Diploma in Financial Crime Compliance, Anti-Money Laundering and Combating the Financing Of Terrorism

Directly linked to the Maltese Qualification Framework Level 5 descriptors and required learning outcomes at MQF Level 5, at the end of the module the successful learner will have acquired the responsibility and autonomy equivalent to responsibility and autonomy to:

• Understand the concept of money laundering.
• Appreciate the importance of AML regulation in combatting crime, fraud and terrorism;
• Be aware of obligations under arising under the Prevention of Money Laundering Act,
• Understand the Prevention of Money Laundering and Funding of Terrorism of Regulations and other relevant legislation and guidelines;
• Understand the main responsibilities of Senior Management and the Money Laundering Reporting Officer (‘MLRO’);
• Understand industry-specific good practice guidance and direction on AML programmes;
• Conduct proper customer due diligence procedures;
• Develop and implement effective systems and controls for the prevention and detection of AML;
• Define the role of the Financial Intelligence Analysis Unit (FIAU);
• Identify possibly suspicious activities and red flag indicators for money laundering;
• Understand the recent developments in relation to the latest EU Anti-Money Laundering Directive;
• Understand the FATF Recommendations and Methodology;
• Discuss methods on how to implement a risk-based approach;
• Understand the requirements of CDD procedures;
• Understand how identification and verification of an applicant for business and a beneficial owner is to be carried out, and the resources which can be used;
• Identify the obligations for subject persons to carry out ongoing monitoring and sanction screening of a business relationship;
• Identify internal policies and procedures which need to be implemented within your organisation for AML/CFT; and,
• Create a proactive culture within the whole organisation with respect to risks from ML/FT.

Directly linked to the Maltese Qualification Framework Level 5 descriptors and required learning outcomes at MQF Level 5, at the end of the module the successful learner will have acquired the responsibility and autonomy equivalent to responsibility and autonomy to:

• Understand Global sanctions architecture – sanctions in context.
• Look at how sanctions regimes are implemented
• Analyse on Sector-based sanctions
• Identify higher risk jurisdictions and activities – Sanctions lists and screening
• Look at the management of global exposure to unilateral and regional sanctions
• Develop the control framework
• Conduct Sanctions screening
• Identify Incident management and holding of sanctioned funds.
• Understand what financial crime is and explain the financial crime risks.
• Identity theft and electronic crime
• Anti-Fraud policy
• Discuss methods on how to reduce financial crime
• Identify internal policies and procedures which need to be implemented within your organisation for Sanctions and Anti-Financial Crime.
• Identify the obligations for subject persons to carry out ongoing monitoring and sanction screening of a business relationship.
• Create a proactive culture within the whole organisation with respect to risks from ML/FT.

Directly linked to the Maltese Qualification Framework Level 5 descriptors and required learning outcomes at MQF Level 5, at the end of the module the successful learner will have acquired the responsibility and autonomy equivalent to responsibility and autonomy to be able to:

• Understand key factors that influence the practical application of governance frameworks
• Explain the role of governance bodies in developing strategy
• Evaluate the Governance roles and responsibilities while embedding corporate values.
• To be able to adhere properly to Codes of Conduct
• Look at practical examples of good and bad practice
• Evaluate the skills and behaviours required for an effective Board
• Evaluating Board effectiveness
• Identify the obligations for subject persons in line with the Corporate Governance Act.
• Identify internal policies and procedures which need to be implemented within your organisation.
• Create a proactive culture within the whole organisation with respect to Corporate Governance.

Directly linked to the Maltese Qualification Framework Level 5 descriptors and required learning outcomes at MQF Level 5, at the end of the module the successful learner will have acquired the responsibility and autonomy equivalent to responsibility and autonomy to:

• Provide Financial Regulatory Background
• Understand Key Reporting Requirements
• Explain Systems and Controls
• Analyse the implications for UK, EU and Global Investment Banks and Asset Managers
• Implement challenges and lessons learnt
• Provide an overview of Financial Crime
• Explain how to combat Financial Crime
• Identify the obligations for subject persons to carry out ongoing crime compliance.
• Identify internal policies and procedures which need to be implemented within your organisation for Financial Regulatory and Crime Compliance.
• Create a proactive culture within the whole organisation with respect to risks Crime Compliance.

Directly linked to the Maltese Qualification Framework Level 5 descriptors and required learning outcomes at MQF Level 5, at the end of the module the successful learner will have acquired the responsibility and autonomy equivalent to responsibility and autonomy to:

• Understand the Risk management frameworks and standards;
• Develop a risk management process and policy
• Take a strategic perspective on risk management.
• Prepare embedding and monitoring of risk management.
• Outline the stages involved in a risk-based approach to internal audit planning.
• Explain why internal audit seeks to assure itself of the reliability of risk management process before developing the audit plan.
• Identify the obligations for subject persons to carry out ongoing monitoring and sanction screening of a business relationship.
• Identify internal policies and procedures which need to be implemented within your organisation for AML/CFT.
• Create a proactive culture within the whole organisation with respect to Risk Management.

Directly linked to the Maltese Qualification Framework Level 5 descriptors and required learning outcomes at MQF Level 5, at the end of the module the successful learner will have acquired the responsibility and autonomy equivalent to responsibility and autonomy to:

• Describe the history of AML/CFT and the current status of compliance in the iGaming industry
• Identify AML/CFT risks by applying a risk-based approach
• Get to know how to report suspicious activity and unusual transactions
• Be able to carry out KYC due diligence
• Classify information and apply best practices to avoid data breaches
• Recognise fraudulent game patterns (sports betting, sportsbook, casino, poker) and build defence strategies for an Anti-Fraud & Payments department in gaming
• Create processes and procedures based on relevant rules and regulations
• Perform enhanced due diligence checks on high-risk factors
• Monitor suspicious behaviour
• Get to know how to report a data breach
• Identify and verify problem gamblers, and apply responsible gaming practices
• Describe the history of AML/CFT and the current status of compliance in the iGaming industry
• Identify AML/CFT risks by applying a risk-based approach
• Get to know how to report suspicious activity and unusual transactions
• Be able to carry out KYC due diligence
• Classify information and apply best practices to avoid data breaches
• Recognise fraudulent game patterns (sports betting, sportsbook, casino, poker) and build defence strategies for an Anti-Fraud & Payments department in gaming
• Create processes and procedures based on relevant rules and regulations
• Perform enhanced due diligence checks on high-risk factors
• Monitor suspicious behaviour
• Get to know how to report a data breach.