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Programme in the Detection and Investigation of Money Laundering and Terrorist Financing
Brief Description

This practically-orientated Programme was developed, in conjunction with SABRIC and a number of the major banking institutions in South Africa, in order to satisfy the need of delegates who have already completed the UP/Enterprises Course in the Detection and Investigation of Money laundering to hone their investigative skills as far as money laundering and terrorist- financing are concerned.

The Programme is primarily developed to assist practitioners in the financial sector to identify certain red flags and to then conduct investigations in order to confirm these suspicions. Upon completion of the Programme the delegates should not only be able to meaningfully convey their findings to management in order for them to make an informed decision as to how to deal with the matter further, but may also assist law enforcement in securing the relevant information and to pro-actively gather information which may subsequently be relied on in civil or criminal proceedings.

The Course content will be presented face -to-face by knowledgeable experts in the field.
Learning Outcomes

After successfully completing the Programme delegates will be able to-

o       Identify the red flags indicative of some of the more common fraudulent or corrupt schemes;

o       Conduct investigations within the organisation, whilst cognisant of the interest of other role-players;

o       Know what information to obtain and how to obtain it is a legally correct manner;

o       Understand the role of others in the process and how parties can work together to achieve a common goal;

o       Write a meaningful report upon which others may confidently act on.
Course Content

WEEK 1- ADVANCED INVESTIGATION

  • Pre-suspicion procedures/issues– what red flags may alert us and how do we respond
  • Post-suspicion procedures/issues-  how do we respond after our initial suspicions had been confirmed. This will include:
    • investigative methodology/ protocols to follow when red flag(s) detected.
    •  Dealing with of relationship managers.
    • “Freezing” of accounts.
    • Securing evidence
    • Effectively liaising with other financial institutions, the regulators and law enforcement within the legal parameters
  • Proper planning of an investigation
  • Interviewing – what to ask/what to do/not to do/the importance of proper interviewing without alienating the client
  • Using Open Source Internet Searches OSINT
  • Finding the Ultimate Beneficial Owner and the misuse of corporate vehicles.
  • Financial Statement Analysis

 

WEEK 2 - INVESTIGATION OF CAPITA SELECTA OF MONEY LAUNDERING/ TERRO-FINANCING SCHEMES

  • Practical Case Studies dealing with the investigation of inter alia:
    • Trade- based Money Laundering
    • Virtual currencies
    • Precious Metals
    • Illegal Wildlife Trafficking
    • Ponzi schemes
    • Corruption and procurement fraud.

     

  • What information to obtain, how to obtain it and how to analyse it.
  • Practical Issues regarding terrorist financing & proliferation financing.
  • Report writing skills.

  
Entry Requirements

Successful completion of the Course in the Detection & Investigation of Money Laundering (University of Pretoria) or a similar course at other institutions, including ACAMS.

Or

One-year practical experience in the AML/CTF environment and/or the investigation of Financial Crime.

The Programme will not focus on compliance issues and therefore delegates should have a basic understanding of the current local and international legal milieu. (eg FICA/POCA/POCDATARA/FATF Recommendations) before enrolling for the course
Course Number:
P007968
Catalogue and Category:
Financial Management and Taxation
Who Should attend:

The Programme is specifically aimed at financial institutions, but any delegate attached to any other accountable institution, or members of law enforcement/regulatory agencies will benefit from attending the Programme.
Delivery Mode:
Contact Sessions
Contact Days:
10

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