Course description
Introduction to Protecting Client Money
Recent high profile fraud cases and continued regulatory scrutiny have highlighted the importance of understanding the key principles of safeguarding client money and assets. The rules are complex and you need the right skills to apply them effectively.
This course covers this technical area in an accessible, easily understandable way., focusing on the principles, practical examples, and taking a closer look at the Financial Conduct Authority (FCA) CASS rules to help bring the concepts to life.
By the end of the course, you will be able to:
- Understand the key principles in managing client monies and assets effectively
- Discover why insolvency drives the need to protect customers
- Learn why company and customer monies should be separated, as well as how and what to separate
- Explain the basics for good organisational arrangements and understand the fundamentals of banking and custodian relationships
- Describe the basics of registration and recording of legal titles and the importance of segregation and the role of diversification
- Know the steps to take when reconciling accounts and understand how to protect monies and assets during transactions.
Upcoming start dates
Suitability - Who should attend?
This practical, knowledge-based course is ideal for:
- Anyone in a supervisory first-line role with responsibility for processes that handle client money including those at outsourced administrators
- Those in business control teams, compliance advisory and compliance monitoring staff with oversight of client money and custody operations
- Internal audit staff
- Individuals aspiring to a career involving the CASS oversight function
Course delivery details
- Self-paced online (you will have access to the course for 1 month)
- End of course quiz to test your understanding
- Downloadable certificate of completion
Expenses
Course fee: £250
Exclusive qualification discounts for ICA Professional and Fellow Members
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International Compliance Association
Creating Compliance Leaders The International Compliance Association (ICA) is a professional membership and awarding body. We are the leading global provider of professional, certificated qualifications in anti-money laundering; governance, risk and compliance, KYC and financial crime prevention. These qualifications are...
