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:
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Understand key financial crime risks (AML, fraud, corruption, sanctions, cybercrime).
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Master regulatory frameworks (FATF, OFAC, FinCEN, EU AMLD, BSA, FCPA).
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Develop skills in financial crime detection & investigation (transaction monitoring, forensic accounting, SARs filing).
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Learn compliance best practices (KYC, CDD, EDD, risk-based approach).
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Gain expertise in emerging threats (cryptocurrency fraud, cyber-enabled financial crime).
Agenda
Module 1: Foundations of Financial Crime
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Types of financial crimes (money laundering, terrorist financing, fraud, corruption)
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Global financial crime trends & case studies
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Roles of regulators (FATF, FinCEN, OFAC, INTERPOL)
Module 2: Anti-Money Laundering (AML) & Counter-Terrorist Financing (CTF)
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AML/CFT regulations (FATF 40 Recommendations, USA PATRIOT Act, EU AMLD6)
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Risk-based approach (RBA) to AML
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Red flags & typologies in money laundering
Module 3: Fraud Prevention & Detection
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Common fraud schemes (Ponzi, identity theft, insider fraud)
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Forensic accounting & digital forensics
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Fraud risk assessment & mitigation
Module 4: Sanctions & Anti-Bribery Compliance
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OFAC sanctions programs & global watchlists
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Foreign Corrupt Practices Act (FCPA) & UK Bribery Act
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Evasion techniques & compliance controls
Module 5: Financial Crime Investigations
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Suspicious Activity Reports (SARs) & STRs (Suspicious Transaction Reports)
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Evidence collection & financial crime intelligence
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Public-private partnerships in financial crime fighting
Module 6: Emerging Threats & Technology in Financial Crime
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Cryptocurrency & blockchain-related crimes (darknet markets, ransomware)
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AI & machine learning in fraud detection
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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:
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Earn the Certified Financial Crimes Specialist (CFCS) credential from RMA.
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Be qualified for roles such as:
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AML/CFT Compliance Officer
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Fraud Investigator
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Financial Crime Analyst
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Sanctions & Anti-Bribery Specialist
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Enhance career prospects in banking, fintech, law enforcement, and regulatory agencies.
Who Should Attend?
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AML/CFT Compliance Officers
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Fraud & Risk Management Professionals
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Banking & Fintech Compliance Teams
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Law Enforcement & Regulatory Officials
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Auditors & Forensic Accountants
Delivery Options:
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Online (Virtual)
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In-Person (Corporate Training / Workshops)
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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.