Singapore University of Social Sciences

Financial Crime Compliance

Financial Crime Compliance (FIN573)

Applications Open: 01 April 2020

Applications Close: 31 May 2020

Next Available Intake: July 2020

Course Types: Certificate Course, Modular Graduate Course

Language: English

Duration: 6 months

Fees: $2200 View More Details on Fees

Area of Interest: Compliance

Schemes: Alumni Continuing Education + (ACE+), Lifelong Learning Credit (L2C), Resilience 2020

Funding: SkillsFuture

School/Department: School of Business


FIN573 Financial Crime Compliance introduces students to the regulations, trends and practical challenges in the space of anti-money laundering, countering the financing of terrorism (AML/CFT) and combating financial crime. It adopts a realistic approach by sharing with students actual industry practices, and challenges, as well as how new business models such as peer-to-peer lending platforms and technology such as artificial intelligence and machine learning impacts financial crime compliance. Through case studies and scenarios a Compliance Officer faces at work and interactions with industry practitioners, students will learn to identify and analyse compliance-related issues, and learn to apply their knowledge in a practical manner to solve problems and/or offer sound advice to stakeholders.

Level: 5
Credit Units: 5
Presentation Pattern: Every July


  • Financial Action Task Force (FATF), CDSA, TSOFA and MAS Notice 626
  • Customer Due Diligence (CDD)
  • Periodic Review
  • Name screening
  • Impact of technology on name screening and global payments and transfers
  • Correspondent banking
  • Wire transfer requirements
  • Transaction Monitoring
  • Filing of suspicious transaction reports
  • Impact of technology such as artificial intelligence and machine learning on transaction monitoring
  • Employee Screening
  • Performing an enterprise-wide AML risk assessment

Learning Outcome

  • Differentiate between money laundering and terrorism financing
  • Evaluate the application of the key components of financial crime-related regulations and the MAS AML/CFT Notice and Guidelines
  • Construct basic due diligence, periodic review, ongoing review and transaction monitoring work
  • Question suspicious behavior and/or transactions
  • Evaluate various AML/CFT-related scenarios and propose feasible solutions
  • Appraise the practical challenges in AML/CFT work
  • Evaluate the impact that new business models and technological advancements have on financial crime compliance
  • Identify and analyse financial crime-related risks in various scenarios
  • Evaluate AML/CFT practices and apply acquired knowledge and understanding to propose a practical solution for stakeholders in addressing financial crime risks
  • Assess and develop compliance solutions that reflect an appropriate balance between business needs and compliance requirements
  • Demonstrate ability to work within a team
  • Demonstrate clear communication and writing skills
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