Summary

This course examines the 2019 Standard Chartered scandal - a high-profile case where the bank was fined $1.1 billion for severe anti-money laundering (AML) and sanctions compliance failures. Learners will review the factual background of the case, understand how internal control and oversight shortcomings allowed illicit transactions to occur, analyse the penalties and corrective measures imposed by regulators, and learn how to apply these lessons to strengthen their own AML frameworks.

This course is one of several courses within the Professional Certificate in Risk Management. If you wish to achieve this award, you must complete this course along with all other mandatory courses in the associated learning plan.

Audience

Designed for C-Suite executives in financial services, including CEOs, Chief Risk Officers (CROs), Chief Compliance Officers (CCOs) and Board members including NEDs. Also aspiring executives and senior managers.

Course Objectives

• Describe the factual background and timeline of the Standard Chartered money laundering scandal

• Explain the internal and external failings that contributed to inadequate AML controls

• Outline the regulatory actions and penalties imposed, including the $1.1 billion fine

• Identify key risk management and compliance lessons from the scandal

• Analyse real-world case studies that illustrate similar AML challenges

• Apply best practices and strategies to enhance AML systems in their own institutions

• Demonstrate understanding through scenario-based multiple-choice questions

Course Structure

• Section 1: Factual Background

• Section 2: Analysis of Failings and Regulatory Oversight

• Section 3: Regulatory Actions and Penalties

• Section 4: Lessons Learned and Best Practices

• Section 5: Case Study Aspects - Standard Chartered Analysis

• Summary

• Knowledge Evaluation

Duration & CPD Hours

This course should take you between 60 and 90 minutes, depending on your pace of learning. Additionally, this course is accredited by The CPD Certification Service and carries 1.5 CPD hours.