Financial Crime Services Banking & Financial Institutions

CEO’s Message

Financial crime, bank and insurance fraud, money-laundering, bribery, and corruption have significantly increased as a result of the global financial crisis. ‘Hot money’ is on the move internationally due to the politically instable conditions in certain highly-liquid financial markets. The reactions of regulators include the latest Financial Action Task Force (FATF) rules which will have a significant impact on banks and financial institutions. While the global financial sector is experiencing the regulators’ soto-soto approaches to both encourage promotion of professional standards it is being careful not to restrict banking commercial activities unnecessarily which in turn could harm economic growth. Regulated financial entities have specific requirements to be compliant and the multi-disciplinary team of experts at Risk Reward have an exhaustive track record and reputation for subject matter expertise, professionalism, discretion, global experience and service excellence. The UK Bribery Act (2010) has passed its 1-year anniversary – there are a plethora of cases arising from the international markets where British firms conduct business. The Risk Reward FC team is acknowledged as the most thoroughly interdisciplinary and truly indepedent available worldwide. We have specialist qualified AML/CFT and ABC banking experts, former Big Bank MLROs, forensic accountants, chartered bankers, bank internal auditors, and insurers; certified fraud examiners, and experienced multijurisdictional Expert Witnesses; a World Bank FIU mentor for sub-saharan Africa; law enforcement financial crime investigators; and a former head of a the UK financial intelligence unit, SOCA. This year the team also recently expanded to additional cybercrime specialists to assist banks and mobile phone companies with payments and credit card fraud.

Our latest service designed for MLROs is Red ChairTM , a dial-in service to provide discreet, prompt information when they need to know something… now. Available by the hour, without the need for a contract or retainer, it has become one of our most popular offerings to date. And because ours is the only truly independent international Financial Crime team in its class other well-established institutes and firms trust Risk Reward to deliver their specialised tools, products and services on their behalf. Risk Rewards holds an exclusive license for preparatory Masterclass training to the ACAMS certificate, the Chartered Institute of Securities and Investments Combatting Financial Crime certificate and InMarket’s affordable, bespoke AML e-learning tool currently available in 16 different languages and customised to any global jurisdiction. Whether yours is a global player or small-to-medium sized enterprise our experts are here to ensure you can respond with confidence in your own defense when a regulator calls you in. Or to train your own staff/managers if you are the regulator. Without doubt it is better to be prepared, not scared, so feel free to contact us for regulatory updates, compliance reviews, for internal investigations/interviews, training and competency requirements or when you need 100% discretion and prompt response to address an urgent problem when it first becomes apparent (and before it becomes known to the Board, shareholders, or the press). Please contact us with your challenges for our high-quality, practical and affordable solutions - we look forward to serving you soon.

Dennis Cox Chief Executive Officer

Risk Reward Limited x About Us Established in 2002 Risk Reward is a leading supplier of advisory and training services to the banking, financial and corporate sectors in developed and emerging markets. Our consulting and training services are delivered directly to banks and financial institutions by our own consultants, or we will supply the same consultants via intermediaries with whom we have developed close working relationships. Our business offers a wide range of consultancy and training services delivered by a pool of over 600 consultants. Each of our consultants are experts in their fields with years of relevant industry experience, ensuring that our services add value from day one and eliminate the usual consultant learning curve delays. In every case our consultants are able to make suggestions based on their own considerable experience of dealing successfully with similar challenges in their own careers.

We are the official training providers for: n n n n n n

Association of Certified Anti-Money Laundering Specialists (ACAMS) The Chartered Insurance Institute (CII) The Chartered Institute for Securities and Investment (CISI) The Institute of Chartered Accountants in England & Wales (ICAEW) Chartered Institue of Internal Auditors (IIA) The Professional Risk Managers’ International Association (PRMIA)

and conduct training to a wide variety of accredited and certified programmes and qualifications. To date we have helped over 500 banks and financial institutions, including central banks, to train and improve the performance of their staff. Our trainers and courses are considered to be among the best in the industry.

For more information please visit www.riskrewardlimited.com email: [email protected] or telephone +44 (0) 20 7638 5558.

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Global Markets & Clients Bank Julius Baer & Co Bank Mandiri Ltd (Cyprus) African Banking Corporation Bank of Bermuda (Luxembourg) Banque africaine de développement Bank of China Barclays Bank (South Africa) Bank of England (UK) BDO (Mauritius) Bank of Ireland Cavmont Capital Bank (Zambia) Bank of Montreal Central Bank of Nigeria Bank Saderat plc ChaseBank (Kenya) Bank Sepah International plc Citizens SME Agency (Botswana) Banco Internacional Do Funchal S.A. Commercial Bank (Zambia) Barclays Bank plc Commercial International Bank BNP Paribas (Egypt) Brewin Dolphin Bell Lawrie Ltd Development Bank (Rwanda) British Bankers' Association Développement Bank PHB (Nigeria) Brunel University (UK) Eco Bank (Ghana) C Hoare & Co Egyptian Banking Institute (Egypt) Christiania Bank (Norway) Exam Ready (South Africa) CIBC World Markets Plc Finance Bank (Zambia) City Speakers International (UK) First Atlantic Merchant Bank Clariden Bank (Switzerland) (Ghana) Combined Insurance (UK) First Bank (Nigeria) Commerzbank AG First Rand Bank (South Africa) Co-operative Bank (UK) FITC - Financial Institution Training Co-operative Financial Services Centre (Nigeria) Coutts & Co Guaranty Trust Bank (Nigeria) Credit Agricole Asset Management HFC Bank (Ghana) Credit Suisse (Switzerland) Housing Finance (Uganda) D C Gardner (UK) Indefund (Malawi) Danske Bank A/S Intercontinental Bank Plc (Nigeria) Depfa Bank Plc Intermarket Banking (Nigeria) Deutsche Postbank AG Investment Banking & Trust Dexia Bank Belgium London Branch Investrust Bank (Zambia) DNB ASA (Norway) Investec (South Africa) Euromoney (UK) LEFISA Ventures (Lesotho) EuroNBank (Greece) National Bank (Malawi) Eximbank (Romania) National Commercial Bank (Saudi Fortis Bank (Netherlands) Arabia) Habib Allied International Bank National Investment Bank (Ghana) Habib Bank (Switzerland) Nedbank (South Africa) Harrods Bank Ltd Nigeria Capital Market Institute Hrvatska Postanska (Hungary) Omnifinance (Cote D'Ivoire) HSBC (UK) Press Trust (Malawi) HSBC Bank Plc Prudent Bank (Nigeria) HVB Bank (Czech Republic) RawBank (Congo) ICAEW (UK) Rokel Commercial (Sierra Leone) ICICI Bank (India) Sierra Leone Commerce Bank IG Group Holdings Plc Standard Corp. & Merchant Bank Im Bank (Russia) Trust Bank (Ghana) ING Direct (UK) Ltd UBA (Nigeria) ING Group (Netherlands) UBA Capital (London) International Development (Eire) Union Bank (Cameroon) International Moscow Bank (UK) Zenith Bank (Nigeria) Investec Private Bank (UK) JP Morgan Chase (UK) JP Morgan Europe Limited Alfa Bank (Ukraine) Kredietbank (Luxembourg) Bank TuranAlem (Kazakhstan) Laiki Bank (Cyprus) Banking institute of Armenia Landsbanki (Iceland) Central Bank of Armenia Lloyds Banking Group Eurasian Bank (Kazakhstan) MIS Gazprombank MKB Bank (Hungary) Halyk Bank National Australia Bank Ltd HSBC (Armenia) Natixis Im Bank (Russia) Nederlandse Waterschapsbank (Netherlands) PASHA Bank Nomura Bank International Plc Prometey Bank (Armenia) Nordea (Finland) Raiffeisen Bank (Russia) Nordic Investment Bank (Norway) Transkredit PWC (Romania) Troika Dialog (Russia) PWC (UK) Rabobank (Netherlands) Raiffeissen Zentralbank (Austria) Royal Bank of Scotland (UK) Russian Commercial Bank (Cyprus) ABN-AMRO Bouwfonds Samba Financial Group (Netherlands) Sampo Plc ACCA (UK) Chartered Institute for Securities AccBank (Ireland) and Investment (UK) Alpha Bank London Ltd Santander Bank Association of Cyprus Commercial Société Générale Banks Standard Chartered Bank (UK) Banco de Sabadell Swedbank (Sweden) Banco Santander Totta

Africa

Russia & CIS

UK & Ireland /Europe

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The Bank of Tokyo Mitsubishi UFJ Ltd The Royal Bank of Scotland Plc Total Solutions (Netherlands, Dubai) Unisys (UK) Yorkshire Building Society

Middle East Abu Dhabi Audit Authority Abu Dhabi Centre for Corporate Governance Abu Dhabi Investment Authority Al Rajhi Bank (Saudi Arabia) Al-Ahli Bank (Kuwait) Al-Mashreq Bank (Dubai) Al-Mujaz (Saudi Arabia) Arab Banking Corporation Arab National Bank (Saudi Arabia) Bahrain Institute of Banking and Finance Bank Audi Banque Saradar (Lebanon) Banque Saudi Fransi (Saudi Arabia) Byblos Bank (Lebanon) Commercial Bank of Kuwait Commercial International Bank (Egypt) EFG-Hermes Fund Management Engro Polymer & Chemicals Limited Enhance (Dubai) Finance Al Ain International Group Finance Gulf Takaful Insurance Co Financial Control Guaranty Trust Assurance First Gulf Bank (Dubai) Fleming Gulf (Dubai) Fransabank (Lebanon) Global Investment Bank (Kuwait) Institute of Banking Studies (Jordan) Institute of Banking Studies (Kuwait) Investments Emirates Int’l Investment Co Islamic Development Bank (Jeddah) Israel Discount Bank Ltd National Bank of Abu Dhabi National Bank of Kuwait National Commercial Bank (Kuwait) Red Money Riyad Bank (Saudi Arabia) R Raphael & Sons Plc Samba Financial Group Saudi Arabian Monetary Agency Schroder & Co Ltd TD Securities The Co-operative Bank Plc Total Solutions Wells Fargo Bank NA Winterflood Securities Ltd

Asia ABN-AMRO (Hong Kong, Singapore) Banco Nacional Ultramarino (China) Bank Negara (Malaysia) Bank of Baroda (India) Bank of China Bank Negara Indonesia (Persero) Bank TuranAlem (Kazakhstan) Barclays Private Banking (Hong Kong) Canara Bank DFCC (Sri Lanka) Dhaka Bank Ltd (Bangladesh) Dutch Bangla Bank (Bangladesh) Ethan Hathaway (Hong Kong) ICBC (Hong Kong China) L B Finance Ltd (Sri Lanka) Mercantile Bank Ltd (Bangladesh) Mitsubishi UFJ Securities International Plc Monetary Authority (Hong Kong) Monetary Authority (Singapore)

National Development Bank (Sri Lanka) Norinchukin Bank (Japan) Orient Financial Services (Sri Lanka) Oriental Bank of Commerce (India) Overseas Chinese Banking Premier Bank (Bangladesh) PT Bank BNI (Persero) RedMoney (Malaysia) State Bank of Bikaner & Jaipur (India) Swiss Reinsurance (Hong Kong) TBK (Singapore) Whitestone (Singapore)

Americas Bank Hapoalim Bank Leumi USA Bank of America Bank of Utah Bank Plus Bank United Board of Governors BRD Groupe Societe Generale Capital One Central Bank of Brazil Central Bank of Mexico Chapman Consulting Chicago Bridge & Iron Co Citizen's Bank Comerica Inc Depository Trust & Clearing Corp Deutsche Bank AG DNB Bank ASA Enbridge Inc EmblemHealth Evans Bank NA E*TRADE Financial Corp Federal Home Loan Bank (New York) Federal Reserve Bank of Dallas Federal Reserve Bank of New York Fidelity Management Research First Citizen's Bank First Niagara Bank First Republic Bank FRB of New York Freddie Mac General Motors Glens Falls National Bank & Trust Co Iberia Bank ING Group Intesa SanPaolo Intrepid Potash Inc Johnson Financial Group JSC Liberty Bank Lance Inc Lakeland Bank Legg Mason & Co L. Thurston Accounting & Advisory MIS Mitsubishi UFJ Trust & Banking Mizuho Corporate Bank Morgan Stanley Mutual of Omaha New York Community Bank Northern Trust Oppenheimer Funds Petroleos Mexicanos Protiviti Provident Bank Rabobank Resource Bank Ridgewood Savings Bank Signature Bank State Street Sterling Savings Bank Svenska Handelsbanken (New York) TD Bank Valley National Bank

Financial Crime Services Risk Reward offers a wide range of services specially tailored to meet the needs of anti financial crime functions operating in the financial services industry around the globe. Our aim is to work with clients to make this critical control function truly “best in class”. Financial Crime, Money Laundering and Deterrence Services

Professional Services Aligned to Your Needs

All institutions are trying to maintain their reputation and reduce unnecessary losses. Money launderers target financial institutions to disguise the source of their funds. When an institution is found to have unwittingly supported a money launderer they suffer financial and reputational loss, apart from the potential for regulatory action.

It is important to recognise the “all crimes” element and not just focus on the application of procedures to identify, detect and report suspicions of drug trafficking, for example. Money laundering is much more than that and in the UK in particular has been extended to address the reporting and monitoring of the proceeds of all criminal activity wherever committed (with minor exceptions). Risk Reward financial crime experts can assist you in a range of ways from deciding upon the systems that you wish to employ to actually conducting detailed investigations.

It is important for all firms to do what could reasonably be expected of them to both identify and deter all financial crime. To assist firms in this area, Risk Reward Limited offers a range of highly professional, completely independent, discrete and confidential financial crime deterrent services.

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Bribery Counter-terrorist Financing Compliance Data Systems and Data Mining Due Diligence Fraud Internal Investigations National Strategic PEP’s (Politically Exposed Persons) Regional and Global Frameworks and Implementation Reporting Rogue Trading & Insider Dealing Suspicious Activities Whistleblowers

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Advisory Services

Regulators and Government Agencies Specialised AML/CFT and Financial Crime Services to Government Agencies, Regulatory Authorities, Financial Intelligence Unit: n n

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Prepare for a visit and respond to IMF/FATF/World Bank Assessment or Mutual Evaluation peer review from FSRB Work with government institutions, national coordination committee or private sector representative to address strategic deficiencies in AML/CFT framework and build up an action plan to work towards full compliance with the international standards Conduct independent forensic investigation of fraud, money laundering, corruption or alleged breach of regulation for regulators Review of AML/CFT measures in banks and financial institutions on behalf of regulators Provide independent review of a complaint about financial institutions or regulatory authority Develop comprehensive AML/CFT on-site and off-site inspection manual for regulators and FIUs Develop national AML/CFT strategy with detailed action plan addressing the vulnerabilities and a matrix of shared responsibilities to implement the strategy successfully Develop a comprehensive AML/CFT investigation manual for use by lawenforcement and prosecutors to ensure successful investigation. Work with regulators and FIUs to develop sector specific guidance and specialised area guidance for financial institution and DNFBP (Designated Non-Financial Businesses and Professions). Guidance on MLRO, PEP, Transfer, Risk-based approach and appropriate policies, procedures and controls to comply with AML/CFT legislation Develop methodologies to collect, collate, analyse, review and interpret large volume of financial and non-financial information to help to identify jurisdictional, product-related, service-related and client related risks.

Banks, Insurers and Financial Institutions Expertise, practical experience and know-how, combined with service excellence, rapid response and good value for money n

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Carrying out Financial Crime Risk Assessments, advising on systems and controls to manage or counter these risks and drawing up Action Plans to implement the required systems and controls Developing risk-based policies and structures by working with Senior Management to decide upon the objectives and definitions appropriate for the in the area of money laundering deterrence and other financial crime The implementation of reporting investigation policies and procedures The implementation of money laundering and financial crime deterrence awareness and/or training programmes Fast-tracking advisory services for responses to post-regulatory ‘red letters’ and practical solutions required to demonstrate to the regulator that your organisation is taking advise to rectify the caution Auditing or risk reviewing clients’ anti-financial crime systems and controls, presenting reports to Audit Committee and/or the Board as appropriate Making presentations to Boards and/or Senior Management on the UK (or other jurisdiction) anti-financial crime regime and latest developments Software selection and implementation and the extent to which they are likely to identify the suspicious transactions whilst avoiding false positives Assisting with the implementation and testing of new software, including where appropriate the design of new scenarios and methodologies that leverage from the existing solutions The investigation of specific cases of potential money laundering, fraud or other financial crime, primarily to identify additional controls that could be implemented Undertaking specific bespoke reviews of a firm’s compliance with UK and International Sanctions requirements Specific Induction and Advanced training for Money Laundering Reporting Officers (MLRO) and Nominated Officers (NO) Undertaking S166 ‘Skilled Person’ reports for FSA authorised firms Provide forensic review/audit of financial crime system for Senior Management and Audit Committee.

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Training Services Risk Reward is one of the leading providers of top quality financial crime training in the world. We have successfully provided financial services training to more than 500 institutions including banks, insurance companies, central banks, external audit firms and national regulators.

Adding value to your business We add value to all of our training projects from the first instance by offering a host of complimentary services such as:

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We have a vast library of courses covering almost every aspect of financial services. Each course is customized to the specific needs of our clients. We are ready to travel anywhere in the world to deliver training or, alternatively, we can host clients at our excellent training facilities in the heart of London.

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There are no restrictions to group size other than cost. We have expert trainers who have the specialist skills to deliver knowledge transfer in a variety of nontraditional formats, including 1:1 for senior management and Board level executives or to hundreds of delegates over more than one day. In addition we also provide e-learnng and assesments for regulators.

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Conference calls with you to determine your business goals and preferred training formats Account Manager to offer you full support and advice and to ensure that all your requirements are met efficiently Professional, friendly and prompt response to your enquiries Customised course outlines and course materials to meet with your organisation’s or department’s specific needs Questionnaires created with your teams to determine delegates levels and depth of subject knowledge pre-training Evaluation forms prepared for delegates posttraining Post-training diagnostic, analytical and reporting services and conference calls Complimentary email Question & Answer services to the trainer from the delegates for 3 months

If you do not find the course you are looking for, please visit www.riskrewardlimited.com or contact Laura Luque Nadal at [email protected] or telephone +44 (0)20 7638 5558.

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Accredited Training Courses

Association of Certified AntiMoney Laundering Specialists® (ACAMS) Risk Reward is delighted to be able to offer training services for the Association of Certified Anti-Money Laundering Specialists® (ACAMS) to deliver a series of training courses in preparation of the CAMS examination to appropriate Anti-Money Laundering Professionals. This credential is the most respected certification in the industry and is recognized worldwide by employers in both private industry and government. The 3-day course is designed to advance the professional knowledge, skills and experience of those dedicated to the detection and prevention of money laundering around the world, promote the development and implementation of sound anti-money laundering policies and procedures and prepare eligible candidates to sit the CAMS examination. The course will cover: n n n n

Risk and methods of money laundering and terrorist financing Compliance standards for anti-money laundering and combating the financing of terrorism Anti-Money Laundering compliance programmes Conducting or supporting the investigation process

The course is suitable for: n n n n n n n n n n n n

Anti-Money Laundering Officers (MLROs) Financial Crime Managers Compliance Officers Government Regulators The mission of Law Enforcement/ Intelligence ACAMS is to advance the Agents professional knowledge, skills and experience Internal & External Auditors of those dedicated to the detection and prevention of Intelligence Officers money laundering around the world and to promote the Risk Management Specialists development and implementation of sound anti-money Attorneys and Certified Public laundering policies and procedures. Accountants The price per delegate is £2495.00 for the 3-day Investment Advisors programme (+VAT for UK courses).If you decide Real Estate Compliance Specialists to send more than 2 delegates Consultants from one company you will receive a 15% discount per person. ining. Please remember to budget use tras o h in with contact u $1500 for materials and Please tails. exam fee. r de

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For more information about ACAMS training courses please contact us at [email protected] or telephone +44 (0) 20 7638 5558. For details on the ACAMS qualification please visit www.acams.org

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Accredited Training Courses

2013 Global Public Course dates – ACAMS London Feb 25-27 Abuja Jan 7-9 Accra Mar 11-13 Addis Ababa Mar 4-6 Amsterdam Feb 11-13 Athens Feb 18-20 Barcelona Jan 21-23 Belgrade Mar 4-6 Bratislava Feb 18-20 Brussels Mar 18-20 Bucharest Mar 4-6 Cairo Feb 7-9 Casablanca Feb 4-6 Copenhagen Mar 4-6 Daker Jan 28-30 Dar es Salaam Feb 11-13 Dubai Feb 10-12 Frankfurt Jan 15-17 Geneva Feb 6-8 Istanbul Mar 18-20 Johannesburg Feb 18-20 Lagos Feb 10-12 Lisbon Jan 14-16 Luxemburg Jan 8-9 Madrid Feb 11-13 Maputo Mar 12-14 Milan Mar 12-14 Paris Jan 22-24 Port Louis Feb 19-21 Pristina Mar 18-20 Nairobi Jan 21-23 Rome Feb 19-21 Sophia Jan 14-16 Stockholm Feb 4-6 Tirana Jan 28-30 Tunis Feb 19-21 Valetta Mar 11-13 Vienna Jan 21-23 Warsaw Mar 11-13 Zagreb Mar 11-13 Zurich Mar 5-7

Jun 17-19 Apr 8-10 Apr 15-17 May 7-9 Apr 22-24 May 13-15 May 13-15 Apr 15-17 Jun 10-12 Apr 8-10 Jun 17-19 Apr 21-23 Apr 22-24 Apr 16-18 Jun 10-12 Jun 17-19 May 27-29 Jun 3-5 Jun 10-12 Jun 11-13 Apr 22-24 May 27-29 Apr 30-May 2 Apr 15-17 Jun 10-12 Jun 11-13 May 20-22 Jun 17-19 Apr 16-18 May 14-16 Jun 17-19 May 7-9 Jun 24-26 Apr 22-24 May 20-22 Apr 16-18 May 13-15 Apr 15-17 Jun 10-12 Jun 3-5 Jun 4-6

Sep 16-18 Aug 12-14 Aug 19-21 Aug 26-28 Jul 1-3 Aug 19-21 Aug 26-29 Sep 9-11 Aug 12-14 Jul 2-4 Aug 26-28 Aug 31-Sept 2 Sep 9-11 Aug 12-14 Sep 16-18 Sep 23-25 Sep 22-24 Aug 26-28 Jul 1-3 Jul 1-3 Aug 12-14 Sep 22-24 Sep 2-4 Sep 9-11 Jul 2-4 Jul 3-5 Sep 10-12 Sep 17-19 Sep 9-11 Sep 16-18 Jul 1-3 Sep 23-25 Jul 1-3 Sep 24-26 Sep 9-11 Sep 9-11 Jul 3-5 Sep 9-11 Sep 23-25 Jul 1-3 Aug 28-30

Nov 11-14 Oct 22-24 Oct 7-9 Oct 14-16 Oct 1-3 Oct 7-9 Nov 18-20 Nov 25-27 Oct 7-9 Oct 21-23 Nov 4-6 Nov 18-20 Oct 28-30 Nov 11-13 Nov 4-6 Nov 11-13 Nov 10-12 Nov 4-6 Nov 25-27 Nov 12-14 Nov 5-7 Nov 10-12 Oct 7-9 Oct 14-16 Oct 21-23 Dec 3-5 Nov 5-7 Nov 12-14 Dec 10-12 Nov 18-20 Nov 6-8 Oct 8-10 Nov 25-27 Dec 2-4 Nov 5-7 Dec 10-12 Nov 25-27 Oct 7-9 Nov 18-20 Oct 21-23 Oct 15-17

Alternative dates and locations are available. Please contact us for further information. For more information about ACAMS training courses please contact us at [email protected] or telephone +44 (0) 20 7638 5558. For details on the ACAMS qualification please visit www.acams.org

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Accredited Training Courses

Chartered Institute for Securities & Investment (CISI) The CISI is the UK’s largest and most widely respected professional body for the Securities and Investment industry. CISI Certificates are included in the UK’s Financial Services Skills Council’s list of Appropriate Examinations and are recognised for all major activities. Formed in 1992 by London Stock Exchange practitioners, the CISI now has more than 40,000 members in 89 countries. In the past year, almost 40,000 examinations were sat in 49 countries, covering a range of vocational qualifications. More and more regulators, banks, stock exchanges, and brokerage houses are increasingly seeking to respond to stresses and pressures to maintain high levels of professionalism, integrity and competence especially when interacting with retail consumers. Training to internationally recognised and respected standards is among those responses, whether seasoned professionals, recent market entrants or new graduates. Risk Reward has been delivering successful training solutions to CISI certificates in the UK/Europe, Africa and the Middle East since 2009. Known for our high-quality, 20+ years industry For Public Courses all prices include CISI experienced trainers, our training courses focus on Registration and Study Guides/e-Learning learning, comprehension and application to roles, jobs and Mock Exam access. Assessments are either functions currently in demand in the real-world. computer-based testing in designated centres worldwide or written papers (Diplomas). Inhouse training is also an efficient and 2013 Public Courses significantly cost-effective means to ‘qualify’ Combating Financial Crime an entire department, team or cross-border group function within your organisation. This 4-day programme is delivered globally by major institution financial crime professionals and will cover: Global Financial Compliance n The Background and Nature of Financial Crime This 4 day programme is delivered by major n Combating Financial Crime institution compliance professionals and will cover: n Predicate Offences n The international regulatory environment n Money Laundering n The compliance function n Terrorist Financing n Managing the risk of financial crime n Corruption n Ethics, integrity and fairness n Bribery n Governance, risk management and compliance n The Role of the Private Sector London Sept 4-6 Nov 19-21 London Sept 24-26 Dec 3-5 Budapest Aug 20-22 Nov 19-21 Budapest July 23-25 Oct 15-16 Istanbul July 9-11 Nov 12-14 Istanbul June 11-13 Oct 8-10 Singapore Jun 25-27 Oct 1-3 Singapore August 20-22 Nov 26-28 The courses are also available in other locations and dates.

For more information about training to CISI qualifications, certificates and Diplomas, or to book or ask for an in-house option, please contact us at [email protected] or telephone +44 (0)20 7638 5558.

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e-Learning

Tailored compliance and regulatory e-Learning that reflects your exposures and your business needs in any jurisdiction What is e-Learning? “e-Learning refers to the use of electronic technologies to deliver, facilitate and enhance both formal and informal learning and knowledge sharing at any time, any place and at any pace. Such tools include the Computer, Internet and their applications including CD-ROM, E-mail, Web sites, and multimedia.”. (World Bank) How we can help you? Risk Reward has used its unrivalled knowledge of financial crime prevention in combination with proven and effective learning design technology to offer an engaging e-Learning experience. The key to effective training is relevance. Risk Reward works closely with its clients to ensure that the content of the training is relevant to the actual business activity of the learner. The content therefore covers the learner’s individual obligations, whilst putting them in the wider context of the business’ specific financial crime vulnerabilities. The e-Learning portal is a web-based, fully hosted, scalable solution. All training can be accessed via the internet without the need for the installation of any software. The homepage can be customised to include your branding.

Why choose our financial crime e-Learning? n n n n n n n n n

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Tailored training courses Unrivalled subject matter expertise Jurisdiction and sector specific training Management information handled by experts Courses feature case studies relevant to specific staff groups within your industry sector Full reporting suite Refresher delivery option available Competitively priced Available in your language

Management Information to Manage Risk The e-Learning’s sophisticated reporting and tracking engine does more than just ensure that you ‘tick the regulatory box’. It allows detailed analysis of the answer given by your staff during assessments so that you get real management information enabling you to make proper risk management decisions. Our client support team takes the stress out of monitoring. We will provide you complete learner reports, notifying you of those who have not successfully passed or not attempted courses, and reminding your staff where they need to complete a course.

Customer Excellence and Value for Money Risk Reward is known for its high quality deliverables, customer service excellence and good value for money. Our e-Learning suite of courses, while completely customised for each organisation and jurisdiction, is very competitive. This is because all of the components of these e-learning courses are owned 100% vertically: content; expertise to tailor the content; authoring and development tools to tailor the training to your procedures and exposures and the delivery.

e-Learning Courses

Financial Crime Our e-Learning AML suite of courses, which are completely customised for each organisation and jurisdiction, is very competitive. This is because all of the components of these e-learning courses are owned 100% vertically: content; expertise to tailor the content; authoring and development tools to tailor the training to your procedures and exposures and the delivery.The e-Learning portal is a webbased, fully hosted, scalable solution. All training can be accessed via the internet without the need for the installation of any software. The homepage can be customised to include your branding.

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e-Learning AML Modules

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AML/CTF for Accountants AML/CTF for Asset and Wealth Management AML/CTF for Bank Staff AML/CTF for Card Services AML/CTF for Clearing AML/CTF for Corporate Finance AML/CTF for Correspondent Banking AML/CTF for Financial Services AML/CTF for Foreign Exchange Companies AML/CTF for Front Office AML/CTF for Frontline Staff AML/CTF for Fund Administration AML/CTF for Fund Management AML/CTF for Gaming Companies AML/CTF for High Value Dealers AML/CTF for Independent Financial Advisers AML/CTF for the Insurance Sector AML/CTF for Investment Banking AML/CTF for Investment Firms AML/CTF for Legal MLROs AML/CTF for Management AML/CTF for Money Service Businesses AML/CTF for Mortgage Providers AML/CTF for Operational Services AML/CTF for Private Banking AML/CTF for Retail Banking

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AML/CTF for Stockbroking AML/CTF for Trade Finance AML/CTF for Trust and Company Business AML/CTF for Venture Capitalists AML/CTF for Wealth Management AML/CTF Obligations for Non-Executive Directors AML/CTF Risks and Due Diligence Course Anti Bribery and Corruption Training Anti Bribery and Corruption Training for Higher Anti Fraud, Bribery and Corruption Training Corporate Governance for Senior Management Cross Border Activities Regulatory Training Data Protection and Information Security Data Transfer (Information Security) Financial Crime Awareness Training for Support Staff Financial Crime Awareness Training for Trusts Financial Crime Training Fraud Awareness & Prevention FSA Compliant Business Gaming Law and Licensing Requirements Information Classification Course Information Security Course Introduction to Regulation Course Managing Conflict Risks Course Market Abuse Course Remote Working (information security) Responsible Gaming Senior Management Obligations Treating Customers Fairly Treating Customers Fairly and Complaint

Risk Management Risk Management and Derivatives Profession e-Learning modules have been researched and developed independently and designed to enhance your professional skills. Modules can be purchased from a wide range of topics. Key highlights: • Courses can be completed in your own time and pace to fit in with your work • Work can be saved enabling you to stop and continue when ready • The system tracks your progress to help you understand your learning development • Complete interactive exercises throughout the courses and finish with a test • When completed successfully, you will receive a certificate and CPD points which will demonstrate your career development and achievements

e-Learning Modules for Banks and Financial Institutions Regulation and Compliance

£49 each

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Approved Persons Bribery & Corruption Capital Adequacy Regulations Combating Money Laundering & Terrorist Financing ERC005 Conduct of Business: Client Relationships ERC006 Conflicts of Interest ERC007 Data Protection Act ERC008 Fraud & Market Abuse ERC009 Information Security ERC010 Markets in Financial Instruments Directive (MiFID) ERC0011 Treating Customers Fairly (TCF)

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In-house Training Courses Risk Reward has been undertaking financial crime training, both in-house and public courses, for many years focusing on the following areas: 2013 Financial Crime Courses Anti-Bribery and Corruption Controls

FC001

Fraud Workshop

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Anti-Money Laundering

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CISI Global Financial Compliance

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Anti-Money Laundering Briefing for Legal Professionals

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International Sanctions and Counter Proliferation

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Anti Money Laundering and Counterfeit Currency

Market Abuse

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Market Abuse and Insider Dealing

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Anti-Money Laundering for Private Banking and Wealth Management FC004

Money Laundering, Deterrence and Know Your Customers Controls and Compliance

Anti-Money Laundering and Terrorist Financing

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Auditing Financial Crime Regimes

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Money Laundering and Financial Crime Deterrence

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Bribery Act 2010 (UK)

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OFAC Sanctions

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Bribery and Corruption

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Practical Workshop in Regulation and Compliance

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ACAMS Certified Anti-Money Laundering

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CISI Combating Financial Crime

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Preparing for Dawn Raids and Regulatory Reviews

FC018

Counter Terrorist Financing

FC032

Data Protection

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Preventing, Detecting and Investigating Financial Crime

FC019

FATF

FC009

Risk-Based Anti-Money Laundering for NOs and MLROs

FC022

Fraud Awareness for Banking Supervisors and Regulators

Risk Management of Financial Crime

FC020

FC025

Fraud for Bank Internal Auditors

FC010

BNK030

Risk Management of International Sanctions Breaches FC021

Fraud Detection, Prevention and Resolution FC016

Treating Your Customer Fairly

FC030

Fraud and Forensic Investigation

FC031

Fraud Risk Management

FC024

Understanding Money Laundering Deterrence

FC023

We deliver training to banks, regulators and insurers across the world via trusted and reputable affiliates including government training centres, training companies and directly on an in-house basis.

If you do not find the course you are looking for, please visit www.riskrewardlimited.com or contact Laura Luque Nadal at [email protected] or telephone +44 (0)20 7638 5558.

12

Financial Crime Academy The Financial Crime Academy: Executive Summary

FRAUD

Why now?

BRIBERY & CORRUPTION

Financial crime is getting worse. The players are changing as is the scale and global footprint. Changing technology affords both successful business solutions and business destroying cyber threats.

MONEY LAUNDERING TERRORIST FINANCING & SANCTIONS MARKET ABUSE & INSIDER TRADING ROGUE TRADING

Anti-money laundering, fraud, rogue trading and insider dealing are wreaking havoc with banks and financial institutions, corporations, the careers of their senior management and share prices. Our experts know about the challenges our clients and others face which appear in the headlines of the financial papers worldwide daily. They also know there is even greater demand now for an ethics based multidisciplinary AML, ABC, fraud, CFT, olicing/investigations programme as both private and public sector training budgets are being cut and government training centres dissolved. New approaches and learning technology are needed to raise management and staff awareness and teach practical skills and techniques to combat financial crime. Money Laundering Reporting Officers, Heads of Compliance and annual e-learning modules for general staff are challenged to deliver the needs of forwardthinking banks and other financial institutions to indentify, mitigate and risk manage financial crime. There is never a more urgent time than the continuing global financial crisis to fill the gaps in training to professional qualifications towards ethical international financial crime prevention, detection, investigation and deterrence in the banking and financial services sectors.

Who is it for?

REPORTING REPORTING

COMPLIANCE

ENFORCEMENT

The Academy is designed to ensure vital and relevant learning takes place ‘from the doorman to the Chairman’ within a commercial organisation as well as talent development within the professional services and law enforcement sectors. DETECTION

MONITORING

DETERRENCE

PREVENTION

Financial crime is a major global topic, with criminals employing ever more sophisticated techniques to evade the security measures implemented at national level and ultimately cost the economy substantial amounts of money, both in terms of lost revenue and GDP as well as the costs of tracking and prosecuting offenders. With bold public statements in combating financial crime being made in the regional media, financial crime compliance has never been as important to the security and defence sector as it is today.

the banking and financial services sector, regulators, legal, accountancy and law enforcement professionals, specialist consultants, journalists and software and technology firms in any legal jurisdiction, worldwide.

Public sector training academies worldwide can participate in and/or partner with the City of London Financial Crime Academy to add accredited training to qualifications programmes as part of their own academies adapted to their jurisdictions.

Core Curriculum and Specialist Learning Pathways

The City of London Financial Crime Academy has been designed by practitioners, professional bodies and regulators to ensure various levels of training and competency can be demonstrated and tested (and reported) by the relevant regulators. The Financial Crime Academy therefore is credible to issue its own completion certificates and within them internationally recognised professional qualifications. Currently there are four main Learning Pathways: n n n n

Essentials of Financial Crime Financial Crime Professional Financial Crime Specialist Financial Crime Expert

Each Learning Pathway is designed to allow for various Job Roles/Levels in three main career tracks: n Regulation and Compliance n Risk Management, Audit and Control n Enforcement

Partnerships for Growth Partnering to your existing financial crime training unit is a unique feature of the City of London Financial Crime Academy. By design, a natural partnership model would compliment an existing Financial Intelligence Unit within a Central Bank, or a National or Municipal Police Training Academy, or that of a regional/national Banking Institute, Bank Trade Association, Business Association or a multinational / regional / single commercial bank or insurer.

The City of London Financial Crime Academy is designed for learning by all levels and job roles within

For more information please visit www.riskrewardlimited.com email: [email protected] or telephone +44 (0) 20 7638 5558.

13

Notes

14

DENNIS COX

AN INTRODUCTION TO

MONEY LAUNDERING DETERRENCE

M

oney laundering deterrence and terrorist financing are two of the largest problems faced by financial institutions today. Anti-money laundering regulations oblige firms to put in place certain controls to prevent and detect money laundering and to report any suspicious activity they come across. As money launderers have resorted to ever more sophisticated ways of disguising the source of their funds, so the employees of financial institutions have to be ever more aware of what they are dealing with, and how they should deal with it.

An Introduction to Money Laundering Deterrence provides the reader with sufficient information to enable them to understand the main issues that relate to money laundering deterrence and terrorist financing. Since money laundering is, by its nature, a global issue, there exist global standards upon which all local legislation is based and it is these universal standards which are dealt with here. The key terms and associated risks are explained and a broad overview of the regulatory framework is given, to supply employees with the basic information that they need to be an effective part of the global attempt to identify and prosecute those involved in money laundering or terrorist financing.

Dennis Cox is CEO of Risk Reward Limited, a strategy and risk consultancy for the financial services industry, as well as being a director of a number of other companies. He was formerly Director, Risk Management at HSBC Operational Risk Consultancy and Global Risk Director at Prudential Portfolio Managers Limited, having spent twelve years in practice with Arthur Young and BDO Binder Hamlyn.

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