Risk-based Approach for Financial Institutions, Designated Non-Financial Business Professions and Virtual Asset Service Providers

Module Description

In this module, you will address the full spectrum of risks and how to focus resources where the risks are highest.

This module aims at ensuring that supervisors and supervised entities primarily understand the money laundering and terrorism financing (ML/TF) risks in their country and of their respective sectors and business by identifying and assessing possible risks.

You will also delve into the why and how a risk-based approach is less burdensome on lower risk sectors or activities, and for obliged entities to continuously update their understanding of risk and adjust and improve their supervisory approach.

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.

How you’ll be assessed

The method of assessment is assignment-based.

The module comprises:

• 6 lectures;
• 3-hour lectures;
• 12 hours of online content, comprising synchronous online discussions, tutorials and/or videos.