Financial Crime Prevention Strategies in Ireland: New Certificate Offers Professionals Key to Success
A New Level 9 Qualification from University College Dublin (UCD)
In response to the growing threat of financial crime and money laundering cases in Ireland, a new professional certificate has been designed to equip compliance professionals with the skills and knowledge needed to prevent fraud and white collar crime. The Professional Certificate in Financial Crime Prevention is the first of its kind in the country, offering a level 9 qualification on the National Framework of Qualifications.
Developed with Industry Experts
The certificate was developed in consultation with the Garda Bureau of Fraud Investigation and the Suspicious Transactions Unit in the Office of the Revenue Commissioners. This ensures that it meets the highest standards in financial crime prevention.
Target Audience
This program is designed for compliance professionals, including those holding the role of Money Laundering Reporting Officer (MLRO) or Head of Compliance. These individuals are responsible for preventing financial crimes and need to develop a proactive approach to prevent fraud and money laundering.
Core Module: Financial/White Collar Crime Prevention
- Examines various forms of financial crime
- Provides best practices for managing and controlling risks
- Teaches how to develop a proactive approach to prevent fraud and money laundering, safeguarding individuals and corporations from financial losses
Eligibility Criteria
To be eligible for the program, applicants must:
- Hold an honors degree in a relevant field
- Have significant professional experience in fraud, risk, or compliance
- Be current members of the Compliance Institute
Program Details
The certificate is available online, with lectures delivered across five Saturdays in one trimester. The application deadline is January 26, 2024, and enrollment dates will be announced shortly.
Benefits
Upon completion of the program, participants may also be eligible for Continuous Professional Development (CPD) hours, which can help maintain designations managed by the Institute of Banking.
Contribution to a Safer Financial System
As financial crime continues to pose a significant threat to individuals, communities, and the public at large, this new certificate offers professionals in Ireland a crucial tool in preventing fraud and money laundering. By equipping compliance professionals with the necessary knowledge and skills, UCD aims to contribute to a safer and more secure financial system for all.