Financial Governance Risk and Compliance Courses and Accreditation

Description

Effective capital and financial markets are an essential component of both developed and developing economies. They fuel economic development and help with the creation of wealth.

As a result, confidence and trust in these markets is vital to these economies’ long-term success and stability. A sudden loss of confidence and trust can lead to the failure of the financial companies involved, which may have an adverse impact on the economy such as a reduction in employment opportunities available to local professionals. Subsequent bank and government bailouts, as well as the impact caused by cuts in government spending and tax hikes, have affected millions of people across the world.

Course Content

A comprehensive review of the major regulations, directives, and regimes to be dealt with by financial firms.

• MiFID II
• EMIR
• Anti-money laundering
• Market abuse
• Ethics and compliance
• Data protection and GDPR

Training Duration

This course may take up to five (5) hours to complete. Keep in mind, however, that actual study time varies based on each learner’s training pace.

Who Should Enrol?

This course is ideal for anyone wishing to be introduced to the main regulatory provisions in financial services. It is also suitable for professionals pursuing regulatory CPDs in financial regulation.

Training Method

The course is offered online using a self-paced approach. The learning units consist of video presentations and reading material. Learners may start, stop, and resume their training at any time.

At the end of the training, participants take a quiz to complete their learning and earn a Certificate of Completion.

Accreditation and CPD Recognition

This programme has been developed by the Association of Governance, Risk and Compliance (AGRC), a globally recognised GRC certification organization and network.

The syllabus is verified by external subject matter experts and can be accredited by regulators and other bodies for five (5) CPD units that approve education in financial regulation. The course may be also approved for CPD units by institutions that approve general financial training such as CISI and ACAMS.

Eligibility criteria and CPD units are verified directly by your association, regulator, or other any other body for which you hold membership.

Registration and Access

To register for this course, click on the button above to pay online and receive instant access. If you are purchasing this course on behalf of others, please be advised that you will need to create or use their personal profile before finalising your payment.

Access to the course is valid for 365 days.

Description

This course aims to describe and explain the risk-based approach (RBA) procedures so that organizations focus their efforts on those areas where the risk of money laundering (ML) and terrorist financing (TF) appears to be higher. In other words, resources should be efficiently invested and applied where they are most required.

The risk-based approach (RBA) is central to the effective implementation of the Financial Action Task Force (FATF) recommendations. This means that supervisors, financial institutions, and intermediaries should be able to identify, assess, and understand the risks related to money laundering and terrorist financing to which they are exposed, and implement the most appropriate mitigation measures.

This course includes a general presentation of the RBA and provides specific guidance using risk criteria such as country or geographic risk, customer risk, and product or service risk. In addition, examples of risk factors under each of these categories are provided.

Course Content

• Risk Assessment for Money Laundering (ML)
  This unit describes the need for combating ML risks and other financial crimes. Financial institutions must be able to respond to threats on a contextual basis to balance efficiency and cost needs with compliance obligations.
• Risk-Based Approach (RBA)
  This unit describes the RBA methodology when assessing risk according to the FATF recommendation. This considers risks related to types of customers, countries or geographic areas, and particular products, services, transactions, or delivery channels.
• Assessing and Managing the ML/TF Risk
  A risk assessment enables financial institutions to focus on their AML/CFT efforts and adopt appropriate measures to allocate the necessary resources in an optimal way. Based on the assessments conducted, the financial institutions should have controls, policies, and procedures that allow them to effectively manage and mitigate the risks identified.
• Simplified and Enhanced Due Diligence Measures
  According to FATF recommendation 1, where higher risks are identified, financial institutions and Designated Non-Financial Businesses and Professions (DNFBPs) should be required to take enhanced measures to manage and mitigate risks.
• AML Case Studies
  This final unit will offer a practical perspective by reviewing recent cases where financial institutions failed to adopt efficient risk-based AML mechanisms.

Training Duration

This course may take up to five (5) hours to complete. Keep in mind, however, that actual study time varies based on each learner’s training pace.

Who Should Enrol?

This course is addressed to all individuals who practice AML such as compliance and/or AML managers in banks, investment firms, investment funds, ASPs, trust service corporate providers, and lawyers.

Training Method

The course is offered online using a self-paced approach. The learning units consist of video presentations and reading material. Learners may start, stop, and resume their training at any time.

At the end of the training, participants take a quiz to complete their learning and earn a Certificate of Completion.

Accreditation and CPD Recognition

This programme has been developed by the Association of Governance, Risk and Compliance (AGRC), a globally recognised GRC certification organization and network.

The syllabus is verified by external subject matter experts and can be accredited by regulators and other bodies for five (5) CPD units that approve education in financial regulation. The course may be also approved for CPD units by institutions that approve general financial training such as CISI and ACAMS.

Eligibility criteria and CPD units are verified directly by your association, regulator, or other any other body for which you hold membership.

Registration and Access

To register for this course, click on the button above to pay online and receive instant access. If you are purchasing this course on behalf of others, please be advised that you will need to create or use their personal profile before finalising your payment.

Access to the course is valid for 365 days.

Description

A key concern and significant risk for financial institutions is the possibility of unknowingly becoming complicit in money laundering, whereby illegitimate money is moved into legitimate institutions. To mitigate such risk, financial institutions have strengthened their internal control systems by increasingly making use of Know Your Customer (KYC) and Customer Due Diligence (CDD) requirements as part of their anti-money laundering (AML) strategies.

KYC/CDD is a critical element for effectively managing the risks posed by potential clients, thus protecting the organization against criminals, terrorists, and Politically Exposed Persons (PEPs) who might present a higher risk, and possible dubious actions by existing customers that need to be regularly reassessed.

This course provides essential knowledge for KYC and CDD procedures, both key tools in assessing customer risk and a legal requirement to comply with Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) laws. Effective KYC/CDD involves knowing a customer’s identity and their financial activities, ongoing monitoring of business activities, and identifying and mitigating the AML/CFT risk a business relationship may pose on a regulated entity.

Course Content

• An introduction to KYC/Customer Due Diligence (CDD)
• The value of Customer Due Diligence (CDD)
•  CDD: Establishing and maintaining a strong CDD programme

Training Duration

This course may take up to five (5) hours to complete. Keep in mind, however, that actual study time varies based on each learner’s training pace.

Who Should Enrol?

This course is addressed to all individuals who practice AML such as compliance and/or AML managers in banks, investment firms, investment funds, ASPs, trust service corporate providers, and lawyers.

Training Method

The course is offered online using a self-paced approach. The learning units consist of video presentations and reading material. Learners may start, stop, and resume their training at any time.

At the end of the training, participants take a quiz to complete their learning and earn a Certificate of Completion.

Accreditation and CPD Recognition

This programme has been developed by the Association of Governance, Risk and Compliance (AGRC), a globally recognised GRC certification organization and network.

The syllabus is verified by external subject matter experts and can be accredited by regulators and other bodies for five (5) CPD units that approve education in financial regulation. The course may be also approved for CPD units by institutions that approve general financial training such as CISI and ACAMS.

Eligibility criteria and CPD units are verified directly by your association, regulator, or other any other body for which you hold membership.

Registration and Access

To register for this course, click on the button above to pay online and receive instant access. If you are purchasing this course on behalf of others, please be advised that you will need to create or use their personal profile before finalising your payment.

Access to the course is valid for 365 days.

Description

In this course, you will learn to define sanctions and identify the different categories involved. You will also review and understand the global sanctions framework and its key decisionmakers, including international institutions like the UN and the EU, and sovereign nation states such as the USA. Finally, you will examine the motives and rationale behind such decisions, the resulting effects and the consequences experienced not only by the targeted parties but also those doing business with them, either directly or indirectly.

Overall, the course is structured to offer the relevant knowledge with reference to practical examples that will enable for a sanctions compliance strategy to be conducted in an effective manner, something essential to mitigating the sanctions risk.

Course Content

o Introduction to Sanctions
o Global Sanctions Framework
o New Ground for Expanding Sanctions: The Use of Chemical Weapons
o Sanctions Compliance Strategy
o Conclusion

Training Duration

This course may take up to five (5) hours to complete. Keep in mind, however, that actual study time varies based on each learner’s training pace.

Who Should Enrol?

This course is ideal for anyone wishing to understand the essential definitions of sanctions, the global framework, and the main risks considered within an international economic sanctions compliance strategy.

Training Method

The course is offered online using a self-paced approach. The learning units consist of video presentations and reading material. Learners may start, stop, and resume their training at any time.

At the end of the training, participants take a quiz to complete their learning and earn a Certificate of Completion.

Accreditation and CPD Recognition

This programme has been developed by the Association of Governance, Risk and Compliance (AGRC), a globally recognised GRC certification organization and network.

The syllabus is verified by external subject matter experts and can be accredited by regulators and other bodies for five (5) CPD units that approve education in financial regulation. The course may be also approved for CPD units by institutions that approve general financial training such as CISI and ACAMS.

Eligibility criteria and CPD units are verified directly by your association, regulator, or other any other body for which you hold membership.

Registration and Access

To register for this course, click on the button above to pay online and receive instant access. If you are purchasing this course on behalf of others, please be advised that you will need to create or use their personal profile before finalising your payment.

Access to the course is valid for 365 days.

Description

The concept of corporate governance has featured regularly in discussions, both within the professional and academic community, since the 1990s and has become even more prominent following significant cases of corporate failure that had adverse effects on the global interconnected economy.

The link between poor corporate governance practices and the excessive taking of risks that led to the downfall or bail-out of significant financial institutions necessitated a discussion on how to strengthen corporate governance and protect the economy against similar cases in the future.

Effectively, new regulatory requirements have been established, while existing codes of governance have been revised. Such efforts aim to focus on requirements that should be fulfilled by an organisation’s management body and enhance three areas of governance: remuneration, risk management, and internal control.

For the corporate governance framework of banks and investment firms, there are detailed legislative rules and guidelines issued by the relevant supervisory authorities such as the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA), the European Central Bank (ECB), and the national supervisory authorities.

Course Content

• Following completion of this course, you will be able to:
• Understand the requirements of corporate governance.
• Evaluate the benefits of good corporate governance.
• Understand the interaction between the main stakeholders.
• Understand the legal and regulatory requirements for corporate governance.
• Understand how corporate governance requirements reinforce the seven critical success factors for effective Boards.

Introducing the Concept of Corporate Governance

• Definition of corporate governance
• Key relevant theories
• The benefits of corporate governance

Critical Success Factors for an Effective Professional Board

• Clarifying the role and responsibilities of the Board
• The composition of the Board and its supporting structure
• The role of the Board Chair
• Relationships between Board Members
• Directors’ knowledge of the industry and the organisation
• Efficient Board Meetings
• Evaluation & Continuous Development

Training Duration

This course may take up to five (5) hours to complete. Keep in mind, however, that actual study time varies based on each learner’s training pace.

Who Should Enrol?

This course is ideal for anyone wishing to be introduced to the main regulatory provisions in financial services and trends in corporate governance. Professionals carrying out the roles of directors, members of the Board, senior managers, lawyers, company secretaries, compliance and risk officers, and consultants may benefit from this course. It is also suitable to professionals pursuing regulatory CPDs in financial regulation.

Training Method

The course is offered online using a self-paced approach. The learning units consist of video presentations and reading material. Learners may start, stop, and resume their training at any time.

At the end of each session, participants take a quiz to complete their learning unit and earn a Certificate of Completion once all quizzes have been passed successfully.

Accreditation and CPD Recognition

This programme has been developed by the Association of Governance, Risk and Compliance (AGRC), a globally recognised GRC certification organization and network.

The syllabus is verified by external subject matter experts and can be accredited by regulators and other bodies for five (5) CPD units that approve education in financial regulation. The course may be also approved for CPD units by institutions that approve general financial training such as CISI and ACAMS.

Eligibility criteria and CPD units are verified directly by your association, regulator, or other any other body for which you hold membership.

Registration and Access

To register for this course, click on the button above to pay online and receive instant access. If you are purchasing this course on behalf of others, please be advised that you will need to create or use their personal profile before finalising your payment.

Access to the course is valid for 365 days.

Description

Anti-bribery and corruption enforcement actions are rising throughout the globe. Organizations across every industry should be aware of the consequences and repercussions of corruption violations, which can be swift and severe. Countless firms have been subject to major fines and other penalties that have had a highly negative impact on their business, and many individual employees have been prosecuted on criminal charges.

This course offers a comprehensive review of bribery and corruption and their effects on business. It addresses the different forms of bribery, provides statistics on this crime, examines the legal framework, and covers the special provisions on how to report this behaviour. Additionally, the course will provide a practical, risk-based analysis of the main obligations in relation to bribery and corruption as they relate to companies and individuals.

Course Content

• Why is Anti-Bribery and Corruption Important?
• Offences Under the Bribery Act
• Bribery at Work
• The Six Principles
• Thematic Reviews

Training Duration

This course may take up to five (5) hours to complete. Keep in mind, however, that actual study time varies based on each learner’s training pace.

Who Should Enrol?

This course is ideal for anyone wishing to enhance their knowledge on anti-bribery and anti-corruption, as well as the respective regulatory environment. It is also suitable for professionals pursuing regulatory CPDs in financial regulation.

Training Method

The course is offered online using a self-paced approach. The learning units consist of video presentations and reading material. Learners may start, stop, and resume their training at any time.

At the end of the training, participants take a quiz to complete their learning and earn a Certificate of Completion.

Accreditation and CPD Recognition

This programme has been developed by the Association of Governance, Risk and Compliance (AGRC), a globally recognised GRC certification organization and network.

The syllabus is verified by external subject matter experts and can be accredited by regulators and other bodies for five (5) CPD units that approve education in financial regulation. The course may be also approved for CPD units by institutions that approve general financial training such as CISI and ACAMS.

Eligibility criteria and CPD units are verified directly by your association, regulator, or other any other body for which you hold membership.

Registration and Access

To register for this course, click on the button above to pay online and receive instant access. If you are purchasing this course on behalf of others, please be advised that you will need to create or use their personal profile before finalising your payment.

Access to the course is valid for 365 days.

Description

Generally speaking, sustainable finance can be defined as the process of considering Environmental, Social and Governance (ESG) factors when making investment decisions, leading to increased longer-term investments, sustainable economic initiatives, activities, and practices.

ESG covers the many actions, processes, and projects that a firm may undertake to perform their duty as good citizens. This may include issues like diverse and inclusive workplaces, sustainable development, the efficient use of energy, recycling and following high ethical standards.

• In this course, professionals will pick up the following skills:
• Recognise why ESG is important to the current business world.
• Define and describe the main ESG challenges being faced by the financial services industry.
• Engage in substantial and productive discussions over ESG-related issues.
• Apply the main principles of responsible investment.
• Recognize the importance of integrating ESG to your business.
• Understand the main ESG-related regulations and how to handle the EU’s Sustainable Finance Disclosure Regulation (SFDR).
• Execute and apply projects and other actions related to ESG within your organisation.

Course Content

• Definition of ESG’s Three Main Pillars
• Why Integrate ESG into Your Company’s Strategy
• Key ESG Initiatives and Regulations
• ESG Reporting Standards and Frameworks
• ESG Investing Strategies
• The Future of ESG

Training Duration

This course may take up to five (5) hours to complete. Keep in mind, however, that actual study time varies based on each learner’s training pace.

Who Should Enrol?

This course is ideal for anyone wishing to enhance their knowledge on Environment, Social and Governance (ESG) issues, particularly in terms of compliance and reporting for this up-and-coming sector. It is also suitable for professionals pursuing regulatory CPDs in compliance and financial issues.

Training Method

The course is offered online using a self-paced approach. The learning units consist of video presentations and reading material. Learners may start, stop, and resume their training at any time.

At the end of the training, participants take a quiz to complete their learning and earn a Certificate of Completion.

Accreditation and CPD Recognition

This programme has been developed by the Association of Governance, Risk and Compliance (AGRC), a globally recognised GRC certification organization and network.

The syllabus is verified by external subject matter experts and can be accredited by regulators and other bodies for five (5) CPD units that approve education in financial regulation. The course may be also approved for CPD units by institutions that approve general financial training such as CISI and ACAMS.

Eligibility criteria and CPD units are verified directly by your association, regulator, or other any other body for which you hold membership.

Registration and Access

To register for this course, click on the button above to pay online and receive instant access. If you are purchasing this course on behalf of others, please be advised that you will need to create or use their personal profile before finalising your payment.

Access to the course is valid for 365 days.

A key concern and significant risk for financial institutions remain the possibility of unknowingly becoming complicit in money laundering actions, where illegitimate money is moved into legitimate institutions. In order to mitigate such risk, FIs have strengthened their internal control systems by increasingly making use of Know Your Customer (KYC) and Customer Due Diligence (CDD) requirements, as part of their anti-money laundering (AML) strategies.

About the Certificate

KYC/CDD is a critical element for effectively managing the risks posed by potential clients (thus protecting the organization against criminals, terrorists, and Politically Exposed Persons (PEPs) who might present a higher risk) and possible dubious actions by existing customers that need to be regularly reassessed.

This certificate course provides essential knowledge for KYC and CDD procedures which are key tools in assessing customer risk and a legal requirement to comply with Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) laws. Effective KYC/CDD involves knowing a customer’s identity and their financial activities, ongoing monitoring of business activities, and identifying and mitigating the AML/CFT risk a business relationship may pose on the regulated entity.

Expected Learning Outcomes

• Understand the importance of adopting effective KYC/CDD policies and procedures in a regulated entity
• Review international guidance on the essential elements of KYC standards and the applicable regulatory framework
• Have the ability to establish and maintain a solid CDD programme
• Successfully assess the different levels of due diligence that can be applied by an entity
• Efficiently deal with higher risk situations and cases in an effective manner
• Have a practical perspective on the adverse effects that can result from lack of efficient KYC/CDD procedures

Topics covered

• An introduction to KYC/Customer Due Diligence (CDD)
• The value of Customer Due Diligence (CDD)
• CDD: Establishing and maintaining a strong CDD programme
• CDD in higher risk situations and record keeping requirements
• AML Case Studies

Target Audience

This module is addressed to all individuals who practice Anti-Money Laundering such as Compliance/AML Managers in Banks, Investment Firms, Investment Funds, Trust Service Corporate Providers and Lawyers.

Format

• Register at any time for this online, open Certificate
• Study in your own time and at your own pace (you have up to 3 months to complete)
• Assessed by online multiple-choice exam

What is included

• 15 hours of self-paced online interactive learning including analysis of 7 practical case studies
• 1-year free AGRC membership
• Online Exam and AGRC Certificate

Completion Requirements

• Success in all of the four unit tests. Each unit is allocated four Multiple Choice questions (MCQs). In total 16 Multiple Choice questions with a pass mark of 70% and an unlimited number of attempts. Each unit test is 10 minutes.
  

Success in the final test of 40 MCQs for the completion and award of the Certification in KYC and CDD, issued by the Association of Governance, Risk and Compliance (AGRC). The pass mark is 70% and two attempts are permitted. The final test is 60 minutes.

Accreditation and CPD Recognition

This programme has been developed by the London Governance and Compliance Academy (LGCA), a UK-recognised training institution.

The syllabus is verified by external subject matter experts and may be accredited by financial regulators, and general financial training accreditation bodies, such as CISI and ACAMS, for 15 CPD Units.

Over the past several decades, international economic sanctions have become a central instrument in global governance, being employed by both sovereign states and international organisations.

More recently, there has been a shift towards ‘smart’ or targeted sanctions that aim at the political and economic elites of targeted countries (e.g., through asset freezes and travel bans) rather than a more comprehensive sanctions approach (e.g., large-scale trade or oil embargoes) that has a detrimental effect on civilian populations.

In the era of financial globalisation, such ‘smart’ sanctions entail increased compliance obligations for state institutions and private organisations which, if not met, carry significant fines, penalties, and other adverse consequences.

About the Certificate

This certificate provides a thorough understanding of sanctions and an opportunity to explore the recent global trends in economic sanctioning while tracing the roles of the relevant actors within this complex framework.

You will examine the motives and rationale behind such decisions, the effects and consequences experienced not only by the targeted parties but also those doing business with them, either directly or indirectly.

The certificate is structured to offer the relevant knowledge with reference to practical examples that will enable for a sanctions compliance strategy to be conducted in an effective manner, essential to mitigating the sanctions risk.

Topics Covered

• Definition of sanctions
• Framework and legal basis
• The international framework
• Multilateral sanctions
• Unilateral sanctions and key sovereign states
• The legal and institutional framework
• Categories of restrictive measures
• Administration of sanctions
• Managing and mitigating sanctions risk
• Sanctions compliance programmes
• Processes and systems
• Sanctions screening and evasion

Expected Learning Outcomes

• Upon completing this certification, you will be able to:
• Understand sanctions and the importance of compliance
• Understand why it’s important to comply
• Review and understand the global sanctions framework
• Define a sanctions compliance programme and governance framework
• Define sanctions lists and screening
• Manage alert investigations
• Understand sanctions risk
• Determine how much your institution is vulnerable to sanctions risks
• Apply modern methodologies that will increase the efficiency and effectiveness of your programme
• Protect your institution from dealing with embargoed individuals or entities
• Understand the best practices for sanctions compliance controls
• Target Audience
• Financial crime and regulatory compliance professionals
• Professionals working within the sanctions environment who wish to certify their knowledge
• Operational staff who need to understand the importance of sanctions compliance
• Regulators
• Consultants
• AML, compliance, and risk professionals
• Anyone working in financial services interested in attaining a better understanding of how sanctions work

No previous knowledge or experience is required, although it is assumed that participants have good knowledge of English and a sound educational background.

Format

• Register at any time
• Study on your own time and pace within a 3-months period to complete the Certificate
• Assessed by an online multiple-choice exam

What’s Included

• 10 hours of self-paced, online, and interactive learning, including analysis of practical case studies
• A study guide
• Practice questions and a final mock exam
• 1-year free AGRC membership
• Online exam with two attempts to pass
• AGRC certificate
• Use of the AGRCP designation upon successful completion

Exam Details

• Exam duration: 60 minutes
• Number of questions: 40
• Type of question: Multiple choice
• Pass mark: 70/100
• Results appear directly once you submit your answers
• Certificate is issued instantly in PDF and sent by email
• A printed copy of the certificate can be requested for an additional charge of £45

Faced with increasingly regulated environment, this programme offers insight into good compliance practices and the skills to lead effective compliance programmes that supports ethical conduct and commitment to compliance.

About the Certificate

Every organization faces a myriad of risks that can threaten its operations, reputation, and bottom line. A robust, effective compliance program can make the difference between companies that successfully navigate those risks, and those that become cautionary tales.

This certificate programme will introduce the essential elements of effective organizational compliance by exploring the concepts, considerations, and strategies for assessing risks and managing the compliance function. You will learn the fundamental principles of effective compliance, the components of an effective compliance program and their applications.

In addition, you will explore the foundational principles of compliance: what are the sources of compliance requirements; where are the requirements found; what behavior satisfies “compliance;” and how do compliance personnel motivate compliant behavior throughout their organization.

Expected Learning Outcomes

• By acquiring the Certificate, participants are expected to be able to:
• Comprehend and maintain awareness of compliance requirements
• Organise and monitor the operation of compliance management system
• Implement processes for the management of breaches in compliance requirements
• Provide education and training on compliance requirements and systems
• Promote and liaise on compliance requirements, systems and related issues
• Promote compliance with a sound understanding of the requisite legislation
• Show leadership in the workplace
• Identify risk and apply risk management processes
• Manage projects
• Undertake compliance audits

Certificate Content

Compliance

• Compliance Programs
• Compliance Perspectives
• Why do we Need Compliance?

International Regulatory Drivers and Controls

• What is regulation?
• What is regulation designed to achieve?
• Market Forces
• Regulation and Practice

Compliance in Practice

• The role of the Compliance department
• The role of the Compliance Officer
• The role of the Board
• Key compliance activities and processes
• Key compliance relationships

Ethics, Compliance and Governance Perspectives

• Ethics
• Compliance
• Governance

Other Key Compliance Areas

• Anti-money laundering
• Financial crime prevention
• Managing risk
• Enforcement

Prerequisites

No previous knowledge or experience is required though it is assumed that participants have good knowledge of English and a sound education background.

Target Audience

• Staff working in or aspiring to work in the compliance area
• New graduates from any discipline
• Staff involved in risk functions and internal or external audit
• Those wanting to build a career in compliance in the fields of: – Banking – Insurance – Other financial services

Certificate Format

• Register at any time for this online, open certificate
• Study in your own time and at your own pace (you have up to 3 months to complete the certificate)
• Assessed by online multiple-choice exam

Exam Format

• Type: Multiple choice, closed book online exam
• Duration: One hour
• Pass mark: 70%
• Number of questions: 40

What is included

• 25 hours of self-paced online interactive learning including analysis of 4 practical case studies
• 1-year free AGRC membership
• Practice Questions
• Online Exam and AGRC Certificate

Completion Requirements

Success in the final test of 40 MCQs for the completion and award of the Certificate in Anti Money Laundering, issued by the Association of Governance, Risk and Compliance (AGRC). The pass mark is 70% and two attempts are permitted. The final test is 60 minutes.

The Certificate in AML provides participants with a thorough understanding of what constitutes Money Laundering (ML) and how financial institutions should respond to increasingly complex attempts by criminal individuals and entities to process proceedings from illegal activities in a manner that enables them to enjoy such illegal proceedings.

About the Certificate

Participants will investigate what is ML, what constitutes a risk-based approach in dealing with ML and the relevant policies and procedures that may be adopted by a financial institution as part of coherent AML Strategy. In addition, participants will be provided with an overall assessment of international economic sanctions and how these are a valuable tool in combating ML. The Certificate also offers participants, a practical perspective of how AML attempts have been formally incorporated and have led to the creation of legal frameworks that aim to prevent ML practices. The knowledge obtained by undertaking this Certificate is an invaluable asset for professionals that seek to enhance their career prospects in AML that is becoming an increasingly significant issue for financial institutions.

Topics covered

• Money laundering methods, techniques, red flags, key risk areas and compliance best practices & checklists
• KYC and CDD: Beneficial ownership, money laundering risks in gatekeeper roles, politically exposed persons, and much more
• Economic Sanctions and relevant frameworks
• Vulnerabilities of Financial Institutions
• Legal Framework for AML – A practical perspective
• Case Studies and analysis

Expected Learning Outcomes

• Identify ML-related risks and dangers that need to be dealt through a rigid AML strategy
• Understand ML risk assessment and management and learn how to design a comprehensive AML risk-based approach
• Review the relevant processes and procedures that need to be adopted as part of an AML strategy
• Gain a practical perspective through a review of the relevant legal framework that covers AML
• Understand the importance of sanctions and how these can be utilised as a tool to combat ML

Target Audience

Individuals who aspire for a career in AML, staff with specific anti money laundering duties and staff working in financial services who want a comprehensive training in AML.

No previous knowledge or experience is required although it is assumed that participants have good knowledge of English and a sound education background.

Format

• Register at any time
• Study in your own time and at your own pace
• Assessed by online multiple-choice exam

What is included

• 15 hours of self-paced online interactive learning including analysis of 5 practical case studies
• 1-year free IGCA membership
• Online Exam and IGCA Certificate

Completion Requirements

Success in all the unit tests. Each unit is allocated two, three or four Multiple Choice questions (MCQs). In total 33 MCQs with a pass mark of 70% and an unlimited number of attempts. Each unit test is 10 minutes.

Success in the final test of 40 MCQs for the completion and award of the Certificate in Anti Money Laundering, issued by the Association of Governance, Risk and Compliance (AGRC). The pass mark is 70% and two attempts are permitted. The final test is 60 minutes.

Accreditation and CPD Recognition

This programme has been developed by the London Governance & Compliance Academy (LGCA), an UK- recognised training institution.

The syllabus is verified by external subject matter experts and may be accredited by financial regulators, and general financial training accreditation bodies, such as CISI and ACAMS, for 10 CPD Units.