Fight Poverty and Crime Through Financial Inclusion
Today, an estimated 1.7 billion people around the world lack access to basic financial services and products – a situation that perpetuates poverty, fuels informal money transfer systems, and leaves populations vulnerable to criminal exploitation. But it doesn’t have to be this way.
By adhering to the Financial Action Task Force’s (FATF) Recommendations and the guidance of anti-money laundering experts, banks and other institutions can use a risk-based approach to extend financial access to low-income groups, underserved rural communities, displaced persons, and others.
Developed by the Royal United Services Institute (RUSI) and ACAMS, with the support of the Bill & Melinda Gates Foundation, this course offers a comprehensive overview of how the risk-based approach to anti-financial crime (AFC) compliance can play a critical role in addressing poverty and fighting illicit finance across the globe. The course outlines the AFC compliance steps, including guidance on onboarding and ongoing due diligence, that can help mitigate the impact of de-risking and other forms of financial exclusion.
This course will help you:
- Understand the negative impact that financial exclusion has on society and the global fight against financial crime
- Implement international recommendations on extending financial access to underserved communities with a risk-based approach to AFC compliance
- Establish a financial inclusion strategy within your risk management framework
- Explain your risk-based decisions to financial supervisors
- Engage with FATF’s mutual evaluation process to drive public-private partnerships aimed at supporting excluded populations
Who is this course for?
- Financial crime analysts and anti-money laundering professionals of all levels
- Compliance officers who work in financial institutions and FinTechs
- Criminal investigators
- Open-source intelligence analysts
- ESG analysts and directors
- Sustainability professionals
- Civil society organizations engaged in fighting financial exclusion
- Online and self-paced
- Two hours of coursework
- 10-question final assessment
- Results available immediately