PAT FinTech

Professional Certificate in Fintech AML Compliance Framework

Professional Certificate in Fintech AML Compliance Framework

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10 ECTS Level 8 NFQ           Next Course Starts: February 7th, 2022            From: Euro 560

Limited availability for February 2022. Register your interest & download the syllabus & timetable today.

100% on-line, recorded, interactively scenario focused, and delivered by industry practitioners over 12 weeks.

Classes every Monday @ 6pm – 10pm from February 7th to April 25th

This course enables learners to examine the AML compliance and regulatory reporting framework in the context of evolving EU AML Directives, and national legislation, from the perspective of a variety of sectors – for example: Credit and Financial Institutions (‘Firms’) and Designated Non-Financial Business and Professions (DNFBP’s).

Delivered by a range of industry professionals/practitioners, the course will provide learners with the practical knowledge, skills, and competencies required for roles in an increasingly digitised, innovative, technologically driven AML compliance function.

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Description

This course outlines the AML compliance and regulatory reporting framework in the context of evolving EU AML Directives and national legislation.

The course addresses AML requirements from the perspective of a variety of sectors – for example: Credit and Financial Institutions (‘Firms’) and Designated Non-Financial Business and Professions (DNFBP’s).

Examining the role of the global watchdog Financial Action Task Force (FAFT), and evaluating the
challenges facing National Financial Investigation Units (FIU’s) in investigating and enforcing AML/CTF
actions, is central to the course’s holistic approach to reinforcing/enhancing the effectiveness of
Ireland’s existing AML compliance framework.

Finally, this course also examines the evolution of AML programmes in an ever increasing digital environment, and aligns the module’s learnings with the importance of a strong compliance – AML/CTF – culture.

Outcomes

On the successful completion of this module learners will be able to:

  1. Summarise the key definitions and regulatory requirements governing the AML Compliance Framework.
  2. Assess the evolution of EU AML Directives and their transposition into Irish (national) legislation.
  3. Differentiate between the AML compliance risks and regulatory requirements across various sectors – financial institutions and professionals – of the payments infrastructure.
  4. Evaluate the role of FAFT and the national FIU’s in investigating and implementing effective AML/CTF enforcement.
  5. Identify the critical elements of a contemporary AML programme in an evolving Fintech (digital) environment.
  6. Contextualise the importance of culture and collaboration in the Irish AML Compliance Framework.

 

Assessment

One Applied Research Report – 40%
Final Examination – 60%

Course Syllabi

1: AML Definitions & Requirements
Introduces key money laundering definitions, the responsibilities of the relevant supervisory authorities, and contemporary money laundering indicators in the context of the core regulatory requirements as established by the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 (CJA 2010).

2. AML Directives and Legislation
Evaluates the evolution of EU AML/CTF Directives, and the subsequence transposition into national (Irish) legislation, in the context in the context of an evolving cross-border Fintech financial services environment.

3. Sectors & AML Compliance Requirements
Analyses AML risks, and contemporary guidance from the Central Bank and the EBA, from the perspective of a variety of sectors – for example: segments of the major sectors of Credit and Financial Institutions (‘Firms’) and Designated Non-Financial Business and Professions (DNFBP’s).

4. The Role of FAFT & the National FIU
Reviews the updated FAFT AML/CTF Recommendations, evaluates the role of FAFT and the effectiveness of the co-operation between the financial intelligence unit (‘FIU’), law enforcement authorities, supervisors, and other relevant competent authorities in the Irish AML/CTF Framework.

5. AML in a Fintech Environment
Assesses the potential for innovative solutions to address the core AML compliance and regulatory functions, and analyses the specific AML risks associated with data-driven (digital) technological innovation in financial services.

6. Compliance (AML) Culture
Contextualises AML regulatory requirements, individual accountability, and ongoing Central Bank correspondence, with the importance of a strong compliance culture – specifically in a technologically driven Fintech environment – in the Irish AML Compliance Framework.

 

Additional information

Funding Type

IFS Funded Payment, Direct Payment, IFCA Members (Direct Payment), ENFCO Members (Direct Payment)