trainer Bio

Certificate Course: Anti-Bribery and Corruption Module 1

In Module 1 of this certificate course, the trainer introduces the key concepts around Anti-Bribery and Corruption. The course covers the history and origins of bribery and corruption, its extent and characteristics, global Anti-Bribery and Corruption measures and includes high profile cases and enforcement actions.

Updated: January 2021
Level: Beginner
Inclusions: Assessment, Completion Certificate
Duration: 32 minutes
Points: 60

Trainer: Atul Naval, Faculty Member, Fintelekt Advisory Services
View Trainer Bio


Webinar: Risk Sensing and Fraud Intelligence

Course Duration: 52 minutes
Course Points: 50

This webinar is part of the webinar series run by Fintelekt Advisory Services in association with the Asian Bankers Association (ABA). The topic for this webinar is “Risk Sensing and Fraud Intelligence” and was aired on November 18, 2020.

Speakers:

  • SHIRISH PATHAK, Managing Director, Fintelekt
  • CHUA CHOON HONG, Head of Compliance Solutions – APAC, Bureau van Dijk, A Moody’s Analytics Company
  • DEVENDRA RAGHAV, Head of Compliance and Internal Control, QNB (Qatar National Bank) Group
  • BERNARD LAW, Head of FCC and MLRO, Airstar Bank

Key discussion points in the webinar:

  • The importance of learning from the risk of fraud happening around the world
  • Understanding global risk typologies and the players
  • Applying the relevant knowledge into operations
  • Using data and technology in fighting fraud

Expert Speak: James Mirfin, Refinitiv

Course Duration: 28 minutes
Course Points: 25

James Mirfin, Global Head of Digital Identity & Financial Crime Propositions, Refinitiv talks about the Future of Fighting Financial Crime in this presentation from Fintelekt’s Anti-Money Laundering 9th Annual Summit (India) 2019 held on November 7th-8th, 2019 in Mumbai, India.

Conversations: Sandeep Mehra, Chief Executive Officer, Academy of Fraud Investigations

Course Duration: 22 minutes
Course Points: 20

In this video from the Fridays with Fintelekt series, Shirish Pathak, Managing Director, Fintelekt Advisory Services is in conversation with Sandeep Mehra, Chief Executive Officer, Academy of Fraud Investigations on areas within banking prone to financial fraud, fraud prevention techniques and pre-requisites for a good investigation team and building a working partnership between business, control and investigations functions in a bank.

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