![Financial Investigation](https://fintedu.com/pluginfile.php/2930/course/summary/fintedu_%20Financial%20Investigation.jpg)
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Learn various key aspects related to financial investigation, particularly in the context of combating financial crimes, money laundering, and corruption.
Topic 1 - Follow the Goods - Follow the Money' Concept: This principle emphasizes tracing the movement of physical goods or assets to uncover the flow of money related to those goods or transactions. It's particularly useful in uncovering hidden financial networks and identifying illicit activities such as smuggling and tax evasion.
Topic 2 - Types of Financial Investigations: The webinar distinguishes between proactive and retroactive approaches to financial investigations. Proactive investigations involve broader goals and methods beyond traditional financial investigation techniques.
Topic 3 - Importance of Standardization: Standard procedures are crucial in conducting financial investigations to ensure compliance with international standards (such as FATF Recommendations) and empower national authorities.
Topic 4 - Objectives and Benefits: The objectives include identifying proceeds of crime, tracing assets, initiating money laundering investigations, disrupting criminal networks, and preventing further criminal activities. Benefits include prevention of further crimes, discouraging potential criminals, and focusing investigations on high-ranking members of criminal organizations.
Topic 5 - Initiating Financial Investigations: Financial investigations can be initiated based on external manifestations indicating the probability of criminal activities or as part of a parallel process with criminal investigations.
Topic 6 - Elements of Financial Investigations: These include gathering intelligence and evidence, determining proceeds of crime, documenting ownership, and creating conditions for applying interim measures like asset seizure.
Topic 7 - Investigation Planning: Key elements of an investigation plan include ensuring adequate resources, building investigation teams, identifying potential targets, developing investigative strategies, and choosing appropriate methods and techniques.
Topic 8 - Cooperation and Coordination Networks: Internal and international cooperation among law enforcement agencies, financial institutions, and other relevant entities are essential for successful investigations.
Topic 9 Information and Evidence Gathering: This involves utilizing various sources such as open data, government databases, financial institutions, and digital evidence to gather relevant information and evidence.
Topic 10 - Analysis and Dissemination: Analyzing financial data, identifying anomalies, and disseminating information to relevant authorities are crucial steps in the investigative process.
Topic 11 - Bank Account Analysis: Analyzing bank account statements to track transactions, identify anomalies, and uncover potential illicit activities.
Topic 12 - Comparing with Purchase and Sale Documents: Comparing financial data with documents related to asset purchases and sales to identify discrepancies or anomalies.
Overall, the webinar provides a comprehensive overview of the principles, methods, and techniques involved in conducting effective financial investigations to combat financial crimes and corruption.
About the Trainer
![Dr. Ivica Simonovski](https://fintedu.com/pluginfile.php/2930/course/summary/imageedit_60_7433518239.png)
Dr. Ivica Simonovski
Dr. Ivica Simonovski, a CAMS-certified AML/CFT Evaluator and Consultant, boasts over a decade of experience combating corruption and money laundering. As a lecturer at esteemed institutions like the Defense Institute of International Legal Studies in Newport, USA, and NATO COE-DAT in Ankara, Turkey, he imparts knowledge on legal aspects of financing terrorism. With a PhD in International Politics and a Master's degree from the Faculty of Law at the University St. Kiril and Metodij in Skopje.