The Financial Crime Forum to launch 'Human Approach' on Advanced Due Diligence & Critical Updates on Money Laundering & New Sanctions Risk in Singapore, HK, Jakarta, London, Bristol

Online, June 17, 2010 (Newswire.com) - 17 June 2010 - Singapore, Hong Kong, Jakarta, London, Bristol

Latest research released - 'Human Approach' on Advanced Due Diligence & Critical Updates on Money Laundering & New Sanctions Risk - Singapore, HK, Jakarta, London, Bristol - 2010

In conjunction with our latest research on the subject matter, The Financial Crime Forum is launching a course on 'Human Approach' on Advanced Due Diligence across the region.

In the same way as when we first released on the concept of Hawala transactions and Phishing trends many years ago, the course will identify new risk areas where we believe financial crime will develop.

The course will also introduce the 'human approach' which we believe will stir up a storm in the industry.

*Day One: Advanced Due Diligence on Human Approach*

An unprecedented Course to redefine Advanced Due Diligence!

The Course does not deal with documentary identification, watch lists and routine transaction monitoring. It uses a mix of case studies, mind-challenging exercises and tests to disclose how criminals can exploit human weaknesses to bypass your entire due diligence systems and controls and how criminals manipulate to get past your front-liners and sales staff and negate your AML /CFT training.

The Course redefines 'Advanced Due Diligence' based on human interaction and psychological behaviours. In this Course, you will come across techniques that will help you identify false information - even before trying to verify it using official channels, giving you early warning and to identify potential fraudsters and money launderers from non-financial data.

With approaches derived from psychology and related fields, this Course will challenge perceptions and cause a serious re-think of how you and your organisation set rules to identify suspicious transactions and persons.

*Day Two: Critical updates on Money Laundering & New Sanctions Risk*

We will draw special attention on the latest changes on FATF in February 2010 and to
evaluate how the new changes impacts upon you and your business. In the afternoon we
will discuss the sanctions risk.

While the continued impact of the FATF has been augmented by the increasingly hostile use of the USA PATRIOT Act and other sanctions legislation, for example sanctions now brought under the umbrella of OFAC, that questions of compliance with US sanctions is now a live issue for business in all financial sectors across the regions.

In the afternoon we will discuss the sanctions risk.

Sanctions say what you cannot buy or sell, and who you cannot sell to or buy from. Sanctions say who your bankers can and cannot deal with, either directly or indirectly.

Sanctions apply to banks, insurance companies, others in financial services AND to trading companies in all manner of industries.

If you or your company breaches sanctions, then you might find that assets are frozen or/and people are sent to jail.

Sanctions risk is a critically important issue that must not be neglected.

Additionally, there are a variety of sanc

Passtions that impact upon trade relations and which are increasingly forming part of the new challenge for Risk and Compliance management.

All of this means that Compliance Personnel are subject to rapid change both within their countries of operation and crucially, in the countries where their clients do business.

Topic include what sanctions are, how they work, what risks your business faces and the changing role of the compliance officer and the increased AML obligations, personal risks and liabilities he/she faces.

*Course Leader*

Nigel Morris-Cotterill is recognised as one of the world’s leading counter-money laundering strategists: he sees, often several years in advance, issues that will affect the way your institution designs and implements its compliance regime.

Money laundering risks that Nigel explained in the mid 1990s and which were then seen as peripheral or even non-existent are now regarded as mainstream methods of laundering.

Nigel is frequently invited to speak at and chair conferences all over the world. He is highly regarded by the international media for which he is frequently being quoted in the international media, for example BBC, CNBC and many others.

Ten years ago, Nigel introduced the concept of risk assessment and management into counter-money laundering systems. Now regulators require all institutions are bound to undertake customer assessments on a risk-assessed basis.

Nine years ago, he warned of risks in hawala-type transactions: now countries are clamping down on such systems.

Seven years ago he warned of techniques for fraud and money laundering on the internet, including copying websites and sending letters to invite people to place their details into those fake websites: now phishing is a pandemic.

So, what is his next forecast for the new money laundering trend, one day, you will wish you had been there to hear?

To find out about Nigel, please enter "nigel morris-cotterill money laundering' into 'www.google.com'

*Where and When and How Much*

Singapore: 14th and 15th June (Monday and Tuesday)

Jakarta: 21st and 22nd June (Monday and Tuesday)

Hong Kong: 24th and 25th June (Thursday and Friday)

London: 2nd and 3rd August (Monday and Tuesday)

Bristol: 27th and 28th July (Tuesday and Wednesday)

*CPE*http://www.prfocus.com/post.html

6 CPE hours per day, 12 hours for full course.

*Who should attend this course*

- Compliance and money laundering officers/directors
- Risk officers
- Internal audit
- Regulators and inspectors
- Human Resources Managers
- Finance Managers

To request for registration form please visit www.financialcrimeforum.com