Diploma in AML in a Fintech Environment (Level 8)

Start Dates: TBC

Duration: Semester 1:
September - December

Semester 2:
January - May

Location: Virtual

Full Fee: €3,330

Network Members Fee: €2,310

https://www.ifsskillnet.ie Book Now

Programme overview

The programme is designed to provide current, and prospective, anti-money laundering compliance professionals and practitioners with the skills to establish Ireland as a centre of both European and global Anti-Money Laundering (AML) and Counter Terrorist Financing (CTF) excellence and innovation. In the context of the technologically driven innovation in financial services (Fintech), the programme assesses the AML Framework from the perspective of a wide range of providers in the Irish Financial Services ecosystem – for example: Credit and Financial Institutions (‘Firms’) and Designated Non-Financial Business and Professions (DNFBP’s). The programme examines the core elements in the AML Cycle and contemporary (technologically enhanced) best practice in the risk assessment, client onboarding, and life cycle management of client accounts for traditional financial institutions, Fintech’s, and other professional services providers. Analysing the role of the global watchdog Financial Action Task Force (FATF), and evaluating the challenges facing National Financial Investigation Units (FIU’s) in investigating and enforcing AML/CTF actions, is another central component to the course’s holistic approach to reinforcing/enhancing the effectiveness of Ireland’s existing AML/CFT compliance regime.

Learning outcomes:

Examine the key definitions and regulatory requirements governing the AML Compliance Framework.

Assess the evolution of EU AML Directives and their transposition into Irish (national) legislation.

Differentiate between the AML compliance risks and regulatory requirements across various sectors – financial institutions and professionals – of the payments infrastructure.

Evaluate the role of FATF and the national FIU’s in investigating and implementing effective AML/CTF enforcement.

Distinguish the critical elements of a contemporary AML programme in an evolving Fintech (digital) environment.

Contextualise the importance of culture and collaboration in the Irish AML Compliance Framework.

Who is the course for?

The programme is designed to provide current, and prospective, Anti-Money
Laundering (AML) compliance professionals with the core knowledge, skills, and
competencies required to work in an increasingly digitised, data driven, compliance function.

Modules:

Module 1:

  • AML Definitions & Requirements
  • AML Directives and Legislation
  • Sectors & AML Compliance Requirements
  • The Role of FATF & the National FIU
  • AML in a Fintech Environment
  •  Compliance (AML) Culture

Module 2:

  • AML Cycle
  • AML Risk Assessment
  • AML Onboarding & Life Cycle Management
  • AML Transaction Monitoring & STR’s
  • AML Investigation & Enforcement
  • AML Collaborations

Module 3:

  •  EU Digital Finance Strategy
  • Digital Identities
  •  AML & Fintech Payments
  • Data Protection in a Fintech Environment
  • AML & Crypto
  • Harmonisation of AML Compliance

Module 4:

  • Innovation & Regulation
  • RegTech Technologies
  • AML (RegTech) Solutions
  • AML Use Cases
  • Implementing AML (RegTech) Solutions
  • Future of AML Compliance

Trainer Profile