About this course


Release 1 November 2020

Pre-launch discount 20% with voucher

 fcrc271020


Some in clandestine companies combine;
Erect new stocks to trade beyond the line;
With air and empty names beguile the town,
And raise new credits first, then cry ’em down;
Divide the empty nothing into shares,
And set the crowd together by the ears. 

Daniel Defoe.


This course is for all those who work in, manage, own or control companies in all jurisdictions and those that deal with and regulate them. 


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 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 we do it all with context and historical perspective. 

You will find out about asset forfeiture in 18th Century England, how capital flight was dealt with in 18th Century France – and see how much of what we imagine is recent has a long history. 

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. 

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. 

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.

About:

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 (TM) where recognised: 16 hours

cFCRC points: 30

Course curriculum

Provisional. Incomplete. Course launches 27 October 2020

  • 1

    About Essentials: Corporate vehicles, Trusts and other structures. (prerequisite reading)

    • Caveat and Legal

    • Status of this course

    • Pre-requisite

  • 2

    1. What is......

    • 1.1. 1 What is a company? 1

    • 1.1.2 What is a company? 2

    • 1.1.3 What is a company? 3

    • 1.2.1 What is a partnership? 1

    • 1.2.2 What is a partnership? 2

    • 1.2.3 What is a partnership 3

    • 1.3 What is a joint venture?

    • 1.4 What is a European ″earwig″?

    • 1.5 What is an LLP?

    • 1.6 What is a sole trader?

    • 1.7 What is a charity, NGO or foundation?

    • 1.8 What is an association or society?

    • 1.9.1 What is a Community Interest Company? 1

    • 1.9.2 What is a community interest company 2

    • 1.10.1 What is a trust? 1

    • 1.10.2 What is a trust? 2

    • 1.10.3 What is a trust? 3

    • 1.11.1 What is a ″juridical person″? 1

    • 1.11.2 What is a ″juridical person″? 2

    • 1.11.3 What is a ″juridical person″? 3

    • 1.12 What is ″domicile″?

    • 1.13.1 What is a shelf company″? 1

    • 1.13.2 What is a shelf company″? 2

    • 1.14 What is a ″shell company″?

    • 1.15 What is a ″cell company″?

    • 1.16 What is an ″unregistered company?

    • 1.17 What is a ″blank cheque″ (check) company? (includes SPACs)

    • 1.18 What is a director?

    • 1.19 What is a nominee director?

    • 1.20 What is a shadow director?

    • 1.21 What is an executive director?

    • 1.22 What is a non-executive director?

    • 1.23 What is a share in a company?

    • 1.24 What is a shareholder?

    • 1.25 What is a resolution?

    • 1.26 What is a controlling interest in a company?

    • 1.27 What is a debenture or bond holder?

    • 1.28 What is a personal guarantee?

    • 1.29 What is an ″ultimate beneficial owner″?

    • 1.30 What is an offer to subscribe?

    • 1.31.1 What is a stock exchange? 1

    • 1.31.2 What is a stock exchange 2

    • 1.32 What is in a name?

    • 1.33 What is transfer pricing?

    • 1.34 What is a royalty payment?

    • 1.35 What is a trade name?

    • 1.36 What is a ″trade mark″?

    • 1.37 What is a franchise?

    • 1.38 What is market abuse?

    • 1.39 What is a third-party guarantee?

    • 1.40 What is a company secretary?

    • 1.41 What is a registered office?

    • 1.42 What is a bank?

  • 3

    2. Know Your Customer in corporate vehicles, trusts and other structures.

    • 2.1.1 The simple, private, company structure 1

    • 2.1.2 The simple, private, company structure 2

  • 4

    3 Landmarks in the use of corporate and other legal structures for financial crime purposes.

    • 3.1 About this chapter

    • 3.2.1 A dark bulb moment. 1

    • 3.2.2 A dark bulb moment. 2

    • 3.3.1 Law and the Law 1

    • 3.3.2 Law and the Law 2

    • 3.3.3 Law and the Law 3

    • 3.3.4 Law and the Law 4

    • 3.3.5 Law and the Law 5

    • 3.3.6 Law and the Law 6

    • 3.3.7 Law and the Law 7

    • 3.3.8 Law and the Law 8 The Lessons

    • 3.3.9 Law and the Law 9 - the aftermath

    • 3.4.1 Meanwhile in England...

    • 3.4.2 Bail out? What bail out?

    • 3.4.3 Doubloons and double dealings

    • 3.4.4 The accidental lender

    • 3.4.5 Royalists v Parliamentarians

    • 3.4.6 Let the crazy times roll

    • 3.4.7 Of rumour, supposition and outright lies.

    • 3.4.8 ″to make deal boards out of sawdust.″

    • 3.4.9 The genesis of day-trading - and Pump and Dump.

    • 3.4.10 The casino with loaded dice.

    • 3.4.11 Of Kings and casualties.

    • 3.4.12 Too big to fail - 18th Century style.

    • 3.4.13 When we ever learn?

    • 3.4.14 A sensible corruption

    • 3.4.15 The lenders rescue plan that prefaced the US Fed’s scheme of 2007.

    • 3.4.16 The Keeper of the Company’s Secrets.

    • 3.4.17 ″They did everything they could to obstruct the investigation.″

    • 3.4.18 Politically exposed persons 18th Century style.

    • 3.4.19 Send him to The Tower!

    • 3.4.20 The genesis of asset forfeiture without conviction in ″white collar crime.″

    • 3.4.21 The genesis of asset statements in ″white collar crime.″

    • 3.4.22 When a bubble bursts, the detritus sticks around.

    • 3.5. Every stock and investment fraud you’ve ever heard of can be traced back to the cases in this section.

    • 3.5.1 I’m forever blowing bubbles.

    • 3.5.2 “A company for carrying on an undertaking of great advantage, but nobody to know what it is.”

    • 3.5.3 The Sail Cloth Permit.

    • 3.5.4 Bubbles, blown. 1

    • 3.5.5 Bubbles, blown. 2

    • 3.5.6 Bubbles, blown. 3

    • 3.5.7 Bubbles, blown. 4

    • 3.5.8 Bubbles, blown. 5

    • 3.5.9 Bubbles, blown. 6

    • 3.5.10 What do we learn from this?

  • 5

    4. Financial Crime offences using companies

    • 4.1 Legal capacity and liability of companies

    • 4.2.1 Truth, lies and prospectus 1

    • 4.2.2 Truth, lies and prospectus 2

    • 4.2.3 Truth, lies and prospectus 3

    • 4.3.1 Overstated profits 1

  • 6

    6. Financial Crime offences using trusts

    • 6.1 Legal capacity and liability of trusts

  • 7

    8. Financial Crime offences using other structures

    • 8.1 Legal capacity and liability of other structures

  • 8

    Examination

    • About Examination