Middlebury Institute of International Studies at Monterey

The Institute’s 16-credit specialization addresses the growing market need for professionals to prevent, detect, and manage illicit finance. This program is also delivered as a stand-alone certificate for non-degree students. 

Competencies

Financial Crime Management students will:

  • Uncover financial crime in public, private, and nonprofit contexts.
  • Analyze organizations’ cyber risks relating to financial crimes, and help organizations take measures to prevent them.
  • Help organizations make effective use of information technology in financial crime compliance.
  • Ensure conformity to laws regulating financial crimes, such as the Bank Secrecy Act, Foreign Corrupt Practices Act, Foreign Account Tax Compliance Act, Sarbanes Oxley Act, and Office of Foreign Assets Control sanctions, as well as non-U.S. laws such as the U.K. Bribery Act, and international standards issued by the Financial Action Task Force.
  • Communicate financial crime analyses in clear, direct, jargon-free style via written, verbal, and visual schematics.
  • Identify violations of laws and regulations in the context of organized crime, corruption, terrorism, and WMD proliferation, and work to proactively thwart such acts.

Curriculum

Core classes are offered in the spring semester with electives available during the spring and fall semesters and winter term. Institute students in the Graduate School of International Policy and Management (GSIPM) can integrate these courses into their schedule. Students lacking sufficient elective credits may complete a certificate in Financial Crime Management after they graduate.

Non-students who meet our admissions requirements can complete the 16 credits through full-time residency in the spring semester and receive a standalone certificate in Financial Crime Management.

The specialization consists of 16 credits (6 core credits and 10 elective credits).

The following core courses give students a strong foundation in the field of financial crime:

  • Money Laundering and Trade-Based Financial Crimes (2 credits)
  • Legal Aspects of Compliance (2 credits)
  • Financial Investigations and Compliance Management (2 credits)

Students can choose 10 credits from the following elective courses:

  • Intro to Network Analysis (4 credits)
  • Financial Statement Fraud Detection (2 credits)
  • Accounting and Fraud Prevention for Small Businesses (1 credit)
  • Fraud Data Analytics (3 credits)
  • Terrorism Financing (1 credit)
  • Law, Sanctions & Nonproliferation Policy (1 credit)
  • Strategic Trade Controls & Nonproliferation (4 credits)
  • Fundamentals of Cybersecurity (2 credits)
  • Cybersecurity Governance (4 credits)
  • Cyberwar (1 credit)
  • Human Trafficking (1 credit)
  • Teaching Cybersecurity (4 credits)
  • International Law and Cyber Incidents (2 credits)
  • Threat Financing (4 credits)

Career Outcomes

A graduate degree from the Institute, combined with this specialization, will qualify students for careers in the growing field of financial crime management, including the following:

  • Financial crime investigations analyst at a financial institution
  • Compliance manager at a financial institution
  • Head of compliance at an NGO
  • Corporate transparency advocate with an NGO
  • Analyst in the Treasury’s Office of Terrorism and Financial Intelligence
  • Investigator/analyst in the FBI
  • Analyst in the World Bank’s Integrity Unit or StAR (Stolen Asset Recovery) Initiative

Our recent alumni have pursued careers in both the private and public sectors, with salaries that start between $70K and $100K. Many of these alumni work in financial crime investigative units of large banks such as Wells Fargo, HSBC, JPMorganChase, BNP Paribas, First Republic Bank, Charles Schwab and Western Union. Other alumni have headed up compliance divisions of e-commerce companies like AirBnB. Some work for research and data analytics departments at major financial institutions or conduct due diligence investigations for consulting companies like SteeleCIS. Still others oversee anti-money laundering audits on behalf of consulting firms like PwC and Deloitte. In government, graduates work at FinCEN (Financial Crimes Enforcement Network), OFAC, Main Treasury, CIA, FBI, DEA (Drug Enforcement Agency), GAO (Government Accountability Office), DIA (Defense Intelligence Agency), and UNODC (UN Office of Drugs and Crime), specifically working on financial crime or threat finance.

Certificate Admissions Requirements

Individuals interested in the standalone certificate should have a graduate degree or a bachelor's degree plus work experience in relevant areas like law, law enforcement, intelligence analysis, and data analysis.

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