Undergraduate Diploma in Anti-Money Laundering and Compliance
Undergraduate Diploma
Anti-Money Laundering and Compliance
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Course Description
Unlock a comprehensive understanding of anti-money laundering (AML) and compliance practices through our cutting-edge programme. This course is designed to equip you with the essential skills to combat financial crimes, including AML and Countering the Financing of Terrorism (CFT).
Delving into the intricacies of money laundering and terrorist financing, you will gain insights into their impact on countries and economies. Our curriculum focuses on effective tools and strategies to protect against money laundering and terrorist funding, adhering to both Maltese and international financial crime laws and regulations.
Learn to manage control frameworks to safeguard regulated firms from being exploited by criminals or financiers of terrorism. Assess the strength and weaknesses of AML frameworks, aligning with the guidelines set by the Financial Action Task Force (FATF).
Stay ahead of emerging risks and future trends with our course that also introduces new supervisory authorities formed in response to these evolving challenges. Enrol now and become a proactive force in the fight against financial crimes.
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.
Career Paths
The possible positions for which this programme aims to prepare you for include, but are not limited, to:
- Compliance Supervisor/ Manager
- Money Laundering Reporting Officer (MLRO) and their Deputies
- Police and FIAU/FCID Staff
- Managers with Responsibilities for Internal AML Controls
- Risk Managers
- Accountants
- Lawyers
- Company Secretaries
Modules
Complete all modules to get your qualification
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Undergraduate Diploma in Anti-Money Laundering and 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
- Summative 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.
Course Intake Dates
March/ April 2025
Learning Outcomes:
For Knowledge:
The learner will be able to:
- Define and explain the imporantce of the FATF recommendations.
- Explain the ML/TF risks in line with the country’s ML/TF risk profile.
- Define the role of the MLRO and the knowledge, skills and behaviours that are required to be successful.
- Identify the role of the FIAU both as a financial intelligence unit and as a supervisory authority.
- Describe the AML and international financial crime risks that must be managed by a regulated firm.
- Define the systems and controls framework that are required to be managed to ensure that a regulated firm is not used by criminals or the financiers of terrorism.
- Identify strengths and weaknesses of AML frameworks in line with the FATF recommendations.
- List Maltese and international financial crime laws, regulations and sources of best practices that are applicable to a local and foreign financial institutions operating in Malta.
- Identify future trends and emerging risks and the new supervisory authorities that have emanated as a result of the new risks.
For Learning Skills:
The learner will be able to:
- Apply Anti-Money Laundering (AML) principles.
- Apply Customer Due Diligence (CDD) measures to all types of customer.
- Apply the principles of Fighting FInancial Crime to future business development.
- The importance of sectorial risk assessments.
- Identify and analyse ML/TF typologies and highlight red flags.
- Outline an action plan in line with FATF recommendations.
- Apply the legislation, laws, policies and procedures surrounding money laundering.
- Demonstrate understanding on how supervision, how to address de-risking, sanctions, and how the supervisory authorities interact in carrying out AML/CFT regulation.
See what students have to say about our courses
I chose IDEA Academy because every effort is made from staff and tutors to maintain a healthy study-work-life balance, differentiating them from other institutions. I am grateful that throughout my studies, I was nurtured by being given professional advice, the necessary support and enough time to work at my own pace. At IDEA Academy I did not just get a degree, but I’ve learned so many extra life experiences.
Lorraine Vella
M.Sc. in Governance