AML/CFT/TFS Legislative Framework
6 ECTS
AML/CFT/TFS Legislative Framework
Get 70% back via Tax Credit
€613 refund on this module
Module Description
This module offers an in-depth exploration of the legislative framework surrounding anti-money laundering (AML), countering the financing of terrorism (CFT), and targeted financial sanctions.
Students will examine how this framework incorporates obligations stemming from Financial Action Task Force (FATF) recommendations and addresses risks associated with money laundering, terrorism financing, and proliferation financing.
Through detailed analysis, learners will gain a comprehensive understanding of the legal mechanisms designed to combat financial crime and mitigate related risks.
This knowledge equips students with the expertise needed to navigate complex regulatory environments and contribute to effective AML/CFT efforts in various sectors.
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:
- Apprehend the international requirements of technical compliance.
- Ensure that there are proportional, effective and dissuasive sanctions.
- Assess the legal framework in Malta in line with the FATF technical recommendations and core issues and the national ML/TF/PF risks.
Knowledge:
At the end of the module/unit the learner will have been exposed to the following:
- Assess any deficiencies in the legislative framework in comparison with the FATF recommendations and core issues.
- Appreciate the importance of having a robust legislative framework in place as a tool for effective mitigating measures in place.
- Analyse the whole legislative process and ensure that there is effectiveness.
Skills:
At the end of the module/unit the learner will have acquired the following skills:
- Increased awareness on the compliance with the regulatory imperatives of national and international standards, so that risks are identified in a timely manner, and measures are taken to prevent exposure.
- Ability to assess specific legislation in terms of the national ML/TF/PF risks.
- Ability to assess any gaps in the AML/CFT/TFS legislative framework.
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