Channel Islands session - Economic crime review

This session will seek to ensure that delegates are apprised of the overarching economic crime threats, driven by technological advancements, geopolitical pressures, and increasingly sophisticated criminal tactics, that are likely to impact their mode of operations and challenge, perhaps more often than previously, the notion and calibration of risk. It will also explore that impact upon the subsequent effective determination of their risk appetite (although the vagaries and potential inapplicability of such a concept will also be revisited).

Aside from providing an overview of the latest and anticipated fraud and money laundering typologies and vectors, this session will explore a range of issues including:

• Cybersecurity Threats and AI-Driven Attacks

Artificial intelligence (AI) is being weaponised by cybercriminals to conduct highly sophisticated attacks. Techniques like deepfakes, voice cloning, and advanced phishing are making fraud more convincing and difficult to detect.

• Ransomware and Data Breaches

Ransomware attacks remain a major threat according, inter alia, to the World Economic Forum’s 2025 Global Cybersecurity Outlook, with criminals exploiting vulnerabilities to lock down company data and demand large payments.

• Authorised Fraud and Social Engineering

Organised criminal networks are increasing their use of social engineering tactics, convincing individuals to willingly transfer funds or provide sensitive information. The ACAMS Global AFC (Anti-Financial Crime) Threats Report 2025, for example, ranks ‘authorised’ fraud among the most significant global financial crime threats.

• Sanctions and Export Control Evasion

The evasion of economic sanctions and export controls is on the rise due to increased geopolitical instability. Illicit actors are exploiting complex supply chains and professional intermediaries to bypass restrictions.

• Quantum Computing Risks

The future impact of quantum computing on encryption could be dramatic. If current encryption methods are compromised sensitive financial data could be at risk.

• Regulatory Changes and Compliance Challenges

The regulatory landscape is evolving rapidly. In the UK, for example, the new failure to prevent fraud offences within the Economic Crime and Corporate Transparency Act 2023 places greater responsibility on companies to detect and prevent fraud within their operations.

What you will gain

Delegates will leave the session with an appreciation of the threats posed by economic crime (broadly defined), an awareness of key global economic crime-related concerns, and an understanding of the of the importance of placing the notion of ‘risk’ and ‘risk management’ into a national, regional and global context and for tackling corporate risk vectors in a proactive rather than reactive manner.

Fee: 55 GBP + VAT (66 GBP) per delegate

1.5 CPD units

1 hour of learning = 1 unit of CPD

Please see other sessions within the Channel Islands conference week, which are also CPD verifiable. 

ACCA members can use this learning to meet their CPD requirements provided it is relevant to their career. If the event contributes to general knowledge and skills, it should be recorded as non-verifiable CPD. If the learning can be applied in the workplace, it will contribute to verifiable CPD.

If you are unable to join the live webinars, they will be available on-demand 24 hours after the live webinar ends and you will have access to the sessions for 12 months.

Should you wish to view or download the handout materials in advance of the event, they will be available one day prior through your document library at https://events.accaglobal.com.

This event is organised by ACCA UK Continuous Learning Team.

If you have any queries regarding this event please contact us on: