Cyber Risk And Financial Crime Prevention Training Course

Introduction

In an increasingly interconnected world, financial institutions face unprecedented threats from cyberattacks and financial crimes. This Cyber Risk and Financial Crime Prevention Training Course provides essential knowledge and skills to combat these evolving challenges. Participants will gain expertise in AML/CFT, learn to detect and prevent digital fraud, and understand the fundamentals of cybersecurity in the financial sector. This course equips professionals with the tools necessary to protect their organizations, maintain regulatory compliance, and safeguard their customers' assets. Our financial crime training offers comprehensive strategies for navigating the complex landscape of digital threats and ensuring the security of financial systems.

This Cyber Risk and Financial Crime Prevention training course addresses the growing convergence of cyber threats and financial crimes, emphasizing the importance of robust AML/CFT frameworks, proactive measures against digital fraud, and the implementation of strong cybersecurity defenses. Participants will explore real-world case studies, learn to identify vulnerabilities, and develop effective risk mitigation strategies. The course covers the latest trends in cybercrime, including ransomware attacks, phishing scams, and data breaches, and their impact on financial institutions.

Target Audience:

• Compliance Officers
• Risk Managers
• Security Analysts
• Fraud Investigators
• IT Professionals
• Internal Auditors
• Legal Professionals

Course Objectives:

• Understand cyber risk.
• Implement AML/CFT
• Detect digital fraud.
• Apply cybersecurity
• Identify financial crime indicators.
• Develop incident response plans.
• Ensure regulatory compliance.
• Utilize technology for crime prevention.

Duration

5 Days

Course content

Module 1: Introduction to Cyber Risk

• Understanding cyber risk.
• Defining cyber risk and its impact on financial institutions.
• Exploring the relationship between cybersecurity and financial crime.
• Identifying common cyber threats (e.g., malware, phishing, ransomware).
• Understanding the evolving cyber threat landscape.

Module 2: Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT)

• Implementing AML/CFT
• Understanding the fundamentals of AML/CFT.
• Identifying money laundering and terrorist financing typologies.
• Implementing customer due diligence (CDD) and know your customer (KYC) procedures.
• Complying with international AML/CFT standards (e.g., FATF recommendations).

Module 3: Digital Fraud Detection and Prevention

• Detecting digital fraud.
• Understanding the nature of digital fraud.
• Identifying different types of digital fraud (e.g., identity theft, account takeover, e-commerce fraud).
• Implementing fraud detection techniques (e.g., anomaly detection, behavioral analysis).
• Developing fraud prevention strategies.

Module 4: Cybersecurity Fundamentals

• Applying cybersecurity
• Understanding core cybersecurity
• Implementing network security measures (e.g., firewalls, intrusion detection systems).
• Ensuring data protection and privacy.
• Managing cybersecurity risks.

Module 5: Identifying Financial Crime Indicators

• Identifying financial crime indicators.
• Recognizing red flags for suspicious transactions.
• Analyzing transaction patterns and anomalies.
• Using data analytics to detect financial crime.
• Understanding the role of financial intelligence units (FIUs).

Module 6: Incident Response and Crisis Management

• Developing incident response plans.
• Understanding the importance of incident response planning.
• Developing a cyber incident response plan.
• Managing a financial crime crisis.
• Ensuring business continuity.

Module 7: Regulatory Compliance

• Ensuring regulatory compliance.
• Understanding relevant regulations and laws (e.g., GDPR, Bank Secrecy Act).
• Implementing compliance programs.
• Monitoring compliance with AML/CFT and cybersecurity regulations.
• Addressing regulatory reporting requirements.

Module 8: Technology for Financial Crime Prevention

• Utilizing technology for crime prevention.
• Exploring technological solutions for AML/CFT and fraud prevention.
• Implementing transaction monitoring systems.
• Using artificial intelligence (AI) and machine learning (ML) for fraud detection.
• Leveraging blockchain technology for secure transactions.

Training Approach

This course will be delivered by our skilled trainers who have vast knowledge and experience as expert professionals in the fields. The course is taught in English and through a mix of theory, practical activities, group discussion and case studies. Course manuals and additional training materials will be provided to the participants upon completion of the training.

Tailor-Made Course

This course can also be tailor-made to meet organization requirement. For further inquiries, please contact us on: Email: info@skillsforafrica.org, training@skillsforafrica.org  Tel: +254 702 249 449

Training Venue

The training will be held at our Skills for Africa Training Institute Training Centre. We also offer training for a group at requested location all over the world. The course fee covers the course tuition, training materials, two break refreshments, and buffet lunch.

Visa application, travel expenses, airport transfers, dinners, accommodation, insurance, and other personal expenses are catered by the participant

Certification

Participants will be issued with Skills for Africa Training Institute certificate upon completion of this course.

Airport Pickup and Accommodation

Airport pickup and accommodation is arranged upon request. For booking contact our Training Coordinator through Email: info@skillsforafrica.org, training@skillsforafrica.org  Tel: +254 702 249 449

Terms of Payment: Unless otherwise agreed between the two parties’ payment of the course fee should be done 7 working days before commencement of the training.