Fight Poverty and Crime Through Financial Inclusion
Today, an estimated 1.7 billion people around the world lack access to basic financial services and products – a situation that perpetuates poverty, fuels informal money transfer systems, and leaves populations vulnerable to criminal exploitation. But it doesn’t have to be this way.
By adhering to Financial Action Task Force (FATF) recommendations and the guidance of anti-money laundering experts, banks and other institutions can use a risk-based approach to extend financial access to low-income groups, underserved rural communities, and displaced persons.
Developed by the Royal United Services Institute (RUSI) and ACAMS, with the support of the Bill & Melinda Gates Foundation, this financial inclusion certificate course offers a comprehensive overview of how the risk-based approach to anti-financial crime (AFC) compliance can play a critical role in addressing poverty and fighting illicit finance across the globe. The course outlines the AFC compliance steps, including guidance on onboarding and ongoing due diligence, that can help mitigate the impact of de-risking and other forms of financial exclusion.
Understand the negative impact that financial exclusion has on society and the global fight against financial crime
Implement international recommendations on extending financial access to underserved communities with a risk-based approach to AFC compliance
Establish a financial inclusion strategy within your risk management framework
Explain your risk-based decisions to financial supervisors
Engage with FATF’s mutual evaluation process to drive public-private partnerships aimed at supporting excluded populations
Enhancing Financial Inclusion with a Risk-Based Approach
Who is this financial inclusion certificate course for?
Financial crime analysts and anti-money laundering professionals of all levels
Compliance officers who work in financial institutions and FinTechs
Open-source intelligence analysts
ESG analysts and directors
Civil society organizations engaged in fighting financial exclusion
Online and self-paced
Two hours of coursework
10-question final assessment
Results available immediately
What is financial inclusion?
Financial inclusion is crucial to ensure that individuals and businesses have equal access to appropriate financial products and services. Financial inclusion courses like this one can help you learn how to apply a risk-based approach to compliance controls and expand financial access to underserved populations.
Is there FATF financial inclusion guidance?
The Financial Action Task Force (FATF) recognizes the benefits of financial inclusion in strengthening the implementation of anti-money laundering (AML) and counter-terrorist financing (CTF) measures. You can read more about this topic here.
In the Enhancing Financial Inclusion With a Risk-Based Approach course, you’ll gain an understanding of the role financial literacy plays in enhancing access to products and services. You’ll also learn how institutions can engage with FATF’s mutual evaluation process to drive public-private partnerships aimed at serving excluded groups.
Is this course relevant for someone who works in the FinTech industry?
This course is suitable for those interested in learning more about FinTech financial inclusion. It was created for anti-money laundering (AML) and compliance professionals of all levels working in the financial and FinTech sectors, criminal investigators, open-source intelligence analysts, ESG analysts and directors, sustainability professionals, and others in civil society organizations.