Essentials: The financial crime risks of corporate vehicles, trusts and other structures.

This course is in three parts.

You may purchase individual parts or buy a "bundle" of all three at once for a discount.

The parts are cumulative as to content and examination.

 

About this course

Business structures, including corporations, are intended to encourage enterprise and to protect honest entrepreneurs.

Trusts are intended to protect the assets of families from unlawful interference and other problems.

In each case there is also a measure of the modification of the tax position as against if such structures were not to be used: some of those changes benefit the company and its owners and others benefit the state.

However, as with all things, there are those that abuse the privileges that such structures afford them. They are used as vehicles for a wide range of criminal offences of which the most obvious – but far from the only – one is tax evasion.

Also, because these structures have an identity (in some but not all cases they are, in law, a person), they are also the target for criminals.

In this course, we explain:

a) what corporations, trusts and other structures are
b) the terminology associated with them
c) the risks they present
d) the risks they face (and which, therefore, present the risk that their suppliers - banks, lawyers, etc.) may be bound to make suspicious transaction reports.

and we do it all with context and historical perspective.

You will find out about asset forfeiture was developed in 8th Century England, how measures against capital flight were created in 18th Century France – and see how much of what we imagine is recent has a long history - both to deal with chaos caused by trade in shares in companies. And you will find out about London's first Financial Crime Kingpin and how legislation was passed with him as a specific target.

You will learn the origins of trust law and why it is a cross-cultural phænomenon.

Also, you will learn why much of the criticism of certain professionals is unfounded – and where that criticism should be directed.

But you will also find out about what's happening today with reference to cases that are live as we are writing the courses. That includes the extremely important case, decided in January 2021, that we call "Radiogate."

At the end, you will take an open book examination. If you achieve the pass-mark of 80%, you will receive a certificate and points towards the designation Certificate in Financial Crime Risk and Compliance (cFCRC)

The course is approximately the length of a two-day seminar but it is, of course, on demand. You have unlimited access, including any additions and updates, for 12 months and unlimited attempts at the examination. Your certificate for this course lasts for a year from the date of issue.

Language: English
Jurisdiction: global
Level : Front Liners to Directors
Certificated: Yes, 12 months from completion of examination
Examination: open book; pass mark 80%; validity 12 months, retakes are allowed.
Portable CPD where recognised: approx 8 hours per Part
cFCRC points: 20 per Part.

For pricing and the curriculum see the Course pages here

 

 

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