ICA Specialist Certificate in Money Laundering Risk in Correspondent Banking


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
  • 2 x 3hr Virtual Instructor Led Training (VILT) 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)

*FTS-Eligible

This programme is recognised under the Financial Training Scheme (FTS) and is eligible for FTS claims subject to all eligibility criteria being met.

Please note that in no way does this represent an endorsement of the quality of the training provider and programme. Participants are advised to assess the suitability of the programme and its relevance to participants’ business activities or job roles.
The FTS is available to eligible entities based on the prevalent funding eligibility, quantum and caps. FTS claims may only be made for recognised programmes with specified validity period. Please refer to www.ibf.org.sg for more information.

Please refer to www.ibf.org.sg for more information.

 

What does it cost?

SGD$ 1,750 +7% GST

Funding

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

Read on funding information here.

*MAS will enhance course fee subsidies for locals attending accredited or recognised courses up to 90%. IBF will provide an additional 5% in support in the form of IBF Credit, bringing the course fee subsidy up to 95%.

Read more about the enhanced funding details.

 

Enrolment

ENROL NOW

 

 

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 studentadmin@int-comp.com.

Any questions?

 

ENROL NOW

 

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

 

 

 

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