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Quest Training

Financial Crime Risk Management

Gives bankers a risk-based approach to money laundering, fraud, bribery, sanctions breaches and cyber-enabled financial crime across all business operations.

CAF · Compliance, AML & Financial Crime#1040Classroom
Duration
5 Days
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Free substitution at any time · 30+ days' notice: full refund minus 10%. Cancellation policy

Sectors:Finance, Investment & BankingCategories:Compliance, AML & Financial Crime

Course Overview

Financial Crime Risk Management is a comprehensive professional training course designed to equip banking and financial professionals with the knowledge, strategic insight, and practical skills required to identify, assess, monitor, and mitigate financial crime risks across financial institutions. As financial crime continues to evolve through increasingly sophisticated methods involving digital technologies, cross-border transactions, cyber-enabled fraud, sanctions evasion, and complex criminal networks, effective Financial Crime Risk Management has become a strategic priority for protecting institutions, maintaining regulatory compliance, preserving organizational reputation, and strengthening financial system integrity. This course provides participants with a structured understanding of internationally recognized Financial Crime Risk Management frameworks and best practices. Participants will explore the full spectrum of financial crime risks, including money laundering, terrorist financing, fraud, bribery and corruption, sanctions compliance, cyber-enabled financial crime, insider threats, identity theft, and emerging financial crime typologies. The program emphasizes a risk-based approach that enables institutions to allocate resources effectively while strengthening governance, compliance, and operational resilience. The program also examines governance structures, enterprise-wide financial crime risk assessments, customer due diligence, enhanced due diligence, beneficial ownership identification, transaction monitoring, sanctions screening, suspicious activity reporting, fraud prevention, regulatory reporting, and internal control frameworks. Participants will gain practical knowledge of how Financial Crime Risk Management integrates with Enterprise Risk Management, compliance functions, internal audit, operational risk management, and corporate governance to create a robust financial crime prevention framework. Through practical case studies, interactive workshops, and real-world financial crime scenarios, participants will strengthen their ability to assess institutional vulnerabilities, implement effective financial crime controls, evaluate emerging threats, and support executive decision-making. By the end of the course, participants will be equipped to strengthen financial crime compliance programs, reduce regulatory and reputational risks, improve organizational resilience, and support sustainable business operations through effective Financial Crime Risk Management.

Learning Objectives

  • Analyze Financial Crime Risk Management principles and evaluate their implementation within banking and financial institutions by the end of the course.
  • Develop comprehensive risk-based methodologies for identifying, assessing, monitoring, and mitigating financial crime risks across business operations.
  • Evaluate institutional exposure to money laundering, terrorist financing, fraud, bribery, corruption, sanctions violations, cyber-enabled financial crime, and other emerging financial crime threats.
  • Apply customer due diligence, enhanced due diligence, beneficial ownership verification, and ongoing monitoring procedures using internationally recognized best practices.
  • Design enterprise-wide Financial Crime Risk Management frameworks aligned with regulatory expectations and organizational objectives.
  • Improve financial crime detection through effective transaction monitoring, sanctions screening, suspicious activity reporting, and fraud prevention controls.
  • Strengthen governance and internal control frameworks supporting financial crime risk management and regulatory compliance.
  • Implement financial crime risk reporting processes, governance dashboards, and Key Risk Indicators (KRIs) that support executive oversight.
  • Assess emerging financial crime risks associated with financial technology, digital banking, virtual assets, artificial intelligence, and third-party relationships.
  • Align Financial Crime Risk Management practices with Enterprise Risk Management, corporate governance, and international regulatory requirements before course completion.

Who Should Attend

This course is designed for Financial Crime Risk Managers, Compliance Managers, Anti-Money Laundering (AML) Managers, Counter-Terrorist Financing (CTF) Specialists, Fraud Risk Managers, Enterprise Risk Managers, Operational Risk Managers, Internal Audit Managers, Internal Control Managers, Governance Professionals, Regulatory Affairs Specialists, Financial Crime Investigators, Sanctions Compliance Officers, Customer Due Diligence Analysts, and professionals responsible for financial crime prevention within banks and financial institutions. The program is equally valuable for Chief Risk Officers, Chief Compliance Officers, Chief Audit Executives, Executive Management Teams, Board Risk Committee members, Audit Committee members, Legal and Regulatory Professionals, Treasury Managers, Digital Banking Managers, FinTech Compliance Specialists, Central Bank Professionals, Financial Regulators, Insurance Companies, Investment Firms, Payment Service Providers, and senior decision-makers responsible for governance, compliance, financial crime prevention, and enterprise-wide risk management.

Learning Outcomes

  • By the end of this course, participants will be able to:
  • Develop an integrated Financial Crime Risk Management framework aligned with international standards and regulatory expectations.
  • Identify, assess, and prioritize financial crime risks affecting banking and financial institutions.
  • Apply risk-based customer due diligence, enhanced due diligence, and beneficial ownership verification processes.
  • Design effective transaction monitoring, sanctions screening, and suspicious activity reporting procedures.
  • Evaluate fraud risks, cyber-enabled financial crime threats, and emerging criminal typologies affecting financial institutions.
  • Develop governance structures, internal controls, and compliance programs that strengthen financial crime prevention.
  • Prepare executive-level financial crime risk reports and governance dashboards for senior management and boards.
  • Integrate Financial Crime Risk Management with Enterprise Risk Management and corporate governance frameworks.
  • Assess emerging risks associated with digital banking, virtual assets, financial technology, and third-party relationships.
  • Develop a practical implementation roadmap to strengthen Financial Crime Risk Management, regulatory compliance, organizational resilience, and institutional integrity.

Course Outline

Course Outline:

Day 1

Foundations of Financial Crime Risk Management

  • Principles and objectives of Financial Crime Risk Management
  • Types and characteristics of financial crimes
  • International regulatory frameworks and industry best practices
  • Governance structures and organizational responsibilities
  • Practical application: Conducting a financial crime risk assessment for a financial institution
Day 2

Risk-Based Financial Crime Prevention

  • Enterprise-wide financial crime risk assessment methodologies
  • Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD)
  • Beneficial ownership identification
  • Customer, product, channel, and geographic risk assessment
  • Practical application: Developing customer risk profiles and financial crime risk assessments
Day 3

Monitoring, Detection, and Investigation

  • Transaction monitoring frameworks
  • Sanctions screening and watchlist management
  • Suspicious activity identification and reporting
  • Financial crime investigations and case management
  • Practical application: Analyzing suspicious transaction scenarios and preparing investigation reports
Day 4

Emerging Financial Crime Risks and Governance

  • Fraud risk management and cyber-enabled financial crime
  • Financial technology, digital banking, and virtual asset risks
  • Internal controls, governance, and independent assurance
  • Building a strong financial crime compliance culture
  • Practical application: Evaluating governance effectiveness and strengthening financial crime controls
Day 5

Building a High-Performance Financial Crime Risk Management Framework

  • Integrating Financial Crime Risk Management with Enterprise Risk Management
  • International best practices and regulatory developments
  • Continuous improvement of financial crime compliance programs
  • Performance measurement and governance effectiveness
  • Final workshop: Developing a comprehensive Financial Crime Risk Management implementation plan that includes enterprise risk assessments, customer due diligence, transaction monitoring, sanctions compliance, fraud prevention, governance enhancements, internal control improvements, executive reporting, emerging risk management, and continuous improvement initiatives to strengthen regulatory compliance, organizational resilience, institutional integrity, and sustainable business performance.

Upcoming Dates

Selected date

Riyadh · 4 – 8 Jan 2027 · Classroom

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CityDatesPrice per ParticipantEarly Bird
Kuala LumpurScheduled
2 – 6 Nov 2026€4,400—
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MadinahScheduled
2 – 6 Nov 2026€4,200—
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ViennaScheduled
2 – 6 Nov 2026€5,700—
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LisbonScheduled
9 – 13 Nov 2026€5,400—
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LondonScheduled
16 – 20 Nov 2026€5,600—
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AmmanScheduled
16 – 20 Nov 2026€3,100—
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MadridScheduled
23 – 27 Nov 2026€5,400€4,860until 2 Nov
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BangkokScheduled
23 – 27 Nov 2026€6,100€5,490until 2 Nov
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MakkahScheduled
30 Nov – 4 Dec 2026€4,200€3,780until 9 Nov
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BarcelonaScheduled
30 Nov – 4 Dec 2026€5,400€4,860until 9 Nov
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MilanScheduled
7 – 11 Dec 2026€6,000€5,400until 16 Nov
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BerlinScheduled
7 – 11 Dec 2026€5,800€5,220until 16 Nov
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ManamaScheduled
7 – 11 Dec 2026€4,700€4,230until 16 Nov
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CairoScheduled
14 – 18 Dec 2026€3,300€2,970until 23 Nov
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MuscatScheduled
14 – 18 Dec 2026€5,300€4,770until 23 Nov
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OnlineScheduled
20 – 24 Dec 2026€1,700€1,530until 30 Nov
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MadridScheduled
21 – 25 Dec 2026€5,400€4,860until 30 Nov
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CasablancaScheduled
21 – 25 Dec 2026€4,300€3,870until 30 Nov
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ParisScheduled
28 Dec 2026 – 1 Jan 2027€5,700€5,130until 7 Dec
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DohaScheduled
28 Dec 2026 – 1 Jan 2027€4,400€3,960until 7 Dec
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MakkahScheduled
28 Dec 2026 – 1 Jan 2027€4,200€3,780until 7 Dec
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DubaiScheduled
3 – 7 Jan 2027€4,400€3,960until 14 Dec
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ManamaScheduled
4 – 8 Jan 2027€4,700€4,230until 14 Dec
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RiyadhScheduled
4 – 8 Jan 2027€4,200€3,780until 14 Dec
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GenevaScheduled
11 – 15 Jan 2027€6,300€5,670until 21 Dec
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MuscatScheduled
11 – 15 Jan 2027€5,300€4,770until 21 Dec
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SalalahScheduled
11 – 15 Jan 2027€5,300€4,770until 21 Dec
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OnlineScheduled
17 – 21 Jan 2027€1,700€1,530until 28 Dec
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TunisiaScheduled
18 – 22 Jan 2027€3,800€3,420until 28 Dec
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IstanbulScheduled
18 – 22 Jan 2027€4,700€4,230until 28 Dec
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Available in: Istanbul · Dubai · London · Riyadh · Doha · Amsterdam

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