Financial Crime World

British Indian Ocean Territory Introduces Anti-Money Laundering Training Program

Strengthening Financial Regulations through AML Training

The British Indian Ocean Territory has launched an anti-money laundering (AML) training program for professionals working in the territory, aimed at enhancing financial regulations and combating money laundering risks.

Course Details

  • The nine-month part-time course is offered by the International Compliance Association (ICA) and is designed to equip participants with the skills and knowledge required to effectively manage money laundering risks.
  • The course combines online study with live virtual classrooms delivered through interactive technology, making it accessible for busy professionals.
  • Participants will learn about:
    • The international AML and counter-terrorism financing (CFT) framework
    • Identifying laundering of proceeds from tax evasion
    • Recognizing terrorism financing and proliferation financing
    • Complying with sanctions regimes

Assessment and Program Structure

  • Participants will be assessed through a series of timed end-of-module assessments, a written assignment focusing on industry sectors, and a case-study based assignment connecting up their learning.
  • The program is designed to cater to professionals working in various roles, including:
    • Money laundering reporting officers (MLROs)
    • Police and financial intelligence unit (FIU) staff
    • Risk managers
    • Accountants
    • Lawyers

Benefits of the Program

  • Participants will gain a deeper understanding of AML/CFT regulations.
  • They will develop critical thinking and interpersonal skills to advance their careers.
  • Upon enrollment, participants will join an international community of over 30,000 members, gaining access to exclusive resources, webinars, and discounts on ICA events and further courses.

Eligibility and Enrollment

  • The program is open to professionals with a good standard of spoken and written English and one of the following:
    • Sound educational background
    • Attainment of an ICA International Advanced Certificate
    • Three years’ relevant work experience
  • Applications are now open for the next intake, scheduled for September 2, 2024.
  • Prospective students can enroll online and pay in full or opt for eight interest-free instalments. Local taxes will be added to the basket at checkout, and a 15% discount is available for residents of specified countries.

Enrollment Details

For more information on the course, including dates, fees, and enrollment details, please visit [insert website link].