COMBATING FINANCIAL CRIME – ONLINE

COMBATING FINANCIAL CRIME – ONLINE

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UK Qualification – Available in Romania, only at RBI – Global recognition

The Romanian Banking Institute – RBI’s mission is to raise the level of knowledge and experience of all finance professionals in Romania and thus we are contributing to building a culture of compliance awareness and management that is vital to ensure financial success in all areas.

Starting 2014, RBI became the only training provider in Romania to offer courses leading to qualifications issued by the Chartered Institute for Securities and Investments (CISI), UK. For this project RBI partnered with École Supérieure des Affaires – ESA – accredited by CISI – to bring high quality training programs for CISI qualifications.

CISI is the largest and most widely respected professional body for those who work in the securities and investment industry in the UK and in a growing number of financial centres globally.

COMBATING FINANCIAL CRIME – PROGRAM DESCRIPTION

Combating Financial Crime has been developed by international specialists and focuses on how laws, regulations and best practice continue to evolve across the entire spectrum of associated activities. It covers the background and nature of financial crime, predicate offences, money laundering, terrorist financing, corruption, combating financial crime, bribery and the role of the private sector.

The term „white-collar crime” or „financial crime” refers to many different forms of illegal activity. The course will examine the evolution of white-collar crime in the corporate & banking space and how the repercussions of this crime can severely implicate the longevity as well as the reputation of business firms. By the same token, the course will highlight how financial crime is defined and understood in the law and other disciplines; how it is different and similar to other criminal activity; who perpetrates money laundering/terrorism financing crime; who are its victims; what are the costs and how are these costs measured; and how is it investigated, prosecuted, punished and deterred. 

KEY FEATURES

  • Thoroughly tackles the financial crime agenda
  • Takes a global view of transnational crime
  • Illustrates practical defences
  • Free CISI student membership during your studies – become associated with a chartered professional body and take advantage of an extensive range of benefits
  • ACSI designatory letters upon completion

TRAINING PACKAGE

The intensive preparation course offered by RBI in partnership with ESA includes:

  • Study plan for the entire duration of the program (approximately 3 months)
  • Induction course – a teaching phase consisting in four half-days (4 hours each) of virtual classroom training (on the ZOOM platform) introducing the material and explaining the most important concepts in the syllabus
  • Revision course – a review phase consisting in a refresher course of two half-days (4 hours each), also online. In addition, students will sit a mock exam to get them familiarized with exam techniques
  • Tutor support and feedback via e-mail throughout the entire duration of the Program (in addition to the virtual classroom sessions)
  • Lecturer’s own materials
  • CISI issued workbook (CISI original learning manual)

All of the above are included in a very competitive and affordable course fee.

TARGET GROUP

The qualification is suitable for compliance officers and money laundering reporting officers, those involved in regulation, law enforcement, trade and commerce and individuals from bi-lateral development institutions and civil society organisations.

COMBATING FINANCIAL CRIME (CFC) SUMMARY SYLLABUS 

subjects

subjects 1

CFC EXAMINATION SUBJECTS COVERED

The objective of the examination is to ensure that candidates have a basic knowledge of the regulations and practices relating to combating financial crime.

The examination will test candidates’ Knowledge and Understanding of the following elements: 

CFC Exam Subjects

Combating Financial Crime is regulated by the Office of Qualifications and Examinations Regulation – Ofqual UK (on its Regulated Qualifications Framework) as the CISI Level 3 Award in Combating Financial Crime. On the European Qualifications Framework, this equates to a level 4 qualification. For further information visit cisi.org/eqf.

EXAMINATION

The exam for CFC Qualification consists of 50 Multiple Choice Question and lasts for 1 hour, with 70% minimum pass mark.

Candidates sitting the examination by Computer Based Testing will have, in addition, up to 10% additional questions as trial questions that will not be separately identified and do not contribute to the result. Candidates will be given proportionately more time to complete the test.

The examination fee is GBP 223, payable to CISI UK. Before registering for the exam, one must also pay a one-off initial registration fee of GBP 35 (also payable to CISI UK).

The exam is computer-based, and it has to be booked/scheduled online on the CISI website. Exams are sat at the Prometric Center in Bucharest (1B Expozitiei Blvd).

It is recommended that the exam be taken approx. 4 weeks after the review session.

LECTURER

Shawki Ahwash, CAMS

Shawki has been able to carve out a distinguished career profile within the AML/CFT space as a banker assuming a compliance function and as a trainer. In addition to his CAMS designation, Shawki holds a Combating Financial Crime (CFC) certificate from Chartered Institute for Securities & Investment (CISI)-London. Alongside the current MLRO function, Shawki is a lecturer at ESA Business School & speaker at Union of Arab Banks (UAB), ACAMS, and other institutions tasked with countering money laundering and terrorist financing.

As Subject Matter Expert, he has conducted many consultancy training workshops aimed at building and strengthening capacities of FIUs and reporting entities to counter illicit financial flows and mitigate financial crime risks across Europe, MENA, GCC & East Africa regions.

Shawki’s contributions to the anti-financial crime literature are also reflected in his articles published by KYC360-UK addressing a myriad of compliance topics. On the academic level, he holds a Master’s degree in Public Administration from the American University of Beirut (AUB).

LAUNCHING THE 1st SERIES OF THE COMBATING FINANCIAL CRIME PROGRAM: February 2021

APPLICATION DEADLINE: January 22, 2021

PROGRAM DURATION:

February 16, 17, 18, 19, 2021 (Tue – Fri), from 15:00 to 19:00 (Induction course)

and March 23-24, 2021 (Mon-Thu), from 15:00 to 19:00 (Recap)

2 – 3 months of enhanced distance learning with tutor support, also including 24 hours of virtual classroom instruction, divided as 4 x 4 hour days in February 2021, for the Induction course and 2 x 4 hour days in March 2021, for the Recap Course.

The course will be delivered ONLINE, on the ZOOM platform, which can be accessed via an Internet browser.

ENROLMENT DOCUMENTS REQUIRED: Registration form, CV in English, copy of the identity card and the legalized copy of the Bachelor’s Degree, translated into English.

Click here for the brochure.

For further information and enrollment, please contact:

Emilia Frunză

Training Manager
Romanian Banking Institute
3, Negru Vodă Street, sect.3, Bucharest
Tel: 0748.886.834
e-mail: emilia.frunza@ibr-rbi.ro


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