Fundamentals of the Risk-Based Approach to Anti-Money Laundering
This course aims to describe and explain the risk-based approach (RBA) procedures so that organizations focus their efforts on those areas where the risk of money laundering (ML) and terrorist financing (TF) appears to be higher. In other words, resources should be efficiently invested and applied where they are most required.
The risk-based approach (RBA) is central to the effective implementation of the Financial Action Task Force (FATF) recommendations. This means that supervisors, financial institutions, and intermediaries should be able to identify, assess, and understand the risks related to money laundering and terrorist financing to which they are exposed, and implement the most appropriate mitigation measures.
This course includes a general presentation of the RBA and provides specific guidance using risk criteria such as country or geographic risk, customer risk, and product or service risk. In addition, examples of risk factors under each of these categories are provided.
Course ContentThis course may take up to five (5) hours to complete. Keep in mind, however, that actual study time varies based on each learner’s training pace.
Cost£350 (includes self-paced online course, customer support, and one-year free membership to IGCA)
Who Should Enroll?This course is addressed to all individuals who practice AML such as compliance and/or AML managers in banks, investment firms, investment funds, ASPs, trust service corporate providers, and lawyers.
Training MethodThe course is offered online using a self-paced approach. The learning units consist of video presentations and reading material. Learners may start, stop, and resume their training at any time.
At the end of the training, participants take a quiz to complete their learning and earn a Certificate of Completion.
Accreditation and CPD RecognitionThis programme has been developed by the International Governance and Compliance Association (IGCA), a globally recognised GRC certification organization and network.
The syllabus is verified by external subject matter experts and can be accredited by regulators and other bodies for five (5) CPD units that approve education in financial regulation. The course may be also approved for CPD units by institutions that approve general financial training such as CISI and ACAMS.
Eligibility criteria and CPD units are verified directly by your association, regulator, or other any other body for which you hold membership.
Registration and AccessTo register for this course, click on the button above to pay online and receive instant access. If you are purchasing this course on behalf of others, please be advised that you will need to create or use their personal profile before finalising your payment.
Access to the course is valid for 90 days.
If you wish to receive an invoice instead of paying online, please email us here. Also, please get in touch if you’d like to discuss special corporate group rates.