Anti-Money Laundering and Fraud Administration

Recognition of Achievement

Related Studies



Overview

This program is designed to help students acquire the knowledge and skills required for fraud prevention and the fight against money laundering. This Recognition of Achievement is designed for individuals who are members of a reporting entity or looking to learn about detection and prevention of criminal behavior commonly used against reporting entities. It also covers the applicable local and international laws and regulations. The courses will cover a comprehensive list of anti-money laundering and fraud topics, analysis, monitoring, governance, detecting, responding and regulatory reporting requirements.

Information Session

New students are invited to attend an information session.

Entry Requirements

Ontario Secondary School Diploma (OSSD) or equivalent, or 19 years of age or older.


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Curriculum

Mandatory Course

FCA102
Anti-Money Laundering Administration
Availability
 

The international financial services community is working closely with the government and police force at all levels to contain efforts by organized crime and terrorist groups to launder money and use the financial services system as a conduit for the illicit transfer of funds from the proceeds of crime. The Canadian government has put legislative mechanisms in place and established a financial intelligence unit, FINTRAC, to monitor compliance. This course will teach students about Anti-Money Laundering management programs that are in conformance with Canadian and international regulatory requirements.




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Elective Courses (select 2 from the list of 3)

FCA170
Detection and Prevention of Fraud
Availability
 

Detecting fraud, even for a seasoned professional, is not always easy, and preventing it can be twice as challenging. Students learn how to use analysis tools (Fraud Triangle) to detect fraud and prevent fraud from occurring. Students also explore the aspects of internal control and the theories available to assist in fraud detection and prevention. They examine how an internal audit function within a company can assist the organization in detecting and preventing fraud by utilizing such tools as an ethics hotline.




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FCA172
Money Laundering and Asset Tracing
Availability
 

Money laundering and asset tracing are common economic crimes. Students learn how criminals conceal their illegally obtained gains and convert them into untraceable assets. They are introduced to the international controls and regulations in place to prevent and detect potential sources of money laundering. Students examine various methods and techniques of tracing assets.




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FCA173
Governmental, Small-Medium Enterprise and Not-For-Profit Frauds
Availability
 

Students learn about government, small medium enterprise (SME) and not-for-profit (NFP) frauds including: contract rigging, funding entitlement programs, fictions or double billing schemes, and kick back affect, cash larceny and skimming schemes. In addition to learning the characteristics and types of SME and NFP organizations, students are exposed to how internal controls and the Board of Directors play an integral role in the prevention of NFP and SME frauds. Students review recent government frauds and attempt to determine the cause and how they could be prevented in the future. They also learn the characteristics and types of SME frauds and how they differ from frauds against large government and private organizations.




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Program Outcomes

Upon successful completion of this ROA, students will be able to:

  • Describe what money laundering is and how it affects financial institutions
  • Interpret and explain money laundering regulations
  • Identify behaviours that may indicate activities of money laundering
  • Evaluate different techniques to prevent money laundering

Graduates are strongly encouraged to pursue their CAMS and CFE certification. For more information, please visit:

Program Contacts

Adriana Ceballos
Part-time Coordinator
adriana.ceballos-carrillo@senecacollege.ca


Information Session

New students are invited to attend an information session.