Introduction

In the fight against sophisticated financial crime, the ability to effectively leverage digital forensics has become an indispensable capability for compliance professionals, enabling the detection, investigation, and prevention of illicit financial activities in an increasingly digital world. This essential training course focuses on Digital Forensics for Financial Crime Compliance, equipping participants with the specialized knowledge and practical techniques to identify, preserve, analyze, and present digital evidence related to money laundering, fraud, terrorist financing, and other financial crimes. You will gain expertise in tracing digital footprints, recovering hidden or deleted data, and understanding the digital methods used by criminals, enhancing your organization's capacity to uphold regulatory standards and safeguard financial integrity.

Target Audience

• Financial Crime Compliance Officers
• Anti-Money Laundering (AML) Investigators
• Fraud Investigators
• Internal and External Auditors
• Cyber Security Analysts in Finance
• Law Enforcement (Financial Crime Units)
• Forensic Accountants
• Legal Professionals specializing in Financial Crime

Course Objectives

• Understand the intersection of digital forensics and financial crime compliance.
• Learn the legal and ethical considerations for digital evidence collection in financial investigations.
• Master techniques for preserving digital evidence to maintain its integrity and admissibility.
• Develop skills in identifying and acquiring digital evidence from various sources.
• Understand methodologies for analyzing digital data to uncover financial crime patterns.
• Learn about common digital tools and techniques used by financial criminals.
• Explore best practices for preparing clear and concise digital forensic reports.
• Master techniques for tracing illicit financial transactions across digital platforms.
• Understand the role of digital forensics in strengthening AML and KYC processes.
• Learn about emerging technologies in digital forensics for financial crime investigations.
• Apply practical digital forensic tools and strategies to simulated financial crime scenarios.

Duration

5 Days

Course Content

Module 1: Introduction to Digital Forensics & Financial Crime

• Defining digital forensics in the context of financial crime compliance.
• Exploring the evolution of financial crime in the digital age.
• Understanding the types of digital evidence relevant to financial investigations.
• Overview of common financial crimes (e.g., money laundering, fraud, cyber fraud).
• The critical role of digital forensics in modern financial crime prevention.

Module 2: Legal & Ethical Frameworks for Digital Evidence

• Learning the legal frameworks governing digital evidence collection and admissibility for your module.
• Understanding the chain of custody for digital evidence.
• Exploring ethical considerations and privacy concerns in digital investigations.
• Compliance with data protection regulations relevant to financial institutions.
• Navigating international cooperation and jurisdictional challenges.

Module 3: Digital Evidence Preservation & Acquisition

• Mastering techniques for the preservation of digital evidence to prevent alteration for your module.
• Understanding proper methods for acquiring digital data from various devices (computers, mobile, cloud).
• Utilizing forensic imaging and hashing to ensure data integrity.
• Handling volatile and non-volatile digital evidence.
• Tools and best practices for secure evidence collection.

Module 4: Analyzing Digital Data for Financial Crime

• Methodologies for analyzing digital data to detect financial crime indicators for your module.
• Examining file systems, network logs, email communications, and financial transaction records.
• Techniques for recovering deleted files and hidden data.
• Using specialized forensic software for data extraction and analysis.
• Pattern recognition and anomaly detection in large datasets.

Module 5: Tracing Illicit Digital Transactions

• Mastering techniques for tracing illicit financial transactions across digital platforms for your module.
• Understanding the flow of funds through online banking, payment systems, and cryptocurrencies.
• Utilizing blockchain analytics for cryptocurrency investigations.
• Identifying digital footprints and attribution of suspicious activities.
• Collaborating with financial intelligence units (FIUs) for transaction tracing.

Module 6: Digital Forensics in AML & KYC Processes

• Integrating digital forensics capabilities into AML (Anti-Money Laundering) and KYC (Know Your Customer) compliance for your module.
• Enhancing customer due diligence (CDD) with digital insights.
• Identifying red flags and typologies of money laundering through digital channels.
• Leveraging digital evidence to support suspicious activity reports (SARs).
• Proactive use of digital forensics to identify emerging risks.

Module 7: Reporting & Expert Testimony

• Strategies for preparing comprehensive and legally sound digital forensic reports for your module.
• Presenting complex technical findings in a clear, concise, and understandable manner.
• Understanding the role of an expert witness in legal proceedings.
• Best practices for giving expert testimony on digital evidence.
• Communicating findings to internal stakeholders, regulators, and law enforcement.

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 10 working days before commencement of the training.