
There is something almost mystical about correspondent banking but its actually very simple.
And, at its heart, ancient.
In the increasingly fragmented world of payments, the old principles are being overlooked by banks anxious to grab a piece of the action from the upstarts.
As they, and regulators, scramble to think up new ways of assessing and managing risk, they are forgetting that they already know how.
This course explains the risks and compliance issues facing both sides - the provider of top-level banking services and those making use of them.
To understand correspondent banking and we need to understand how clearing systems work and how they developed over thousands of years.
And when we understand that, we find that we also understand the world of remittances.
In this course, we study all of these, and more, to provide a uniquely holistic comprehension not only of how the systems work but what risks they provide for both users and providers.
We also look at how correspondent banking became so demonised and the steps taken to identify, contain and control the risks that it presents while preserving the essential services that it provides to all those who have a need to make international payments or inter-bank payments in a currency other than their own.
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Course level: Senior
Language: English
Test: yes
Course award Certificate: Yes
Access to course: unlimited for 12 months; auto-termination at 12 months.
Return to previous pages: Yes
Course certificate validity: one year from the date of completion of the test.
Portable CPD (TM) hours (where recognised): 8 hours
Certification credits: 15
Price (individual): GBP80.00 including UK VAT where applicable.
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