ICA Certificate in Compliance logoAnti Money Laundering

Professionals working in money laundering prevention already understand the benefits of, and regulatory requirements for, training in this area. The ICA qualifications are some of the foremost available and one of the few that offers a truly international perspective on anti money laundering.


ICA International Diploma in Anti Money Laundering


The ICA International Diploma in Anti Money Laundering is comprehensive and reflects the regulatory environment today. The programme focuses on relevant international best practice, legislation and regulations. It examines various strategies, frameworks and vulnerabilities. Elements involved in the reporting of suspicious transactions are explored. Internal controls are considered including the design of a money laundering prevention framework. With course materials that are regularly updated, the Diploma focuses on current major issues that impact upon the money laundering prevention role.

By the end of the Diploma, you will have an in-depth knowledge that can be drawn upon in the execution of your duties. Understand the international arena will give you a perspective that will enable you to make informed decisions in the delivery of your money laundering prevention strategy and, knowledge gained can be used to measure practices and tailor them to meet future challenges.


Core Modules
Module 1: International Anti Money Laundering and Counter-Terrorist Financing Strategies, Frameworks and Vulnerabilities

  • International Anti Money Laundering -Combating the Financing of Terrorism (CFT) Strategies
  • National National CFT Frameworks
  • Money Laundering and Terrorist Financing Techniques and the Vulnerabilities of Specific Financial Services Products

 

Module 2: Anti Money Laundering Reporting and Dealing with the Authorities

  • The Duties and Responsibilities of the MLRO
  • Recognition, Handling and Reporting Transactions
  • Post-Reporting Considerations
  • Dealing with the Authorities

 

Module 3: Designing Anti Money Laundering Frameworks, Risk Profiling Techniques and Customer Due Diligence

  • Designing a Comprehensive Anti Money Laundering Framework for a Financial Services Business
  • Customer Due Diligence (CDD) in Practice and Risk Profiling

 

Module 4: Compliance Culture

  • Engendering an Effective Compliance Culture and Maintaining a High Level of Awareness

 

Who the Diploma will Benefit

  • Money Laundering Reporting Officers and deputies
  • Money Laundering Prevention Officers and deputies
  • Managers with responsibility for internal anti money laundering
  • Risk Managers
  • Internal and External audit staff
  • Regulatory representatives
  • Accountants
  • Lawyers
  • Company Secretaries
  • Anyone who requires an in-depth knowledge of the fundamental regulatory principles in relation to money laundering reporting and prevention

 

Key Features

  • A graduate level programme resulting in a professional qualification
  • 9 - 12 months duration
  • 3 pieces of assessed work, each piece approximately 3,000 words in length
  • One 3 hour 15 minute open-book examination
  • 4 core modules

ICA International Advanced Certificate in Anti Money Laundering


Money laundering continues to hold high profile with regulators and firms alike. Non-compliance with anti money laundering requirements can cause both significant reputational damage and penalties for organisations, meaning appropriate training for staff is essential. The ICA International Advanced Certificate in Anti Money Laundering is an intermediate level qualification aimed at those embarking on an anti money laundering career or already in a junior AML role.
The course covers the legal and regulatory framework, the role of the AML professional and customer due diligence (CDD) in practice.


Unit 1: The International Context

  • The Role of International Bodies in AML and CTF
  • Financial Sanctions Regimes
  • Key Inititatives and their Relevance for AML Practitioners

Unit 2: Key International Legal and Regulatory Frameworks

  • Law Enforcement, Government, Regulators and their Powers
  • Primary Law

Unit 3: AML in Practice

  • AML Structures
  • The Role of the MLRO
  • Role of Senior Management
  • Managing Relationships with LEAs and Regulators
  • Implementing the Risk-Based Approach

Unit 4: Customer Due Diligence (CDD)

  • What is CDD?
  • CDD and the Risk Based Approach
  • More Detailed CDD Issues
  • Comparison of International Regulators' Approach

Unit 5: Managing the Risk of Money Laundering and Terrorist Financing

  • How is Money Laundered?
  • The Money Laundering Vulnerabilities of Particular Services and Products
  • Corporate Service Providers
  • Trusts and Foundations
  • Alternative Remittance
  • Terrorist Financing
  • Money Laundering and Tax Evasion

Unit 6: Suspicious Activity Reporting

  • Evaluating Suspicious Activity
  • Automated Transaction Monitoring
  • The SAR Investigation Process
  • Post-Reporting Considerations
  • Constructive Trust

Unit 7: Emerging Industry Sectors

  • Mobile Financial Services
  • Betting and Gaming
  • E-Payments

Key features

An intermediate level programme resulting in a professional qualification
6 months’ duration
Completion of one assignment and one open book examination
Comprehensive detailed course materials that can be used in the workplace
Written and delivered by experienced industry practitioners
Extensive support and resource material
Awarded in association with University of Manchester Business School
Recognised by regulatory authorities worldwide


Who the Advanced Certificate is aimed at

New/recently appointed MLROs and deputies
New/recently appointed Financial Crime and Risk Officers
Compliance Officers
Internal auditors assuming responsibilities for money laundering/financial crime issues
All individuals engaged in financial services and who aspire to a career in anti money laundering

ICA International Certificate in Anti Money Laundering Awareness


This programme is an excellent introduction to anti money laundering for all staff and covers the fundamentals of prevention. It explains to staff what they need to know in order to understand their responsibilities and the part they play in preventing money laundering. The course provides a good basis on which to develop further knowledge.

 

This anti money laundering programme focuses on relevant international best practice, legislation and regulations. It examines what constitutes money laundering activities and terrorist financing. Elements involved in the reporting of suspicious transactions are explored, including tipping off and politically exposed person risk.

 

By the end of the course, staff will have a clear understanding of the anti money laundering function and the surrounding context. A wider awareness of the international arena is given in readiness for future development.

 

Core Modules

 

  • Understanding Money Laundering
  • Anti Money Laundering Laws
  • Identifying Money Laundering Activity
  • Handling the Risk of Tipping off
  • Terrorist Financing - How does it differ from money laundering?
  • Politically Exposed Person (PEP) Risk
  • Sanctions Risk

 

Specialist Modules

 

  • Trust and Company
  • Banking
  • Insurance and Investment Business
  • Betting and Gaming Sector
  • Management
  • Mobile Financial Services

Download course brochure here.

Download enrolment form here.

Click here to view a video introduction to the courses.

For more information email Maria on mariak@int-comp.org or call + +9715 (0) 0651 8539.