Payments Compliance Training Programme

Part 1 – Best Practice Financial Crime Management

Held on 5th November 2020 by Philip Creed of fscom.

Contents:

  • Visa introduction and welcome
  • Understanding Money Laundering, Terrorist Financing and Sanctions
  • Creating and maintaining an AML/CTF Risk Framework
  • What is your risk appetite? And creating a risk-based approach
  • SDD, CDD, EDD and periodic refresh
  • Suspicious Activity Report obligations
  • PEPs, Sanctions and Adverse Media Screening

Part 2 - Managing Safeguarding, Open Banking & Strong Customer Authentication

Held on 3rd December 2020 by Alison Donnelly, Director and Founder of fscom.

Contents:

  • Understanding the payments regulatory regime and consumer protection
  • Who needs to safeguard and how
  • Payment initiation and account information services – what they are and how the consumer is protected
  • Open banking requirements
  • Strong customer authentication requirements
  • Capital adequacy and customer communication

Part 3 - Cybersecurity for PSPs

Held on 13th January 2021 by Simon Whittaker of fscom.

Contents:

  • Cyber Security – fundamental security concepts
  • Anatomy of a breach
  • How and why are organisations targeted?
  • IT Security vs Social Engineering Malware & Other Cyber Threats
  • Help your third parties be cyber secure
  • A guide to password (in)security
  • Compromise examples
  • “The Cloud” – sharing responsibility with your cloud providers
  • Recovering from disaster