What is Anti-Money Laundering?

According to the ICA Money laundering is the generic term used to describe the process by which criminals disguise the original ownership and control of the proceeds of criminal conduct by making such proceeds appear to have derived from a legitimate source.

The processes by which criminally derived property may be laundered are extensive. Though criminal money may be successfully laundered without the assistance of the financial sector, the reality is that hundreds of billions of dollars of criminally derived money is laundered through financial institutions, annually. The nature of the services and products offered by the financial services industry (namely managing, controlling and possessing money and property belonging to others) means that it is vulnerable to abuse by money launderers.

ICA Certificate in Anti-Money Laundering

ICA Certificates are considered introductory level. This means that they are suitable for those with no experience or in an operational role and requiring some awareness level understanding of an area. This AML Qualification the course is completed in 2 months but you will have access to the course for 3 months. You are assessed by a 1hr exam and your results will be available to you immediately.

Entry Requirements

  • Sound educational background
  • Good written English skills

ICA Advanced Certificate in Anti-Money Laundering

Advanced certificate courses are considered Intermediate and are designed for those new to the discipline or in a junior role who want to enhance their knowledge &skills. This AML qualification is a 6-month course assessed by 2 written assignments (2,000 – 2,500 words) with a mixture of guided online study and participation in live sessions.

Entry Requirements

  • Sound educational background
  • Good written English skills

ICA Diploma in Anti-Money Laundering

ICA Diploma courses are considered advanced and are designed for those who already have some experience and are looking to underpin their knowledge with a professional qualification. Diplomas are mostly undertaken by Certificate and/or Advanced Certificate graduates. This AML qualification is 9/12-month course assessed by 3 written assignments (3,000 – 3,500 words) with a mixture of guided online study and participation in live sessions.

Entry Requirements

The content of this programme requires students to possess:

  • Sound educational background, e.g. degree or professional qualification in an appropriate discipline OR
  • Attainment of an ICA International Advanced Certificate OR
  • Three years relevant work experience

ICA Professional Postgraduate Diploma inFinancial Crime Compliance

Postgraduate Diplomas are considered expert and are designed to be studied by experienced senior practitioners only. This includes anyone working in roles such asHeads ofCompliance, AML andFinancial Crime Prevention Money Laundering, Reporting and Prevention Officers, Senior Internal and External Audit Staff, Legal Practitioners and Regulatory Representatives. It is a 12-month course which comprises of four virtual Masterclass weekends and various interactive virtual classrooms. It is assessed through a ‘reflective journal’ that comprises of 8 x 1000-1500 word Masterclass summaries anda 3-hour competency-based interview.

Entry Requirements

  • Must be a senior practitioner (i.e., hold a senior management role) with at least three years’ experience in that role or at the equivalent level of seniority OR
  • Possess an ICA Diploma, have at least five years’ experience in a related discipline and currently work in a role that includes senior level responsibilities and regular engagement with senior practitioners

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