IATI Diploma case studies
IATI Diploma · Put your knowledge to work in context.
The IATI Diploma is a professional qualification in anti-money laundering and counter-terrorist financing, aimed at practitioners who need working command of compliance rather than a purely academic overview. Candidates typically come from banks, payment and fintech firms, insurers, asset managers, law and accounting practices, and the compliance functions that support them. The syllabus is organised around eight domains: AML/CTF fundamentals; international standards and frameworks; risk assessment and the risk-based approach; customer due diligence and KYC; enhanced due diligence and high-risk relationships; transaction monitoring and suspicious activity reporting; sanctions and targeted financial sanctions; and governance, programme design and internal controls. The exam is multiple choice, so success depends less on memorising definitions than on recognising which control, threshold or reporting obligation applies to a described scenario. The IATI Diploma case studies are 5 cases and about 2,436 words.
1High-Value Cash Deposits and Structured Patterns
You are the MLRO at a mid-sized retail bank. A, has a personal current account that typically receives a monthly salary of £2,500 and occasional small transfers.
429 words, about 2 min2PEP Relationship and Source of Wealth
A private banking client, Ms. B, is a foreign government official (Minister of Energy) from a country with a high corruption perception index.
519 words, about 3 min3Trade-Based Money Laundering Red Flags
You are a compliance officer at a bank that provides trade finance services. A customer, XYZ Trading Ltd, has been importing electronic goods from a supplier in a higher-risk jurisdiction.
473 words, about 2 min4Sanctions Screening Hit and False Positive
You are a sanctions compliance analyst at a global bank. The automated screening system flags a payment from a customer, Mr.
518 words, about 3 min5Internal Controls and SAR Filing Decision
You are the head of compliance at a small community bank. The bank has a manual transaction monitoring system: staff are expected to review daily reports of cash transactions over 10,000 and flag any suspicious activity to the compliance officer.
497 words, about 2 min