ICA International Advanced Certificate in Anti Money Laundering

What is the ICA Advanced Certificate in Anti Money Laundering?

The ICA Advanced Certificate in Anti Money Laundering is a globally recognised qualification designed to provide participants with practical knowledge and skills to excel in anti-money laundering (AML) roles. It covers key aspects of AML, including regulatory frameworks, risk management, and compliance techniques.

Key Learning Outcomes of the ICA Advanced Certificate

AML Skills: Gain practical skills to effectively manage AML tasks

Risk Analysis: Apply knowledge to analyse and manage AML risks

Professional Recognition: Enhance your professional profile with an internationally recognised qualification from the University of Manchester.

Who is this Anti Money Laundering course for?

This course is suitable for new or recently appointed Money Laundering Reporting Officers (MLROs), financial crime and risk officers, compliance officers, internal auditors, and professionals in financial services aspiring to a career in AML.

Exam

The course assessment includes a timed, online scenario-based assessment and a research-based assignment, ensuring a thorough understanding and application of AML principles.

Core Topics Covered in This Course

Money Laundering Risks: Understanding and managing AML, terrorist financing, and sanctions risks.

Regulatory Frameworks: National and international regulatory frameworks and bodies.

Risk-Based Approach: Implementing and managing a risk-based approach to AML/CFT.

Customer Due Diligence: Initial and ongoing customer due diligence (CDD) processes.

Monitoring and Reporting: Monitoring transactions, recognizing and reporting suspicious activities.

Specific Vulnerabilities: Identifying vulnerabilities in specific services and products.

What are the Prerequisites for Enrolment in this ICA course?

There are no specific prerequisites for this course, making it accessible to professionals at various stages of their careers.

Required Experience

Relevant professional experience in AML or related fields can enhance understanding and application of the course material, though it is not mandatory for enrolment.

Special Provisions for Educators

University instructors and educators may have certain experience exceptions or special provisions to facilitate their participation and the application of course principles in academic settings.

Frequently Asked Questions

Is the ICA Advanced Certificate course accredited? 

Yes, the course is accredited and recognised internationally.

Can I earn CPD hours from this course? 

Yes, participants can earn Continuing Professional Development (CPD) hours upon completing the course.

Who is the target audience for this course? 

The course is aimed at MLROs, financial crime and risk officers, compliance officers, internal auditors, and professionals in financial services.

What is the curriculum structure for this certificate? The curriculum covers AML risks, regulatory frameworks, risk-based approaches, customer due diligence, and monitoring and reporting suspicious activities.

What are the details and format of the examination? 

The exam includes a timed, online scenario-based assessment.

What materials and resources are included in the course? 

The course includes study materials, case studies, and practical examples to aid learning.

What are the prerequisites for enrolling in the ICA Advanced Certificate? 

There are no specific prerequisites; the course is open to all interested professionals.

Can professional experience be used to meet the course requirements? 

While not required, relevant professional experience can be beneficial.

Are there any special provisions for university instructors?

Yes, there may be special provisions or experience exceptions for educators.

Is your institution an ICA accredited training provider? 

Yes, MENA Executive Training is the exclusive and only ICA accredited training provider in Qatar.

What are the advantages of enrolling with your training institution? 

Benefits include expert instruction, comprehensive course materials, and internationally recognised certification. MENAExecutiveTraining.com is the sole ICA accredited training provider in Qatar.

In which languages and regions is the course offered? 

The course is offered in English in Doha, Qatar.

What will I learn?

Over eight units, you will delve into the following topics.

Risks – learn about the threats that must be managed

Bodies and standards – relevance to anti money laundering (AML) practitioners

Frameworks – understand the national legal and regulatory frameworks

AML/countering the financing of terrorism (CFT) risk-based approach

Monitoring activity and transactions – appreciate the standards, framework, sanctions lists and wire transfer requirements

Reporting suspicions – appreciate the requirements, processes, and reporting rules

What are the money laundering, terrorist financing and sanctions risks that must be managed?

The international bodies and standard setters

National legal and regulatory frameworks

Taking an AML/CFT risk-based approach and managing the risks

Initial and ‘ongoing’ customer due diligence (CDD)

Monitoring activity and transactions

Recognising and reporting suspicions

The vulnerabilities of specific services and products

Who is this Anti Money Laundering course for?

This course is suitable for mid-senior level professionals, who are required to have one of the following:

sound educational background, e.g., degree or professional qualification in an appropriate discipline or attainment of an ICA International Advanced Certificate

or three years relevant work experience

A good standard of spoken and written English is required for this course.

This course is suitable for:

MLROs/MLPOs and their deputies

Police and FIU/FCU staff

Managers with responsibilities for internal AML controls

Risk managers

Individuals who have completed the ICA Certificate in AML or ICA Advanced Certificate in AML (UK or International)

Accountants

Lawyers

Company secretaries

Why study for an ICA Advanced Certificate?

ICA Advanced Certificates are intermediate level qualifications suitable for those looking to begin a new career in this field and those already working at the analyst level, as well as managers working in the first line of defence who require a more developed understanding of key areas of risk. 

They are designed to give you actionable and practical knowledge and support you in applying that knowledge to your day-to-day role, so you can better analyse situations and consider appropriate controls or responses.

Successful completion of an ICA Diploma will also allow you to become an Associate Member of ICA, providing you with a range of exclusive membership benefits.