BLOG - Thursday, 07 November 2024

We've Launched FCRMC Academy!

FCRMC is pleased to announce the launch of its FCRMC training academy! Our short-form, entirely online training will boost your knowledge of the financial crime landscape to new heights. Earn a variety of certificates through our extensive offerings such as:

Anti-Bribery and Corruption:
Anti-corruption training starts by highlighting the significant impact corruption has on businesses, society, and individuals. Through real-world examples, participants see how corruption results in legal penalties, financial losses, and damage to reputation, underscoring why a commitment to integrity is essential.
The organisation’s dedication to ethical conduct provides a strong foundation, and every employee’s role is crucial in maintaining these standards. This context in the training that you are about to embark on emphasises that ethical behaviour is not only a compliance requirement but a driver of both personal and organisational success, promoting a culture of accountability and trust.

Regulatory Inspection (With Offers for Both Namibia and South Africa)
The regulatory inspections training module is designed to equip financial institution staff with a comprehensive understanding of the purpose, process, and expectations surrounding financial crime regulatory inspections.
It introduces participants to the objectives of these inspections, ensuring adherence to anti-money laundering, fraud prevention, and terrorism financing laws—and highlights the roles of relevant regulatory bodies.
Through a focus on both on-site and off-site inspection types, the module guides participants on critical areas of compliance, such as CDD protocols, transaction monitoring, and risk assessment. This module emphasises effective preparation, thorough documentation, and proactive engagement with regulators, preparing staff to confidently navigate inspections and reinforce the institution's commitment to regulatory compliance.

Procurement Vigilance and Management
Procurement is a critical function within any organisation, responsible for sourcing goods and services essential for operations. However, it is also a key area of vulnerability for financial crime. Fraud, bribery, corruption, money laundering, and collusion can infiltrate procurement processes, exposing organisations to financial losses, reputational damage, legal penalties, and regulatory sanctions. As procurement activities grow more complex—often involving multiple suppliers, third parties, and global transactions—the need for robust controls, ethical practices, and compliance becomes critical.
This training aims to equip participants with the knowledge and skills to identify, assess, and mitigate financial crime risks throughout the procurement lifecycle. Through real-world examples, practical insights, and the application of risk management strategies, employees will learn how to safeguard procurement operations, promote transparency, and maintain compliance with legal and regulatory frameworks. Ultimately, this training reinforces the importance of building a culture of accountability and ethical behaviour, ensuring procurement activities contribute to sustainable and crime-free operations.

Whistle-Blowing Awareness
In today’s ethical and regulatory landscape, whistleblowing is essential for upholding transparency, accountability, and trust within organisations. This training is designed to empower you with the knowledge and tools needed to recognise, report, and respond to unethical, illegal, or improper activities.
We’ll delve into key principles, the protections in place for whistleblowers, and the processes for raising concerns effectively and securely. Understanding these elements assists in promoting a culture of integrity, where employees feel confident in their ability to speak up and contribute to a responsible, compliant workplace.

Collect badges, ensure knowledge transfer through tests, and gain a strong understanding of these vital topics through FCRMC’s advanced training academy now available on our Moodle Platform located here.