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Business advisory
Your AML/CFT knowledge partner
Sharing knowledge means increasing efficiency in combating financial crime.
Building ethical, secure, and professional organizations in a variety of industries.
Pedigree
AML/CFT Training Center Financial Forensic Services
Executive founder
Geert Delrue [Torhout 1960, Belgium]
He graduated from the Catholic University of Leuven on August 29, 1982. He obtained his master’s degree in criminology. He started his career in 1985, as a detective inspector at the bureau criminal police, near the prosecutors’ office in Louvain, Belgium. He started at the financial department, where he conducted investigations in different financial crimes, including fraudulent bankruptcy, tax fraud, social fraud, embezzlement, and forgery. With the global reform of the Belgian police in 2001, he began to specialize more in money laundering, financing of terrorism, and tax fraud. In 2009, he got promoted to detective commissioner.
During his career, he published 24 police manuals for special types of financial investigations, in Dutch, French, and English. For example: ‘Vademecum for investigations related to financial and economic offences’, Criminal bankruptcy, Tax fraud, Forgery, Fraudulent organization of insolvency, Theft of inheritance goods, Swindle, and abuse of confidence. In 2014, he wrote a book on fighting Money Laundering, and Financing of Terrorism (in Dutch – 3rd edition, and in French – 2nd edition, 650 pages). In 2018, he rewrote his first book (2002) on financial investigations in Dutch: ‘Financieel rechercheren’ and in French ‘Rechercher en matière financière‘. His last publications were on Criminal Bankruptcy, in Dutch and French (released between 2019-2020).
Successful journey
As a consequence of his publications, Geert DeIrue was asked to perform as a guest speaker at a variety of international conferences (Amsterdam, London, Paris, Casablanca, Kosovo, Serbia, and more) on organized financial crime, especially on Anti-Money Laundering, and Financing of Terrorism.
As a guest lecturer, he provided talks and lectures at different Belgian universities (ULG, ULB, and UCL), and foreign universities (Cergy-Pontoise – Paris, Nice Antipolis – Nice, University Hassan II – Casablanca-Morocco, Viadrina University – Germany, University of Mykolo Rumerio – Vilnius-Lithuania, Strasbourg University (CEFAC), and more.
Because he was succesful with his talks, lectures, and trainings, he produced his first e-learnings and webinars-on-demand, which became the fundament of his knowledge center. His trainings on Money Laundering and Financing of Terrorism got aggregated by a variety of Belgian professional and AML/CFT supervising authorities, namely Financial Services and Markets Authority (FSMA), National Bank of Belgium, Institute for Tax Advisors and Accountants, National Chamber for Notaries, and National Chamber for Bailiffs. All of this led to the start of AML/CFT Training Center Financial Forensic Services in 2023.
In the past years, the domain of Money Laundering and Financing of Terrorism has become more and more specialized and professionalized. Meanwhile, a new type of criminals surfaced to the horizon, namely professional money launderers (PML). These PMLs use more and more specialized AML/CFT-techniques, and are using different professionals, such as Designated Non-Financial Businesses, and Professions (DNFPBs). Think of diamond dealers, company service providers, real estate agents, legal professions (lawyers, notaries, bailiffs, and so on), cipher professions (company revisers, accounts, tax specialists, and more) and financial institutions (banks, insurance companies, and so on).
Who can benefit
Think of diamond dealers, company service providers, real estate agents, legal professions (lawyers, notaries, bailiffs, and so on), cipher professions (company revisers, accounts, tax specialists, and more) and financial institutions (banks, insurance companies, and so on).
The professionals are also called ‘reporting entities’. This means that when they encounter suspicious (financial) transactions in their professional activities, they have to report these transactions to the national financial intelligence unit (FIU). Every country has to have such a FIU, according to the Financial Action Task Force (FATF). The FATF is the global Money Laundering and Terrorist Financing watchdog.
All these ‘reporting entities’ are submitted to the supervision, and control of professional organizations, which are subjected to the control of the national FIU.
This company is primarily intended for all these reporting entities (to the FIU), their professional supervising, and controlling organizations, and national, European, and international AML/CFT supervising, and regularity organs.
The AML/CFT trainings are aggregated by the Belgian professional supervising, and controlling organizations, such as Financial Services and Markets Authority (FSMA), National Bank of Belgium, Institute for Tax Advisors and Accountants, National Chamber for Notaries, National Chamber for Bailiffs, and so on.
In other words, the AML/CFT Training Center Financial Forensic Services exists for reporting entities, professional supervising authorities, and national, European, and international AML/CFT supervising organizations. At the same time, it exists for the law enforcement, and the justice departments as well.
Collaboration
Why Choose The AML/CFT Training Center Financial Forensic Services?
AML/CFT Training Center Financial Forensic Services contains of two elements which describe its activities. First, the training activities in the field of anti-Money Laundering, Financing of Terrorism, and related matters, such as financial investigations, documentary fraud, cybercrime, and freezing, seizuring, or confiscating the proceeds of crime. The trainings can be provided face-to-face, via live stream (thus live webinar), and via webinars on demand (24/7).
Second, the financial forensic services activities, thus business advisory with a personal touch that cannot be found at the large consulting firms. The services include the analysis of criminal, financial investigations, before proceedings towards the criminal courts, demanded by lawyers or third parties, as well as doing the investigations.
Cyberlaundering? Of course, but cash is still king. We are nowhere near a cashless society yet, so the toughest crimes stay just around the corner ~ Geert Delrue
Business & finance
Webinars On Demand
Module 1 – Money Laundering – Introduction to AML/CFT
English: only as live-webinar or in-house-training
Objective
Gain insights on the course of Money Laundering processes, and the combination of different typologies. Likewise, learn to situate the different typologies in the entire scope of the fight against Money Laundering. In other words, the crime timeline. After the training, you will know all about the typologies used in non-cash-based economies (financially included parts), and cash-based economies (financially excluded parts). Subsequently, you will develop an attitude of so-called professional skepticism, to make you aware of how Money Laundering might actually be involved in your professional work environment. Besides, you will develop a questioning mind, and undergo a critical assessment of possible clues (typologies).
Module 2 – Money Laundering – Underlying crimes – Non-financial and financial crimes
English: only as live-webinar or in-house-training
Objective
This training will teach you everything about the development of the Money Laundering processes, and the combination of different typologies. Likewise, you will learn to locate the different typologies in the scheme of the fight against Money Laundering (crime timeline). After the training, you will know everything about the typologies used in non-cash-based economies (financially included part), and cash-based economies (financially excluded part). Subsequently, this training also aims to teach you an attitude of professional skepticism, with the aim of making you aware that Money Laundering may be involved in your professional work environment, as well as teaching you to develop a questioning mind and a critical assessment of possible clues (AML/CFT typologies and indicators).
Module 3 – Money Laundering – Cybercrime
English: only as live-webinar or in-house-training
Objective
This training will teach you how to gain insights into the development of the Money Laundering processes, and the combination of different typologies and indicators. Likewise, you will learn to locate the different typologies and indicators in the scheme of the fight against Money Laundering (Crime Time Line). After the training, you will have gained insights into the techniques handled by money launderers, using all sorts of cyber tools. Likewise, you will gain insights into all sorts of organized cybercrime, such as Boiler Room Fraud, Recovery Room Fraud, CEO Fraud, Ponzi Fraud, and Pyramid Fraud. At the end of the training, you will know everything about the most important cybercrime, generating big sums of criminal money, and the most important cyber laundering techniques.
Module 4 – Money Laundering – Modus operandi
English: only as live-webinar or in-house-training
French – Info
Objective
This training will teach you everything about the course of the Money Laundering processes, and the combination of different typologies and indicators. Likewise, you will learn to locate the different typologies and indicators in the scheme of the fight against Money Laundering (Crime Time Line). In the past years, the domain of Money Laundering and Financing of Terrorism has become more and more specialized and professionalized. The time that criminals laundered their criminal Money Laundering techniques are appearing. Yet, old techniques are constantly evolving. In essence, the final goals stay the same: giving criminal money a legal appearance. Looking at the history of Money Laundering, we can identify all sorts of techniques (modi operandi) at different time lapses. In essence, some techniques are the same, but slightly adopted to new developments in society (e.g. extreme quick evolution of ICT, globalization, and so on). One of these techniques is Trade Based Money Laundering (TBML), which has existed for a long time, but has now evolved into a complicated technique which is very difficult to detect. At the end of the training, you will have an insight in the most important Money Laundering techniques at this moment.
Module 5 – Fight against Financing of Terrorism in relation to Money Laundering
English: only as live-webinar or in-house-training
Objective
Financing of Terrorism and Money Laundering are always mentioned in one breath. Nevertheless, there are differences between both; there is also a nexus. One of the ties between both is that financing of terrorism is using the same techniques as Money Laundering to move the money. A condition to understand the financing of terrorism is to understand how Money Laundering works. What typologies techniques are being used? That is why the process of Money Laundering is being explained, followed by the working of the processes of Financing of Terrorism. Both are being realized in three stages. As the Money Laundering process counts three stages (Injection, Layering, and Integration), there are also three stages in the terrorist financing process: collection, movement, and distribution. This FT-process is mainly about moving the funds between terrorists without being detected. One of the characteristics is that the same techniques (typologies) are used in Money Laundering. Of course, there are also differences. In this course, similarities and differences are being explored, to comprehend the working of both. At the end of the training, you will have insights into the most important Money Laundering techniques that are being used at this moment, and also insights into those ML-techniques that are also used by financiers of terrorism.
Criminal investigation on fraudulent bankruptcy
English: only as live-webinar or in-house-training
Objective
Criminal investigations into crimes related to the state of bankruptcy require special expertise, and demand ever higher quality standards, both in terms of content, and form. In practice, the most accurate and complete research should be carried out into the evolution of the full financial and asset situation of the bankrupt from its inception to bankruptcy. A schedule will be drawn up, indicating various sources and information, which may be used during the course of an investigation. This training is a source of inspiration for all those who want to learn about the investigation of fraudulent bankruptcies, and more specifically for magistrates when instructing research and giving associated assignments.
Module 6 – Learning to recognize Money Laundering typologies, and cipher professions
English: only as live-webinar or in-house-training
Objective
The anti-Money Laundering Bill and the 40 FATF Recommendations oblige all reporting entities, in particular the cipher professions, to report atypical (financial) transactions to the Financial Information Processing Unit (FIU) in the fight against Money Laundering and Terrorist Financing. As Money Laundering has evolved into a professional organized activity, appeal to the knowledge of legal and cipher professions has become more and more essential. They are also called gate-keepers because they are supposed to guard the border to the legal economy. You could call them guardians to the entry of the legal economy as well. This training is especially aimed at these cipher professions, to learn to detect and to recognize Money Laundering techniques, and indicators used by money launderers. At the end of the training, cipher professions will have insights into the most important Money Laundering techniques, and indicators used by money launderers.
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