Program Overview

Course Details

The module considers financial crime and intelligence about capital markets, and private and correspondent banking. For each of the three contexts, the student is introduced to regulatory concepts and approaches, before learning about different methods used to detect crime, mitigate and prevent such behaviours.

Learning Outcomes

• To appreciate the risks, legal responsibilities, and obligations associated with operating private and correspondent banking and within the operation of capital markets.
• To be able to evaluate and apply regulatory methods used to reduce offending in different sectors of the banking industry.
• To critically evaluate methods of detection and mitigation of financial crime, terrorist financing and money laundering in banking (specifically within the operation of capital markets, and private and correspondent banking).
• To develop a reflective comprehension of the forms of financial crime, fraud and wrongdoing observed in private and correspondent banking and within the operation of capital markets.
• To identify and apply appropriate methods of due diligence in different sectors of banking based on financial intelligence and anti-money laundering policies.

Learning Methods

This module is delivered through means of distance learning and on a part-time basis, where you can study at your own pace, no matter where you are in the world. A combination of interactive classes and recorded lectures are provided throughout the 6 months semester, providing participants with a good work-life balance.

Course Content

What will you study on this course?

The three course handbooks used on this module are accessed through the ManchesterCF platform. ManchesterCF is a specialist training provider in financial crime, and continually update their materials in response to changes in regulation. The materials will explore the theoretical concepts and practical aspects of correspondent banking, private banking and capital markets to introduce a wide range of real-world cases.

• Unit 1 - FIU Connect Capital Markets
• Unit 2 - FIU Connect Correspondent Banking
• Unit 3 - FIU Connect Private Banking

Means of Assessment

The mini-project assessment for Financial Crime in the Banking Industry comprises two parts:

1. Research that requires the student to identify the 'current state-of-play' for Financial Crime in the Banking Industry in their product & geographic areas of operation for each of the three topics in the module, & assess how these compare to developments in the industry globally (5500 words and carries 75% module weighting).
2. A critical evaluation of 'best practice for risk mitigation' in for Financial Crime in the Banking Industry as indicated in the study materials & supplementary readings, across the three topics in the module (1500 words and carries 25% module weighting).

Course Cost

The cost of this course is £3,400

Entry Requirements

Aimed at mid-career professionals working in the financial industry or regulation. Entry consideration will be given to individuals with minimal experience or qualifications.

English Language Requirements

Applicants must have a high level of fluency in the English language. The English language tests we normally refer to are as follows;

• IELTS: 6.0 (with no element below 5.5)
• Pearson PTE: a score of 56 (with no element lower than 51)
• Cambridge English Test – Advanced: 169 (with no element lower than 162)

Application

Please make sure you read and follow the step-by-step application guide as this will specify which sections of the application form are compulsory for the type of course you want to apply for and save you time.

Please prepare the following information (in a Word document):

1. Current employment details;
2. Years of experience, and employment history (where relevant)
3. Name of staff member and organisation that have approved your funding for this module.

This will speed up the process of completing the application form.

Additional Information

• Tuition Fee: £3,400
• Credits: 30
• Duration: 6 months
• Study Mode: Part Time
• Location: Online