ICA International Diploma in Anti Money Laundering

Professional Qualification

Overview

Money laundering prevention remains high on the agenda for financial services professionals. An integrated approach to fighting the risk is needed, and knowledgeable, fully trained staff are essential to that approach. The ICA Diploma in Anti Money Laundering helps individuals develop best practice initiatives and prepares them to face present and future challenges, therefore reducing risk.

Suitable For

Money Laundering Reporting Officers and deputies, Money Laundering Prevention Officers and deputies, Managers with responsibility for internal anti money laundering and / or compliance controls, Risk Managers, Internal and external audit staff, Regulatory representative and anyone who requires an in-depth knowledge of the fundamental regulatory principles relation to money laundering reporting and prevention

See below
9 months
Jersey  

ICA International Diploma in Anti Money Laundering

Date: See below
Cost: £3450 (+ local taxes if applicable)
See below for booking instructions

Dates

View all Jersey dates on the ICT website

The ICA International Diploma in Anti Money Laundering (AML) is comprehensive and reflects the complexity of today's regulatory environment. The programme focuses on relevant best practice, legislation and regulations. It examine various strategies, frameworks and vulnerabilities. Elements involved in the reporting of suspicious transactions are explored. Internal controls are considered including the design of money laundering prevention frameworks, and Customer Due Diligence.

The Diploma focuses on current major issues that impact upon the money laundering prevention role. By the end of the programme, you will have an in-depth (practical) knowledge that can be drawn upon in the execution of your duties. Understanding the external framework gives you a perspective that will enable you to make informed decisions in the delivery of your money laundering prevention strategy. Knowledge gained can be used to evaluate systems and controls and tailor them to meet future challenges.

Programme Content

Module 1: Anti Money Laundering (AML) and Combating Terrorist Financing (CTF) in Context

  • Money Laundering and Terrorist Financing - definitions and nature
  • The international context
  • Anti Money Laundering and Counter Terrorist Financing frameworks
  • Vulnerabilities of products and services

Module 2: Customer Identification (CDD), Customer Risk Profiling and Customer Monitoring

  • Client Due Diligence (CDD)

Module 3: Sanctions

  • Sanctions

Module 4: Designing a Comprehensive AML and CTF Framework for a Financial Services Business

  • Concepts of risk management
  • Risk based approach to AML and CTF
  • Escalations and exit strategies

Module 5: Governance and Leadership

  • The AML governance framework
  • Management issues for AML and CTF policy
  • Culture and training

Module 6: Suspicious Activity/ Suspicious Transaction Reporting and Dealing with the Authorities

  • Transaction monitoring
  • Recognition, handling and reporting transactions
  • Post-reporting considerations
  • Dealing with the authorities

Key Features

  • A graduate level programme resulting in a professional qualification
  • Awarded by the ICA in association with Alliance Manchester Business School, The University of Manchester
  • 9 months duration
  • Comprehensive, detailed course materials that can be used in the workplace
  • Written by experienced industry practitioners
  • Internationally focussed
  • Detailed support readings and texts
  • Extensive online resource materials
  • Dedicated tutor support

Key Benefits

  • Improved knowledge, developed skills
  • Reduced reputational and financial risk for firms
  • Enhanced workplace performance
  • Allows use of the designation Int. Dip (AML)
  • Potential for career progression
  • Professional membership of the International Compliance Association
  • Verifiable evidence of learning

JFSC Table 4 Qualification

This qualification is currently included or recently proposed to be included in the JFSC Qualification Table 4 for the TCB sector.

Entry Requirements

  • Sound educational background, e.g. degree or professional qualification in an appropriate discipline, or
  • Attainment of the ICA Advanced Certificate in AML (International or UK) or
  • Three years relevant work experience

How Will You Be Assessed?

  • Three 2,500 – 3,500 word assignments

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

Contact ICT

Tel: +44 (0)121 362 7534
Email: ict@int-comp.com
Fax: +44 (0)121 240 3002

How To Apply

Apply online at www.int-comp.com/enrol-online or get in touch with ICT (ICA's approved training provider).

 

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.

The course fee is £3450 (+ VAT or local taxes if applicable) payable to our training partner. Students from certain low GDP countries receive a 15% discount on this fee. View list of applicable countries here.

Enrol online now.

*unless you are a member of the ICA already.