IT 499 Unit 1
IT 499
Unit 1
Betsy Paneque
The two specific certification or professional developments of my choice are a BSA certification and a certification in Certified in Risk and Information Systems Control (CRISC). In the following paragraphs I will identify the programs, cost, and potential timeframe to complete each professional development item. The AMLCA certification is a program that prepares you to identify and examine the major money laundering risks a financial institutions faces. It trains you to establish, implement and enhance internal controls, policies, procedures, and processes to meet relevant regulatory requirements and mitigate AML risk. Finally, trains you to identify, investigate, and properly report suspicious activity. The program consists of the following modules:
Module I: From Anti-Money Laundering to Counter Terrorist Financing
Module II: From Theory to Practice: A Risk-Based Approach to AML
Module III: Mitigating Risk with Internal Controls
Module IV: Finding the Red Flags of Money Laundering: Monitoring, Identifying, Investigating, & Reporting
Module V: Preparing For Audits & Regulatory Examinations
Module VI: Training & Communicating with Boards and Management
The exam consists of 100 comprehensive questions that must be completed within 1 hour and 45 minutes. The student must pass the exam with a 75% or higher mark and will receive the prestigious FIBA AMLCA Certification. The program is designed for self-directed independent study through online, and gives participants the flexibility to work at their own pace when completing the reading requirements, power point narratives, discussion questions, practice quizzes, and the examination. The online format utilizes a unique discussion forum in which we answer case-study questions and interact with classmates and the instructor. The only requirement is that all of the work be finished within a 12-week period. To maintain the certification in active status, attendees are required
Unit 1
Betsy Paneque
The two specific certification or professional developments of my choice are a BSA certification and a certification in Certified in Risk and Information Systems Control (CRISC). In the following paragraphs I will identify the programs, cost, and potential timeframe to complete each professional development item. The AMLCA certification is a program that prepares you to identify and examine the major money laundering risks a financial institutions faces. It trains you to establish, implement and enhance internal controls, policies, procedures, and processes to meet relevant regulatory requirements and mitigate AML risk. Finally, trains you to identify, investigate, and properly report suspicious activity. The program consists of the following modules:
Module I: From Anti-Money Laundering to Counter Terrorist Financing
Module II: From Theory to Practice: A Risk-Based Approach to AML
Module III: Mitigating Risk with Internal Controls
Module IV: Finding the Red Flags of Money Laundering: Monitoring, Identifying, Investigating, & Reporting
Module V: Preparing For Audits & Regulatory Examinations
Module VI: Training & Communicating with Boards and Management
The exam consists of 100 comprehensive questions that must be completed within 1 hour and 45 minutes. The student must pass the exam with a 75% or higher mark and will receive the prestigious FIBA AMLCA Certification. The program is designed for self-directed independent study through online, and gives participants the flexibility to work at their own pace when completing the reading requirements, power point narratives, discussion questions, practice quizzes, and the examination. The online format utilizes a unique discussion forum in which we answer case-study questions and interact with classmates and the instructor. The only requirement is that all of the work be finished within a 12-week period. To maintain the certification in active status, attendees are required