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 Alliance Manchester Business School, the University of Manchester. 



Who is the course suitable for?

  • Financial services practitioners who are keen to enhance their existing expertise by learning about another distinct sphere
  • Practitioners (including MLROs, Compliance Managers, Risk Managers, CDD Managers and other financial crime prevention or compliance practitioners) 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
  • Anyone new to the correspondent banking environment who need to understand the inherent risks they face
  • Those with an interest in the subject matter



What will you learn?

When you undertake the course, in addition to the essential concepts of AML and CTF, you will cover the following areas:

  • Essential AML concepts
  • Fundamentals of correspondent banking
  • Regulatory frameworks
  • Money laundering risk is inherent in correspondent banking
  • Approaching due diligence in correspondent banking
  • Monitoring
  • Sanctions



Entry requirements

The course is specifically designed to be detailed yet accessible. Prior subject matter knowledge will be useful, but is not essential.

To get the most from the course, a good standard of English is required.



How and where can you study?

The course is fully online so can be studied at any time, wherever you are in the world. You will have 3 months to complete the course.



How will you be assessed?

At the end of the online course, you will take a one-hour multiple choice closed book examination.

Specialist certificate courses count as 15 hours of ICA CPD credit.

 


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** £595 (+VAT)

 

 

 

 

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.

This course appears on the approved training providers for the Oil & Gas Transition Training Fund in Scotland. Interested applicants should contact Skills Development Scotland www.transitiontrainingfund.co.uk

 

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.

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