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Master of Arts in Financial Integrity: Combatting Money Laundering

The ILI-SACE - CWRU Master of Arts in Financial Integrity Degree Programme

Why apply to the ILI-SACE - CWRU MAFI?

  • Learn from industry-leading faculty
  • Gain from the comprehensive and practical international curriculum customised to include developments, experiences, and case studies from the African continent
  • Graduate ready to work in the field of financial integrity across all sectors, including international organisations, government, law enforcement, banking, business and consulting
  • Benefit from the opportunity to develop deep and lasting professional associations
  • Study while you work or pursue other opportunities with the convenient weekend classes
  • Benefit, as an ILI-SACE registered student, from the 53% scholarship that will be applied against the standard MAFI fee.

 

The ILI-South African Centre for Excellence (ILI-SACE) and Case Western Reserve University School of Law (CWRU) are pleased to jointly offer the Master of Arts in Financial Integrity (MAFI) programme on the African continent.    

The one and a half year programme – versions of which are also currently held in The United States and Saudi Arabia – provides students with a unique, comprehensive and practical education in all aspects of preventing illicit international financial flows. The ILI-SACE MAFI Africa programme is built around the same successful U.S. programme and is additionally customised to include African perspectives, practices and trends on topics covered, including anti-money laundering (AML), combatting the financing of terrorism, and targeted sanctions, law, policy, compliance and risk management.

The field of financial integrity is diverse, encompassing international standards and domestic rules for combatting money laundering, terrorist financing, weapons proliferation, drug trafficking, human trafficking and other nefarious conduct that can be funded through the misuse of financial systems.  MAFI students graduate ready to work in all sectors of the field.

On successful completion of the ILI-SACE - CWRU MAFI programme, students are issued a degree from CWRU and an ILI-SACE certificate.

 



Industry-leading faculty

The ILI-SACE - CWRU MAFI degree programme is taught by leading academics and practitioners in the field of financial integrity from international and domestic organizations and authorities around the world, who are recognised leaders in the fields of anti-money laundering, counter-terrorism financing and sanction compliance protocols.

As a student in the MAFI programme, you will interact online or in-person[1] with these leading practitioners and academics, including current and former executives from major banks, other financial institutions, and consulting firms, multinational corporations, the International Monetary Fund, the Financial Action Task Force, and various governmental agencies from different parts of the world.

This programme is taught primarily in a highly interactive, face-to-face format both in person and remotely (online)[2]. Students gain exceptional expertise in all aspects of anti-money laundering law, policy, compliance, and risk management. The ILI-SACE - CWRU MAFI degree programme emphasizes professional decision-making and critical analysis. Students to the programme graduate ready to work in the field of financial integrity across all sectors, including international organisations, government, law enforcement, banking, business and consulting.

[1] The August 2021 MAFI cohort will start remotely due to the Coronavirus Pandemic and as soon as conditions permit, and with sufficient notice to students, in-person instruction in Johannesburg, will resume.

[2] See footnote 1

 

Comprehensive curriculum

The ILI-SACE - CWRU MAFI will give you an in-depth, 360-degree understanding of anti-money laundering and financial integrity. You will study administrative law, criminal law, banking law, compliance and risk management, the nature of international monetary flows and a host of other topics necessary to a comprehensive understanding of financial integrity. The curriculum incorporates an international approach, offering for study examples and best practices from around the world while ensuring a focus on experience in African countries.

 

A unique programme for working professionals and full-time graduate students

The ILI-SACE - CWRU MAFI degree programme will begin in August 2021.

The ILI-SACE - CWRU MAFI is run as a weekend programme, designed to take into account working professionals, with classes meeting Thursday through Sunday approximately once a month. Students will earn the ILI-SACE - CWRU MAFI degree in four semesters.

Classes for the August 2021 Cohort  (Central African Time/South African Time):

Thursday       17:00 – 19:00

Friday             08:45 – 18:00

Saturday        09:00 – 18:00

Sunday           09:00 – 12:15

 

List of 2021/22 ILI-SACE CWRU Individual Courses in Financial Integrity:
Date
Course
Registration Due
2021

 

 

12-15 August 2021

Introduction to Financial Integrity

12 July 2021

2-5 September 2021

Introduction to Criminal Law and Procedure

2 August 2021

7-10 October 2021

Proceeds of Crime and Money Laundering

7 September 2021

11-14 November 2021

Money Laundering in Practice

11 October 2021

2-5 December 2021

International AML/CFT Standards

2 November 2021

2022

 

 

20-23 January 2022

Sections and Combatting the Financing of Terrorism and Weapons Proliferation

20 December 2021

17-20 February 2022

Law, Legislation and Regulation in Practice (MAFI)

17 January 2022

17-21 March 2022

Financial Institution AML/CFT Obligations

17 February 2022

14-17 April 2022

Risk Management

14 March 2022

9-11 May 2022

Risk Leadership*

18 April 2022

2-5 June 2022

Supervision and Enforcement of Financial Institution AML/CFT Obligations

2 May 2022

7-10 June 2022

Investigating and Prosecuting Financial Crimes

7 June 2022

4-6 August 2022

New Technologies and AML/CFT Risks

5 July 2022

1-4 September 2022

Selected Topics in Financial Integrity

1 August 2022

* Participants may attend this course remotely or in-person in Cleveland (subject to COVID-19 restrictions)

 

NOTE: Classes will meet via Zoom as mandated by the Coronavirus Pandemic and as soon as will be possible, via in-person sessions in Johannesburg, South Africa*. There will also be one course offered in Cleveland, Ohio, which students may attend in-person or remotely, and that will feature a cultural tour of Cleveland for in-person attendees.

*One of the unique characteristics of the MAFI programme is in-person instruction, which allows our students to interact with leading practitioners and academics in the field, both inside and outside of the classroom.  We have made the difficult decision to begin the August 2021 MAFI cohort remotely due to the Coronavirus Pandemic. Courses will be taught by the same industry leaders. However, at least at first, you will meet them on Zoom.

Please rest assured that as soon as conditions permit, we will resume in-person instruction, and will give you plenty of notice before we switch from remote to in-person instruction.

 

Tuition

The tuition for the programme is charged at $24,200, reflecting a 53% tuition scholarship applicable to ILI-SACE MAFI enrolled students.

The quoted fee does not include any costs for travel, accommodation, or meals during in-person sessions.

 

Admissions Requirements

Students entering the ILI SACE - CWRU MAFI programme should have an undergraduate degree or equivalent, and a demonstrated interest in studying financial integrity, anti-money laundering or a related field. 

In exceptional circumstances, individuals without an undergraduate degree but with extensive professional experience in the anti-money laundering field may be admitted to the programme.

Language proficiency: Applicants whose first language is not English or who have not already been awarded a university degree from a programme that was taught primarily in English must achieve and submit a TOEFL score of 90 or higher, or an IELTS score of 7.5 or higher. CWRU may also use its discretion in assessing language proficiency during the Coronavirus pandemic if it becomes difficult or impossible to obtain the mentioned certificates.

 

Ready to apply?

There is a two-step application process which starts with a submission, to admissions@ili-sace.org, of:

  • your CV
  • copies of your academic qualifications
  • a personal statement of approximately two pages -reflecting your strong commitment to, and interest in, financial integrity, anti-money laundering or related field
  • TOEFL (or equivalent) score if required

This submission must be received before July 10, 2021. Applications received after July 10, 2021 will be considered for the next cohort.

Should your first application step qualify, you will then be invited to complete an online application form with CWRU. If you are accepted into the programme you will be given an offer of admission.  Please note that there is a non-refundable fee of US $500 required when you accept the offer of admission. This fee will be applied to your tuition. 

 

Applying for individual courses in the ILI-SACE - CWRU MAFI Programme?

Students who are interested in attending specific courses individually rather than applying for the one and a half year master’s degree programme may apply as non-degree seeking students and receive a grade and document of completion for any individual course taken. Participants who obtain a grade of B- or higher will receive credit for the course which will exempt them from taking the course again if they apply to, are accepted by, and begin the MAFI degree programme within five years of completing the course.

Tuition for individual courses: US $2,200

Admission requirements are the same as for the ILI-SACE - CWRU MAFI degree programme.

To apply, complete this form and email it along with a copy of your CV, personal statement of approximately 2 pages, and copies of your academic qualifications to admissions@ili-sace.org. General enquiries admin@ili-sace.org.

 

About Case Western Reserve University

Case Western Reserve University is a top-ranked private research university in Cleveland, Ohio. With programs spanning the arts and sciences, engineering, health sciences, law, management, and social work, our groundbreaking research and enriching education allow our students, faculty, staff and alumni to think beyond the possible.

At the Case Western Reserve University School of Law you will be challenged by the innovative curriculum. The CWRU professors will inspire you and the community will welcome you. You'll graduate with extensive practical skills, expertise in your chosen field and opportunities to excel in your career.