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ICA Specialist Certificate in Money Laundering Risk in New Payment Products and Services

International Compliance Association

Summary

Price
£580 inc VAT
Finance options

Students from certain low GDP countries receive a 15% discount on this fee.
Study method
Online
Duration
3 months · Self-paced
Qualification
ICA Specialist Certificate in Money Laundering Risk in New Payment Products and Services
Awarded by International Compliance Association in association with Alliance Manchester Business School, the University of Manchester
Additional info
  • Exam(s) / assessment(s) is included in price

Overview

The growth in global competition along with technical advances has led to the rapid expansion of new payment products and services (NPPS) to the financial marketplace. This development has added speed and convenience to financial transactions but has also increased the opportunity for money laundering activity.

The ICA Specialist Certificate in Money Laundering Risk in New Payment Products and Services. provides you with an opportunity to understand the key AML risks in this area. The course explores the different payment methods available and considers how to apply suitable controls to manage the vulnerabilities that exist.

Description

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:

  • The fundamentals of NPPS
  • The particular issues around e-payments, prepaid cards and mobile financial services
  • Balancing financial inclusion against financial integrity 
  • The vulnerabilities of specific markets, products and servics
  • The best practice related to customer due diligence
  • How to identify suspicious activity
  • Identifying suspicions and managing risk
  • Case Studies (including Bitcoin)

Who is this course for?

  • Senior practitioners who are keen to enhance their existing expertise by learning about another a rapidly developing industry sector
  • Senior managers within the NPPS environment who wish to certify their knowledge
  • Operational staff, working specifically within the NPPS sector, who need to understand the inherent risks they face
  • Regulators or Consultants working within the NPPS sector
  • MLROs, Compliance Managers, Risk Managers, CDD Managers
  • Anyone with an interest in the subject matter

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.

Questions and answers

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Legal information

This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

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A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.
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