|Financial Crime and Compliance|AIBB|IBB|Banking Professional Exam|Syllabus Analysis|

You have to learn from this video
Financial Crime and Compliance (FCC)
Full Marks: 100
Module-A: Conceptual Issues and Terminology
 Financial Crime, Nature of Financial Crime, Key stakeholders of Financial Crime, Money
Laundering, Terrorist Financing, Sanctions, Bribery and Corruption. Predicate Offence, Reporting
Organizations, Investigative Agencies, Stages of ML, Bangladesh Financial Intelligence Unit (BFIU),
FATF, APG, Egmont Group, National Coordination Committee and National Taskforce on AMLCFT, Penalties.
Module-B: Financial Crime in the Key Functional Areas of Banking
 Nature of crimes in General Banking, Fraud and forgeries in Credit Operations, Malpractices and
crime in Trade Services and Foreign Exchange, Internal Control and Compliance (ICC) functions of
banks and Financial Crime.
Module-C: Financial Crime Risk Assessment
 ML/TF Risk Assessment Guidelines for Banking Sector; Identifying and Assessing Tarde Based
Money Laundering (TBML), Guidelines for Trade Based Money Laundering in Bangladesh;
Enterprise-wide, Business, Sector and Product level FC Risk; Geographic Risk, FATF Blacklists and
Gray-lists.
Module-D: Prevention, Detection and Reporting
 Customer, Beneficial Owner, Customer Acceptance Policy, KYC, Customer Risk Assessment/Rating,
Customer Due Diligence (CDD), Enhaoinced Due Diligence (EDD), Periodic and Adhoc CDD/EDD
review, Name Screening; Transaction Profile (TP), Transaction Monitoring, TP Based Transaction
Monitoring, Automated Transaction Monitoring, Manual Transaction Monitoring, Transaction
Screening, Ongoing Name Screening, Media Monitoring. Self-Assessment, Cash Transaction
Reporting (CTR), Suspicious Transaction Reporting (STR), Suspicious Activity Reporting (STR),
Protection for good faith reporting, Reporting for Internal Governance, Negative Lists
Module-E: Sanctions, Anti-Bribery and Corruption
 Economic Sanctions, Various Types of Sanctions, US Sanctions, UN Sanctions, Bangladesh list,
Bribery, Corruption, Important definitions and provisions of Anti-Corruption Commission Act, 2004,
Penal Code provisions on Bribery, expatriation of corruption proceeds, Bribery & Corruption through
employment, internship, gifts, procurement, sponsorship and donations.
Module-F: Financial Crime Control (FCC) for New Economy
 FCC Risk Associated with new services and Technology, Fintech products, MFS, e-wallet,
transactional platforms, e-commerce sites, marketplace; Money Laundering in the New Payment
System.
Module-G: Compliance
 Concepts of Compliance and Compliance Risk, Identifying and Managing Compliance Risk, Various
Sub-Risks, Assessing Inherent and Residual Compliance Risk, Compliance Policies and Governance,
Regulatory Compliance, Independence of Compliance Function and role of all employees and senior
management for compliance.
References:
1. Sébastien Billot , Financial Crime Compliance
2. Kevin Sullivan Anti-Money Laundering in a Nutshell
3. John A. Cassara Money Laundering and Illicit Financial Flows
4. Jonathan E. Turner Money Laundering Prevention
5. Nkechikwu Valerie Azinge-Egbiri, Regulating and Combating Money Laundering and Terrorist Financing
6. Patrick Kabamba, Know Your Customer (KYC) Policy
7. Jonathan E. Turner, Policing Financial Crime: Intelligence Strategy Implementation
8. Money Laundering & Terrorist Financing Risk Management Guidelines, Bangladesh Bank
9. Guidance notes on AML and CFT

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