Fraud refers to intentional deception or misrepresentation made for personal gain or to cause harm to others. Fraud can take many forms, including financial fraud, identity theft, insurance fraud, and healthcare fraud. It can be committed by individuals, organizations, or even governments.

Financial fraud involves the illegal obtaining of funds or assets through deceitful means. Common types of financial fraud include:

1. Investment Fraud: Investment fraud involves the misrepresentation of investment opportunities to deceive investors and induce them to invest their money. This type of fraud can include Ponzi schemes, pyramid schemes, and pump-and-dump schemes.

2. Credit Card Fraud: Credit card fraud involves the unauthorized use of credit cards or credit card information to make purchases or obtain cash advances. This type of fraud can include stolen credit cards, identity theft, and counterfeit credit cards.

3. Check Fraud: Check fraud involves the illegal use of checks to obtain funds or goods. This type of fraud can include forging checks, altering checks, and using stolen or counterfeit checks.

Identity theft involves the stealing of personal information, such as a person's name, address, date of birth, social security number, and credit card information. This information is then used to commit fraud or other illegal activities. Common types of identity theft include:

1. Financial Identity Theft: Financial identity theft involves the use of a person's personal information to obtain credit, loans, or other financial products. This type of identity theft can result in significant financial losses for the victim.

2. Medical Identity Theft: Medical identity theft involves the use of a person's personal information to obtain medical services, prescriptions, or insurance benefits. This type of identity theft can result in incorrect medical records, billing errors, and incorrect medical treatments.

Insurance fraud involves the intentional submission of false or misleading information to an insurance company for financial gain. Common types of insurance fraud include:

1. Health Insurance Fraud: Health insurance fraud involves the submission of false or misleading information to an insurance company to obtain healthcare services or insurance benefits.

2. Auto Insurance Fraud: Auto insurance fraud involves the submission of false or misleading information to an insurance company to obtain insurance benefits related to automobile accidents.

Healthcare fraud involves the submission of false or misleading information to obtain healthcare services or benefits. Common types of healthcare fraud include:

1. Billing Fraud: Billing fraud involves the submission of false or inflated claims to healthcare insurance companies for reimbursement.

2. Prescription Fraud: Prescription fraud involves the submission of false or misleading information to obtain prescription drugs or other medical supplies.

Fraud is a serious crime that can result in significant financial losses and harm to individuals and organizations. To prevent fraud, individuals and organizations should be vigilant in protecting their personal and financial information and should report any suspicious activity to the relevant authorities. Additionally, governments and law enforcement agencies should implement measures to detect and prevent fraud, such as increased regulation, enforcement, and education.

Anti-Money Laundering (AML) refers to a set of laws, regulations, and procedures designed to prevent criminals from disguising the proceeds of their illicit activities as legitimate income. Money laundering is a process that involves the conversion of "dirty" money, obtained through criminal activities such as drug trafficking, fraud, and corruption, into "clean" money that appears to have been obtained through legal means. The AML framework aims to detect and deter money laundering activities by financial institutions and other regulated entities.

The AML framework involves four key elements:

1. Risk Assessment: AML regulations require financial institutions and other regulated entities to conduct a risk assessment to identify the level of money laundering risk associated with their customers, products, services, and geographic locations. Based on this assessment, institutions must establish policies and procedures to mitigate the identified risks.

2. Customer Due Diligence (CDD): CDD is the process of verifying the identity of customers and assessing the risk associated with their activities. Financial institutions and other regulated entities must perform CDD on all customers to identify potential money laundering risks. This includes obtaining identifying information, such as government-issued IDs, and assessing the purpose of the customer's transactions.

3. Suspicious Activity Monitoring and Reporting: Financial institutions and other regulated entities must monitor customer transactions and report any suspicious activities to the relevant authorities. Suspicious activities include transactions that are unusual, inconsistent with the customer's known activities, or have no apparent economic or lawful purpose.

4. Compliance Management: AML regulations require institutions to establish an effective compliance management program that includes policies and procedures, training, and internal controls. The program should be designed to ensure compliance with AML laws and regulations, and must be updated regularly to reflect changes in the regulatory environment.

Failure to comply with AML regulations can result in significant legal and financial consequences. Regulators may impose fines, penalties, or other sanctions on financial institutions and other regulated entities that violate AML laws and regulations. In some cases, non-compliance can also lead to reputational damage and loss of business.

An AML framework is a critical component of the global effort to combat money laundering and other financial crimes. Financial institutions and other regulated entities must implement robust AML policies and procedures to prevent criminals from using their services to launder money. By conducting risk assessments, performing customer due diligence, monitoring for suspicious activity, and maintaining effective compliance programs, regulated entities can help to ensure that the financial system is not used for illicit purposes.

Information security refers to the protection of digital information and systems from unauthorized access, use, disclosure, disruption, modification, or destruction. This includes a wide range of assets, such as computer systems, networks, databases, applications, and other electronic devices.

The importance of information security has grown significantly in recent years, as more and more organizations rely on digital information and systems to conduct their business. Cyberattacks and data breaches have become increasingly common, and can have serious consequences for organizations and individuals, including financial losses, reputational damage, and legal liability.

To ensure information security, organizations need to implement a range of measures and controls, including:

1. Access controls: Access controls are used to limit who can access digital information and systems, and what actions they can perform once they are granted access. This can include using strong passwords, two-factor authentication, and role-based access controls.

2. Encryption: Encryption is used to protect sensitive information by converting it into an unreadable format that can only be accessed with a decryption key. This can include encrypting data at rest, in transit, and in use.

3. Firewalls: Firewalls are used to control network traffic and prevent unauthorized access to computer systems and networks. This can include using network segmentation to separate sensitive data from less sensitive data.

4. Antivirus and anti-malware software: Antivirus and anti-malware software is used to detect and remove malicious software, such as viruses, Trojans, and spyware, from computer systems and networks.

5. Employee training and awareness: Employee training and awareness programs can help to educate employees about the importance of information security, as well as how to recognize and respond to potential security threats.

6. Incident response planning: Incident response planning involves developing a plan for how to respond to a security incident, including identifying the types of incidents that could occur, the roles and responsibilities of employees, and the steps to be taken to contain and mitigate the incident.

In addition to these technical and procedural measures, information security also requires a strong culture of security within an organization. This includes promoting a culture of awareness and accountability, as well as ensuring that security is a key consideration in all business decisions.

Information security is an ongoing process, and organizations need to continually review and update their security measures to keep up with evolving threats and technologies. This requires a proactive approach to security, as well as a willingness to invest in the resources and expertise needed to effectively protect digital information and systems.

Cryptocurrency refers to a type of digital currency that uses cryptography to secure and verify transactions, as well as to control the creation of new units. Cryptocurrencies are decentralized, meaning they are not controlled by any central authority or government, and operate on a peer-to-peer network.

The most well-known cryptocurrency is Bitcoin, which was introduced in 2009. Since then, thousands of other cryptocurrencies, also known as altcoins, have been created, each with its own unique features and use cases.

One of the key features of cryptocurrency is its decentralized nature. Transactions are recorded on a public ledger, called the blockchain, which is maintained by a network of users. This means that there is no need for a central authority to oversee transactions, as all users have access to the same ledger and can verify transactions themselves.

Another key feature of cryptocurrency is its security. Transactions are verified using complex cryptographic algorithms, which make it virtually impossible to counterfeit or double-spend cryptocurrency. This makes it a highly secure method of transferring value, as transactions cannot be reversed once they have been confirmed on the blockchain.

One of the main advantages of cryptocurrency is its global accessibility. As long as you have an internet connection, you can send and receive cryptocurrency from anywhere in the world, without the need for intermediaries such as banks or payment processors. This can make it a faster and more cost-effective method of sending money internationally.

However, there are also some challenges and risks associated with cryptocurrency. One of the biggest challenges is its volatility. Cryptocurrency prices can be highly volatile, and can fluctuate rapidly based on market demand and other factors. This can make it a risky investment, and means that it may not be suitable for all investors.

There are also concerns around security and regulation. While cryptocurrency transactions are highly secure, there have been instances of hacking and theft of cryptocurrency, which can result in significant losses for investors. Additionally, there is a lack of clear regulation around cryptocurrency, which can create uncertainty and risk for investors.

Despite these challenges, cryptocurrency continues to grow in popularity and adoption. Many businesses are now accepting cryptocurrency as a payment method, and there are even dedicated cryptocurrency exchanges and wallets that allow users to buy, sell, and store cryptocurrency securely. As the technology behind cryptocurrency continues to evolve and mature, it is likely that we will see even more innovative use cases and applications in the future.

Arts and antiquities crime refers to criminal activities related to the theft, smuggling, and illegal trade of cultural artifacts, including artworks, antiques, and archaeological objects. These crimes are often motivated by the high market value of these items, as well as their historical and cultural significance.

Theft is one of the most common forms of arts and antiquities crime. Artworks and antiques are often stolen from museums, galleries, and private collections, either for personal use or for resale on the black market. This can involve breaking and entering, as well as more sophisticated thefts involving insider knowledge or the use of forgeries.

Smuggling is another common form of arts and antiquities crime. Cultural artifacts may be smuggled across borders to evade import and export regulations, or to avoid taxes and customs duties. Smuggling can involve falsifying documentation, hiding items in shipping containers, or transporting them by private plane or boat.

Illegal trade is another significant issue in the world of arts and antiquities crime. Stolen or smuggled cultural artifacts may be sold on the black market, often to wealthy collectors or dealers who are willing to pay high prices for rare or historically significant items. This illegal trade can be difficult to track, as it often takes place in secret and involves multiple intermediaries.

Arts and antiquities crime can have serious consequences for society and culture. These crimes can result in the loss of irreplaceable cultural treasures, as well as damage to historical sites and monuments. They can also contribute to the destabilization of regions and countries, by providing a source of funding for organized crime and terrorist groups.

Efforts to combat arts and antiquities crime involve a range of measures, including increased security at museums and galleries, improved regulations and enforcement around the import and export of cultural artifacts, and international cooperation and coordination between law enforcement agencies. There are also organizations and initiatives dedicated to raising awareness of the issue and promoting ethical practices in the arts and antiquities trade, such as the Art Loss Register and the International Council of Museums.

Interested in learning more about compliance in Casino Gaming? Visit the Association of Certified Gaming Compliance Specialists (ACGCS)

Compliance in casinos refers to the set of policies, procedures, and regulations that govern how casinos operate, and ensure that they adhere to legal and ethical standards. Compliance is a critical aspect of casino operations, as non-compliance can result in legal and financial penalties, damage to reputation, and loss of customer trust.

Compliance in casinos covers a range of areas, including gaming regulations, anti-money laundering laws, customer due diligence, responsible gaming practices, and data protection. Casinos must comply with local and national regulations, as well as industry standards and best practices.

One of the most important areas of compliance in casinos is gaming regulations. These regulations govern how casinos operate, including the types of games that can be offered, the odds and payouts of those games, and the rules around player conduct. Gaming regulations also cover areas such as licensing, taxation, and auditing, to ensure that casinos operate in a fair and transparent manner.

Anti-money laundering laws are another critical area of compliance for casinos. Casinos are vulnerable to money laundering due to the large amounts of cash that flow through their operations. AML regulations require casinos to implement procedures to identify and verify the identity of their customers, monitor transactions for suspicious activity, and report any suspicious transactions to the relevant authorities.

Customer due diligence is another important area of compliance in casinos. This involves verifying the identity of customers and assessing the risk that they pose to the casino. Casinos must also implement procedures to detect and prevent problem gambling, such as setting limits on betting and providing resources and support for customers who may be at risk.

Data protection is also an important aspect of compliance in casinos. Casinos collect and store large amounts of personal and financial information from their customers, and must take steps to protect this information from unauthorized access or theft. This can include implementing data security measures, such as encryption and access controls, as well as training employees on data protection best practices.

Overall, compliance is a critical aspect of casino operations, as it helps to ensure that casinos operate in a responsible and ethical manner. Compliance can help to protect casinos from legal and financial penalties, as well as damage to reputation, and can help to build trust and confidence among customers and stakeholders.

Governance and risk management are two critical aspects of organizational management that are designed to ensure that organizations operate in a responsible and ethical manner while minimizing the impact of potential risks.

Governance refers to the systems and processes by which an organization is directed and controlled. Effective governance requires clear policies and procedures, as well as oversight and accountability mechanisms to ensure that these policies are followed. Good governance also requires transparency and communication, both within the organization and with external stakeholders.

Risk management, on the other hand, is the process of identifying, assessing, and mitigating potential risks to an organization. This can include financial risks, operational risks, legal risks, reputational risks, and other types of risks that may impact an organization's ability to achieve its objectives.

Effective risk management involves the implementation of policies and procedures to identify and evaluate potential risks, as well as strategies to mitigate or avoid these risks. This can include the use of risk assessment tools and methodologies, as well as the implementation of controls and procedures to manage identified risks.

Governance and risk management are closely related, as effective governance is necessary to ensure that risk management policies and procedures are implemented and followed. This can include the establishment of risk management committees, the appointment of risk management officers, and the integration of risk management processes into overall strategic planning and decision-making.

Effective governance and risk management also require a culture of ethics and accountability within an organization. This involves promoting ethical behavior and decision-making, as well as holding individuals and groups accountable for their actions. This can include the implementation of codes of conduct and ethics, as well as the establishment of internal controls and audit functions to monitor compliance with these policies.

Governance and risk management are essential for organizations to operate in a responsible and sustainable manner. By implementing effective governance and risk management processes, organizations can minimize the impact of potential risks and ensure that they are operating in compliance with legal and ethical standards. This can lead to increased confidence and trust from stakeholders, as well as improved performance and sustainability in the long term.

Sanctions are measures imposed by governments or international organizations against a country, organization, or individual in response to behavior deemed unacceptable or illegal. Sanctions can be economic, political, or diplomatic in nature and are intended to apply pressure in order to change the targeted entity's behavior.

Sanctions can be imposed by individual countries, regional organizations, or international bodies such as the United Nations. Economic sanctions can include trade restrictions, financial penalties, and asset freezes, while political and diplomatic sanctions can include travel bans, restrictions on official visits, and the severing of diplomatic ties.

Sanctions are often used to respond to human rights violations, acts of aggression, support for terrorism, or the development of nuclear or other weapons of mass destruction. They can also be used as a tool of foreign policy, such as to pressure a country to change its policies or to address a particular issue.

Sanctions can have significant economic consequences for the targeted entity, as well as for countries or companies that do business with them. In some cases, sanctions can lead to shortages of essential goods and services, as well as social and humanitarian crises.

There are both advantages and disadvantages to the use of sanctions. One advantage is that they can be an effective way to apply pressure without resorting to military action, and can potentially lead to the resolution of conflicts through diplomacy. Sanctions can also signal a clear message of disapproval and demonstrate a commitment to human rights and international law.

On the other hand, sanctions can also be ineffective, particularly if they are not supported by other countries or if the targeted entity is able to find alternative sources of support. Sanctions can also have unintended consequences, such as harming innocent civilians or exacerbating humanitarian crises.

To be effective, sanctions must be carefully designed and implemented. They should be targeted at specific individuals or entities responsible for the behavior being addressed, rather than punishing entire populations or countries. Sanctions should also be accompanied by clear and realistic objectives, and should be reviewed and adjusted as necessary.

In recent years, sanctions have become an increasingly popular tool of foreign policy, particularly in response to human rights violations and the development of weapons of mass destruction. As such, it is important for policymakers and international organizations to continue to assess the effectiveness of sanctions and to ensure that they are used in a responsible and ethical manner.

Bribery and corruption refers to the practice of offering or accepting something of value, such as money or gifts, in exchange for influence or favors. Bribery and corruption can occur in any industry or sector, and can be committed by individuals, organizations, or even governments.

Bribery involves offering or accepting something of value in exchange for influence or favors. This can include the offering of cash, gifts, or other benefits to a person in a position of power or authority, such as a government official, in order to gain an advantage or obtain a desired outcome.

Corruption involves the abuse of power or position for personal gain. This can include the use of public resources for personal benefit, the awarding of contracts or other benefits to family or friends, or the acceptance of bribes or other forms of compensation in exchange for favorable treatment.

Bribery and corruption can have a significant impact on individuals and organizations, as well as on society as a whole. It can lead to a lack of trust in public institutions and government, reduced economic growth, and a negative impact on human rights and social welfare.

To combat bribery and corruption, governments and international organizations have implemented measures to detect and prevent these practices. These measures can include:

1. Anti-Corruption Laws and Regulations: Anti-corruption laws and regulations prohibit bribery and corruption and provide penalties for those found guilty of these practices. These laws and regulations can include criminal penalties, fines, and asset forfeiture.

2. Transparency and Accountability: Transparency and accountability measures can help to prevent bribery and corruption by increasing transparency in government operations and ensuring that officials are held accountable for their actions. These measures can include the publication of government budgets and financial reports, the establishment of oversight mechanisms, and the promotion of citizen engagement.

3. Whistleblower Protection: Whistleblower protection laws can help to encourage individuals to report instances of bribery and corruption by providing protection against retaliation and other forms of harm.

4. International Cooperation: International cooperation is essential to combat bribery and corruption, as these practices often involve cross-border transactions and activities. International organizations such as the United Nations and the World Bank work to promote anti-corruption efforts and provide technical assistance to governments and other stakeholders.

Bribery and corruption are serious crimes that can have far-reaching consequences for individuals and society as a whole. To prevent these practices, governments and international organizations must work together to implement measures to detect and prevent bribery and corruption, increase transparency and accountability, protect whistleblowers, and promote international cooperation. By doing so, we can promote ethical behavior and build a more just and sustainable society.

Terrorism financing refers to the practice of providing financial support or resources to individuals or groups engaged in terrorist activities. This support can come in many forms, including cash, goods, or services, and can be provided by individuals, organizations, or governments.

Terrorist groups require funds to carry out their activities, including the acquisition of weapons, explosives, and other supplies, as well as the support of their members and infrastructure. The sources of terrorist financing are diverse and may include criminal activities such as drug trafficking, money laundering, and fraud, as well as charitable donations and government funding.

Governments and international organizations have implemented measures to prevent terrorism financing, including the following:

1. Financial Intelligence Units (FIUs): FIUs are specialized agencies that collect, analyze, and disseminate financial intelligence information to combat money laundering and terrorism financing. These units are responsible for identifying suspicious financial transactions that may be linked to terrorism financing and sharing this information with law enforcement agencies and other stakeholders.

2. Anti-Money Laundering (AML) Regulations: AML regulations require financial institutions and other businesses to implement procedures to detect and prevent money laundering and terrorism financing. These regulations require institutions to conduct customer due diligence, monitor transactions, and report suspicious activities to the relevant authorities.

3. Sanctions: Governments and international organizations may impose economic and financial sanctions on individuals, organizations, and countries suspected of supporting terrorist activities. These sanctions can include freezing assets, banning trade, and restricting travel.

4. International Cooperation: International cooperation is essential to combat terrorism financing. Governments and international organizations must work together to share information and coordinate efforts to disrupt the financial networks of terrorist groups.

The consequences of terrorism financing are severe. Terrorist activities can result in loss of life, destruction of property, and harm to societies and economies. Those found guilty of terrorism financing may face criminal charges, fines, or imprisonment. Additionally, institutions that fail to comply with AML regulations may face significant legal and financial consequences, including fines and reputational damage.

In conclusion, terrorism financing is a serious threat to global security and stability. Governments and international organizations have implemented measures to prevent and disrupt terrorism financing, including financial intelligence units, anti-money laundering regulations, sanctions, and international cooperation. By working together and implementing these measures, we can prevent terrorist groups from acquiring the funds they need to carry out their activities and help to maintain global security.

Compliance officers are responsible for ensuring that an organization adheres to relevant laws, regulations, and ethical standards. As such, compliance officers must possess strong ethical principles themselves to be effective in their roles. Ethics are a crucial requirement for compliance officers for several reasons:

1. Upholding the Law: Compliance officers must ensure that the organization they work for is following all applicable laws and regulations. These laws and regulations are designed to promote ethical behavior, and compliance officers must ensure that their organization is meeting these standards. Compliance officers must also ensure that the organization is not engaging in any unethical practices, such as bribery or fraud.

2. Promoting a Culture of Ethical Behavior: Compliance officers play a vital role in promoting a culture of ethical behavior within an organization. They must lead by example and demonstrate ethical behavior themselves to encourage others to follow suit. Compliance officers must also provide training and guidance to employees on ethical behavior and how to handle ethical dilemmas.

3. Protecting the Reputation of the Organization: An organization's reputation is critical to its success. Compliance officers must ensure that the organization's actions align with its stated values and ethical standards. If the organization is found to be engaging in unethical behavior, it can damage its reputation, which can lead to loss of business and revenue.

4. Avoiding Legal and Financial Consequences: Non-compliance with ethical standards and laws can have significant legal and financial consequences. Compliance officers must ensure that the organization is meeting all legal and ethical requirements to avoid fines, lawsuits, and damage to the organization's finances.

5. Encouraging Trust and Transparency: Compliance officers must be transparent and open in their communication with employees, management, and other stakeholders. This transparency builds trust and credibility within the organization and ensures that everyone is working towards the same ethical standards.

Ethics are an essential requirement for compliance officers. Compliance officers must adhere to ethical standards themselves to be effective in promoting ethical behavior within their organizations. Upholding the law, promoting a culture of ethical behavior, protecting the organization's reputation, avoiding legal and financial consequences, and encouraging trust and transparency are just a few reasons why ethics are crucial for compliance officers.

Leadership can be defined as the art of influencing and motivating individuals or groups to accomplish a common goal. Leadership can be found in various areas, including business, politics, sports, and community organizations. Leaders are responsible for guiding and directing others towards a specific objective, and they must have certain characteristics to succeed.

One of the most important qualities of a leader is the ability to inspire others. A leader must be able to communicate effectively and motivate their team to achieve a shared vision. They must have a clear understanding of what needs to be done, and they must be able to communicate this vision to their team in a way that inspires them to work towards the same goal.

Another important characteristic of a leader is their ability to make tough decisions. Leaders must be able to take risks and make decisions that are in the best interest of their team or organization, even if those decisions are difficult. They must also be able to accept responsibility for their decisions and be accountable for the outcomes.

Effective leaders are also great listeners. They must be able to hear and understand the opinions and concerns of their team members and incorporate them into their decision-making process. This not only shows that the leader values the opinions of others, but it also leads to better decision-making because it takes into account the perspectives of those directly involved.

Leadership also requires the ability to adapt to change. In today's fast-paced world, things can change quickly, and a good leader must be able to adapt to these changes and adjust their strategies accordingly. They must be able to think outside the box and find creative solutions to problems that arise.

Trust is also a crucial component of leadership. A leader must be trustworthy and lead by example. They must have integrity and be consistent in their actions and decisions. This builds trust within the team, and team members are more likely to follow a leader they trust.

A good leader must also have the ability to delegate. They must be able to identify the strengths and weaknesses of their team members and assign tasks accordingly. This not only ensures that tasks are completed efficiently, but it also helps team members develop their skills and grow professionally.

Finally, leaders must have a positive attitude. They must be optimistic and see the best in people and situations. This positivity is contagious, and it can help create a positive work environment where team members feel motivated and inspired to achieve their goals.

In conclusion, leadership is a complex and multifaceted concept that requires a combination of different skills and traits. Effective leaders inspire their team, make tough decisions, listen to others, adapt to change, build trust, delegate, and have a positive attitude. By possessing these qualities, leaders can guide their team towards success and accomplish their shared goals.

The TWELVE Financial Crime Program…ACCELERATED.

For many, a 12 month financial crime development program is…too long!

Recognizing that many financial crime professionals see the appeal and value of the TWELVE Financial Crime Program and its carefully and deliberately curated sessions, but are unable to embark on a year long journey, the TWELVE Accelerator Program has been created.

With the TWELVE Accelerator Program you can gain access to all 12 months of TWELVE Financial Crime Program learning content at once.

Study the same knowledge and skill topics as the 12 month program but on your own schedule.

Introducing a new 19 module short course focussing on Regulatory Compliance and Governance in Financial Crime.

TWELVE Regulatory Compliance and Governance Course

COURSE DESCRIPTION

Regulatory Compliance considers the laws, regulations and rules that make up an effective compliance program and establishes the framework for financial crime investigations. Similarly, Governance sets out how compliance and risk are managed within both the compliance program and the organisation as a whole.

This course will address the key considerations in Regulatory Compliance and Governance, providing the financial crime professional with a strong understanding of the concepts of each and the key elements of an effective compliance program.

Upon successful completion of the course, you will receive a certificate of completion and digital badge. Earn 20 CE credits.

As 2021 draws to a close I can’t help but reflect on the year; where it began, the achievements throughout the year, and the final hours.

2021 was the year that the TWELVE Financial Crime Program was launched.

As 2021 comes to a close, 28 financial crime professionals completed the 2021 TWELVE Financial Crime Program and received their certificates of completion.

Starting back in January 2021, the financial crime professionals - known as Associates - started a comprehensive, hands-on, mentoring and development program. Aiming to develop exceptional Financial crime talent through a 12 month structured program, Associates were paired with an Industry thought-leader (“Fellow”) to engage in a 12 month program of mentoring.

On 11-12 December 2021, the TWELVE Financial Crime Program led a 2 day workshop for 14 students on the Intelligence Apprenticeship stream on Seneca College’s BA Crime and Intelligence Analysis (CIA) degree program.

The workshop - TWELVE Financial Crime Investigation and Report Writing Workshop - aimed to provide students with the knowledge and skills to complete a financial crime investigation as found in a Canadian financial institution. The students were introduced to key concepts of financial crime investigation and report writing, followed by a simulation exercise where the students completed an investigation and produced a report.