Certified Financial Crimes Specialist

Description

Overview

The Certified Financial Crimes Specialist (CFCS) training program, offered by the Association of Financial Crime Specialists (AFCS), is a globally recognized certification designed for professionals combating financial crimes such as money laundering, fraud, sanctions evasion, bribery, and cybercrime. This course provides in-depth knowledge of financial crime prevention, detection, and investigation techniques, aligned with global regulatory standards.

Objectives

By the end of this program, participants will:

1. Understand key financial crime risks (AML, fraud, corruption, sanctions, cybercrime).

2. Master regulatory frameworks (FATF, OFAC, FinCEN, EU AMLD, BSA, FCPA).

3. Develop skills in financial crime detection & investigation (transaction monitoring, forensic accounting, SARs filing).

4. Learn compliance best practices (KYC, CDD, EDD, risk-based approach).

5. Gain expertise in emerging threats (cryptocurrency fraud, cyber-enabled financial crime).

Agenda

Module 1: Foundations of Financial Crime

• Types of financial crimes (money laundering, terrorist financing, fraud, corruption)

• Global financial crime trends & case studies

• Roles of regulators (FATF, FinCEN, OFAC, INTERPOL)

Module 2: Anti-Money Laundering (AML) & Counter-Terrorist Financing (CTF)

• AML/CFT regulations (FATF 40 Recommendations, USA PATRIOT Act, EU AMLD6)

• Risk-based approach (RBA) to AML

• Red flags & typologies in money laundering

Module 3: Fraud Prevention & Detection

• Common fraud schemes (Ponzi, identity theft, insider fraud)

• Forensic accounting & digital forensics

• Fraud risk assessment & mitigation

Module 4: Sanctions & Anti-Bribery Compliance

• OFAC sanctions programs & global watchlists

• Foreign Corrupt Practices Act (FCPA) & UK Bribery Act

• Evasion techniques & compliance controls

Module 5: Financial Crime Investigations

• Suspicious Activity Reports (SARs) & STRs (Suspicious Transaction Reports)

• Evidence collection & financial crime intelligence

• Public-private partnerships in financial crime fighting

Module 6: Emerging Threats & Technology in Financial Crime

• Cryptocurrency & blockchain-related crimes (darknet markets, ransomware)

• AI & machine learning in fraud detection

• Cybersecurity risks in financial institutions

Key Takeaways

✔ Comprehensive understanding of AML, fraud, sanctions, and corruption risks.
✔ Practical skills in financial crime detection, investigation, and reporting.
✔ Regulatory knowledge of FATF, FinCEN, OFAC, and global AML laws.
✔ Risk assessment & mitigation strategies for financial institutions.
✔ Access to case studies, templates, and best practices for compliance.

Outcome & Certification

Upon successful completion, participants will:

• Earn the Certified Financial Crimes Specialist (CFCS) credential from RMA.

• Be qualified for roles such as:

  • AML/CFT Compliance Officer

  • Fraud Investigator

  • Financial Crime Analyst

  • Sanctions & Anti-Bribery Specialist

• Enhance career prospects in banking, fintech, law enforcement, and regulatory agencies.

Who Should Attend?

• AML/CFT Compliance Officers

• Fraud & Risk Management Professionals

• Banking & Fintech Compliance Teams

• Law Enforcement & Regulatory Officials

• Auditors & Forensic Accountants

Delivery Options:

• Online (Virtual)

• In-Person (Corporate Training / Workshops)

• Duration: 3 days (exam preparation excluded).

Why Get CFCS Certified?

• Globally recognized by financial institutions & regulators.
• Career advancement in high-demand compliance & investigative roles.
• Stay updated on evolving financial crime threats.