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ICA Specialist Certificate in Money Laundering Risk in Correspondent Banking

SG Spec Cert Online -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.

Enrol Now '22

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 enquiries@int-comp.org or call 6500 0010 for a one to one course counselling. Chat with us via Whatsapp @ +65 8660 5808 or Telegram @icaAPAC 

  • 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 enquiries@int-comp.org or call 6500 0010 for a one to one course counselling. Chat with us via Whatsapp @ +65 8660 5808 or Telegram @icaAPAC 

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

Not sure if this is right for you? Contact us at enquiries@int-comp.org or call 6500 0010 for a one to one course counselling. Chat with us via Whatsapp @ +65 8660 5808 or Telegram @icaAPAC 

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

SGD1,660 + GST

This course is eligible for Financial Training Scheme (FTS) funding.

This scheme is only available for company-sponsored individuals.

*MAS will enhance course fee subsidies up to 70% for locals attending accredited or recognised courses.

*Grant Cap of S$500 per participant per programme

Find out more about funding eligibility and details here.

*Terms and conditions apply

 

Spec Cert In MLR In CB - Program Highlight 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 +65 6500 0010 or email clientservicesapac@int-comp.org.

 

Any questions? 

Check out our Frequently Asked Questions (FAQs)

Call +65 6500 0010 or email enquiries@int-comp.org for further information.

Chat with us via Whatsapp @ +65 8660 5808 or Telegram @icaAPAC 

 

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Phone: +65 6500 0010

Email: studentadmin@int-comp.com

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