This course positions the importance of AML compliance within the EU Digital Finance Strategy and the European Commission’s call for greater harmonisation of AML requirements and enforcement across the EU. The course evaluates a number of areas of regulatory AML-related focus, for example: the adoption and use of digital identities, the innovation in payments infrastructure, and the challenges of both protecting, and sharing, client’s data in an increasingly digitalised environment.
The implication of the growing adoption of crypto assets is specifically evaluated in the context of the recently published EU proposed regulation of crypto service providers. Overall, the course synergises the evolution of AML regulation and compliance functions to enable stakeholders to establish Ireland as a centre of excellence in the EU’s forward-looking strategy for the single market.
40%: Blend of competency based MCQ’s & scenario analysis
60%: Final Examination
On the successful completion of this course learners will be able to:
1. Contextualise the inter-related components of the evolving EU Digital Finance strategy in the context of AML compliance and supervision.
2. Evaluate the impact of digital identity solutions on AML compliance in an increasingly digitised Fintech environment.
3. Analyse the AML compliance risks in an evolving domestic and cross-border payments infrastructure.
4. Identify the compliance risks associated with data protection and the ethical use of personal data in Fintech (data-driven) operating models.
5. Assess the AML compliance risks related to the evolution of regulated and non-regulated crypto-currencies and crypto-asset markets and payment services.
6. Outline the key components of the EU’s harmonisation strategy and the stakeholder priorities in implementing AML/CTF best practices in Ireland.