MSc in Financial Crime Risk and Regulatory Compliance
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Course Overview:
The MSc in Financial Crime, Compliance, and Risk Management is a specialised postgraduate programme designed to equip students with the expertise to tackle financial crime, ensure regulatory compliance, and manage risk effectively within financial institutions and corporate organisations. This course is particularly relevant for students looking to advance in regulatory, financial, and legal sectors.
Programme Highlights:
✅Financial Crime Prevention – Understanding fraud, money laundering, bribery, corruption, and cybercrime.
✅Regulatory Compliance – Exploring UK and global regulatory frameworks, including FCA, PRA, AML (Anti-Money Laundering), FATF, and GDPR.
✅Risk Management Strategies – Identifying, assessing, and mitigating risks in banking, insurance, and corporate sectors.
✅Corporate Governance & Ethics – Examining governance structures, ethical decisionmaking, and regulatory obligations.
Why Choose This MSc?
✅Comprehensive Expertise – Covers fraud, money laundering, cybercrime, corruption, and financial risk management.
✅Industry-Relevant Learning – Developed by ReTRRAC® with insights from global compliance experts.
✅Career-Focused Approach – Prepares students for roles in banking, regulatory bodies, and risk consulting.
✅Global Compliance & Risk Review – Addresses financial crime challenges across multiple jurisdictions.
Who Should Apply?
🎯Graduates or Diploma students from business management, business studies, business administration, or finance backgrounds aiming for compliance careers.
🎯Finance and banking professionals seeking expertise in compliance & risk review.
🎯Legal and regulatory professionals handling financial crime investigations.
Module I: Banking & Financial System
This module examines the modern techniques for managing financial crime risks in the context of money laundering, terrorist financing, proliferation financing, sanctions and organised crime. At the end of this module, the staff will get an understanding of the riskfactors that can impact the business and their client relationship.
Topics:
1.1. Financial System
1.2. History & Evolution
1.3. Present Scenario
- Banking
- Types Of Banks & Products
- Banking Regulators
- Central Bank
- Retail, Commercial & Corporate Banks
- Concentration Accounts
- Investment Banking Products – Third Party Products
- Correspondent Banking & Trade Finance
Module II: Financial system and Risk
This module examines modern techniques for managing financial risks in the context of money laundering, terrorist financing and sanctions. At the end of this module, the students will get an understanding of the risk factors that impact a client relationship.
Topics:
2.1 What Is Risk
2.2 Correlation Between Financial System and Risk
2.3 Understanding Money Laundering (Ml), Terrorist Financing (Tf) & Sanctions
2.3.A. What Is Money Laundering
2.3.B. Stages of Money Laundering
2.3.C. Banking & Financial Products Susceptible To Money Laundering
2.3.D. Terrorist Financing
2.3.E. Sanctions
2.3.F. Sectoral Understanding of Ml/Tf Risks
- Banking Industy and Risks
- Securities Risks Associated with the Securities Market
- Top Financial Crime Cases in Securities Market
- Risks Associated with Insurance
- Risks Associated with Non-Banking Financial Companies
- Risks Associated with Mortgage Companies
- Risks Associated with Credit Unions & Building Societies
- Risks Associated with the Fintech Industry
- Risks Associated with Cryptocurrency
- Risks Associated with Collective Investment Schemes
2.3.G. Industries Exposed to ML/TF.
- Casinos
- Dealers In High Value Items
- Travel Agencies
- Real Estate & Construction Industry
- Financial Gatekeepers – Accountants & Lawyers
2.3h. Case Studies On Top Financial Crime Penalties
Module III: Regulations & Compliance
This module explains the role of regulations in stabilising a financial system and minimising the adverse impacts and contagion effects implicit in any financial crisis, particularly when the financial systems are globally interconnected. At the end of this course, the students will have an indepth knowledge of the global regulations and their application in the risk review assessment.
Topics:
3.1 Overview of The Legal System
- Types of Law
- Types of Legal Systems
- Parallel Proceedings
- Punishments & Penalties
3.2 International Regulations on Money Laundering, Terrorist
- Financing & Sanctions
- Financial Action Task Force
- Egmont Group
- World Bank & International Monetary Fund
- Office of Foreign Assets Control
- Proceeds of Crime Act
- Bank Secrecy Act
- Financial Crime Enforcement Network
- Us Partiot Act
- EU Directives
- Financial Conduct Authority
- Hong Kong Monetary Authority (HKMA)
- Monetary Authority of Singapore (Mas)
- Austrac
- Foreign Account Tax & Compliance Act
- Financial Intelligence Units
- United Nations Office on Drugs and Crime
- Prevention of Money Laundering Act (India)
Module IV: Risk Assessment
This module elaborates on the omnipresence nature and increased complexity of risks as a result of globalisation and interconnectedness of banking and financial markets across countries. At the end of this course, the students will gain practical knowledge and understanding of the global minimum standards as well as country/region specific due diligence requirements.
Topics:
4.1. Concept of Due Diligence
- Client Life Cycle
- Customer Identification Programme
- Review Types
- Customer Due Diligence
- Enhanced Due Diligence
- Simplified Due Diligence
- Lines of Defence
4.2 Risk Identification & Assessment
- Understanding Risk
- Assessing Customer Risk
- Risk Identification
- Geography (High Risk & Offshore Countries)
- Product Risk
- Industry Risk
- Customer Risk
- Politically Exposed Persons
- Beneficial Ownership
- Source of Funds
- Source of Wealth
- Complex Structures
4.3. Special Risk Factors
- Watch Lists & Sanctions Screening
- Predicate Offences
- Alert Adjudication & Discounting
- Pep Screening Requirements
- Name Screening
4.4 Risk Rating Methodology/ Risk Model
4.5 Risk Mitigation
4.6 Risk Monitoring & Controls
4.7 Record Maintenance & Reporting
4.8 Suspicious or Unusual Transaction Monitoring & Reporting
4.9 Aml Programme
- Roles & Responsibilities of a Compliance Officer
- Training
- Attributes of an Effective Aml Programme
- Specimen of an Aml Policy
4.10 Customer Identification Programme
4.11 Entity Type Guidance
- Individuals
- Partnerships
- Sovereign Government/Sovereign Wealth Funds
- Private Limited
- Listed
- Regulated
- Funds
- Special Purpose Vehicle
- Trusts & Foundations
- Money Services Business
- Fintech
- Cryptocurrency
Module V: Leadership and Management
This course prepares you to be a leader and gives you an understanding of different leadership styles. At the end of this course, the students will learn the tips and techniques of problem solving, change management and leadership skills.
Topics:
5.1 What Is Leadership
5.2 Styles of Leadership
5.3 What Is Management
5.4 Styles of Management
5.5 How to Be an Empathic Leader
5.6 Change Management
5.7 How to Deal with Resistance
5.8 Art of Problem Solving
5.9 Ideation Techniques
5.10 Creative Thinking With De Bono Six Thinking Hats
5.11 Creative Thinking by Probing
5.12 How to Deal with Different Countries – Stakeholder
Module VI: Investigations
In this module, students will understand the different channels through which financial organisations receive information to initiate investigations and will learn the steps they should take to ensure thorough and effective investigations are conducted. They will also learn how to manage peer to peer communications and media relations during an investigation.
Topics:
6.1 What Is an Investigation
6.2 Sources of Investigation
6.3 Conducting an Investigation
6.4 Investigations Initiated by Law Enforcement
6.5 Responding to a Law Enforcement Investigation
6.6 Cooperating with the Law Enforcement
6.7 Responsibility of Employees During an Investigation
6.8 Media Relations
6.9 Role Play