Financial Crime Prevention
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.
| Award Name | Special Purpose Certificate (Level 9 NFQ) |
|---|---|
| NFQ Classification | Special Purpose |
| Awarding Body | University College Dublin |
| NFQ Level | Level 9 NFQ |
| Award Name | NFQ Classification | Awarding Body | NFQ Level |
|---|---|---|---|
| Special Purpose Certificate (Level 9 NFQ) | Special Purpose | University College Dublin | Level 9 NFQ |
Duration
1 trimester.
Lectures are delivered online across five Saturdays in the trimester.
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 Compliance Institute, or become a member, to undertake this programme.
Careers / Further progression
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.
Further information
Contact Provider for next start date.
Fees €1,595
€1,100 - IFS Skillnet*
*Funding it subject to availability
This programme has IFS Skillnet funding available for certain companies. You should check if your company has IFS Skillnet approval.
Please note funding available for modules running up until end of 2023 only, a new application will be required for modules running in 2024 if funding is available.
The availability of funding for modules in future trimesters will be confirmed in advance of their commencement.
Tax relief may be available to candidates who are paying fees in a personal capacity. Further information is available from www.revenue.ie.
Funding it subject to availability
IFS Skillnet form Professional Certificate in Financial Crime Prevention L9
View the IFS Skillnet Checklist
Note: Those without IFS Skillnet funding should apply using the Apply Now button above.
Closing date: 26 January 2024
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.
Award
Professional Certificate in Financial Crime Prevention from UCD.
This is a level 9 qualification on the National Framework of Qualifications and carries 10 ECTS.
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.
Assessment is a combination of continuous assessment and a written exam.
How you will benefit
This programme will support your personal and professional development. It will enable you to:
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.
education@iob.ie
Phone: +353 (0)1 6116 500