Private banking provides a service to individuals on high levels of income, offering the personalised service they seek, that cannot be obtained through the mass-market retail banks. Significant money laundering risks exist in the private banking sector and the relationship manager must be equipped to contend with these in a currently volatile marketplace.

The ICA Specialist Certificate in Money Laundering Risk in Private Banking provides you with an opportunity to understand the inherent money laundering risks that the international private banking community is faced with, and the mitigation strategies that can be adopted to protect clients and businesses.

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 private banking environment who wish to certify their knowledge
  • Operational staff, working specifically within the private banking environment, who need to understand the inherent risks they face
  • Regulators or Consultants working within the private banking space
  • MLROs, Compliance Managers, Risk Managers, CDD Managers
  • Anyone 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:

  • Risk Management
  • Vulnerabilities of Private Banking Products and Services
  • CDD, EDD and KYC for Private Banking
  • Tax Crimes and Private Banking
  • Corruption and Private Banking
  • Sanctions and Private Banking
  • Providing Effective AML Training

 

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?

An in-house option is available for organisations enrolling a minimum of 15 people onto the course. Benefits include a face to face delivery option and the potential to include bespoke material. Contact ICT for more information on in-house training.

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.