ICA Specialist Certificate in Financial
Crime Risk in Global Banking and
Markets - Syllabus
• Introduction to the corporate banking
and financial market environment
In the following segments, we explore risks,
impacts, the regulatory environment and
impacts on the world of corporate banking
and financial markets:
• Market Abuse, Fraud and Manipulation
• Money Laundering
• Terrorist Financing
• Tax Evasion
• Sanctions
In the following segments, we explore
the basis, potential risk exposure and
typologies around specific customer types.
Again, we address how these manifest
in the sphere of corporate banking and
financial markets, and provide illustrative
examples.
• Designated Non-Financial Businesses
and Professions (DNFBPs)
• Asset/Fund Managers, Hedge Funds,
Sovereign Wealth Funds
• Correspondent Banking/Banks
• Money Service Businesses
• Exchanges and Broker-Dealers
• Charities and Non-Profits
• Oil and Gas, Extractive Industries
• Construction
• Telecoms
• Health and Pharmaceutical
In the following segments, we review of
some major financial market products
including foreign exchange, securities,
derivatives and their susceptibility to
financial crime.
• Derivatives
• Foreign Exchange
• Loans and Syndicated Loans
• Securities
• Trade Finance
• Liquidity and Cash Management
• Mergers and Acquisitions
Finally, we explore the CDD process, its
role in the financial crime risk management
lifecycle and the importance of each of its
constituent elements.
• The role played by Customer Due
Diligence
• Who, what, when?
• Identification and Verification
• Beneficial owners
• Screening and negative news
• Know Your Customer (KYC)
• Source of Wealth/Funds
• Nature of Business
• Plausibility
• Enhanced Due Diligence (EDD)
• The risk based approach
• Ongoing Due Diligence
• Roles and responsibilities
• Risk Approval and Management
Last updated February 2018
ICAM686