ICA Specialist Certificate in Financial Crime Risk and New Technology

Why Attend

Specialist Certificate in Financial Crime Risk and New Technology provides learners with a core understanding of the wide landscape of new and emerging technology in today’s world, viewed through the lens of financial crime risk management. The course emphasizes both the opportunities and the risks inherent in new technology and equips the learner with the ability to understand how technology features inform risk assessment. This course has recently been updated to include particular focus on practical guidance for compliance professionals. Explore the landscape of new and emerging technology in today’s world, viewed through the lens of financial crime risk management. Key takeaways from this practical, online course include: Understanding innovations impacting the financial sector Comparing RegTech and FinTech and leveraging big data in preventing financial crime Assessing the benefits and risks of new technology Adopting a horizon-scanning approach to technology. This course is awarded in association with Alliance Manchester Business School, the University of Manchester.

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Course Objectives


  • Applying financial crime concepts to emerging technology
  • Emerging technologies and financial crime risk
  • The impact of innovation on financial services
  • Harnessing RegTech to minimise financial crime
  • Predicting the next wave of disruptive technology for financial services


Target Audience


• Compliance, AML and financial crime officers
• Money laundering reporting officers
• Managers responsible for internal compliance controls
• Internal and external audit staff
• Company secretaries
• Legal practitioners and support staff
• Accountants

Module 1

Applying Financial Crime Concepts to Emerging Technology

  • Perceptions of fintech and financial crime
  • Dual benefits of technology
  • Risk and new opportunities

Takeaways

  • Understand what financial crime is and recognise the role technology plays
  • Recognise who typically commits financial crime
  • Identify key features of money laundering, terrorist financing and sanctions evasion

 

 

Module 2

Emerging Technologies and Financial Crime Risk

Explore key features of technology including:

  • Blockchain & Distributed ledger technology (DLT)
  • Cryptocurrencies
  • Decentralised Finance (De-Fi)
  • ID services for onboarding
  • Big data

Takeaways

  • Summarise innovations impacting the financial sector
  • Recognise the drivers of technology facilitated cybercrime
  • Identify the stages of conducting investigations in technology- based cases
  • Compare RegTech and FinTech and leverage big data in preventing financial crime

 

Module 3

Impact of Innovation on Financial Services

  • How to integrate with FinTech disruptors
  • Legal and compliance risks of partnerships
  • Open banking risks and benefits

 

Takeaways

  • Assess the benefits and risks of new technology
  • Identify potential impacts of innovation on your business
  • Understand changes in the payment services landscape
  • Understand what standard setting bodies and key regulators say about the risk of new technology

 

Module 4

Harnessing RegTech to Reduce Financial Crime

  • Recognise the role that RegTech can play in minimising financial crime
  • Differentiate between what RegTech solutions offer
  • Detect potential risks of RegTech

Takeaways

Explore latest RegTech techniques including:

  • Artificial Intelligence
  • Machine learning
  • Real-time analytics
  • Removal of unconscious bias
  • Facilitating faster decision-making

 

Module 5

Predicting New Disruption for Financial Services

  • Adopt a horizon scanning approach to technology
  • Explain some of the current emerging technologies
  • Understand the opportunities and risks inherent in disruptive technology

Takeaways

Review of risks and opportunities of emerging tech:

  • Central Bank Digital Currencies (CBDC)
  • Financial inclusion
  • Role of open-source intelligence (OSINT)
  • Internet of Things (IoT)
  • Wearables

Step 1: Select Prefered Schedule


Date Fee (GHS)

Step 2: Choose Registration Type