Financial Crimes Compliance is a key focus area for regulators locally and globally with significant fines and penalties applied. This module will provide participants with an understanding of Singapore regulations, overview of key financial crime risks and design of financial crime programmes including in the context of a changing technological landscape. The Compliance function also serves to provide challenge and independent oversight through robust compliance monitoring and surveillance. Participants will be able to design, establish and operate effective and efficient monitoring and surveillance programmes and control processes leveraging the use of technology.

By the end of this module, participants will be able to:

• Articulate key financial crime typologies and the relevant regulations, including anti-money laundering (AML), sanctions, anti-bribery, and corruption laws and standards.
• Analyse current financial crime challenges, including those posed by evolving financial ecosystems and new business models, such as digital assets.
• Design and implement a comprehensive AML/CFT policy that aligns with regulatory requirements and industry best practices.
• Develop risk mitigation strategies for AML, CFT, sanctions, anti-bribery, corruption, and fraud, tailored to the organization’s risk profile.
• Interpret data privacy regulations and personal data handling policies, ensuring compliance in the context of financial crime prevention.
• Design and deploy monitoring, surveillance, and control programs that are both effective and efficient, ensuring alignment with organisational strategies and regulatory frameworks.
• Evaluate and recommend technological solutions to enhance monitoring, surveillance, and control activities, improving operational efficiency.
• Develop mechanisms to track and assess program effectiveness, ensuring the continuous improvement of implemented tools, scenarios, and processes.
• Assess the outcomes of monitoring and control activities, identifying gaps and recommending enhancements to strengthen the organisation’s control framework

Total Training Duration: 16 CPD Hours

Core FAA CPD: 6 Hours

Core SFA CPD: 6 Hours

Classroom Hours: 16

Preparatory Hours: 4

This module is designed to equip learners with essential knowledge and skills to detect, prevent, and manage frauds, scams, and cyber-enabled financial crimes within the financial services industry. Emphasising real-world application, the course will leverage complex case studies and practical scenarios tailored to Singapore’s evolving regulatory landscape. Participants will deepen their understanding of fraud typologies, explore regulatory expectations, and gain strategies to foster a culture of fraud awareness across their organisations.

By the end of this module, participants will be able to

• Identify and evaluate situations that heighten the probability of fraud, scams, and cyber-enabled financial crimes.
• Explain relevant regulations, policies, and procedures for preventing and detecting frauds, scams, and cyber-enabled financial crimes in financial services.
• Anticipate potential fraud scenarios across different business areas and activities.
• Coach staff to recognise vulnerabilities that could lead to fraud and scams, including control deficiencies.
• Review, escalate, and resolve fraud cases with effective stakeholder engagement.
• Drive the implementation of fraud and cybercrime controls and establish a management framework.
• Advise on investigative methods for addressing complex fraud and cyber-enabled crime cases.
• Engage with business leaders on feedback and escalation processes related to fraud and corruption risk.
• Articulate and advocate for a culture of fraud risk awareness in daily operational tasks.

Total Training Duration: 7 CPD Hours

Total Assessment Duration: 2 Hours

Core FAA CPD: 2.5 Hours

Core SFA CPD: 2.5 Hours

This module is crafted to equip experienced officers with deeper expertise in managing sanctions and Trade-based Moneylaundering risks. Participants will engage with real-world case studies, ranging from straightforward to complex scenarios, to build analytical and practical skills essential in a global regulatory environment, with a focus on the financial services landscape in Singapore. Through interactive discussion and hands-on exercises, this course will provide insights into global and local sanction frameworks, TBML typologies, risk controls, and the communication of risk frameworks across the organisation.

By the end of this module, participants will be able to:

• Understand the regulatory landscape.
• Review and set target risk levels for Sanctions and TBML in alignment with organisational risk appetite set by the board and senior management.
• Identify and assess Sanctions and TBML risks and threats through comprehensive risk assessments.
• Design robust Sanctions and TBML risk management frameworks, processes, and strategies in collaboration with stakeholders.
• Direct the development and implementation of Sanctions and TBML risk controls and response activities aligned to organisational risk strategy.
• Evaluate the effectiveness of various Sanctions and TBML risk controls and responses from an enterprise perspective.
• Communicate Sanctions and TBML risk management best practices, frameworks, and processes effectively to all employees.
• Articulate the impact of the enterprise risk management framework on the organization’s overall risk management strategy.

Total Training Duration: 8.5 CPD Hours

Classroom Hours: 8.5

Preparatory Hours: 4