Financial Crime Services

Our risk management business has doubled again in its scale of activityduring the last year and we now have a pool of nearly 600 expertconsultants and trainers.

We have achieved this growth by remembering that our most importantassets are our clients. At Risk Reward we still pride ourselves on being ableto deliver a tailored, high quality, personal, professional and above all valuefor money service, to every client, both large and small.

To date we have assisted over 250 banks and financial institutions, (includinga widening variety of central banks), by developing, reviewing andimplementing risk solutions relevant to their unique requirements. Weoperate globally, most recently in the USA and Mexico, the RussianFederation, former Soviet Republics and Brazil, but the bulk of our collective20-30 years experience is in EMEA and Asia markets.

Money laundering deterrence is a key component of any bank’s riskmanagement armory. The financial markets are increasingly seekingdeterrence advisory services and training which is practical, usingexperience combined with technical knowledge to address these complexchallenges quickly, efficiently and as needed, discretely.

At Risk Reward, we have developed an up-to-the-moment relevant, quality-led service based upon the skills of an experienced management team, andexperienced pool.

All our financial crime consultants and trainers, under the leadership andsupervision of David Blackmore, are established experts in moneylaundering deterrence, market abuse and financial crime prevention with theability to provide added value to every client through the application ofpersonal knowledge and practical experience. Each has held roles asDirector, Head, Senior Manager or MLRO/NO within major UK andinternational banks and other financial institutions with experience in bothdeveloped and emerging markets.

This new brochure is intended to provide you with key information on ourFinancial Crime division and the services we offer.

Why not call us and challenge us to add value to your business? We lookforward to working with you.

Dennis Cox, Chief Executive

Dennis Cox, Chief Executive

‘‘‘‘

Risk Reward hasgrown rapidly since itwas founded in 2002and is now regarded asa leading independentprovider of globaltraining, consultancy,risk management andinternal audit services.We have assisted over250 banks and financialinstitutions, includingmany central banks andwe operate throughoutthe globe.

Tel: +44 (0) 20 7638 5559Fax: +44 (0) 20 7638 5571Email: info@riskrewardlimitedwww.riskrewardlimited.com

Established in 2002, Risk Reward offersindependent strategy and risk based consultancyservices as well as risk, treasury, banking and otherspecialist training courses. These consulting andtraining services are either delivered directly tobanks and financialinstitutions by our ownconsultants or we willsupply the sameconsultants viaintermediaries with whomwe have developed closeworking relationships. Weoperate on a global basisbut are specialists withinMiddle East, Asia, Africa andemerging markets.

We are Partners in Learning with the Institute ofChartered Accountants in England and Wales andthe Securities and Investment Institute and delivercourses on their behalf.

Risk Reward is an owner operated limited liabilitybusiness registered in England & Wales. Thecompany is led by Chief Executive Dennis Cox; abanker and chartered accountant with nearly 30years’ industry expertise, experience and know-how.

The business offers a wide rangeof training and consultancyservices delivered by a pool ofover 600 consultants, each ofwhom has been specially vettedby our selection panel to ensurethey have the appropriate levelof experience and expertise. Ourconsultants are all industryexperts in their own fields andhave all held posts at seniorlevels.

We are well aware that ourreputation is only as good as our last assignmentand that quality control and the delivery of anexcellent service are paramount.

Consequently all our consultants are supervisedand monitored closely by both the Chief Executiveand the core executive team to ensure outstandingservice standards are maintained at all times.

A key feature of the RiskReward model is that weonly engage consultantswith relevant industryexperience to work withour individual client’s,ensuring added value fromday one and eliminating theusual consultant learningcurve delays. In every caseour consultants are able to

make suggestions or offer solutions based on theirown considerable experience of dealing successfullywith similar challenges in their own careers.

To date we have helped over 250 banks andfinancial institutions including central banks. We arehappy to work either directly with the institution orvia intermediaries where we are satisfied our usualexcellent standards of service are going to be met.

The business is based in Moorgate in the heart ofthe City of London where our core executive teamis located. Brief biographies of the team are

included in this brochure but insummary, as well as the ChiefExecutive Dennis Cox, the coreteam includes Lisette Mermod,Commercial Director, Bankingconsultants Mark Andrews andJeremy Ford, Head of InternalAudit Peter J Hughes, Directorof Financial Crime DavidBlackmore and CharteredInsurer and Compliance &Regulatory Consultant, AnthonySmith. Six additional staffcomplete the operations, IT anddocumentation functions that in

turn support our panel of consultants and trainers.

We look forward to getting to know you better.

Risk Reward Limited – About Us

To date we have helped over 250 banks and

financialinstitutionsincluding

central banks

David BlackmoreDirector of Financial Crime

Risk Reward’s new Risk,Compliance and FinancialCrime team is led by DavidBlackmore, B.A., F.S.I., A.C.I.B.,

A.Col. who is an internationally renowned expertfor more than 30 years in banking and financialcrime including anti-money laundering andsanctions compliance, fraud, terrorist financing,market abuse, insider dealing, corruption, sanctionsbreaches and money laundering deterrence.

This includes a distinguished career as a wholesaleand retail banker for Midland Bank (now HSBC) inthe UK and Mediterranean Europe. For more than15 years he has also acted as a professional traineron these topics for various Central Banks,commercial and institutional banks and otherfinancial institutions worldwide. He has brought thisbody of expertise to lead a team of risk, complianceand financial crime experts from the banking,accountancy, internal audit and insurance sectorsand to provide expert services and training in banksand financial institutions in developed butparticularly emerging markets.

Clients confirm that the utmost value to theirorganisation David and his team provides is thepractical and cost effective way of complying withthe letter and spirit of international, regional andnational anti-financial crime rules and regulation.

● Alpha Credit Bank, Greece’s largest privatesector banking group, where he had fullresponsibility for London internal audit and allcompliance functions. He successfully managedto pilot the Bank’s authorisation of theSecurities & Futures Authority and achieved‘listed’ status as the Bank of England.

● Italian International Bank David served asAssistant General Manager. He undertook thefull range of internal audit and SFA/Bank ofEngland/Guernsey Financial ServicesCommission compliance tasks, plus data

protection, money laundering reporting andrisk management including disaster recovery,general and professional insurances for IIB.

● Arab Bank Plc David formed a new team, andhe was the first appointed Head of Complianceand MLRO. David designed, developed andimplemented the Bank’s first AML manual,policies, procedures and associated trainingstrategy. He travelled widely in the Middle Easton AML training assignments for Groups unitslocated there.

● Sabanci Bank Plc (UK), Head of Complianceand MLRO. Here David drafted the company’sAML & Compliance manuals, policies andprocedures, and he designed and delivered thenecessary training to both senior managementand staff, both in the UK and Turkey.

Among his professional associations are his recentand current activities serving the British BankersAssociation’s Money Laundering Advisory Panel(MLAP) and was directly involved in thedevelopment of the Joint Money LaunderingSteering Group (JMLSG) 2006 Guidance.

David is a Member of both the UK ComplianceInstitute and the UK Securities and InvestmentsInstitutes Compliance Forum. He has been aMember of the USA based Institute of InternalAuditors – UK and Ireland Chapters since 1993.David became a full Member of the UK Institute ofMoney Laundering

David holds a degree in Politics (BA Hons) fromthe University of Leicester, and an ACIB (Associateof the Chartered Institute of Bankers (now knownas the Institute of Financial Services). He is aMasters of the Securities and Investment Instituteand is being considered for Fellowship. He recentlycontributed a chapter on Money Laundering forthe The Frontiers of Risk Management(Euromoney Institutional Investor, 2007), edited byDennis Cox. He is regular contributor on articlesrelating to money laundering and financial crime forthe British Bankers Association and the global RiskUpdate (Risk Reward Ltd).

Expertise, Experience & Know-how

Global Markets & ClientsAfricaAfrican Banking CorporationBanque Africaine de -Développement Bank PHB (Nigeria)Barclays Bank (South Africa)Cavmont Capital Bank (Zambia)Central Bank of NigeriaChaseBank (Kenya)Citizens SME Agency (Botswana)Commercial Bank (Zambia)Development (Rwanda)Eco BankFinance Bank (Zambia)First Atlantic Merchant BankFirst Bank (Nigeria)First Rand Bank (South Africa)Guaranty Trust Bank (Nigeria)HFC Bank (Ghana)Housing Finance (Uganda)Indefund (Malawi)Intercontinental Bank Plc (Nigeria)Intermarket Banking (Nigeria)Investment Banking & TrustInvestrust Bank (Zambia)LEFISA Ventures (Lesotho)National Bank (Malawi)National Commercial BankNational Investment Bank (Ghana)Nedbank (South Africa)Omnifinance (Cote D’Ivoire)Prudent Bank (Nigeria)Press Trust (Malawi)RawBank (Congo)Rokel Commercial (Sierra Leone)Sierra Leone Commerce BankStandard Corp. & Merchant BankTrust Bank (Ghana)Union Bank (Cameroon)UBA (Nigeria)UBA Capital (London)Zenith Bank (Nigeria)

AmericasBank of AmericaCentral Bank of BrazilCentral Bank of MexicoCitizen’s BankComerica IncEnbridge IncFederal Reserve Bank of DallasFirst Citizen’s BankFirst Niagara BankFreddie MacJohnson Financial GroupNorthern TrustState Street

AsiaABN-AMRO (Hong Kong, Singapore)Banco Nacional Ultramarino (China)Bank of BarodaBank of ChinaBank TuranAlem (Kazakhstan)Barclays Private Banking (Hong Kong)Canara BankDFCC (Sri Lanka)Dhaka Bank Ltd (Bangladesh)Dutch Bangla Bank (Bangladesh)Ethan Hathaway (Hong Kong)ICBC (Hong Kong China)L B Finance Ltd (Sri Lanka)Mercantile Bank Ltd (Bangladesh)Mitsubishi UFJ Securities International PlcNational Development Bank (Sri Lanka)Norinchukin Bank (Japan)Orient Financial Services (Sri Lanka)Oriental Bank of Commerce (India)Overseas Chinese BankingPremier Bank (Bangladesh)PT Bank BNI (Persero)State Bank of Bikaner & Jaipur (India)Swiss Reinsurance (Hong Kong)TBK (Singapore)

Middle EastAl-Ahli Bank (Kuwait)Al-Mashreq Bank (Dubai)Al Rajhi Bank (Saudi Arabia)Arab Banking CorporationArab National Bank (Saudi Arabia)Bank AudiBanque Saradar (Lebanon)Banque Saudi Fransi (Saudi Arabia)Byblos Bank (Lebanon)Commercial Bank of KuwaitCommercial International Bank (Egypt)EFG-Hermes Fund ManagementEngro Polymer & Chemicals LimitedEnhance (Dubai)Finance Al Ain International GroupFinance Gulf Takaful Insurance CoFinancial Control Guaranty Trust AssuranceFirst Gulf Bank (Dubai)Fransabank (Lebanon)Global Investment Bank (Kuwait)Institute of Banking Studies (Kuwait)Investments Emirates Int'l Investment CoIsrael Discount Bank LtdNational Bank of KuwaitNational Commercial Bank (Kuwait)Riyad Bank (Saudi Arabia)Samba Financial Group

UK & Ireland/EuropeACCA (UK)Accbank (Ireland)ABN-AMRO Bouwfonds (Netherlands)Alfa Bank (Ukraine)Association of Cyprus Commercial BanksCredit Agricole Asset ManagementBanco de SabadellBanco Santander TottaBank of Bermuda (Luxembourg)Bank of England (UK)Bank Julius Baer & CoBank Mandiri (Cyprus) LtdBank Saderat plcBank Sepah International plcBNP ParibasBrunel University (UK)Christiania Bank (Norway)City Speakers International (UK)Clariden Bank (Switzerland)Combined Insurance (UK)Commerzbank AGCo-operative Bank (UK)Credit Suisse (Switzerland)D C Gardner (UK)DNB ASA (Norway)Depfa Bank PlcDeutsche Postbank AGDexia Bank Belgium London BranchEuromoney (UK)EuroNBank (Greece)Eximbank (Romania)Fortis Bank (Netherlands)Habib Bank (Switzerland)Hrvatska Postanska (Hungary)HSBC (UK)HVB Bank (Czech Republic)ICICI BankIm Bank (Russia)ING Group (Netherlands)International DevelopmentInternational Moscow Bank (UK)Investec (UK)JP Morgan Chase (UK)Kredietbank (Luxembourg)Laiki BankLandsbanki (Iceland)MKB Bank (Hungary)NatixisNederlandse Waterschapsbank (Netherlands)Nordea (Finland)Nordic Investment Bank (Norway)Rabobank (Netherlands)Raiffeisen Bank (Russia)Raiffeissen Zentralbank (Austria)Royal Bank of Scotland (UK)Russian Commercial Bank (Cyprus)Securities and Investment Institute (UK)Société GénéraleSwedbank (Sweden)Troika Dialog (Russia)Unisys (UK)

Just like the ocean, criminals never stand still but arealways manoeuvring to find new ways of makingmoney at someone else’s expense. In turn policy-makers and regulators the world over seek waysto prevent, deter and prosecute wrong doers andthose who knowingly or recklessly breach rulesdesigned for the public benefit.

Consequently ’financial crime’ has come to have anever-wider meaning. It now encompasses:

● Internal Fraud● External Fraud● Money Laundering● Terrorist Finance● Finance to assist the proliferation of Weapons

of Mass Destruction● Breaches of Arms Control● Market Abuse● Insider Dealing● Bribery and Corruption● Breaches of Sanctions legislation● Ineffective data security controls over client

information ● Illegal deposit – taking and lending

This is a truly daunting and ever-expanding remitfor Money Laundering Reporting Officers (MLROs),nominated officers, compliance officers, seniormanagers, risk managers and all those charged withanti-financial crime compliance in financial firms andrelated entities. In order to meet these challengesRisk Reward how offers a fully-comprehensiverange of solutions ranging from large scaleconsulting and major training programmes down toindividual support and in-house seminars. Weoperate throughout the financial services industryand have expertise in almost every area of bankingand finance worldwide.

Consulting & Technical SupportServicesWe only recruit seasoned experts to join ourconsulting and training staff and our commitmentis to provide the best in the business – technicaland compliance professionals who are not only wellqualified but who possess a minimum of 15-20years of proven experience at senior levels and are

always up to date with the latest development. Thismeans our consultants and trainers can add valuefrom day one by adapting seamlessly to individualclient approaches, methods and structures andmore often than not, find they are able to suggestnew or amended strategies for consideration basedon their own past experience.

We can work with an existing in-house team byproviding expert knowledge in specific areas, or wecan supply additional capacity to an over stretchedcompliance/financial crime function. Our expertscan undertake complete reviews where requiredand will recommend what resources would benecessary to achieve an individual client’s goalsbearing in mind at all times that businesses are runon a commercial as well as a regulatory basis.

Training Services

We also provide full professional training servicesand have been doing so successfully for banks andother institutions worldwide and have a particularexpertise in Africa, the Middle East, Asia and otheremerging markets. We can provide large scalemulti-business unit cross-border trainingprogrammes on a wide range of related issues orwe can train 1:1 and small groups of individuals,from Board level to general staff, whose skillsmerely need refreshing.

Customised training courses are often arranged tomeet both the client’s requirement and those of itsparticular regulatory bodies. Training can bedelivered either at the client’s own premisesworldwide or in our training facilities in London. Alist our core training courses for anti-financial crimeand compliance appears later in this brochure.

Delivering Best in Class Qualityand Value Our costs are extremely competitive and wepledge to deliver an expert service at all times. Weare well aware that we are always judged solely onthe basis of client satisfaction and regard themaintenance of outstanding standards andprofessionalism as paramount. Why not call us andsee if we can meet your needs?

Financial Crime: Overview

Risk Reward offers a wide range of servicesspecially tailored to meet the needs of anti-financialcrime functions operating in the financial servicesindustry around the globe. Our aim is to work withclients to make this critical control function truly“best in class”.

Money Laundering and FinancialCrime and Deterrence ServicesAll institutions are trying to maintain theirreputation and reduce unnecessary losses. Moneylaunderers target financial institutions to disguisethe source of their funds. When an institution isfound to have unwittingly supported a moneylaunderer they suffer financial and reputational loss,apart from the potential for regulatory action.

It is important for all firms to do what couldreasonably be expected of them to both identifyand deter all financial crime. To assist firms in thisarea, Risk Reward Limited has launched a newrange of money laundering deterrence services.

Professional Services Aligned toYour NeedsIt is important to recognise the “all crimes” elementand not just focus on the application of proceduresto identify, detect and report suspicions of drugtrafficking, for example. Money laundering is muchmore than that and in the UK in particular has beenextended to address the reporting and monitoringof the proceeds of all criminal activity wherevercommitted (with minor exceptions).

Risk Reward financial crime experts can assist youin a range of ways from deciding upon the systemsthat you wish to employ to actually conductingdetailed investigations.

● Carrying out Financial Crime RiskAssessments, advising on systems and controlsto manage or counter these risks and drawingup Action Plans to implement the requiredsystems and controls.

● Developing risk-based policies and structuresby working with Senior Management to decideupon the objectives and definitions appropriatefor the in the area of money launderingdeterrence and other financial crime.

● The implementation of reporting investigationpolicies and procedures.

● The implementation of money laundering andfinancial crime deterrence awareness and/ortraining programmes.

● Fast-tracking advisory services for responsesto post-regulatory ‘red letters’ and practicalsolutions required to demonstrate to theregulator that your organisation is taking adviseto rectify the caution.

● Auditing or risk reviewing clients’ anti-financial crime systems and controls,presenting reports to Audit Committee and/orthe Board as appropriate.

● Making presentations to Boards and/or SeniorManagement on the UK (or other jurisdiction)anti-financial crime regime and latestdevelopments.

● Software selection and implementation andthe extent to which they are likely to identifythe suspicious transactions whilst avoiding falsepositives.

● Assisting with the implementation and testingof new software, including where appropriatethe design of new scenarios and methodologiesthat leverage from the existing solutions.

● The investigation of specific cases of potentialmoney laundering, fraud or other financialcrime, primarily to identify additional controlsthat could be implemented.

● Undertaking specific bespoke reviews of afirm’s compliance with UK and internationalSanctions requirements.

● Advising UK clients on preparing formanagement of and follow-up on regulatoryreviews including FSA ARROW 2 reviews.

● Specific Induction and Advanced training forMoney Laundering Reporting Officers (MLRO)and Nominated Officers (NO).

● Undertaking s166 ‘Skilled Person’ reports forFSA authorised firms.

Financial Crime ServicesExpertise, practical experience and know-how, combined with serviceexcellence, rapid response and good value for money

Risk Reward has been undertaking financial crimetraining, both in-house and public courses, for manyyears focusing on the following areas:

Understanding Money LaunderingDeterrence2-3 days (intro/intermediate)

Risk-Based Anti-MoneyLaundering for NOs & MLROs 2-3 days (intermediate/advanced)

Money Laundering & FinancialCrime Deterrence3-4 days (intro/intermediate)

Risk Management of InternationalSanctions Breaches2-3 days (intermediate/advanced)

Fraud for Bank Internal Auditors 3-5 days (intermediate)

Combatting Fraud & Crime inBanks & Financial Institutions3-4 days (intermediate)

Anti-Money Laundering &Terrorist Financing3-4 days (intro/intermediate)

Anti-Money Laundering forPrivate Banking & WealthManagement 2-3 days (intermediate)

Anti-Money Laundering Briefingfor Legal Functions1-2 days (intermediate/advanced)

Preventing, Detecting andInvestigating Financial Crime3 days (intermediate)

For more information, a prompt reply andcompetitive quote for financial crime trainingsolutions please contact Cariska Pieters on 00 4420 7638 5559 or email CP@riskrewardlimited.com

We add value to the training project from the firstinstance by offering complimentary services suchas:

● Conference calls with project leaders todetermine business goals and preferredtraining formats

● Developing customized course outlines andcourse materials to your organisation’s ordepartment’s specific needs

● Working with your teams to create relevantpre-training delegate questionnaires todetermine levels and depth of subjectknowledge

● Preparing post-training delegate evaluationforms

● Post-training diagnostic, analytical andreporting services and conference calls toproject leader

● Complimentary email Question & Answerservices to the trainer from the delegates for3 months.

10

9

8

7

6

5

4

3

2

1

Financial CrimeTraining Courses

Adding Value to theProcess

Training Courses

Understanding MoneyLaundering Deterrence

Money laundering deterrence is an area ofincreasing business and regulatory concern forbanks and the financial services sector globally. Thechallenge is that training tends to focus narrowly onthe requirements yet loses sight of the trainingobjectives for money laundering. This intermediatelevel course is internationally focuses and designedfor those in banks, financial institutions and centralbank supervisors moving into areas of moneylaundering deterrence responsibility.

Learning Objectives● To enable participants to understand what

money laundering really is to explore thetechniques used by money launderers.

● To consider the rules and regulationsapplying and think through the issuesattached to suspicion and reporting.

● Understand the mind of a money launderer ● Be able to consider the control structures

they would wish to employ.

Who should Attend● Money laundering reporting officers ● Staff that deal with clients on a day to day basis ● Internal auditors ● Compliance specialists

This intermediate course is available as 2-days(UK) and as 3 days (Global).

Risk-based Anti-MoneyLaundering for NominatedOfficers and MLROS

This intermediate to advanced 2-day workshopfocuses on the risk based approach to MoneyLaundering prevention for the legal andaccountancy sector. Designed for experiencedMoney Laundering Reporting Officers (MLROs)and Nominated Officers (NO) in the legal andaccountancy sectors this workshop is essential forall officers with responsibilities for anti moneylaundering and related issues and has been fullyrevised and updated to reflect the Money

Laundering Regulations 2007, the Law SocietyPractice Note on AML September 2007, and therequirement to implement a risk-based approach.

● Legal Obligations ● Police Investigation Powers ● Solicitors Code of Conduct and the role of

the SRA● Money Laundering Regulations 2007 ● Law Society Practice Note September 2007 ● The Risk Based Approach ● Managing the AML Process ● Managing the Reporting Process

Key Learning Objectives:● Gain an understanding of what is now meant

by ‘money laundering’ and ‘terrorist financing’● How enhanced due diligence in some

corporate and trust structures is carried out● To obtain an understanding of “Equivalent

Jurisdictions” and “Equivalent Markets”● Gain new perspectives on PEP’s and

corruption/bribery and sanctions issues● Benchmark the effectiveness of our systems

and controls to cope with current andemerging risks

● Acquire ways to improve your systems andcontrols

Who should attend?● MLROs/Nominated Officers and their deputies ● Compliance officers ● Internal auditors assuming responsibilities for

money laundering and related issues● Risk Management officers● Financial Crime Managers● Office Administrators

Learning Pre-requisitesQualified MLROs and Nominated Officers (NO)ideally should have a familiarity and understanding oftheir responsibilities and requirements under currentlaw and regulations. The workshop format seeks toinsure the optimum interaction among delegates andthe expert/trainer for thorough knowledge transfer,retention, and application. All sessions provide timefor discussion, debate and questions.

This workshop is available as 2 days (UK) and 3days (global).

2

1

Money Laundering andFinancial CrimeDeterrence

Money laundering deterrence is an area ofincreasing global business and regulatory concernfor banks and the financial services sector. Thechallenge is that while training tends to focus onthe requirements delegates may lose sight of thepractical objectives for anti-money laundering andterrorist financing training and awareness.

Learning Objectives● To enable participants to understand what

money laundering really is. ● The techniques used by money launderers. ● To consider the rules and regulations

applying and think through the issuesattached to suspicion and reporting.

● Participants will really learn to understandthe mind of a money launderer andtherefore will be able to consider the controlstructures they would wish to employ intheir jurisdiction.

Who Should Attend● Money laundering reporting officers

(MLROs) and their deputies ● Staff that deal with clients on a day to day

basis● Internal auditors ● Compliance specialists ● Risk Managers● Financial Crime Managers● Nominated Officers

This intermediate course is available as 2 days(UK) and as 3 days (Global).

Risk Management ofInternational SanctionsBreaches

In order to ensure your Financial Crime regime is“fit for purpose” you need to be up to speed withnew developments, ensuring the lessons frominternational enforcement together with thedeveloping risks of breaching internationalsanctions are factored into your controls. Thisintermediate to advanced two day workshopdesigned for banks and financial institutions isaimed at senior, experienced MLROs andCompliance professionals. It is designed toprovide an understanding of this emergingAML/Financial Crime risk as well as to helpdelegates develop practical ways to ensure theirfirm can manage and withstand that risk.

Learning Objectives● Gaining an understanding of some of the

most important types of sanctions &sanctions regimes

● Understanding recent examples of failing tocomply

● Acquiring a good knowledge of the UKregime in the light of recent court decisions

● Benchmark the suitability of your existingcontrols to cope with the emerging risks offailing to apply international sanctions &especially the US regime

● Learning from a Case Study● Improving your controls & reducing the risk

of exposure to relationships with terroristfunders and facilitators together with thoseinvolved in corruption & other financial crime

43

Who Should Attend● MLROs● Nominated Officers● Heads & Managers of Financial Crime● Operational or Regulatory Risk Managers

(with AML/ FC responsibilities)● Compliance and Internal Audit Officer (with

AML / FC responsibilities)● Legal professionals● Senior managers responsible for AML and

Financial Crime systems and Controls

MethodologyThis highly practical event will use focusedpresentations, case studies and interactivediscussions to define and illustrate the key risk ofinternational sanction breaches and how to manageand avoid them.

Knowledge Pre-RequisitesA sound working knowledge of the basics of UN,EU, UK and US sanctions regimes is recommendedby not required.

This intermediate to advanced workshop isavailable for 2 Days (UK) or globally ifcombined with another course, otherwise as 3days (global).

Fraud for Bank InternalAuditors

Bank fraud has increased at an alarming rate sincethe global economy worsened, according toindustry experts. In the UK alone reported fraudin the finance and insurance sectors in the first halfof 2008 amounted to £636million – 15 times thelevel of a year earlier! All indications are that thistrend will deteriorate further and deeper, and bereflected internationally. In this focused three-dayseminar you will discuss and evaluate the particularfraud risks faced by financial institutions, a continuingmajor target sector for fraudsters and terrorists.

You will cover the methodologies used by those whowould do your firm, and society at large, harm andfocus on the red flags that signal the need for morein-depth work and/or a full-blown investigation. Keyfinancial sector vulnerabilities will be examined and

risk-rated. Case studies and exercises will be usedthroughout to draw out priority areas for internalaudit’s attention and to reinforce learning points. Youwill get tips on what to look for and how toconstruct audit field-work on a risk-based approach.Finally you will participate in sessions concentratingon carrying out investigations, plus reporting/escalating findings and recommendations.

Learning Objectives● Learn what fraud is and is not● Appreciate how frauds operate in differing

areas of a financial institution’s business● Know what systems and controls are needed

to combat fraud● Know what to do if something goes wrong

Who Should Attend● Internal Auditors● Risk Managers● Central Bank Supervisors● Junior Managers, Audit Assistants and Trainees

Knowledge Pre-RequisitesA basic understanding of commercial bankingoperations and types of transactions would bebeneficial but is not required.

Available as a 3, 4 or 5 day training event.

5

Combating Fraud andCrime in Banks &Financial Institutions

Bank fraud has increased at an alarming rate sincethe global economy worsened, according toindustry experts. In the UK alone reported fraudin the finance and insurance sectors in the first halfof 2008 amounted to £636million – 15 times thelevel of a year earlier. All indications are that thistrend will deteriorate further and deeper, and bereflected internationally. In this focused three-dayseminar you will discuss and evaluate the particularfraud risks faced by financial institutions, acontinuing major target sector for fraudsters andterrorists.

In this intermediate level course delegates willcover the methodologies used by those who woulddo your firm, and society at large, harm and focuson the red flags that signal the need for more in-depth work and/or a full-blown investigation. Keyfinancial sector vulnerabilities will be examined andrisk-rated. Case studies and exercises will be usedthroughout to draw out priority areas for internalaudit’s attention and to reinforce learning points.Delegates will get tips on what to look for and howto construct audit field-work on a risk-basedapproach. Finally participants can interact insessions concentrating on carrying outinvestigations, plus reporting/escalating findings andrecommendations.

Learning Objectives● Learn what fraud is and is not● Appreciate how frauds operate in differing

areas of a financial institution’s business● Know what systems and controls are needed

to combat fraud● Know what to do if something goes wrong

Who Should AttendFinancial, External, Internal, Financial andOperational Auditors; Corporate Security andInvestigators; Risk Management, Central BankBanking Supervision personnel and other suchregulatory bodies – who need to gain anunderstanding of the growing risks of fraud.

Knowledge Pre-RequisitesA basic understanding of banking activities(wholesale, commercial and retail lending andtreasury operations) will enable the participant tofully engage in the learning experience.

This intermediate level course is available as 3or 4 days.

Anti-Money Laundering& Terrorist Financing

Anti-Money laundering and terrorist financing is anarea of increasing business and regulatory concernfor banks and the financial services sector. Thechallenge is that training tends to focus narrowly onthe requirements yet loses sight of the trainingobjectives for money laundering and terrorist financing.

This intermediate level course takes an internationalfocus and is designed for those who have oversight,direct and indirect responsibility for AML/TF.

Learning Objectives● To enable participants to understand what

“money laundering” really is ● To explore the techniques used by a money

launderer ● To appreciate the rules and regulations

applying to AML● To think through the issues attached to

suspicion and reporting● To understand the difference between

money laundering and terrorist financing

Who Should Attend● Nominated Officers● Money laundering reporting officers (MLRO)● Staff that deal with clients on a day to day

basis● Internal auditors ● Risk and compliance specialists ● Non-executive directors with audit and/or

financial crime responsibilities.

Knowledge Pre-requisitesKnowledge of banking instruments will be beneficialbut not required.

This course is available as 3 or 4 days.

7

6

Anti-Money Launderingfor Private Banking &Wealth Management

The European Union’s Third Money LaunderingDirective (3DML) and the Money LaunderingRegulations 2007 have added further complexityand regulatory risk to this area of intense regulatoryfocus and political sensitivity. In the meantime,money laundering and terrorist financing threats arebecoming increasingly diverse and complex, so thattraditional AML approaches are no longer sufficient,particularly in wealth management and privatebanking sectors.

Learning ObjectivesThis practical two day workshop will help delegatesto update on the new anti-money launderingrequirements and provide a unique opportunity tobenchmark current approaches against industrybest practice.

Delegates will take away anunderstanding of ● Reviewing the 2007 Money Laundering

Regulations and their impact for wealthmanagement firms

● Identifying key money laundering risks anddeveloping effective risk-based controls

● Cross-border issues, including tax and“equivalence”

● How to produce effective Customer DueDiligence policies and procedures

● Managing high risk areas such as sanctions,PEPs and HNW Customers

● Effective systems and controls to monitorAML under new regulations

● Training staff in the wealth managementenvironment

● The regulators’ expectations and futureoutlook

Who should attendThis workshop is especially designed for professionalsin the private banking and wealth managementsector to clarify specific regulatory challenges andbenchmark AML approaches with industry peers. Itwill be of value to professionals from: ● AML/CTF● Financial Crime● Compliance● Risk and Internal Audit departments● Employees in client facing roles who either

face conflicts and/or ‘relationshipmanagement’ dilemmas

This course can be delivered as a 2 (UK) orglobally if combined with another course or as astandalone 3 day (global) programme.

8

Anti-Money LaunderingBriefing for LegalProfessionals

This one day briefing is essential for all fee earnersand partners in legal firms to update them on theirobligations in relation to anti money launderingissues. The briefing has been fully revised andupdated to reflect the Money LaunderingRegulations 2007, the Law Society Practice Noteon AML September 2007, and the emphasis onfollowing a risk-based approach. The Seminarfocuses on:

● The changed regulatory landscape● Solicitors Code of Conduct and the role of

the SRA● Law Society Practice Note September 2007

as amended ● The Risk Based Approach● Law Society December 2007 paper “Your

Clients- Your Business!”● Partner and fee earner responsibilities

Who should attend?● Fee earners and partners in legal firms● Any other staff with direct exposure to

clients● Those responsible for record keeping andaccounting

This course can be delivered as a 1 Day Updateor Refresher in combination with any 2 day orlonger course for non-UK training venues.

Preventing, Detectingand InvestigatingFinancial Crime

Any company or institution can be a victim, actuallyor potentially, to one of the many facets of financialcrime, e.g. money laundering, fraud, computerintrusion, terrorist financing. Would you know howto prevent it, detect it or investigate it? This 3- daycourse is designed to complement an institution’sexisting practices in the areas of financial crime. Itexplores these areas in depth, offering practicaladvice derived from a wealth of practical first-handexperiences and delivered in an interactive manner.

This course will engender lively debate andreinforce any institutions existing anti financial crimeregime.

On completion of the course, attendees will have:

● An awareness of financial crime issues● Examined case studies to reinforce the

practical theories● The basic knowledge to be able to create a

preventative ethos within an institution● The knowledge to be able identify potential

criminal activity● The ability to gather evidence and investigate

potential or actual criminal activity● The confidence to bring the investigation to a

conclusion

Who should attend?● Money Laundering reporting Officers

(MLRO’s)● Fraud and Risk Management● Compliance Officers● Business stream heads● Heads of Financial Crime● Human Resources Management● Nominated Officers● In-house Legal Counsel

This 3-day course is available stand-alone or incombination with another 2-day courseworldwide.

9 10

For your consideration

Additional Risk RewardservicesConsulting ServicesRisk Reward provides independent, impartial andhighly professional consultancy services acrossnearly all disciplines in the financial and bankingsectors. We operate in most parts of the world,specialising in emerging markets and operate mainlywithin Europe, the Middle East, Africa, and Asia. Ourservices include introducing risk controls,procedures and processes, credit market andoperational risk, Basel II implementation andcompliance, analysis, valuation for mergers andacquisitions and general advice. We have over 450specialist consultants available to assist your needs.For more information please contact LisetteMermod at LM@riskrewardlimited.com or ring+44 (0)20 7638 5558

Training ServicesAt Risk Reward we offer a vast range of trainingprogrammes covering almost every aspect of risk

management, corporate governance, banking,treasury, investment banking and a variety of othersubjects. The key to our clients’ success is that wefind out from the client exactly what their trainingneeds are beforehand and then engage our experttrainers to design and write course materials toorder. For more information please contactCariska Pieters at CP@riskrewardlimited.com orring +44 (0)20 7638 5559

Additional brochuresavailable● Risk Management● Internal Audit ● Training Course Catalogue

If you would like to be sent a copy of any of thebrochures, please contact us at any time with yourrequest or alternatively visit our website fordownloadable versions.

Please visit our website www.riskrewardlimited.com for more detailed information.