Understanding The Law Of Economic And Financial Crime Management

At the end of this training programme, participants will be able to:

•          Understand the exposure and consequences of economic and financial crime
•          Identify the main types of financial crime and their characteristics
•          Describe the key – and evolving - legislation to counter economic and financial crime and the penalties for non-compliance
•          Explain  the regulatory priority given to  economic and financial crime and  expectation from firms and individuals
•          Describe the roles of the main agencies in combating economic and financial crime
•          Recognize suspicious transactions
•          Outline the key but proportionate anti-financial crime controls that a firm should have in place
•          The role of EFCC, ICPC and CCB
•          Laws governing operations of agencies involved in the fight against financial crimes

• The nature of the law on  economic and financial crime management
• Money laundering
• Fraud and market manipulation
• The development of the criminal law of fraud
• The economic and historical context of the law on abusive practices
• Insider dealing and market abuse
• Market manipulation offences
• Challenging complacency: organizations exposure and the financial and reputational impact

•          The role of EFCC, ICPC and CCB
•          Laws governing operations of agencies involved in the fight against financial crimes

• The agencies and particular industry initiatives
• Roles of industry regulation
• Identifying and reporting suspicious transactions and indicators, including Politically Exposed Persons
• Following risk-based procedures: deterrence, prevention and detection

FOR WHOM:

Legal Officers and others who perform related functions

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.