ICA Specialist Certificate in Money Laundering Risk in Correspondent Banking


Attend the ICA Briefing Session in Singapore 


Date: 13 February 2019, Wednesday
Time: 6:30pm to 8:30pm
Venue: Stephen Riady Auditorium, NTUC Centre

REGISTER

 

Overview

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.
 

Who is this course 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

How will you be assessed?

At the end of the online course you will take a one hour multiple choice exam of 25 questions.

Upon completion, you will be awarded:

  • ICA Specialist Certificate in Money Laundering Risk in Correspondent Banking

What will you learn? 

When you undertake the course, in addition to the essential concepts of AML and CFT, you will cover the following areas:

  • Gatekeepers
  • Offshore financial centres
  • Multiple correspondent transactions
  • Risk management
  • Know your customer (KYC) and customer due diligence (CDD)
  • Suspicious transaction reporting
  • Risk controls

Download the full syllabus here

 

How and where can you study?

You can study at home through online learning and attend a highly interactive workshop where offered.

Course Format

  • Access to online materials for 3 months and
  • 1-day face-to-face workshop to enhance your learning experience 
  • 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)

What does it cost?

SGD$ 1,750 +7% GST

Funding

This course is eligible for Financial Training Scheme (FTS) funding. 50% funding of direct training costs subject to a cap of $2000 per participant per programme.

In order to be eligible for funding: Singapore-based financial sector entities - Financial Instituitions and other entities regulated by The Monetary Authority of Singapore (either licensed or exempted from licensing) sponsoring staff who is:

  • A Singapore Citizen or Singapore Permanent Resident;
  • Of executive level 2 and involved in or supporting financial sector activities;
  • Physically based in Singapore;
  • Either permanent or contract (=1 year) staff, and engaged either on a full or part-time basis.

Singapore Citizens aged 40 years old and above will be eligible for 90% co-funding of direct training costs, subject to existing grant caps of S$2,000 per programme. Singapore Permanent Residents will continue to be eligible for 50% co-funding of direct training costs for FTS programmes.

Please email funding@ibf.org.sg for claim procedures.

Enrolment

Workshop date:  13 December 2018, Thursday

ENROL NOW

Please complete this Letter of Undertaking and upload onto Online Enrolment Form if you are a company-sponsored staff. 

Terms and conditions

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 enquiries@int-comp.com

Any questions?

ENQUIRIES

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

 

 

 

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Phone: +65 6500 0010

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© 2015 International Compliance Training Academy Registration number: 200706149E Period of registration: 12/03/2017 - 11/03/2021