About This Course
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. Products, risk management and the wider institutional structures relevant to each situation are discussed. The specific banking sub-sectors may be adjusted from year-to-year depending on relevant developments in the industry.
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 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.
Blackboard is the virtual learning environment (VLE) used by Bangor University where each module benefits from a bespoke area within the platform where all study resources are held. Resources include study guides, e-textbooks and access to the online library.
This module is offered as part of the syllabus on the Financial Crime & Compliance MBA (FCCMBA) programme. Should you wish to advance to the FCCMBA, successful completion of this module will provide an exemption to this module.
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:-
- 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).
- 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
How to Apply
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):
- Current employment details;
- Years of experience, and employment history (where relevant)
- 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.
To apply for this course, you need to create an account in our APPLICANT PORTAL
You will need access to the email address you specify while creating your account to confirm it.
After creating an account, you will see a homepage with several tabs:
- Personal
- Programme
- Info
- Contact
- Education
- Employment
- Language
- Finance
You need to complete all sections before submitting your application.
When a section is complete, a ‘tick’ symbol will appear below it.
- Click on ‘Non-graduating applications / Stand alone Modules’, then select ‘Non-graduating Undergraduate’.
- In the next section, select Non-Graduating Taught Modules, Click Save and Continue.
- On the next page, the default for the first question is Full Time. You need to change this to ‘Part time’:
- You now need to input the module code. Financial Crime in the Banking Industry : the code is ASB-9054. This section must be completed for your application to be processed.
- You also need to state the start date. Please make your selection, then click ‘Save and Continue’.
- IMPORTANT: You do not need to write a personal statement to apply for this course. Instead, please upload the document including employment, experience and education information that you have created prior to starting the application that contains the name of your current employer, the number of years of experience you have, and your highest qualification to date. Click Save and continue.
You only need to enter the details of your highest qualification to date, e.g. if you have a postgraduate qualification, please only only include this.
You will be asked for evidence of the qualification. Please either upload a copy of your qualification if it's easily accessible, or upload the Word document again (that you prepared earlier).
(details not required as you've already prepared this)
Please scroll to the bottom of the page and click on ‘I have no employment history’ (as you have already provided this in your Word document).
please answer the questions as follows:
- How will you finance your studies?
- Exact name of funding authority:
- Country: United Kingdom
- Give details of the amount of the award?
- Sponsorship will cover: Tuition Fees
- Have you been awarded this funding? Please select ‘yes’ * Note that you will be required to upload evidence of the funding. If you wish to confirm ‘yes’ to this question, but do not have any written confirmation to upload, you can upload your Word document here again.
If you are self-funding, please provide all details as appropriate.