Fraud and Financial Crime

Conversations: Maria Nizzero, Research Fellow, Centre for Financial Crime and Security Studies, Royal United Services Institute (RUSI)

Course Duration: 33 minutes
Course Points: 30

In this episode of Fridays with Fintelekt, Shirish Pathak, Managing Director, Fintelekt is in conversation with Maria Nizzero, Research Fellow, Centre for Financial Crime and Security Studies, Royal United Services Institute (RUSI) about RUSI’s latest research on the Illicit Finance Threat to Democracies.

The research, primarily based on the transatlantic response to illicit finance, proposes 7 straightforward action items based on 3 underlying principles. The action items have universal applicability and hence the research can be valuable for policy makers across the world.

Insights: Public-Private Partnerships to Disrupt Financial Crime

Course Duration: 32 minutes
Course Points: 30

In this course, Trainer Ruta Bajarunaite presents a holistic view of Public-Private Partnerships (PPP) to disrupt financial crime. She highlights the importance of aligning public as well as private sector goals, and cutting through various mandates, authorities and cultures, to achieve a strong and effective partnership.

She emphasizes that a PPP is no longer a nice-to-have, but a must-have response to financial crime threats for any country!

She provides an in depth coverage of:

  • the definition of PPPs
  • their role and impact
  • challenges to get it right
  • success stories
  • way forward for PPPs

Fintelekt-ABA Webinar on The Cost of Financial Crime Compliance in APAC

Course Duration: 63 minutes
Course Points: 60

This course allows Premium users to download a Participation Certificate.

Fintelekt Advisory Services and Asian Bankers Association hosted a webinar on The Cost of Financial Crime Compliance in APAC on July 20, 2022.

The webinar was moderated by Arpita Bedekar, Director – Strategy & Planning, Fintelekt Advisory Services. The speakers were Sharon Pamplona, Head of Financial Crime and MLRO, ANZ Hong Kong, David Haynes, Vice President, Asia Pacific, LexisNexis Risk Solutions, David Zhuo, Market Planner, LexisNexis Risk Solutions and Rika Astari, AML/CTF Compliance Expert / Consultant.

The webinar included a presentation on the key findings of the True Cost of Financial Crime Compliance Study 2022 that was published recently by LexisNexis Risk Solutions. 

The key issues that were discussed during the webinar:

  • Sourcing the right compliance talent to deal with ongoing compliance complexities
  • The volatile sanctions screening landscape due to the Russia-Ukraine war
  • The risks emanating from digital payments
  • The challenge of developing a single risk customer profile and maintaining an audit trail for transactions in a comprehensive manner
  • Mechanisms that should be put in place to ensure that DNFBPs cannot abuse the banking system
  • Areas in compliance screening operations facing the largest challenges and overcoming them
  • Alert volumes and clearance time – has the pandemic contributed to this adversely; and what has been the impact on analyst teams’ productivity and the ability to file suspicious transaction reports in a timely manner.

Webinar: The Cost of Financial Crime Compliance in APAC

Course Duration: 47 minutes
Course Points: 45

Fintelekt Advisory Services and Asian Bankers Association hosted a webinar on The Cost of Financial Crime Compliance in APAC on July 20, 2022.

The webinar was moderated by Arpita Bedekar, Director – Strategy & Planning, Fintelekt Advisory Services. The speakers were Sharon Pamplona, Head of Financial Crime and MLRO, ANZ Hong Kong, David Haynes, Vice President, Asia Pacific, LexisNexis Risk Solutions, David Zhuo, Market Planner, LexisNexis Risk Solutions and Rika Astari, AML/CTF Compliance Expert / Consultant.

The webinar included a presentation on the key findings of the True Cost of Financial Crime Compliance Study 2022 that was published recently by LexisNexis Risk Solutions. 

The key issues that were discussed during the webinar:

  • Sourcing the right compliance talent to deal with ongoing compliance complexities
  • The volatile sanctions screening landscape due to the Russia-Ukraine war
  • The risks emanating from digital payments
  • The challenge of developing a single risk customer profile and maintaining an audit trail for transactions in a comprehensive manner
  • Mechanisms that should be put in place to ensure that DNFBPs cannot abuse the banking system
  • Areas in compliance screening operations facing the largest challenges and overcoming them
  • Alert volumes and clearance time – has the pandemic contributed to this adversely; and what has been the impact on analyst teams’ productivity and the ability to file suspicious transaction reports in a timely manner.

Training on Cyber Security and Customer Fraud

Course Duration: 120 minutes
Course Points: 120

THIS COURSE HAS NOW BEEN CLOSED.

The Asian Bankers Association (ABA) and Fintelekt Advisory Services conducted a 2-hour comprehensive training session on Cyber Security and Customer Fraud on May 13, 2022 from 10:00 AM to 12:00 Noon SGT.

The objective of this session was sharing of information and best practices on adopting and managing cyber security measures, and in dealing with and protecting one’s organization from customer fraud, as well as on relevant government policies and regulations governing cyber security and customer fraud.

Topics Covered

  • Recent trends in fraud and key risks for banks
  • Challenges due to the Covid-19 pandemic and its long-term impact
  • Regulatory developments and expectations
  • Cyber security best practices for banks
  • The importance of awareness and training for staff

Trainer: J. Michael Skiba (Dr. Fraud®)

Money Laundering, Terrorist Financing, Financial Crime and Illicit Flows Observed during the Covid-19 Pandemic by Muhammad Imran

Course Duration: 56 minutes
Course Points: 55

Presentation on Money Laundering / Terrorist Financing, Financial Crime and Illicit Flows Observed during the Covid-19 Pandemic: Learnings & Recommendations by Muhammad Imran, Criminal Intelligence Officer, Financial Crimes Unit, INTERPOL at the AMLC-Fintelekt AML/CTF Summit Philippines 2021, conducted virtually from November 22nd – 26th, 2021.

Criminal Forfeiture by Suren Thapa

Course Duration: 61 minutes
Course Points: 60

Presentation on Criminal Forfeiture by Suren Thapa, President & Founder, Global Intelligence Analysis Corporation, New York at the AMLC-Fintelekt AML/CTF Summit Philippines 2021, conducted virtually from November 22nd – 26th, 2021.

The Evolving Drug Trade in Asia and Nexus to Pacific by Avaneesh Raman

Course Duration: 26 minutes
Course Points: 25

Presentation on The Evolving Drug Trade in Asia and Nexus to Pacific by Avaneesh Raman, Consultant – Fiji & Pacific, Fintelekt Academy at the AMLC-Fintelekt AML/CTF Summit Philippines 2021, conducted virtually from November 22nd – 26th, 2021.

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