IATI Diploma study plan

Define money laundering, terrorist financing, and proliferation financing and distinguish the three in writing

Map the three stages of money laundering (placement, layering, integration) onto a plausible banking and a plausible crypto example

List at least ten predicate offences and explain why the predicate-offence list matters to a compliance officer

Explain the roles of the FATF, the Egmont Group, and national FIUs without notes

Summarise the FATF 40 Recommendations by functional group (AML/CFT policies, ML/TF prevention, institutional measures, transparency, international cooperation)

Compare the risk-based approach with the rule-based approach and argue for one in a short memo

Describe the mutual evaluation process and what a 'grey list' or 'black list' listing means for a regulated firm

Identify the key EU, UK, and US statutory instruments and state one distinguishing feature of each

Distinguish customer, product, channel, geographic, and entity-level risk factors and give two examples of each

Build a weighted risk-scoring model and explain how weights and thresholds are calibrated and reviewed

Perform a business-wide risk assessment for a hypothetical firm and justify the residual ratings

Explain how a customer risk assessment feeds into CDD intensity and monitoring thresholds

List the four core CDD measures and state what satisfies each in practice

Apply the identification and verification standard to individuals, companies, trusts, and partnerships

Determine when simplified due diligence is permissible and document the justification

Explain beneficial ownership thresholds and how to identify a controlling person through complex structures

Describe when CDD must be completed and what to do when it cannot be

Define PEPs, RCAs, and family/close associates and apply the definitions to borderline cases

Design an enhanced due diligence process for a high-risk customer including source of funds and source of wealth

Explain senior management approval, ongoing monitoring, and periodic review requirements for high-risk relationships

Assess the risks of correspondent banking, new technologies, and offshore structures and justify the mitigation for each

Distinguish rules-based, scenario-based, and behavioural monitoring and state the strengths of each

Set and tune alert thresholds and describe how to measure false positive rates

Explain the red flags for structuring, trade-based laundering, and mule accounts

Draft a STR/SAR narrative following the who, what, when, where, why, and how structure

State the tipping-off prohibition and the internal escalation timeline

Distinguish sanctions screening from AML/CFT screening and explain the legal basis for targeted financial sanctions

Describe asset freezing obligations, the meaning of 'without delay', and the reporting duties that follow a match

Explain ownership and control tests in sanctions screening and the treatment of 50 percent rules

Design a screening process covering onboarding, ongoing screening, and list updates with named controls

Draft the components of an AML/CFT compliance programme including policies, training, independent testing, and a designated compliance officer

Explain the three lines of defence and the board's role in oversight

Review all prior deliverables and close the gaps flagged in earlier self-assessments

Complete two timed practice exams and analyse every incorrect answer by domain