Risk Sensitive Policies and Controls

Module Description

This module is centred around the fact that firms must establish and maintain policies, controls and procedures to mitigate and manage effectively the risks of money laundering and terrorist financing identified in any risk assessment undertaken and the firm must maintain a written record of those policies, controls and procedures established. Firms must therefore put in place systems and controls to identify, assess, monitor and manage money laundering risk. These systems and controls must be comprehensive and proportionate to the nature, scale and complexity of a firm’s activities. Firms must regularly review their risk assessment to ensure it remains current. 

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.  

How you’ll be assessed

The method of assessment is assignment-based.

The module comprises

• 6 lectures per module; 
• 3-hour lectures (evening);
• 12 hours of online content per module, comprising asynchronous online discussions, tutorials and/or videos.