Proliferation Financing and Targeted Financial Sanctions
6 ECTS
Proliferation Financing and Targeted Financial Sanctions
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€613 refund on this module
Module Description
In this module, students will gain insights into the identification of risks associated with proliferation financing, a critical aspect of countering the proliferation of weapons of mass destruction.
Through detailed examination, learners will explore the pivotal role of targeted financial sanctions in mitigating these risks, understanding how such measures disrupt illicit financial flows that support proliferation activities.
Additionally, students will analyze potential vulnerabilities within financial and non-financial institutions, assessing how breaches, non-implementation, or evasion of proliferation financing and targeted financial sanctions can occur.
This comprehensive understanding empowers students to develop robust strategies for preventing and addressing proliferation financing threats effectively.
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:
- Identify and assess the proliferation financing risks.
- Understand the importance of having screening tools in place in order to carry out the obligations imposed by the technical and immediate outcomes and local legal obligations.
- Identify the ways that financial and non-financial institutions might be misused as a result of, non-implementation of measures to detect customers linked to Proliferation Financing and Targeted Financial Sanctions (TFS) and the taking of effective action subsequent to such exposure.
Knowledge:
At the end of the module/unit the learner will have been exposed to the following:
- Analyse proliferation finance risks and the need for proliferation financing risk assessments.
- Analyse how non-financial institutions might be misused resulting in potential breach, non-implementation, or evasion of PF-TFS.
- Analyse how financial institutions might be misused resulting in potential breach, non-implementation, or evasion of PF-TFS.
- Explain what is the objective of sanctions for proliferation financing.
- Assess the mitigating measures in place.
Skills:
At the end of the module/unit the learner will have acquired the following skills:
- Ability to assess the link between terrorism, terrorism financing and proliferating financing.
- Identify typologies related to proliferation financing and link to the FATF recommendations.
- Analyse the importance of addressing targeted financial sanctions.
- Identify threats and vulnerabilities of proliferation financing for the financial and the non-financial sector.
- Analyse the importance of targeted financial sanctions and the importance of having adequate sanction screening in place for every subject person.
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.