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Banking Essentials - Part I
This pathway will walk us through the basics of banks, starting with some of the different types and their main functions, then starting to look at the regulation faced by the banks, both before and after the Global Financial Crisis.
Greenwashing
Greenwashing is the act of distributing false information about something being more environmentally friendly than it actually is.
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Tackling the Cost of Living Crisis
In this video, Max discusses the cost-of-living crisis currently enveloping the UK. He examines its impact on households as well as the overall economy.
CSR and Sustainability in Financial Services
In the first video of this two-part video series, Elisa introduces us to sustainability. She begins by looking at the difference between sustainability and corporate social responsibility, two terms that can be easily confused.
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Mark Homans
Our sky high NPS following learner feedback speaks for itself - this platform has delivered a lot of value.
Fiona Quinn
Learning is accessible and the tool assists in the continued development of all our employees. It is a fantastic tool for our business!
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Categories
Discover our Courses
Featured Pathways
More pathways
Banking Essentials - Part I
This pathway will walk us through the basics of banks, starting with some of the different types and their main functions, then starting to look at the regulation faced by the banks, both before and after the Global Financial Crisis.
Greenwashing
Greenwashing is the act of distributing false information about something being more environmentally friendly than it actually is.
More pathways
Ready to get started?
Plans & Membership
Find the right plan for you
Our Platform
Expert led content
+1,000 expert presented, on-demand video modules
Learning analytics
Keep track of learning progress with our comprehensive data
Interactive learning
Engage with our video hotspots and knowledge check-ins
Testing & certification
Gain CPD / CPE credits and professional certification
Managed learning
Build, scale and manage your organisation’s learning
Integrations
Connect Finance Unlocked to your current platform
Featured Content
More featured content
Tackling the Cost of Living Crisis
In this video, Max discusses the cost-of-living crisis currently enveloping the UK. He examines its impact on households as well as the overall economy.
CSR and Sustainability in Financial Services
In the first video of this two-part video series, Elisa introduces us to sustainability. She begins by looking at the difference between sustainability and corporate social responsibility, two terms that can be easily confused.
More featured content
Ready to get started?
Our Solutions
About Us
Testimonials
More testimonials
Mark Homans
Our sky high NPS following learner feedback speaks for itself - this platform has delivered a lot of value.
Fiona Quinn
Learning is accessible and the tool assists in the continued development of all our employees. It is a fantastic tool for our business!
More testimonials
Ready to get started?
Anti-Money Laundering Case Study
Bill Gallagher
30 years: Credit & banking
The fine imposed on Commerzbank by the UK's Financial Conduct Authority (FCA) for breaching anti-money laundering (AML) rules shows that a firm need not have allowed actual money laundering to merit severe punishment. Simply allowing, whether by choice or even by negligence, a compliance environment where the risk of facilitating financial crimes is heightened can also result in severe punishment from regulators. Regulators will reduce the magnitude of fines for firms that work responsively and cooperatively with authorities to remedy identified problems.
The fine imposed on Commerzbank by the UK's Financial Conduct Authority (FCA) for breaching anti-money laundering (AML) rules shows that a firm need not have allowed actual money laundering to merit severe punishment. Simply allowing, whether by choice or even by negligence, a compliance environment where the risk of facilitating financial crimes is heightened can also result in severe punishment from regulators. Regulators will reduce the magnitude of fines for firms that work responsively and cooperatively with authorities to remedy identified problems.
Anti-Money Laundering Case Study
7 mins 48 secs
On the 17th of June, 2020, the Financial Conduct Authority (FCA) fined Commerzbank AG (London) almost £38 million for “failing to put adequate AML systems and controls into place between October 2012 and September 2017”. In this video, we will look at the events and causes leading up to this as well as the remediation project by Commerzbank AG London and the key takeaways from this situation.
Key learning objectives:
Identify the key failures of Commerzbank AG London that led to the huge fine
Understand how the FCA sought to fix the problems
Comprehend the key takeaways from the FCA’s fine on Commerzbank London
Bill Gallagher
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Anti-Money Laundering (AML) Introduction
Various jurisdictions impose differing rules as to who is affected by money laundering, and who is required to put in place measures to manage this risk. In this video, Iain explains what Anti-Money Laundering is, what regulations are in place, and how these requirements differ across regions.
Iain Hoggarth • 03:01