ICA Diploma in Financial Crime Compliance (IBF Level 2)

This qualification provides a practical understanding of the dynamic regulatory landscape and a detailed look at risk management strategies and leadership skills.

Expression Of Interest

Course details

  • Develop your critical-thinking skills to become a trusted advisor to the business
  • Assess international frameworks and best practice, and leverage insights on risks and appropriate mitigants, enhancing your work-based decision making
  • Augment your skills in evaluating financial crime compliance strategies
  • Develop your monitoring and surveillance techniques and tools, ensuring appropriate control measures are in place, mitigating risk still further
  • Communicate effectively with all stakeholders
  • Understand data and how it can be analysed and reported in an impactful way 
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Instalment payment plan

Want to spread the cost of this course? Find out more about instalment payment plan.

Become an ICA member

When you enrol onto this course you will join an international
community of over 30,000 members. Benefits include:

  • Access to the uniquely personalised ICA Learning Hub
  • Weekly webinars covering the latest industry
  • Discounts on ICA events and further ICA courses

What will I learn?

  • Module 1: The Dynamic Regulatory Environment
  • Module 2: Good Corporate Governance
  • Module 3: Risk Management Strategies
  • Module 4: Customer Lifecycle
  • Module 5: Strategic Management
  • Module 6: Data Management

Entry requirements

Participants are required to:

  • Have a good standard of written and spoken English
  • Have achieved academic qualifications, e.g. diploma, university degree or vocational qualification such as the ICA Advanced Certificate in Regulatory Compliance / ICA Advanced Certificate in Regulatory and Financial Crime Compliance
  • Have a minimum of three years of direct knowledge and experience in compliance in financial services 

Course format

This is a 10-month course where you will study at home and attend 3 x 3-hour highly interactive virtual instructor-led workshops per module (total of 6 modules).

Each of the 6 core modules comes with an assessment. 

  • 4 of the modules are assessed by written assignment and each assignment must be between 3,000 and 3,500 words in length
  • 2 of the modules are assessed by examination, lasting 3 hours

Is this course right for me?

Typically, those who complete this qualification are:

  • Already working within a compliance function and looking to develop their knowledge and skills still further, and to advance their career;
  • Have been working within financial services for some time, have already completed a lower-level ICA compliance qualification and are looking to accelerate their career in the compliance function;
  • Individuals with compliance responsibilities as part of their existing role, have already obtained the ICA Advanced Certificate in Regulatory Compliance, and wish to play a bigger part in the compliance function 

Funding available for students in Singapore

This programme has been accredited under the IBF Standards and is eligible for funding under the IBF Standards Training Scheme (IBF-STS), subject to all eligibility criteria being met.

Candidates are advised to assess the suitability of the programme and its relevance to participants’ business activities or job roles. Find out more about IBF Certification here

For Singaporeans/PRs below 40 years old, IBF-STS provides 50% funding for direct training costs subject to a cap of S$3,000 per candidate per programme and all eligibility criteria being met.

For Singaporeans above 40 years old, IBF-STS provides 70% funding for direct training costs subject to a cap of S$3,000 per candidate per programme and all eligibility criteria being met.

Find out more on www.ibf.org.sg



How often does this course run?

There are three intakes per year for this course: March, July and September.

What payment options are there?

If you are self-funding, can pay for the course in full by credit or debit card or pay in eight interest-free instalments. If your employer is paying for the course you can select the invoice option when enrolling online.

Discounts for low GDP countries?

If you reside in one of the countries on this list you will receive a 15% discount on this course. The discount will automatically be added at checkout when you enrol.

Does the course fee include local tax?

Local tax if applicable will be added to your basket on check out.

Why do I need to be a member of ICA to do this course?

As a professional, awarding body ICA requires you to be an Associate member while you’re studying for your course (unless you are already a member). You will benefit from being part of a global, like-minded community and will receive access to additional resources, insight and learning to support your studies. Once you’ve completed your course, renewing your membership showcases your commitment to ongoing learning and continues to provide you with a range of benefits including digital badges to share on social media and discounts for ICA’s global events.

How will this course make me stand out from the crowd?

ICA qualifications are internationally recognised as evidence of high levels of competence in regulatory and financial crime compliance. Many employers all over the world specify an ICA Diploma as a pre-requisite for roles. The course is unique and designed to not only enhance your knowledge and skills but also develop your behaviours. You will gain technical, specialist knowledge but also vital critical thinking and interpersonal skills to help advance your career. 

How much self-study time do I need to set aside?

We recommend that you allow for 2-4 hours study per week but plan to increase this around your times of assessment.