Financial Crime World

Here is the rewritten article in Markdown format:

Wallis and Futuna Financial Crime Compliance Training Programmes: A Growing Demand

In recent years, the demand for Anti-Money Laundering (AML) and Compliance professionals has surged in Wallis and Futuna. Recognizing this trend, Global College Malta has established a comprehensive Diploma programme to equip graduates with in-depth knowledge of the compliance sector.

What is Financial Crime Compliance?

The Diploma in Financial Crime Compliance, AML and CFT is an integral function within the global business environment. This course enables students to make sense of real-world issues affecting their everyday lives and improve their decision-making skills. Taught by experienced staff from the profession, this programme not only looks at the theories and practices of AML and Financial Crime Compliance but also their context in a business setting and significance within contemporary society.

Key Outcomes

Upon completion of the programme, students will develop the expertise needed to make an effective contribution to decision-making and problem-solving, as well as the self-confidence and interpersonal skills required to operate comfortably and effectively in the workplace.

Target Group

This programme is designed for:

  • Students seeking to progress their careers in AML and Compliance disciplines
  • Managers or aspiring managers looking to broaden their knowledge and improve their skills
  • Individuals who have completed degrees related to finance and accounting
  • Lawyers, company directors, and secretaries

Entry Requirements

Applicants should normally possess a minimum of a Maltese matriculation certificate (or equivalent qualifications), with two subjects at an advanced level, three other subjects at an intermediate level, and a pass at Grade 5 or better in the English Language Secondary Education Certificate.

Alternatively, prospective students can be admitted with:

  • Three subjects at Advanced Level (MQF 4) (or equivalent qualifications)
  • Two years of experience in AML and Compliance roles
  • Three years of working experience in Business Administration

Programme Structure

This programme is assessed through the use of take-home assignments, which enable students to demonstrate both theoretical and practical skills developed during module learning.

Programme Fees

The total programme fee is €5,500, comprising:

  • Tuition fees: €4,250
  • Application fees: €100
  • Registration fees: €250

Registration Method

Registration for this programme can be made either online through our online application form or in person.

Total Hours of Learning

The total hours of learning are 1,500 hours.

Target Audience

This programme is designed for individuals who aspire to a career in anti-money laundering or financial crime prevention, including:

  • MLROs/MLPOs and their deputies
  • Compliance officers and their deputies
  • Police and FIU/FCU staff
  • Managers with responsibilities for internal AML controls

Address

The programme will be held on campus at SmartCity Malta, SCM01, Ricasoli.

Learning Outcomes

Upon completion of this programme, learners will be able to:

  • Make informed decisions to identify the risk profile of different clients based on research of available options
  • Understand national legal and regulatory frameworks
  • Take an AML/CFT risk-based approach to managing risks
  • Prepare to take initial and ‘ongoing’ Customer Due Diligence (CDD)
  • Monitor activity and transactions
  • Recognize and report suspicions
  • Identify the vulnerabilities of specific services and products