ICA International Advanced Certificate in Anti Money Laundering

Dates

View all Jersey dates on the ICA website

Programme Content

Money laundering continues to hold a high profile with regulators and firms alike. Non-compliance with anti money laundering requirements can result in both significant reputational damage and financial penalties for organisations. This means appropriate training for staff is essential. Anti money laundering training options abound, however a professional qualification from the International Compliance Association will provide certificated evidence of knowledge and skills gained.

The ICA International Advanced Certificate in Anti Money Laundering is an intermediate level qualification aimed at those embarking on an anti money laundering career or already in a less senior AML role. The course covers the UK and international regulatory environment and focuses on the role of the Money Laundering Reporting Officer in practical terms. You will learn how to manage the risks of terrorist financing and evaluate suspicious activity. You will also study the AML risks involved in emerging industry sectors such as mobile financial services and e-payments.

Unit 1: The International Context

• The role of international bodies in AML and CTF
• The work of FATF and its relevance for AML practitioners
• The Impact of EU and International legislation on the AML landscape

Unit 2: Legal and Regulatory Frameworks

• Law enforcement, government, regulators and their powers

Unit 3: AML in Practice

• AML structures
• The role of the MLRO
• Managing relationships with LEAs and regulators
• Implementing the risk based approach

Unit 4: Sanctions

• Global sanctions framework
• Designing a governance framework
• Sanctions lists and screening
• The cost of getting it wrong

Unit 5: Customer Due Diligence (CDD)

• CDD and the risk-based approach
• Assessing the money laundering risk
• Assurance around the CDD process

Unit 6: Managing the risk of Money Laundering and Terrorist Financing

• The money laundering vulnerabilities or particular services and products
• Corporate service providers
• Trusts
• Politically Exposed Person (PEP)
• Terrorist financing
• Money laundering and tax evasion

Unit 7: Transaction Monitoring and Filtering Framework

• International guidelines
• Risk-based transaction monitoring and filtering framework

Unit 8: Suspicious Activity Reporting

• Automated transactions monitoring
• The SAR investigation process
• Avoiding tipping off

Unit 9: Emerging Industry Sectors

• Mobile financial services
• Betting and gaming
• E-payments

Unit 10: Escalations and Exits

• Exit processes
• Roles and responsibilities
• Record keeping

Key Features

• An intermediate level programme resulting in a professional qualification
• 6 months’ duration
• Completion of one assignment and one open book examination
• Comprehensive detailed course materials that can be used in the workplace
• Written and delivered by experienced industry practitioners
• Extensive support and resource material
• Awarded in association with Alliance Manchester Business School, The University of Manchester
• Recognised by regulatory authorities worldwide

JFSC Table 5 Qualification

This qualification is currently included or recently proposed to be included in the JFSC Qualification Table 5 for the TCB sector.

Entry Requirements

This course is open to anyone who is interested in pursuing a career in AML. However, the content of the programme requires students to possess:

• Sound educational background
• Good written English skills

How Will You Be Assessed?

• 2 x 2,000-2,500 word assignment

ICA qualifications are awarded in association with Alliance Manchester Business School, The University of Manchester.

In order to study any ICA qualification you need to be a member of the ICA, joining our international professional community of thousands of like-minded individuals. The fee for ICA Affiliate Membership is £97 payable to ICA* and includes your assessment and access to invaluable knowledge resources that will help with your course as well as many other member benefits and services (view the list of membership services and benefits that you’ll receive here). Become an Affiliate Member.

Enrol online now.

*unless you are a member of the ICA already.