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Board of Governors of the Federal Reserve System
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Board of Governors of the Federal Reserve System

International Training & Assistance (ITA)
for Bank Supervisors

Joint International Monetary Fund/World Bank/Federal Reserve System--Financial Crimes Detection Workshop

Type of Participant Targeted

This program is designed for bank examiners, regulators, investigators, auditors, accountants, ethics and compliance officers, financial and risk analysts, and financial intelligence unit personnel working in the public sector who wish to acquire knowledge or refresh their skills on concepts, issues, trends, and developments relating to a broad array of financial crimes, including corruption, bank fraud, and money laundering, and techniques for tracing and recovering assets and for detecting and investigating financial crimes.

Prerequisites

Participants should have a minimum of 18 months of relevant work experience. This program has an online pre-course reading assignment.

Course Overview

Experienced instructors from all three sponsoring institutions will introduce participants during this 4-1/2-day program to the most common financial crimes, and familiarize them with relevant regulatory schemes and frameworks. Participants will learn the most up-to-date techniques for establishing anti- money laundering and illicit asset recovery programs, and for detecting and investigating corruption and fraud. Using a combination of case studies, presentations, videos, and hands on exercises through group work, the course seeks to enhance participants' analytical proficiency; examination, investigation, and detection techniques; and knowledge of financial crimes.

Course Objectives

Upon completion of this 4-1/2-day course, the participant will, at a minimum, have

  • A familiarity with global and regional anti-corruption and anti-money laundering treaties, conventions, laws, and frameworks.
  • A working knowledge of how to establish effective anti-money laundering and asset identification and recovery programs.
  • An understanding of the red flags of bank fraud and the most recent or prevalent types of financial sector fraud and money laundering schemes.
  • A familiarity with how investigators and analysts detect and trace the flow of ill-gotten gains; how they map the money trail and the actors involved in fraudulent schemes; and how they gather evidence for a successful prosecution, enforcement action, or recovery of stolen assets.

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Last update: February 7, 2014