Financial Crime Prevention

Institute of Banking

Financial Crime Prevention

Who is it for?
The role of the Head of Compliance PCF-15 and the new role introduced in 2022 by the Central Bank of Ireland PCF-52 (Head of Anti-Money Laundering and Counter-Terroist Financing Compliance), often the Money Laundering Reporting Officer (MLRO) in a regulated firm, are both pre-approval control functions under the Central Bank Fitness and Probity regime. MLROs within firms carry serious legal responsibilities and those who fill the roles must know and understand what these responsibilities are.

Relevant law and standards apply both at a domestic and international level and material breaches can result in personal accountability for MLROs as well as significant reputational damage and fines for financial services firms. The wider damage caused by financial or white collar crime to individuals, communities and the public at large is immeasurable. Effective prevention of fraud and financial crime, combined with thorough investigation if and when it does arise, yields very positive outcomes.

The certificate has been designed in consultation with the Garda Bureau of Fraud investigation and the Suspicious Transactions Unit in the Office of the Revenue Commissioners.

Professional Certificate in Financial Crime Prevention from UCD.
This is a level 9 qualification on the National Framework of Qualifications and carries 10 ECTS.

Subjects taught

Financial/White Collar Crime Prevention (NFQ level 9, 10 ECTS)
This module considers the offense of financial/white collar crime which is committed by or against an individual or corporation and results in a financial loss. The various forms this type of crime can take are examined and best practice techniques to manage and control the risks are discussed. The module will introduce you to a number of topics and suggested methodologies, but also requires input from your professional experience to develop a best-practice approach in order to counteract, hinder and ultimately safeguard individuals and corporations from crime in the financial system.

Entry requirements

The entry requirements for the programme are an:

Honours degree (minimum second class honours grade 2 award or higher) in a business, legal, IT or a relevant cognate discipline.
Those who do not hold a degree, but have exceptional professional experience in the areas of fraud, risk or compliance are eligible to apply and will be considered on a case-by-case basis.

Professional body membership
You must be a current member of the Compliance Institute, or become a member, to undertake this programme.

Application dates

Closing date: 26 January 2024


1 trimester.
Lectures are delivered online across five Saturdays in the trimester.

Enrolment dates

Contact Provider for next start date.

Post Course Info

Continuous Professional Development
If you hold an IOB designation or a designation managed by IOB, CPD hours may be awarded on successful completion of this programme.

More details
  • Qualifications

    Special Purpose Certificate (Level 9 NFQ)

  • Attendance type

    Part time,Daytime,Weekend

  • Apply to

    Course provider