ICA Specialist Certificate in Money Laundering Risk in Correspondent Banking

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.

Learning Outcomes

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

Programme Overview

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 +603 92131438 or studentadmin@int-comp.com for a one to one course counselling.

Course Format

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 +603 92131438 or studentadmin@int-comp.com for a one to one course counselling.

Who Is This Course Suited For?

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

Designation Awarded

Upon completion of the programme, you are awarded:

ICA Specialist Certificate in Money Laundering Risk in Correspondent Banking

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

Course Fee

RM2, 295 (subject to prevailing taxes)

The stated course fee is applicable for Malaysian citizens and physically based in Malaysia only.

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 +603 92131438 or email us at clientservicesapac@int-comp.org.

Any questions?

Check out our Frequently Asked Questions (FAQs)

Email us at studentadmin@int-comp.com.