Professional Certificate in Financial Crime Prevention

Transcription

1 Professional Certificate in Financial Crime Prevention

2 Summit Finuas Network The Summit Finuas Network is part of the Finuas Networks Programme. The Finuas programme is dedicated to specialised training within the International Financial Services sector. Managed by Skillnets Ltd. on behalf of the Department of Education and Skills, Finuas aims to support the sector in maintaining Ireland s position as a top International Financial Services centre through investment in the specialist skills and expertise of its workforce. The network is led by a Steering Group which includes member companies and the leading financial services industry associations, Financial Services Ireland (FSI); Irish Funds Industry Association (IFIA); Federation of International Banks in Ireland (FIBI); Dublin International Management and Insurance Association (DIMA); and the Irish Association of Investment Managers (IAIM). NETWORK ACTIVITY The Summit Finuas Network was established in mid Since then we have delivered over 341 courses to approximately 220 companies operating in the international financial services sector in Ireland. Courses have ranged from specialist workshops in Solvency II and Basel III, Certified programmes in Financial Regulation and Complex Financial Instruments up to Masters level i.e. MSc in Risk Management and MSc in Sustainable Energy Finance (developed in conjunction with the Green IFSC initiative). WHY GET INVOLVED - Avail of a comprehensive range of specialist courses designed for the international financial services sector - Opportunity to significantly reduce training costs through the availability of grant funding - Provides the opportunity to work with education and training providers to update and amend course content in line with market developments - Ensure your employees acquire the latest skills to maintain your organisations competitiveness - Opportunity to network and collaborate with other member companies. HOW TO GET INVOLVED: Sign up for free at: Telephone: Louise Ryan, Network Executive info@summitfinuasnetwork.com Tweet Finuas Network ii Summit MSc in Financial Finuas Network Services 2014 Welcome

3 THE INSTITUTE OF BANKING The Institute of Banking is the largest professional institute in Ireland. We are a community of 33,000 members who work in banking and in both international and local financial services in the Republic of Ireland and Northern Ireland. Professional development of our members through education is at the heart of what we do. We are a not-for-profit organisation. The Institute provides university level banking education programmes and related services. These enable our members to achieve and sustain their professional qualifications and continuing professional development essential in meeting customer and regulatory expectations. More than 7,000 of our members are currently studying with us. Excellence in education As a recognised college of University College Dublin (UCD) and the standout industry educator, we offer qualifications of the highest standard. We currently have more than 30 programmes ranging from Professional Certificates (level 7 on the NFQ) to Masters Degree (level 9). We design our programmes to be practical and relevant, but grounded in academic rigour. We focus on providing innovative and flexible education options to ensure that we meet your changing needs. All our programmes are part-time. The Institute of Banking IFSC, 1 North Wall Quay Dublin 1 Ireland T: +353 (0) E: info@iob.ie W: THE ASSOCIATION OF COMPLIANCE OFFICERS IN IRELAND The Association of Compliance Officers in Ireland (ACOI) is the professional body for Compliance Officers working in financial services. Established in 2002, ACOI has continued to grow its membership each year. Its goals are to: promote the advancement of knowledge and ideas in regulatory compliance and business ethics; provide training and examinations in regulatory compliance and business ethics; promote the highest ethical standards among all persons engaged in regulatory compliance. Now more than ever, the role of the compliance professional is centre stage in all financial institutions. The spotlight on compliance will continue into the future as the institutions deal with increasing regulation and the need to be open, transparent and accountable. The affairs of the Association are overseen by the Board of Directors and its sub-committees including: Chairman s Committee, Audit, Education, Professional Development Services, Communications, Publications/Editorial Board, Membership & Professional Affairs, Ethics, Finance Risk & Administration and Technical (which incorporates a network of Working Groups). ACOI is a not-for-profit organisation. ACOI Fitzwilliam Hall Fitzwilliam Place Dublin 2 T: +353 (0) E: jamie.mcnamara@acoi.ie W: Professional MSc in Financial Certificate Services in 2014 Financial Crime Prevention iii

4 Introduction The Professional Certificate in Financial Crime Prevention is a stand-alone qualification which also forms a component part of the MSc in Compliance. The qualification ranks at Level 9 on the NFQ (Masters Degree Level) and is accredited by University College Dublin. One of the biggest risks faced by financial services firms is that their systems or personnel will be used to facilitate financial or white collar crime. This can take many forms including the laundering of money, facilitation of terrorist financing, the payment of funds to sanctioned countries or entities and fraud. The role of the Head of Compliance with responsibility for Anti- Money 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 & 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 is 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 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. Designed to equip existing or aspiring staff in Financial Crime Prevention Units with the specialist skill to mitigate this key compliance risk, this programme will expose participants to an applied learning approach utilising both case studies and experienced guest speakers. The programme is targeted at Financial Crime Prevention specialists across all financial services firms and has been designed in consultation with the Garda Bureau of Fraud Investigation and the Suspicious Transactions Unit in the Office of the Revenue Commissioners. Participants who complete the programme and who, as members or associate members of ACOI, complete the requisite continuous professional development, will be entitled to use the designation CFCPP - Certified Financial Crime Prevention Practitioner. I, and the Board of ACOI, wish you every success with your studies and for the future. Philip Brennan Chairman Association of Compliance Officers in Ireland Professional Certificate in Financial Crime Prevention Introduction 01

5 Professional Certificate in Financial Crime Prevention WHAT DOES THIS PROGRAMME COVER? There has been a significant increase in the complexity and volume of the 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 regulation while contributing to wider organisational objectives. As well as a thorough understanding of the regulatory and legislative framework, professional practice in the area of financial crime prevention requires judgements and decisions to be made for many scenarios which require considerable intellectual capability. ENTRY REQUIREMENTS Admission is open to individuals with a relevant undergraduate degree in a business or legal discipline at Level 8 NFQ. Applicants who do not hold a primary 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 by the Programme Director. The primary motivation underpinning the development of the Professional Certificate in Financial Crime Prevention is to provide a learning opportunity for compliance and/or other relevant professionals to develop the necessary intellectual capital to ensure that their organisations meet their current and future regulatory responsibilities in relation to financial crime prevention. 02 Professional Certificate in Financial Crime Prevention Programme Details

6 Curriculum and Programme Outcomes CURRICULUM Candidates take one module Financial/White-Collar Crime Prevention for the Professional Certificate in Financial Crime Prevention (10 ECTS). This programme will expose participants to topics such as; fraud types, detection and investigation techniques, cyber crime, forensic IT, different jurisdictional regulatory frameworks) utilising both case studies and senior guest speakers. DELIVERY This programme is delivered over one semester, five working days comprising six hours of teaching per day. The module Financial/ White-Collar Crime Prevention will involve blended learning comprising a pre-module preparation phase (including readings, cases, and exercises) followed by block release. PROGRAMME LEARNING OUTCOMES Upon completion of the Professional Certificate in Financial Crime Prevention graduates are expected to be able to: Knowledge and Understanding: Interpret contemporary legislation in the specific areas of financial crime prevention. Applying Knowledge and Understanding: Design, complete and report on major financial crime prevention projects which may be required to enhance their firm s positioning within the sector. Making Judgements: Justify the rationale underpinning recommendations in relation to financial crime prevention. Upon implementation, determine on an ongoing basis the performance of a financial crime prevention framework within their organisations framework. Communication and Working Skills: Be able to defend decisions from an informed perspective. Learning Skills: Be able to maintain, develop and apply contemporary professional best practice. PROGRESSION The Professional Certificate in Financial Crime Prevention is an exit award of the Graduate Diploma in Compliance. In addition to being a standalone qualification awarded from UCD, this programme is designed to ensure flexibility of study and to enable credits to be accumulated for progression to a higher award. The Professional Certificate in Financial Crime Prevention contributes 10 credits towards the required 60 credits Graduate Diploma in Compliance. Students who achieve an honours award classification in the Graduate Diploma in Compliance are eligible for the award of MSc in Compliance on successful completion of two additional modules. Professional Certificate in Financial Crime Prevention Curriculum and Programme Outcomes 03

7 Lecturer Biographies KIERAN WALLACE, PARTNER - KPMG Kieran leads KPMG s Restructuring & Forensic Advisory practice and has significant experience in the areas of administration, receiverships, and liquidations. He also has extensive experience in loss of profit claims, dispute resolution, and investigations, including accounting irregularity investigations. NIAMH LAMBE, DIRECTOR KPMG Niamh manages a team in the Forensic Advisory practice. Prior to working in KPMG Niamh was the Deputy Head of Enforcement at the Central Bank of Ireland. Niamh is a Fellow of Chartered Accountants Ireland. 04 Professional Certificate in Financial Crime Prevention Lecturer Biographies

8 Further Information FEES All fees are payable on registration in advance of programme commencement. This programme is eligible for Summit Finuas Network funding for a strictly limited number of places on a first come first served basis. * Summit Finuas Network member: c1,000 Non-member: c1,450 * To avail of Summit Finuas Network funding you must be employed by an organisation that is a Summit Finuas Network member. PROFESSIONAL BODY MEMBERSHIP You must be a member of the The Association of Compliance Officers in Ireland to undertake this programme. CLOSING DATE 31 January 2014 FURTHER INFORMATION For FAQs on this programme visit Finbarr Murphy, BA, hdip, MSc, QFA Senior Programme Manager The Institute of Banking T: E: finbarr.murphy@iob.ie Jamie McNamara Education Officer ACOI T: E: jamie.mcnamara@acoi.ie Louise Ryan Network Executive Summit Finuas Network T: E: info@summitfinuasnetwork.com Professional Certificate in Financial Crime Prevention Further Information 05

9 Interested? Next Steps Visit for more information about the network, funded programmes and to check if your employer is a network member Visit or for information on the programme Read the online FAQs Fill in an online expression of interest form and the Programme Manager will contact you Phone or the Programme Manager who will be able to answer any questions you may have Complete your application form by 31 January 2014 and submit along with supporting documents to the Institute of Banking, IFSC, 1 North Wall Quay, Dublin 1 06 Professional Certificate in Financial Crime Prevention Interested? Next Steps

10 2013/2014 Professional Certificate in Financial Crime Prevention application form PERSONAL DETAILS COMPLETION OF ALL DETAILS IS REQUIRED. USE BLOCK CAPITALS. Membership Number If existing member of the Institute of Banking or the ACOI Surname First Name Date of Birth (dd/mm/yyyy) / / Mr Mrs Ms Mobile Phone Number Address WORK DETAILS Employer Name Department Address County Postcode Work Phone Number HOME DETAILS Address County Postcode 1/4

11 EDUCATION / WORK EXPERIENCE THIRD LEVEL EDUCATION (Provide original transcripts of your results (photocopies/scans not sufficient) with this application. Pending results must be supplied as soon as they are available. Provide results to date if you have not yet graduated). Name and Address of Years of Study Programmes or Qualification Class of Qualification Institutions Attended Subjects Passed (eg 1st Class From: To: Honours) Notable academic achievements to date, prizes, medals, scholarship, honour awards, etc. Membership of professional associations, institutions, national & international bodies Professional Association Period of Membership Level of Involvement & Grade of Membership 2/4

12 RESUME Include with this application a resume containing a detailed description of your current position and responsibilities, and if relevant, previous position(s). REFEREES Give the name and contact details of two professional/academic referees who may be contacted in support of your application. (These referees will not be contacted without your prior consent). Name Relationship to applicant Phone Name Relationship to applicant Phone WHERE DID YOU HEAR ABOUT THIS PROGRAMME? Newspaper/Magazine Ad Poster Online Word of mouth ACOI CLOSING DATE The closing date for applications is Friday 31st of January Late applications will be considered if places are still available. Please contact the programme manager for admissions information. CHECKLIST Use this reference guide to ensure that you have fulfilled all the necessary requirements to apply for the programme. Fully completed application form Resume Official Results Transcripts REGISTRATION FORM If you are accepted onto the programme you will be sent a Registration form requiring payment details. 3/4

13 DATA PROTECTION NOTICE The information provided by you on this application form and generated as a result of your application may be used and disclosed by the Institute of the Institute of Banking for all purposes which are reasonably incidental to your eligiblity for participation in the programme. DECLARATION By submitting this form I am declaring that the information provided is accurate. I acknowledge that I have read in full, understood, and agree, if accepted onto the programme, to be bound by the terms and conditions set out and referred to online at I further confirm that I have read and understood the contents of the data protection notice set out above and consent to the uses and disclosures of my personal data as set out therein. Signature Date DD/MM/YYYY / / 4/4

14 The Summit Finuas Network is funded by member companies and the Finuas Networks Programme, managed by Skillnets Ltd. funded from the National Training Fund through the Department of Education and Skills.