In this course you will analyse the fundamentals of correspondent banking and the opportunities for money launderers. You will explore the risk assessment and management approaches and the importance of robust due diligence as a risk control.
You will study this course in your own time and at your own pace, and you have up to 3 months to complete it.
In addition to the essential concepts of AML and CFT, you will also 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
You can request a copy of the full syllabus here.
ICA Specialist Certificates are designed for anyone wanting focused yet accessible knowledge in specific areas of risk. They are suitable either for those working in the first and second lines of defence looking to certify existing specialist areas of knowledge, or for those looking to increase their professional agility by learning about new areas of risk.
At the end of the course you will be assessed by means of a one hour multiple choice exam that is taken online.
This qualification is awarded in association with Alliance Manchester Business School, the University of Manchester and the course fee includes a printable certificate once you have completed the course.
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.
In order to study any ICA qualification you need to be a member of the ICA. The fee for ICA Affiliate Membership for one year is £75 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. You can apply for membership at the same time as you enrol for a course.
Whilst the GTA facilitates the training for ICA qualifications, you need to enrol online directly with the ICA. Scroll down when you reach this page and enter Guernsey when it asks ‘Where are you based?’ You can then follow the process to enrol.