About this course

NOTE: 

This course is in three parts. There is an examination at the end of each part.

The examination for Part I relates to Part I only. The examination for Part II relates to Parts I and II. The examination for Part III relates to all three parts. 

It is unlikely that you will pass the examination in this Part if you have not previously completed Part I.

You may purchase each part individually or purchase a bundle of all three parts together at a discounted price. 

If you purchase a bundle, you will receive automatic access to Parts 2 and 3 as they are released before the end of 2020 or immediately if you subscribe after 1 Jan 2020. 

A bundle may not be purchased retrospectively i.e. after you have already purchased one or two Parts. 


Bundle: ALL THREE MODULES FOR GBP145.00.




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 the bankers, lawyers and others that deal with and regulate them. 


Business structures, including corporations and partnerships, 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, partnerships, 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. 

This is a three part course. See the curriculum below for the contents of this Part.

At the end of each part, you will take an open book examination. The examinations are cumulative and cover the current and previous parts. 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 entire three-part 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; all financial crime risk and compliance officers and personnel; personnel, etc. officers.

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: 8 hours

cFCRC points: 45

Price shown includes UK VAT where applicable.

Curriculum Part One

  • 1

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

    • About this course

    • Caveat and Legal

    • Status of this course

    • Pre-requisite

  • 2

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

    • 6.1 About this chapter

    • 6.2.1 A dark bulb moment. 1

    • 6.2.2 A dark bulb moment. 2

    • 6.3.1 Law and the Law 1

    • 6.3.2 Law and the Law 2

    • 6.3.3 Law and the Law 3

    • 6.3.4 Law and the Law 4

    • 6.3.5 Law and the Law 5

    • 6.3.6 Law and the Law 6

    • 6.3.7 Law and the Law 7

    • 6.3.8 Law and the Law 8 The Lessons

    • 6.3.9 Law and the Law 9 . The aftermath.

    • 6.4.1 Meanwhile in England...

    • 6.4.2 Bail out? What bail out?

    • 6.4.3 Doubloons and double dealings

    • 6.4.4 The accidental lender

    • 6.4.5 Royalists v Parliamentarians

    • 6.4.6 Let the crazy times roll

    • 6.4.7 Of rumour, supposition and outright lies.

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

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

    • 6.4.10 The casino with loaded dice.

    • 6.4.11 Of Kings and casualties.

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

    • 6.4.13 When we ever learn?

    • 6.4.14 A sensible corruption

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

    • 6.4.16 The Keeper of the Company’s Secrets.

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

    • 6.4.18 Politically exposed persons 18th Century style.

    • 6.4.19 Send him to The Tower!

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

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

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

    • 6.5. Every stock and investment fraud you’ve ever heard of can be traced back to this.

    • 6.5.1 I’m forever blowing bubbles.

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

    • 6.5.3 The Sail Cloth Permit.

    • 6.5.4 Bubbles, blown. 1

    • 6.5.5 Bubbles, blown. 2

    • 6.5.6 Bubbles, blown. 3

    • 6.5.7 Bubbles, blown. 4

    • 6.5.8 Bubbles, blown. 5

    • 6.5.9 Bubbles, blown. 6

    • 6.5.10 What do we learn from this?

  • 3

    7. Legal Personality and Legal Capacity.

    • 7.1 Know Your Customer - and what your customer is capable of.

    • 7.2 Your relationship with your customers is a contract. That's important.

    • 7.3 Establishing legal capacity and why it matters.

    • 7.4.1 Actual, implied and apparent authority.

    • 7.4.2 Actual, implied and apparent authority.

    • 7.5 To the extent that the customer is extant…

    • 7.6 Companies and liabilities.

    • 7.7 Making companies criminally liable.

    • 7.8 Making directors criminally liable

    • 7.9.1 Cases where directors have been found personally liable for a company’s malfeasance.

    • 7.9.2 Cases where directors have been found personally liable for a company’s malfeasance.

    • 7.9.3 Cases where directors have been found personally liable for a company’s malfeasance.

    • 7.9.4 How Low can you go?

    • 7.9.5 Flying money

    • 7.9.6 The USA's global reach for assets representing money passing through US bank accounts.

    • 7.9.7 Some of the methodologies used in the 1MBD fraud and associated money laundering.

    • 7.9.8 1MDB – the role of banks.

    • 7.9.9 Dealing on the down Low.

    • 7.9.10 It’s who you know...

  • 4

    8. Financial Crime offences using companies

    • 8.2.1 Truth, lies and prospectus 1

    • 8.2.2 Truth, lies and prospectus 2

    • 8.2.3 Truth, lies and prospectus 3

    • 8.3.1 Overstated profits : the coffee company

    • 8.3.2 Overstated profits : the coffee company - no hindsight necessary

  • 5

    Examination

    • About Examination

    • Examination - Financial crime risks of corporate vehicles and other business structures.