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Financial Crime Prevention

Who is this programme for?

There has been a significant increase in the complexity and volume of regulation underpinning compliance in the area of financial crime prevention. Consequently, practitioners operating in this complex environment have to fulfil their fiduciary responsibilities of ensuring ethical and legal compliance within this regulatory environment while contributing to wider organisational objectives.

The role of the Head of Compliance with responsibility for AntiMoney Laundering and Counter Terrorist Financing legislation, often the Money Laundering Reporting Officer (MLRO) in a regulated firm, is now a pre-approval control function 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 Professional Certificate in Financial Crime Prevention has been carefully designed to equip MLROs and others who specialise in this area with the necessary competence to fill this role and is the only accredited qualification at this level.

This 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.

How you will benefit

This programme will support your personal and professional development. It will:

•Interpret contemporary legislation in the specific areas of financial crime prevention.

•Design, complete and report on major financial crime prevention projects, which may be required to enhance your firm's positioning within the sector.

•Determine, on an ongoing basis, the performance of a financial crime prevention framework within your firm's framework.

•Apply professional knowledge and skills to investigate a suspected financial crime.

•Maintain, develop and apply contemporary professional best practice.

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.

Or

-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 Association of Compliance Officers in Ireland, or become a member, to register for this programme. Membership is currently €150 per year.

Continuous Professional Development

If you hold an Institute designation or a designation managed by the Institute CPD hours may be awarded on successful completion of this programme

Duration

Delivery

Lectures are held on a part-time basis across one trimester (4 months).

Further enquiries

Adam Burns - Programme Manager
education@iob.ie

Subjects taught

Modules and learning outcomes

01 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.

Comment

Award

When you successfully complete this programme, you will be awarded the Professional Certificate in Financial Crime Prevention from UCD (at postgraduate degree level 9).

Professional designation

Individuals who complete the Professional Certificate in Financial Crime Prevention are entitled to apply for the designation 'Certified Financial Crime Prevention Practitioner' and use the designatory letters CFCPP. Continued use of this designation is subject to meeting ACOI's Continuing Professional Development requirements.

Assessment method

Assessment is a combination of continuous assessment and written exams. The pass mark is 40% in all modules in line with UCD academic policy.

Course fee

The programme fees are €1,450.

Part-funding may be available for eligible applicants through Summit Finuas Skillnet.

Professional body membership
You must be a current member of the Association of Compliance Officers in Ireland, or become a member, to register for this programme. Membership is currently €150 per year.

Enrolment and start dates

Please contact the course provider for the next enrolment and start date.

Remember to mention gradireland when contacting institutions!