ICA Specialist Certificate in Money Laundering Risk in Correspondent Banking


HK-Spec Cert In MLR In CB-schedule

With an increased focus on money laundering, terrorist financing and corruption by regulators in many jurisdictions, banks are closely scrutinising their commercial income against financial crime compliance risk. As a result, de-risking across the banking sector is a significant issue and banking relationships, particularly correspondent banking arrangements, are at risk.

The ICA Specialist Certificate in Money Laundering Risk in Correspondent Banking provides you with an opportunity to understand the fundamentals of correspondent banking. You will look at the inherent money laundering risks and develop skills that will help you recognise potentially dangerous situations in correspondent banking relationships before they escalate into what could become major events.  

This course is awarded in association with the Alliance Manchester Business School, The University of Manchester. 

After completion of this programme, you will:

  • be aware of the relationship between correspondent banking and respondent as well as the essential services it provides to customers
  • gain an understanding of money laundering risks and frameworks in place to mitigate the risks 
  • know what is de-risking and its impact on the banking sector
  • understand the standards related to correspondent banking
  • appreciate the importance of a robust customer due diligence programme 
  • learn how to put an effective transaction monitoring process in place 
  • be aware of the potential for breaching sanctions

In addition to the essential concepts of AML and CFT, the course will cover the following areas:

  • Essential AML concepts
  • Fundamentals of correspondent banking
  • Regulatory frameworks
  • Money laundering risk is inherent in correspondent banking
  • Approaching due diligence in correspondent banking
  • Monitoring
  • Sanctions

 

Download Course Syllabus

Not sure if this is right for you? Contact us at +852 3665 0914 or email studentadmin@int-comp.com for a one to one course counselling.

  • Access to online materials for 3 months 
  • Online exam (multiple choice) that can be taken at any time throughout the course (although we recommend you sit this after the workshop has taken place)
  • One free exam resit

 

Download Course Syllabus

Not sure if this is right for you? Contact us at +852 3665 0914 or email studentadmin@int-comp.com for a one to one course counselling.

This course is suitable for:

  • Senior practitioners who are keen to enhance their existing expertise by learning about another distinct sphere
  • Senior managers within the correspondent banking environment who wish to certify their knowledge
  • Operational staff, working specifically within the correspondent banking environment, who need to understand the inherent risks they face
  • Regulators or Consultants working within the correspondent banking space
  • MLROs, Compliance Managers, Risk Managers, CDD Managers
  • Anyone with an interest in the subject matter

Upon completion of the programme, you are awarded:

  •  ICA Specialist Certificate in Money Laundering Risk in Correspondent Banking

 Spec Cert In MLR In CB_Parchment Specimen

This course is awarded in association with Alliance Manchester Business School, the University of Manchester.

MBS

Course fee: HK$ 9000

The stated course fee is applicable for Hong Kong citizens and physically based in Hong Kong only.

In order to study any ICA qualification you need to be a member of the ICA, joining their international professional community of thousands of like-minded individuals.  

ICA Student Membership Fee (one year)*: £75

*Payable unless you are already an ICA Member. 

 Find out more here

Spec Cert In MLR In CB - Program Highlight

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Can this course be taught in-house?

If you have a training requirement for more than 15 employees, why not contact us to discuss delivering the training in-house at your firm? It’s the ideal way to maximise your budget, minimise disruption and tailor content to your specific needs.

Call our dedicated in-house training team at +852 3665 0914 or email enquirieshk@int-comp.com.

Any questions?

ENQUIRIES

Check out our Frequently Asked Questions (FAQs)

Call +852 3665 0914 or email enquirieshk@int-comp.com for further information.

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© International Compliance Training Academy Registration number: 200706149E Period of registration: 12/3/2021- 11/3/2025.