24
GRADUATE PROGRAMS, DEPARTMENTS AND COURSES Anti-Money Laundering Certificate – Online Program Director: Musa Tuzuner, PhD
INTRODUCTION The graduate certificate in Anti-Money Laundering (AML) is based on compliance requirements and guidelines from US and international laws and regulations, and international organizations. The program is designed from the risk-based approach that is identifying and rating the money laundering risk, developing compliance programs and rating its effectiveness, calculating the residual risk, and designating necessary sources to mitigate the risk. It provides the essential knowledge and capabilities for working professionals and non-working individuals who want to develop themselves with the expertise in the AML professional field. The curriculum and learning objectives are aligned with current AML and financial crime certifications offered by professional associations. AML is a 12-credit certificate program that can be completed in one year. Courses will be offered in a 7-week format. The certificate is delivered online. The length of the program will be two semesters by taking two courses per semester.
CERTIFICATE OUTCOMES After the certificate, the participants will be able to: 1. Describe the theoretical and foundational applications of money laundering and terrorism financing process and create a money laundering case report. 2. Identify and compare the roles of national and international antimoney laundering laws, regulations, and standards and build an AML compliance program/regime/system in sectoral, national, regional, and global level.
3. Assess money laundering and terrorism financing risk in terms of customer, geographic location, products and delivery channels, and create a risk assessment report for financial sectors and countries. 4. Analyze the essential elements of AML program/regime/system and develop recommendations about how effectively AML program/regime/system would be strengthened to successfully mitigate the risk.
COURSE DESCRIPTIONS GAML 502 Anti-Money Laundering 3 credits This course emphasizes monitoring, detecting, reporting and prevention of money laundering (ML). It explores the foundations of AML, national and international laws and regulations, conducting and supporting investigation processes, and compliance, sanctions and regulatory developments. Students will develop analytical and practical skills of examining failures/vulnerabilities of the AML system which will help build an effective AML compliance system GAML 503 Risk Assessment and Management 3 credits This course is designed to provide students with important components of AML risk governance structure, essentials of AML risk-based approach, practical skills of how to build a country level and financial sectoral level risk assessment report, and how to manage the residual money laundering risk. GAML 605 Counterterrorism Financing 3 credits The 9/11 terrorist attacks brought significant financial and security challenges to policymakers for the formulation of the policy solutions for countering terrorism. The governmental efforts, aka treasury war, against terrorist financing made counterterrorism financing an essential part of the AML field. This course is designed to provide students with the knowledge of how terrorism works, how terrorist organizations move their funds, and how to build an effective CTF compliance regime.
