ICA Specialist Certificate in Compliance for Payment Service Companies

Overview

This course equips you with the knowledge and skills to: 

• Translate global standards into day-to-day decisions - Understand how frameworks such as FATF, Basel and PSD2/3 translate into practical compliance requirements within a payment services context, so you're applying judgement, not just following rules. 
• Understand what makes payment services different - Identify where the risks facing payment institutions and e-money issuers diverge from mainstream banking, across financial crime, safeguarding, capital adequacy, operational resilience and consumer protection. 
• Build core financial crime capability - Learn money laundering typologies, customer due diligence, transaction monitoring, sanctions screening and SAR reporting, worked through payment services scenarios.  
• Engage effectively with governance structures - Understand board and senior management accountability, the Three Lines Model, and how responsibility and accountability sit within a regulated firm.  
• Protect customer funds and manage prudential risk – Understand safeguarding requirements for customer funds, the capital adequacy and liquidity standards that apply, and what sound wind-down planning looks like.  
• Deliver good outcomes for customer – understand conduct regulation, consumer duty expectations and good complaints handling and redress.C