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.

Who is the course suitable for?

  • Senior practitioners who are keen to enhance their existing expertise by learning about another distinct sphere
  • Senior managers 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
  • MLROs, Compliance Managers, Risk Managers, CDD Managers
  • Anyone with an interest in the subject matter

 

What will you learn?

  • What is correspondent banking?
  • Regulations, risk management and operating compliant correspondent banking relationships
  • Money laundering risks inherent to correspondent banking
  • Undertaking CDD, EDD and ongoing due diligence in correspondent banking
  • The consequences of inadequate due diligence
  • Maintaining effective monitoring in correspondent banking
  • Sanctions

 

Entry requirements

The qualification 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 exam of 15 short-form questions.

ICA qualifications are awarded in association with Manchester Business School, The University of Manchester

Does this count towards ICA CPD?

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

Can this course be taught in-house?

If you have a training requirement for more than ten employees, why not contact us to discuss delivering the training in-house at your firm? It’s the ideal way to maximise your budget, minimise disruption and tailor content to your specific needs. In-house training from ICT is available all over the world. They’ve worked with hundreds of clients and can do the same for you. Call the dedicated in-house training team on +44(0) 121 362 7678 to discuss your training needs.

What does it cost?

In order to study any ICA qualification you need to be a member of the ICA, joining an international professional community of thousands of like-minded individuals.  The fee for ICA Affiliate Membership is £30 payable to ICA* and includes your assessment and access to invaluable knowledge resources that will help with your course as well as many other member benefits and services (view the list of membership services and benefits that you’ll receive here http://www.int-comp.org/membership/member-benefits/ ). Become an Affiliate Member http://www.int-comp.org/become-a-member

The course fee is £595 + VAT payable to ICT (ICA’s training provider).

Enrol online now http://www.int-comp.org/qualifications/enrol-online/

*unless you are a member of the ICA already.
These fees include a printable certificate once you have completed the course.