Financial Crime: Processes & Technology

The only Financial Crime course on Udemy where you'll learn the in depth skills that are a must have for working in Financial Crime. In 10+ hours, you'll learn specialised skills, that are in high demand and hard to find across Anti Money Laundering (AML), Counter Terrorism Financing (CTF), Customer Identification, Sanctions, Politically Exposed Persons and Fraud (including External and Employee fraud). This course is suitable for anyone looking to become a KYC analyst, Compliance manager, Financial Crime analytics specialist...Or you may be looking to broaden out your existing financial services, risk, compliance, technology and analytics experience.Either way, this is the only course you need if you are serious about learning about financial crime from someone who has led teams implementing financial crime processes, technology...and running financial crime operations teams. Averaging an excellent 4.5+ star rating on Udemy, I am an experienced (20+ years of risk, technology and digital expertise) and in demand instructor who offers engaging, informative, and fun courses. You'll find plenty of geeky humour along with lots of explanations and animations to make sure everything is easy to understandPlus...You'll save over $10,000 by enrolling, because that's what it costs (at a minimum) to learn the specialist financial crime processes and technology knowledge I teach that are offered through formal degrees, and specialist certification programs. Why spend any more than you have to?This is the most comprehensive Financial Crime course you'll find on Udemy. I provide you with step by step knowledge across:

Understanding the fundamentals of financial crime - from money laundering, terrorism financing, fraud, sanctions, corruption and bribery and cybercrime.
Real life examples of financial crime (including typologies) and the vulnerabilities that criminals were able to exploit
Transaction Monitoring - including understanding the functionality, how to create transaction monitoring scenarios through to fine tuning Transaction Monitoring Systems (TMS) and using sandboxes to ensure operational efficiencies.
KYC - from customer identification, Customer Due Diligence (CDD), Enhanced Due Diligence (EDD) processes through to KYC technology functionality and use cases. I also cover Correspondent Banking too.
Politically Exposed Persons (PEPs) - from the processes through to name filtering technology that process millions of customer records ever day.
Sanctions - from the obligations, the lists (like OFAC - SDN) through to the processes and technologies that banks use every day to screen millions of transactions real time.
Fraud - whether it's external fraud like card fraud, or application fraud through to employee fraud (including expenses fraud, ghosting and defrauding of customers). I've got you covered with the detection processes that banks use, and how technology like transaction monitoring and application fraud detection are essential.

Engaging animated video lectures from a slightly quirky instructor (just letting you know in advance. )
Quizzes & Challenging assignments
Downloadable lecture summaries
Heaps of specially curated resources that will keep you interested and learning
$8,000+ worth of financial crime course materials and course curriculum
A completion certificate that you can share with any employer

This is the most comprehensive Financial Crime course you'll find on Udemy. I provide you with step by step knowledge across:

Understanding the fundamentals of financial crime - from money laundering, terrorism financing, fraud, sanctions, corruption and bribery and cybercrime.
Real life examples of financial crime (including typologies) and the vulnerabilities that criminals were able to exploit
Transaction Monitoring - including understanding the functionality, how to create transaction monitoring scenarios through to fine tuning Transaction Monitoring Systems (TMS) and using sandboxes to ensure operational efficiencies.
KYC - from customer identification, Customer Due Diligence (CDD), Enhanced Due Diligence (EDD) processes through to KYC technology functionality and use cases. I also cover Correspondent Banking too.
Politically Exposed Persons (PEPs) - from the processes through to name filtering technology that process millions of customer records ever day.
Sanctions - from the obligations, the lists (like OFAC - SDN) through to the processes and technologies that banks use every day to screen millions of transactions real time.
Fraud - whether it's external fraud like card fraud, or application fraud through to employee fraud (including expenses fraud, ghosting and defrauding of customers). I'll see you inside.

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Examines financial crime, a prevalent challenge in the industry

Taught by an experienced instructor with 20+ years in risk, technology, and digital expertise

Emphasizes in-depth skills essential for financial crime investigation

Covers a wide range of financial crime topics, including money laundering, terrorism financing, fraud, and sanctions

Provides practical examples and insights into real-life financial crime cases

Offers valuable resources, including quizzes, assignments, downloadable summaries, and curated materials

Reviews summary

Comprehensive financial crime masterclass

According to learners, this course is a highly comprehensive and practical masterclass on financial crime, praised for its depth across crucial topics like AML, KYC, Sanctions, PEPs, and Fraud. Students commend the instructor's extensive real-world experience and engaging teaching style, which includes clear explanations and helpful animations. Many found it provided invaluable insights into both processes and technology used in the field, filling significant knowledge gaps. While some noted a dense content load or wished for more hands-on technical exercises, the general consensus is that it offers exceptional value for career advancement in financial crime compliance.

Supplementary materials are present but some desire more challenge.

"While comprehensive, I felt some of the quizzes could be more challenging to truly test understanding."

"The downloadable summaries were very helpful for review and retention."

"The quizzes and assignments provided a solid way to reinforce my learning."

Effectively covers both operational processes and relevant technologies.

"The technological aspects were well-explained, making it highly relevant for today's financial landscape."

"I especially appreciated the deep dive into Transaction Monitoring Systems and fine-tuning."

"I liked the focus on how technology supports the processes in financial crime."

Taught by an experienced instructor with an engaging delivery.

"The instructor's 20+ years of experience really shine through; they are very engaging."

"The instructor explains complex concepts with real-world examples, and the quirky humor is a plus."

"Engaging, informative, and fun—the explanations and animations made everything easy to understand."

Offers highly practical knowledge with relevant industry examples.

"The instructor explains complex concepts with real-world examples, making it so easy to grasp."

"This course provided the comprehensive overview I needed, offering invaluable insights into practical applications."

"I finally understand the practical applications of financial crime prevention after taking this course."

Offers significant knowledge at a fraction of the cost of alternatives.

"This course is a game-changer! I've spent thousands on other programs, and this one covers more."

"It’s incredibly practical and much cheaper than other certifications for financial crime."

"You'll save over $10,000 compared to formal degrees and specialist certification programs."

Provides an in-depth and broad understanding of financial crime.

"This course provides the comprehensive overview I needed across AML, KYC, Sanctions, and Fraud."

"Absolutely invaluable for anyone serious about financial crime, covering crucial topics deeply."

"It’s truly a masterclass, breaking down everything from PEPs to CDD/EDD processes beautifully."

Expectations vary regarding the practical depth of technology modules.

"For a 'Masterclass' on technology, I expected more actual demonstrations or labs with the systems."

"I wish there were more hands-on exercises with actual systems, not just theoretical explanations."

"Some parts felt a little fast-paced, particularly on the advanced technology, but overall, it's excellent."

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Financial Crime: Processes & Technology - Masterclass with these activities:

Review AML Laws and Regulations

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Understanding the regulatory framework of AML is key to effectively identifying and mitigating financial crime.

Browse courses on Money Laundering

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Review the Bank Secrecy Act (BSA) and its amendments
Examine the Patriot Act and its impact on AML compliance
Study the Financial Crimes Enforcement Network (FinCEN) regulations

Brush up on your basic accounting principles

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Reviewing the core concepts of accounting will put you on a stronger footing for understanding the financial crime content

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Review your notes or textbook from a previous accounting course
Take a practice quiz or mock exam

Read 'Financial Crime Prevention Handbook' by Jonathan Hill

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This book provides a comprehensive overview of financial crime prevention techniques and best practices

View City of Equals on Amazon

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Read through the book and take notes
Complete the practice questions and exercises provided in the book

Ten other activities

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Analyze Suspicious Transactions

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Developing the ability to identify suspicious transactions is crucial in detecting financial crime.

Browse courses on Transaction Monitoring

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Practice using transaction monitoring tools
Review case studies and analyze suspicious activity patterns
Complete mock SAR filing exercises

Practice identifying financial crime typologies

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Practicing the identification of financial crime typologies will help you develop a keen eye for potential red flags

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Use a practice dataset to identify different types of financial crime
Create a cheat sheet of common financial crime typologies

Follow the 'Financial Crime Investigation Techniques' tutorial series

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This tutorial series will walk you through the steps of investigating financial crimes

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Watch the tutorial videos and take notes
Complete the practice exercises provided in the tutorial series

Join a study group or online forum for financial crime practitioners

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Engaging with other financial crime practitioners will help you stay up-to-date on the latest trends and best practices

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Find a study group or online forum for financial crime practitioners
Participate in discussions and ask questions related to the course material

Master Fraud Detection Techniques

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Gaining expertise in fraud detection techniques will enhance your ability to protect against financial losses.

Browse courses on Fraud Detection

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Enroll in online tutorials on fraud detection methods
Study industry best practices and case studies
Experiment with fraud detection software and tools

Write a blog post about a recent financial crime case

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Writing about a real-world financial crime case will help you apply the concepts you've learned in the course

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Research a recent financial crime case
Write a blog post about the case, explaining the crime, the methods used, and the impact

Create a presentation on a financial crime topic

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Creating a presentation will force you to synthesize the information you've learned and present it in a clear and concise manner

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Choose a financial crime topic
Research the topic and gather information
Create a presentation using slides or other visual aids

Attend an AML Compliance Workshop

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Attending industry workshops will provide valuable insights and updates on the latest AML compliance practices.

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Identify and register for relevant AML compliance workshops
Actively participate in discussions and networking sessions
Follow up with speakers and attendees to expand knowledge

Develop a financial crime risk assessment model

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Building a risk assessment model will give you a deeper understanding of the factors that contribute to financial crime risk

Browse courses on Risk Assessment

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Gather data on financial crime incidents
Identify the risk factors associated with financial crime
Develop a risk assessment model using statistical or machine learning techniques

Develop a Financial Crime Risk Assessment

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Creating a risk assessment will help you identify and prioritize financial crime risks specific to your organization.

Browse courses on Risk Management

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Gather data on potential financial crime risks
Analyze the data and identify key risk areas
Develop mitigation strategies for each risk
Present the risk assessment to stakeholders

Career center

Learners who complete Financial Crime: Processes & Technology - Masterclass will develop knowledge and skills that may be useful to these careers:

Bank Examiner

Bank Examiners are responsible for ensuring that banks are following the law and complying with regulations. They review bank records, interview bank staff, and assess the bank's overall financial health. This course can help you prepare for a career as a Bank Examiner by providing you with a deep understanding of financial crime and the processes and technologies used to detect and prevent it. You will learn about money laundering, terrorist financing, fraud, sanctions, and other financial crimes. You will also learn about transaction monitoring, KYC, and other financial crime detection and prevention technologies.

See salaries and explore the career path for Bank Examiner

Compliance Analyst

Compliance Analysts help to ensure that companies comply with laws, regulations, and internal policies. They review company records, conduct audits, and develop compliance programs. This course can help you prepare for a career as a Compliance Analyst by providing you with a comprehensive understanding of financial crime and the processes and technologies used to detect and prevent it. You will learn about money laundering, terrorist financing, fraud, sanctions, and other financial crimes. You will also learn about transaction monitoring, KYC, and other financial crime detection and prevention technologies.

See salaries and explore the career path for Compliance Analyst

Forensic Accountant

Forensic Accountants investigate financial crimes, such as fraud, money laundering, and embezzlement. They analyze financial records, interview witnesses, and prepare reports for law enforcement and other stakeholders. This course can help you prepare for a career as a Forensic Accountant by providing you with a solid foundation in financial crime and the processes and technologies used to detect and prevent it. You will learn about money laundering, terrorist financing, fraud, sanctions, and other financial crimes. You will also learn about transaction monitoring, KYC, and other financial crime detection and prevention technologies.

See salaries and explore the career path for Forensic Accountant

Fraud Analyst

Fraud Analysts investigate and prevent fraud. They analyze financial data, identify suspicious activity, and develop fraud detection and prevention strategies. This course can help you prepare for a career as a Fraud Analyst by providing you with a comprehensive understanding of financial crime and the processes and technologies used to detect and prevent it. You will learn about money laundering, terrorist financing, fraud, sanctions, and other financial crimes. You will also learn about transaction monitoring, KYC, and other financial crime detection and prevention technologies.

See salaries and explore the career path for Fraud Analyst

KYC Analyst

KYC Analysts help banks and other financial institutions comply with KYC regulations. They review customer information, assess risk, and make decisions about whether or not to open accounts or approve transactions. This course can help you prepare for a career as a KYC Analyst by providing you with a deep understanding of KYC processes and technologies. You will learn about customer identification, customer due diligence, enhanced due diligence, and other KYC requirements. You will also learn about KYC technology, such as name screening and transaction monitoring.

See salaries and explore the career path for KYC Analyst

AML Analyst

AML Analysts help banks and other financial institutions comply with AML regulations. They review customer information, assess risk, and make decisions about whether or not to open accounts or approve transactions. This course can help you prepare for a career as an AML Analyst by providing you with a deep understanding of AML processes and technologies. You will learn about money laundering, terrorist financing, and other financial crimes. You will also learn about AML technology, such as transaction monitoring and sanctions screening.

See salaries and explore the career path for AML Analyst

Risk Analyst

Risk Analysts assess risk and develop strategies to mitigate it. They work in a variety of industries, including banking, insurance, and healthcare. This course can help you prepare for a career as a Risk Analyst by providing you with a solid understanding of financial crime and the processes and technologies used to detect and prevent it. You will learn about money laundering, terrorist financing, fraud, sanctions, and other financial crimes. You will also learn about risk assessment, risk management, and other risk management techniques.

See salaries and explore the career path for Risk Analyst

Financial Crime Investigator

Financial Crime Investigators investigate financial crimes, such as money laundering, terrorist financing, and fraud. They work for law enforcement agencies, banks, and other financial institutions. This course can help you prepare for a career as a Financial Crime Investigator by providing you with a deep understanding of financial crime and the processes and technologies used to detect and prevent it. You will learn about money laundering, terrorist financing, fraud, sanctions, and other financial crimes. You will also learn about financial crime investigation techniques, such as interviewing witnesses, analyzing financial records, and preparing reports.

See salaries and explore the career path for Financial Crime Investigator

Business Analyst

Business Analysts help businesses improve their processes and systems. They work in a variety of industries, including banking, insurance, and healthcare. This course can help you prepare for a career as a Business Analyst by providing you with a solid understanding of financial crime and the processes and technologies used to detect and prevent it. You will learn about money laundering, terrorist financing, fraud, sanctions, and other financial crimes. You will also learn about business analysis techniques, such as process mapping, data analysis, and requirements gathering.

See salaries and explore the career path for Business Analyst

IT Auditor

IT Auditors review IT systems and processes to ensure that they are secure and compliant with regulations. They work in a variety of industries, including banking, insurance, and healthcare. This course can help you prepare for a career as an IT Auditor by providing you with a solid understanding of financial crime and the processes and technologies used to detect and prevent it. You will learn about money laundering, terrorist financing, fraud, sanctions, and other financial crimes. You will also learn about IT auditing techniques, such as risk assessment, control testing, and reporting.

See salaries and explore the career path for IT Auditor

Cybersecurity Analyst

Cybersecurity Analysts protect computer systems and networks from cyberattacks. They work in a variety of industries, including banking, insurance, and healthcare. This course can help you prepare for a career as a Cybersecurity Analyst by providing you with a solid understanding of financial crime and the processes and technologies used to detect and prevent it. You will learn about money laundering, terrorist financing, fraud, sanctions, and other financial crimes. You will also learn about cybersecurity techniques, such as network security, intrusion detection, and incident response.

See salaries and explore the career path for Cybersecurity Analyst

Data Analyst

Data Analysts collect, clean, and analyze data to identify trends and patterns. They work in a variety of industries, including banking, insurance, and healthcare. This course can help you prepare for a career as a Data Analyst by providing you with a solid understanding of financial crime and the processes and technologies used to detect and prevent it. You will learn about money laundering, terrorist financing, fraud, sanctions, and other financial crimes. You will also learn about data analysis techniques, such as data mining, statistical analysis, and visualization.

See salaries and explore the career path for Data Analyst

Software Engineer

Software Engineers design, develop, and maintain software applications. They work in a variety of industries, including banking, insurance, and healthcare. This course can help you prepare for a career as a Software Engineer by providing you with a solid understanding of financial crime and the processes and technologies used to detect and prevent it. You will learn about money laundering, terrorist financing, fraud, sanctions, and other financial crimes. You will also learn about software engineering techniques, such as object-oriented programming, database design, and testing.

See salaries and explore the career path for Software Engineer

Financial Advisor

Financial Advisors help individuals and businesses manage their finances. They provide advice on investments, retirement planning, and other financial matters. This course may be useful for Financial Advisors who want to learn more about financial crime and the processes and technologies used to detect and prevent it.

See salaries and explore the career path for Financial Advisor

Financial Consultant

Financial Consultants provide advice to businesses on financial matters. They may help businesses raise capital, manage risk, or improve their financial performance. This course may be useful for Financial Consultants who want to learn more about financial crime and the processes and technologies used to detect and prevent it.

See salaries and explore the career path for Financial Consultant

Financial Crime

Processes & Technology - Masterclass

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Comprehensive financial crime masterclass

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