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Course Overview
Recent high profile fraud cases and continued regulatory scrutiny have highlighted the importance of understanding the key principles of safeguarding customers’ monies and assets. The rules are complex and you need the right skills to apply them effectively.
This course covers this technical area in an accessible, easily understandable way.
Course Content
You will study this course in your own time and at your own pace, and you have 1 month to complete it
By the end of this course, you will be able to:
- Understand the key principles in managing customer monies and assets effectively
- Discover why insolvency drives the need to protect customers
- Learn why company and customer monies should be separated, as well as how and what to separate
- Explain the basics for good organisational arrangements and understand the fundamentals of banking and custodian relationships
- Describe the basics of registration and recording of legal titles and the importance of segregation and the role of diversification
- Know the steps to take when reconciling accounts and understand how to protect monies and assets during transactions.
Benefits
This practical, knowledge-based course is ideal for:
- Anyone in a supervisory first-line role with responsibility for processes that handle client money including those at outsourced administrators
- Those in business control teams, compliance advisory and compliance monitoring staff with oversight of client money and custody operations
- Internal audit staff
- Managers and senior staff who want to be more familiar with their regulatory risks under SM&CR (or equivalent regimes), including the CASS oversight officer
Assessment
At the end of this course your understanding will be tested with a quiz and you will be awarded a certificate of completion once the course is complete.
Course Tutor
The International Compliance Association (ICA)
The International Compliance Association (ICA) is the leading professional body for the global regulatory and financial crime compliance community. It is also the provider of internationally recognised, professional, certificated qualifications in anti-money laundering; governance, risk and compliance and financial crime prevention. Being a member of the ICA, a global community, is a mark of prestige and shows that you have reached a standard of excellence in your professional career.
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