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Chartered Insurance Institute
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Introduction to financial crime - one day course


This course outlines the threat of financial crime, its consequences for the insurance industry and the key anti-financial crime controls that firms should have in place. Financial crime remains firmly on the legal and regulatory agenda. The 'annual laundering money test' is no longer enough. Recent major regulatory enforcement cases - for bribery and corruption failings - continue to emphasise that the real risk is not prosecution but more frequent enforcement, higher penalties and even action against individuals. Firms and individuals must know how to protect clients and themselves.


  • Challenging complacency - insurance industry exposure and the financial and reputational impact 
  • Money laundering, fraud (including insurance fraud), identity/data theft, sanctions, terrorism and bribery/corruption 
  • UK and international legislation, and penalties; Bribery Act 2010 in detail 
  • The FCA's approach to financial crime and its guidance. Prosecution or enforcement? 
  • The agencies and particular industry initiatives 
  • Identifying and reporting suspicious transactions and indicators, including politically exposed persons (PEPs) 
  • Following risk based procedures - deterrence, prevention and detection.

Learning outcomes

  • Understand the exposure and consequences of financial crime for the insurance industry 
  • Identify the main types of financial crime and their characteristics 
  • Describe the key (and evolving) legislation to counter financial crime and the penalties for non-compliance 
  • Explain the regulatory priority given to financial crime and what the FCA expects of firms and individuals 
  • Describe the roles of the main agencies in combating financial crime, including those within the industry 
  • Recognise suspicious transactions 
  • Outline the key but proportionate antifinancial crime controls that a firm should have in place.

Who should attend?

Compliance officers, managers, team leaders and people whose roles carry a higher potential exposure to financial crime.

CPD hours

Attendance of this course awards up to 6 CPD hours where you consider it relevant to your professional development needs.

Book online

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Sold out!

Scheduled dates for this course have now sold out, please keep checking the website for updates to availability. Dates are added subject to demand and can also be run in-house for corporate clients.