Digital Risk - AML & Financial Crime Prevention
The Professional Certificate in Digital Risk, AML and Financial Crime Prevention addresses the main types of digital risk and financial crime as well as the policies, procedures and internal controls intended to prevent it.
| Award Name | Special Purpose Certificate (Level 7 NFQ) |
|---|---|
| NFQ Classification | Special Purpose |
| Awarding Body | QQI |
| NFQ Level | Level 7 NFQ |
| Award Name | NFQ Classification | Awarding Body | NFQ Level |
|---|---|---|---|
| Special Purpose Certificate (Level 7 NFQ) | Special Purpose | QQI | Level 7 NFQ |
Duration
1-2 Trimesters
Entry Requirements
Professional Body Membership
You must be a current member of IOB, or become a member, to register for this programme. Membership is currently €40 per calendar year.
Further information
Next intake
Autumn Trimester (2023-2024 academic year)
Please note that the programme content and fees are subject to change in the 2023/2024 academic year. Any changes will be outlined in the 2023/2024 prospectus and at iob.ie in August - the start of the new academic year.
€605 per module
This programme is relevant to:
All regulated firms in financial services sector
All firms established as a Trust company
All firms who through their day to day operation must meet AML requirements as set out by the EU AML Directives
All firms who provide professional services
All Fintech firms.
Who is this programme for?
Digital technologies are dominating the operating model of financial services organisations worldwide, including how they conduct their business and distribute products and services. Customer experience has been at the heart of this transformation with financial services organisations seeking to enhance the communication channels they have with their customers, the products and services they offer and the loyalty they create with their customer base as new entrants continue to enter the market.
As companies embrace the latest digital technology to become increasingly competitive, digital risk is becoming the biggest facet of business risk. Industry research suggests that the COVID-19 pandemic has dramatically increased the scale and speed that firms have shifted to digital channels in both the customer facing area of the organisation and the operations element of the business. This rapid evolution of digital investment and operations has also increased the digital risk that exists. Money Laundering and Financial crime is an escalating worldwide problem, unrestricted by jurisdictions and physical boundaries. Preventative measures including educating staff to be aware of the ever evolving financial crime changes and detection of the same being the key defences of a firm. The Professional Certificate in Digital Risk, AML and Financial Crime Prevention addresses the main types of digital risk and financial crime as well as the policies, procedures and internal controls intended to prevent it.
How you will benefit
On successful completion of the programme you will be able to:
Understand the different types of financial crime and money laundering activities perpetrated against financial services providers.
Analyse and assess the threats facing financial services organisations using appropriate models and frameworks.
Select and apply appropriate tools to diagnose the environmental opportunities and threats faced by a financial services organisation and evaluate the strategic alternatives available to deliver customer and client value.
Understand how to develop a successful risk framework to manage digital risk.
Analyse the risks of financial crime to financial services providers and the resulting impact on internal controls, policies and procedures.
Communicate the nature of money laundering and financial crime and describe its manifestations in financial services.
Pursue appropriate learning opportunities (academic and non-academic) to enhance their decision-making capabilities.
AML, Cyber Security and Financial Crime €605
Digital Risk Management €605
Both modules are assessed by continuous assessment:
CA1 - 30%
CA2 - 70%
Award
When you successfully complete this programme, you will be awarded a Professional Certificate in Digital Risk, AML and Financial Crime Prevention from UCD. This is a level 7 qualification on the National Framework of Qualifications.
Programme Manager
Laura Finnegan
education@iob.ie