Combating Financial Crime: UK Qualification - Available in Romania, Only at RBI - Global Recognition

COMBATING
FINANCIAL
CRIME
UK Qualification – Available in Romania, only at RBI – Global recognition
The Romanian Banking Institute – RBI’s mission is to raise the level of knowledge and experience of all finance
professionals in Romania and thus we are contributing to building a culture of compliance awareness and
management that is vital to ensure financial success in all areas.
Starting 2014, RBI became the only training provider in Romania to offer courses leading to qualifications issued
by the Chartered Institute for Securities and Investments (CISI), UK. For this project RBI partnered with École
Supérieure des Affaires – ESA – accredited by CISI – to bring high quality training programs for CISI
qualifications.
CISI is the largest and most widely respected professional body for those who work in the securities and investment
industry in the UK and in a growing number of financial centres globally.
COMBATING FINANCIAL CRIME – PROGRAM DESCRIPTION
Combating Financial Crime has been developed by international specialists and focuses on how laws, regulations
and best practice continue to evolve across the entire spectrum of associated activities. It covers the background
and nature of financial crime, predicate offences, money laundering, terrorist financing, corruption, combating
financial crime, bribery and the role of the private sector.
The term "white-collar crime" or "financial crime" refers to many different forms of illegal activity. The course will
examine the evolution of white-collar crime in the corporate & banking space and how the repercussions of this
crime can severely implicate the longevity as well as the reputation of business firms. By the same token, the
course will highlight how financial crime is defined and understood in the law and other disciplines; how it is
different and similar to other criminal activity; who perpetrates money laundering/terrorism financing crime; who
are its victims; what are the costs and how are these costs measured; and how is it investigated, prosecuted,
punished and deterred.
KEY FEATURES
• Thoroughly tackles the financial crime agenda

• Takes a global view of transnational crime
• Illustrates practical defences
• Free CISI student membership during your studies - become
associated with a chartered professional body and take
advantage of an extensive range of benefits
• ACSI designatory letters upon completion
TRAINING PACKAGE
The intensive preparation course offered by RBI in partnership with ESA includes:
➢ Study plan for the entire duration of the program (approximately 3 months)
➢ Induction course - a teaching phase consisting in four half-days (4 hours each) of virtual classroom
training (on the ZOOM platform) introducing the material and explaining the most important concepts in
the syllabus
➢ Revision course - a review phase consisting in a refresher course of two half-days (4 hours each), also
online. In addition, students will sit a mock exam to get them familiarized with exam techniques
➢ Tutor support and feedback via e-mail throughout the entire duration of the Program (in addition to the
virtual classroom sessions)
➢ Lecturer’s own materials
➢ CISI issued workbook (CISI original learning manual)
All of the above are included in a very competitive and affordable course fee.
TARGET GROUP
The qualification is suitable for compliance officers and money laundering reporting officers, those involved in
regulation, law enforcement, trade and commerce and individuals from bi-lateral development institutions and
civil society organisations.
COMBATING FINANCIAL CRIME (CFC) SUMMARY SYLLABUS

Element 1 The Background and Nature of Financial Element 3 Terrorist Financing
Crime 3.1 Background
1.1 Definitions 3.2 Measures to combat the financing of
1.2 Governmental and quasi-governmental approaches to terrorism
CFC 3.3 Standards for combating the financing of
1.3 Best practice terrorism
1.4 Asset recoveryElement
Element 4 Bribery and Corruption
Element 2 Money Laundering 4.1 Bribery and corruption
2.1 Background 4.2 UK Bribery Act (2010)
2.2 International Anti-money laundering (AML) standards 4.3 Foreign Corrupt Practices Act (FCPA) (1977)
2.3 Financial Action Task Force (FATF) 4.4 Corrupt practice
2.4 The role of other international bodies 4.5 Combating Corruption
4.6 Mutual legal assistance
Element 5 Fraud and Market Abuse Element 8 Financial Crime Risk Management
5.1 Fraud 8.1 Considerations for the financial services sector
5.2 Types of fraud 8.2 Risks
5.3 Market abuse 8.3 Practical business safeguards
5.4 Sarbanes-Oxley Act (2002)
Element 9 The Role of the Financial Services
Element 6 Tax Evasion Sector
6.1 Tax evasion 9.1 Relations with regulators
9.2 Specific responsibilities
Element 7 Financial Sanctions 9.3 Compliance
7.1 Financial Sanctions 9.4 Fintech
9.5 Customer Due Diligence (CDD)
9.6 Reporting obligations
9.7 Consent regimes
9.8 Record keeping obligations
CFC EXAMINATION SUBJECTS COVERED
The objective of the examination is to ensure that candidates have a basic knowledge of the regulations and
practices relating to combating financial crime.
The examination will test candidates’ Knowledge and Understanding of the following elements:
No. Element Number of questions

1 The Background and Nature of Financial Crime 5
2 Money Laundering 8
3 Terrorist Financing 4
4 Bribery and Corruption 6
5 Fraud and Market Abuse 4
6 Tax Evasion 4
7 Financial Sanctions 4
8 Financial Crime Risk Management 8
9 The Role of the Financial Services Sector 7
Total 50
Combating Financial Crime is regulated by the Office of Qualifications and Examinations Regulation – Ofqual UK
(on its Regulated Qualifications Framework) as the CISI Level 3 Award in Combating Financial Crime. On the
European Qualifications Framework, this equates to a level 4 qualification. For further information visit cisi.org/eqf.
EXAMINATION
The exam for CFC Qualification consists of 50 Multiple Choice Question and lasts for 1 hour, with 70% minimum
pass mark.
Candidates sitting the examination by Computer Based Testing will have, in addition, up to 10% additional questions
as trial questions that will not be separately identified and do not contribute to the result. Candidates will be given
proportionately more time to complete the test.
The examination fee is GBP 223, payable to CISI UK. Before registering for the exam, one must also pay a
one-off initial registration fee of GBP 35 (also payable to CISI UK).
The exam is computer-based, and it has to be booked/scheduled online on the CISI website. Exams are
sat at the Prometric Center in Bucharest (1B Expozitiei Blvd).
It is recommended that the exam be taken approx. 4 weeks after the review session.
LECTURER
Shawki Ahwash, CAMS

Shawki has been able to carve out a distinguished career profile within the AML/CFT
space as a banker assuming a compliance function and as a trainer. In addition to his
CAMS designation, Shawki holds a Combating Financial Crime (CFC) certificate from
Chartered Institute for Securities & Investment (CISI)-London. Alongside the current
MLRO function, Shawki is a lecturer at ESA Business School & speaker at Union of
Arab Banks (UAB), ACAMS, and other institutions tasked with countering money
laundering and terrorist financing.g
As Subject Matter Expert, he has conducted many consultancy training workshops aimed at building and
strengthening capacities of FIUs and reporting entities to counter illicit financial flows and mitigate financial crime
risks across Europe, MENA, GCC & East Africa regions.
Shawki's contributions to the anti-financial crime literature are also reflected in his articles published by KYC360-
UK addressing a myriad of compliance topics. On the academic level, he holds a Master's degree in Public
Administration from the American University of Beirut (AUB).
LAUNCHING THE 1st SERIES OF THE COMBATING FINANCIAL CRIME PROGRAM: February 2021
APPLICATION DEADLINE: Feb 1, 2021
PROGRAM DURATION: 2-3 months of enhanced distance learning with tutor support, also including 24 hours of
virtual classroom instruction, divided as 4 x 4 hour days on 16-19 February 2021, for the Induction course and
2 x 4 hour days on 23-24 March 2021, for the Revision Course. Classes will be scheduled from 15:00 to 19:00.
The course will be delivered ONLINE, on the ZOOM platform, which can be accessed via an Internet browser.
ENROLMENT DOCUMENTS REQUIRED: Registration form, CV in English, copy of the identity card and the
legalized copy of the Bachelor’s Degree, translated into English.
FEE: 875 euro/participant which can be paid in two equal installments. This fee covers the training package as
well as the total cost of the CISI original workbook, readings and lecture notes from the course instructor.
For further information and enrollment, please contact:

Emilia Frunză
Training Manager
Romanian Banking Institute
3, Negru Vodă Street, sect.3, Bucharest
Tel: 0748.886.834
e-mail: [email protected]

1 The payment will be made to the Romanian Banking Institute account number RO93BTRL RONCRT0261315401
opened at Banca Transilvania, at least four days before the course starts (please specify the name of the participants and the course
title on the payment order). If a participant announces his/her withdrawal 1-2 days before the start of the course, a percentage of
17% from the fee shall be retained. If a participant announces withdrawal from the course at the starting date, the registration fee
cannot be refunded. Any participant may be replaced by a colleague from the same company, in which case there is no penalty

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COMBATING

COMBATING FINANCIAL CRIME – PROGRAM DESCRIPTION

• Thoroughly tackles the financial crime agenda

COMBATING FINANCIAL CRIME (CFC) SUMMARY SYLLABUS

CFC EXAMINATION SUBJECTS COVERED

No. Element Number of questions

Shawki Ahwash, CAMS

For further information and enrollment, please contact:

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