A new qualification designed to recognise professional standards in money laundering prevention has been launched by the British Bankers’ Association (BBA) in partnership with the International Compliance Association (ICA) and the University of Manchester Business School. The Diploma in Anti Money Laundering, Dip (AML) will provide Money Laundering Reporting Officers and others carrying out similar functions with evidence of professional competence, thus helping their own career progression. The course can be completed through a flexible distance learning programme in one academic year through an integrated study format consisting of study manuals, on-line support systems and workshops, said the BBA. A formal examination then provides successful students with the designation Dip (AML) and eligibility for membership of the International Compliance Association (MICA). An alternative qualification of Certificate in Anti Money Laundering Awareness is also available. According to the BBA this is aimed at all staff whose employment requires them to understand the threats posed to financial services business by criminally derived property.
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