Description
The Specialist Certificate in Financial Crime Risk in Mobile Financial Services certificate equips professionals with the tools and knowledge to understand and manage financial crime risks within the mobile financial services (MFS) sector. The course covers essential financial crime concepts, mobile financial services development, and practical techniques for managing risks and ensuring compliance with regulatory requirements.
This course is aligned to the SAQA Framework (NQF Level 4) and the UK QAA Framework (Level 2). Learners will receive a qualification from SAQA and the Alliance Manchester Business School via the International Compliance Association.
Next cohort: 30 June 2025 (4-month instructor led online course).
Who Should Enroll?
- •Compliance officers, risk managers, and financial crime professionals working in mobile financial services and related sectors.
- •Professionals from financial institutions, fintech, and mobile payment service providers.
- •Regulatory authorities, auditors, and financial crime prevention experts focused on mobile finance.
- •Individuals involved in anti-money laundering (AML), counter-financing of terrorism (CFT), and fraud detection in digital financial services.
Why Choose This Course?
- •Understand the key financial crime risks associated with mobile financial services (MFS).
- •Gain practical insights into managing financial crime in a rapidly evolving mobile financial ecosystem.
- •Learn the risk-based approach and how to assess, mitigate, and manage risks effectively.
- •Understand the international legal and regulatory context, including how to apply customer due diligence (CDD) and identify suspicious activities.
- •Stay ahead of trends and emerging financial crime typologies within MFS.
- Unit 1: Essential Financial Crime Concepts
- •What is money laundering?
- •Identifying suspicious activity
- •Customer Due Diligence (CDD)
- •The risk-based approach
- •Money laundering and terrorist financing
- •Understanding sanctions
- •Understanding fraud
- Unit 2: Fundamentals of Mobile Financial Services
- •Defining Mobile Financial Services (MFS)
- •Factors in MFS development
- •The international legal and regulatory context
- •Jurisdictional examples
- Unit 3: Mobile Financial Services in Practice
- •How mobile money works
- •Business models
- •Wider MFS products
- •Vulnerabilities
- •Risk factors
- •Sanction and PEP vulnerabilities
- •Financial crime trends and typologies
- Unit 4: Mobile Financial Services and the Risk-Based Approach
- •Assessing risk and applying the risk-based approach
- •MFS risk assessment and perceptions
- •New payment methods risk matrix
- •Segmentation of services
- •Third-party risks
- •Training
- •Reviewing AML and CFT systems
- Unit 5: Mobile Financial Services and Customer Due Diligence
- •What is the goal of an effective customer due diligence (CDD) programme?
- •Simplified CDD vs enhanced due diligence
- •When should you carry out CDD?
- •CDD under the risk-based approach
- •Determining the source of wealth and funds
- •Maintaining up-to-date CDD and record keeping
- •Regulatory examples
- Unit 6: The Future of Mobile Financial Services – Advances and Regulations
- •The future of mobile financial services
- •Industry actions
- •Interoperability and cross-border solutions
- •Technology advancements and challenges
- •Advances and disadvantages in mobile financial services
- •Financial inclusion, integrity, and regulation
Enroll today in the Specialist Certificate in Financial Crime Risk in Mobile Financial Services.Â
