National and International Cooperation
6 ECTS
National and International Cooperation
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Module Description
This module underscores the critical role of robust national and international cooperation in establishing effective anti-money laundering (AML), countering the financing of terrorism (CFT), and targeted financial sanctions (TFS) frameworks.
Central to this is the emphasis on effective information sharing as the cornerstone of such frameworks.
Students will evaluate the implementation of Financial Action Task Force (FATF) standards on information sharing, assessing its effectiveness in facilitating cross-border collaboration.
Additionally, learners will explore the significance of maintaining updated registries containing Beneficial Ownership information, recognizing their pivotal role in enhancing transparency and combating financial crime on a global scale.
Entry Requirements
Candidates who apply for this course must possess one of the following:
• Level 6 Degree related to one of the following areas: Law, Artificial Intelligence, Finance, Accounting, Governance, Business and Government Policy;
OR
• Level 5 Diploma or Higher Diploma and 4 years’ work experience, preferably in a supervisory or managerial role;
OR
• Level 6 degree not related to Law, Artificial Intelligence, Finance, Accounting, Governance, Business and Government Policy and a minimum of two years relevant experience.
Target Audience
This course is targeted at people within the financial and banking sector, legal sector, governance sector, business sector, artificial intelligence sector, and other individuals seeking professional and academic advancement in the field of Anti-Money Laundering and Compliance.
Career Paths
The programme prepares for positions such as and not limited to:
- Compliance Supervisor/Manager/Officers
- Anti-Money Laundering Managers
- Money Laundering Reporting Officer and their deputies
- Law enforcement agencies and supervisory and regulatory authorities
- Managers with responsibilities for internal AML controls
- Risk Managers
- Director of Compliance
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:
- Modular Assessment
- Dissertation Assessment
The programme includes different forms of assessment which allow for and promote students’ critical engagement. The formative and summative 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.
Learning Outcomes
Competences:
At the end of the module/unit the learner will have acquired the responsibility and autonomy to:
- Explain the importance of information sharing.
- Assess the correlation between the technical compliance and the effectiveness of having effective information sharing.
- Evaluate the importance of the sharing of information between public authorities.
- Evaluate the importance of the sharing of information between the public and the private sector.
- Assess the importance of the sharing of information between law enforcement agencies.
Knowledge:
At the end of the module/unit the learner will have been exposed to the following:
- Assess whether there is effective implementation of the FATF standards on information sharing.
- Evaluate the importance of having updated registries with Beneficial Ownership information.
- Assess the importance of guidance and outreach on the ML/TF/PF risk understanding for a risk-based approach by the private sector.
- Assess the ‘without delay’ concept with regards to the notifications to the private and the public sector on the sanctions.
Skills:
At the end of the module/unit the learner will have acquired the following skills:
- Ability to assess the importance of the national and international cooperation.
- Assess the importance of spontaneous disclosure of information.
- Assess the importance of updates on the sanctions list made without delay.
- Evaluate the various forms of international cooperation and assess in terms of the national ML/TF/PF threats.
Module-Specific Digital Skills and Competences:
At the end of the module/unit, the learner will be able to:
- Navigate through the online learning platform to find assignments, discussion boards, literature, tutorials etc.