ICA/AFMA AML/CTF Regulation and Risk Program

Overview

Compliance with the AML/CTF Act requires much more than the establishment of appropriate procedures and controls. Just as important is equipping staff across the organisation with a sound knowledge of the AML/CTF regulation, the skill to critically assess vulnerabilities in banking products services and processes, and to recognise their individual responsibility to monitor and challenge processes on an ongoing basis and to strive for the best practice in money laundering risk identification and remediation. The AML/CTF Regulation and Risk Program has been developed to provide individuals with these essential capabilities.

Based on the ICA/AFMA AML/CTF Graduate Program, the AML/CTF Regulation and Risk Program provides a practical and rigorous guide to the AML/CTF regulatory framework and examines the elements of the risk-based approach to identifying and managing ML/TF risks. Using typologies and case studies, the program also explores the money laundering vulnerability of financial products and services. Throughout the course, students apply their learning to real-life scenerios and problems.

               

Who is the course suitable for?

This foundation program is suitable for early to mid-career professionals working in financial institutions as well as those who work in partnership with financial institutions.

  • AML Professionals
  • Regulators
  • Policy Makers
  • Law enforcement

This program may also be suitable for individuals who are currently ineligible to complete the AML/CTF Graduate Program, but may wish to complete the full Graduate Program in the future.


What will you learn?

This course provides a detailed guide to the regulatory framework on which AML/CTF practice is based. It examines the core elements of the risk-based approach. Using typologies and case studies, it explores the ML vulnerability of financial products and services. It enable professionals to perform the following:

  • apply advanced knowledge and skills in financial crime compliance and management roles
  • exercise judgment to plan and implement a range of AML/CTF functions
  • critically analyse the role of financial institutions in money laundering, terrorism financing and proliferation financing
  • evaluate the key elements of the Australian AML/CTF framework
  • assess the extent to which the Australian regime reflects international AML/CTF standards
  • lead organisational compliance with domestic and international AML/CTF laws
  • critically evaluate the principles underlying the risk-based approach
  • manage the assessment of an organisation's vulnerability to money laundering and terrorism financing
  • determine enhancements to AML/CTF systems to manage vulnerabilities of products, services and channels
  • assess the impact of emerging trends in the financial services industry and apply to organisational AML/CTF systems and processes

For more details, please see our program brochure.

Entry requirements

Entry to this course is limited to work experience in the finance industry and individuals who are able to demonstrate intermediate to advanced knowledge and skills in financial crimes compliance. Applicants must meet one of the following options for demonstrating previous relevant workplace experience and related study:

  • 3 years of relevant workplace experience
    OR
  • 18 months of relevant workplace experience and a diploma qualification (or equivalent)
    OR 
  • 6 months of relevant experience and a bachelor degree (or equivalent)


How will you study?

This course is completed via a combination of workshop attendance, self-study, online support and assessment. Students will receive a comprehensive study manual containing the core content, self-assessment exercises, case studies and suggested solutions. 

How will you be assessed?

  • Prepare two skills assessments, demonstrating mastery of the requisite competencies
  • Participate in the mandatory online discussion forums
  • Participate in assessable workshop activities
  • Research and write one academic assignment up to 3,500 words 

What will you achieve?

On successful completion of the program, students will achieve the following:

  • AFMA Postgraduate Certificate of AML/CTF Regulation and Risk
    Currently this is not a nationally recognised qualification within the Australian Qualifications Framework.
  • ICA Advanced Certificate in AML/CTF Regulation and Risk
    Awarded in association with Aliiance Manchester Business School, The University of Manchester.


Membership of ICA

In order to study any ICA course you will need to become a member of ICA

 

 

What does it cost?

ICA Membership Fee £30
Course Fee** (AFMA Member)

AUD 2,200 inc. GST

Course Fee** (Non-member)

AUD 2,750 inc. GST

 

 

 

 

 

All costs are (+ VAT or local taxes if applicable). 

**Students currently residing in certain low GDP countries receive a 15% discount on this fee. View list of applicable countries here. This price may differ in countries where the course is priced in local currency. These fees include a printable certificate once you have completed the course.

 

Download syllabus here

Download qualifications framework here

Enrol online

 

When and where can I study?

Visit International Compliance Training's website, our dedicated training partner, for information on the locations and dates for this course. 

Find out more about this course at a free briefing session ► 

 

I’d like to enrol, but I still have a few final questions.

Please provide us with your contact details and a representative from International Compliance Training, our dedicated training provider will be in touch shortly.

 

 

 

 

MAILING LIST SIGN-UP
Complete this form to join the ICA Mailing List












Please complete all marked fields (*)

Note links are not valid


*These updates may come from us or our training partners.

© International Compliance Association I Company registration 4429302 I Registered office 5th Floor, 10 Whitechapel High Street, London, E1 8QS, United Kingdom