Types of Supervision

Module Description

This module raises awareness about the types of supervision required based on findings from national risk assessments and sector-specific risk assessments across different sectors.

Emphasizing the importance of sound risk assessment, the module highlights how supervisors and supervised entities must conduct thorough risk assessments as the initial step in developing effective anti-money laundering and countering the financing of terrorism (AML/CFT) control measures.

This approach ensures that the implemented measures are suitable for the nature and scale of the business operations. By studying this module, students will gain insights into regulatory practices and strategies for effective supervision tailored to mitigate specific risks identified in various sectors, thereby contributing to enhanced compliance and regulatory oversight.

Entry Requirements

Candidates who apply for this course must possess the following: 

• a qualification at MQF Level 4 (one A-level or equivalent in any subject);

AND

• a pass in English Language and Mathematics at MQF Level 3 (O-level or equivalent).  

Target Audience

• This programme is targeted at people within the financial and banking sector, as well as other individuals seeking professional and academic advancement in AML and compliance.  

Module / Unit Instructions

The proposed structure comprises a blended approach promoting the building of a community of practice via peer-to-peer learning. The structure uses primarily two dimensions of teaching-learning modes:

• Face to Face sessions

Face-to-face sessions include lectures, tutorials, discussions, presentations and workshop activities promoting peer-to-peer learning.

• Online Learning Activities

Online learning activities incorporate tutorials and asynchronous discussions. These may consist of active interaction, participation and contributions in fora discussions, sharing resources and self-reflection exercises. Learners also contribute to the building of the community of practice by providing feedback to their peers as critical friends, enhancing the learner’s critical engagement throughout the study period.

How you’ll be assessed

The course comprises:

• Evening classes for part-time courses.
• Classes held throughout the day for full-time courses.
• Guided learning, presentations, comprising synchronous online discussions, tutorials and/or videos.
• Self-study hours comprising research, reading and assignment work.

Assessment

Assessment is carried out via two mandatory components:

• Assessment 1
• Assessment 2

The programme includes different forms of assessment which allow for and promote students’ critical engagement. The assessment tasks may include an in-class assignment and/or a home-based written assignment using diverse assessment tools which may take the form of online and in-class discussions, examinations, case studies, reports, proposals, essays, and presentations, etc., as applicable to the diverse modules.