Master of Leadership and Management (specialization in Financial Integrity)
The Master of Leadership and Management with a specialization in Financial Integrity (MLM-FI) is the premier graduate-level program in anti-money laundering, combatting the financing of terrorism, and targeted sanctions avoidance law, policy, and practice. AML/CFT/Sanctions requirements are global in nature. They include the design and effective implementation of measures to prevent criminals from using banks and other financial institutions to launder criminal proceeds, finance terrorism, or avoid sanctions; ways of identifying and prosecuting criminals that evade those preventive measures; and the seizure of criminal proceeds, funds to finance terrorism, and assets that evade targeted sanctions, both at home and abroad. To be truly effective professionals must be knowledgeable about the law and policy of each of these measures. The Master of Leadership and Management with a specialization in Financial Integrity degree program is carefully and expressly designed to accomplish exactly that goal.
As both national and international AML/CFT/Sanctions efforts have increased significantly over the past decade, so has the demand for top professionals, including compliance officers at banks and other financial institutions, their supervisors and regulators, fraud investigators, and other law enforcement professionals. In particular, Russia’s invasion of Ukraine has resulted in the proliferation of new sanctions and an increased effort to identify corrupt government officials and seize their assets, all resulting in greater demand for AML/CFT/Sanctions professionals. The principal AML/CFT/Sanctions professional organization—the Association of Certified Anti-Money laundering Specialists or ACAMS—has seen its numbers double in size over the past decade to over 100,000 today.
The program is taught over a series of two-day weekends over a 12-month period at the ASU Barrett & O'Connor Washington Center in Washington, D.C. Applications are accepted on a rolling basis, however application deadline is December 15 for a January start.
Who should attend?
- Future leaders in the field of financial crime detection, investigation, or prosecution.
- Professionals currently working in financial regulation in both private and public sectors who wish to learn more about financial crime detection, investigation, or prosecution.
- Fintech, blockchain and cryptocurrency professionals involved in financial crime compliance or interested in understanding compliance considerations when developing relationships.
- Foreign professionals and government employees who would like to take advantage of cutting-edge courses in financial crime taught by an international team of experts.
- Professionals currently working or seeking to work in anti-money laundering, anti-bribery and corruption, or anti-fraud capacities in both private and public sectors who wish to advance to more senior positions and/or transition to a new area of expertise.
- Compliance professionals at banks, money services businesses, broker-dealers, casinos, and blockchain-based financial institutions who would like to gain expertise in financial crime prevention, detection, and deterrence.
- Teachers and students in law enforcement agency training academies who may have a degree of expertise in the financial crime field but wish to deepen and expand their industry knowledge and recognition in the field.
- Defense officials, policy makers, and analysts interested in implications and national security aspects of global financial integrity.
- Officials, policy makers, analysts, military personnel, and uniformed staff working in regulatory, law enforcement, defense or national security agencies looking to enhance their credentials in the financial crime space and advance their agency’s mission.
- New professionals to the financial crime field who wish to make a career change.
- Consultants, lawyers, prosecutors, defense attorneys, accountants, government contractors and others who have a degree of expertise in financial crime but wish to deepen and expand their industry knowledge and recognition in the field
- Professionals currently working in both private and public sectors who wish to learn more preventive measures including the global impact of financial integrity on peace and security.
- Expert witnesses in the financial crime field.
The Master of Leadership and Management with a specialization in Financial Integrity features unique curriculum (30 credit hours) and provides students with a deep understanding of the design and effective implementation of measures to prevent criminals from using banks and other financial institutions to launder criminal proceeds, finance terrorism, or avoid sanctions; ways of identifying and prosecuting criminals that evade those preventive measures; and the seizure of criminal proceeds, funds to finance terrorism, and assets that evade targeted sanctions, both at home and abroad.
The program is taught over a series of two-day weekends over a 12-month period at the ASU Washington Center in Washington, D.C.
Introduction to Financial Integrity
Financial Institutions, Supervision, and Risk Management
Communicating and Negotiating in a Dynamic Global World
Preventive Measures Compliance Programs
New Technologies and AML/CFT Risks
Investigations, Prosecutions, and Asset Recovery
Legal Framework, Investigations and Prosecutions
Extradition & Multi-Jurisdictional Asset Recovery
Strategy in a Competitive World
The course will begin with a basic orientation to a Master of Leadership and Management course, and follow with faculty presentations on research, writing, and plagiarism. Next, the course will provide an overview of how money is “moved” and why, and the basics of the laundering of criminal proceeds. Next, it introduces the Financial Action Task Force (FATF) and its history. Next, it addresses the entire system of global antimony laundering and combatting the financing of terrorism and proliferation policies and practices—that is, what constitutes “financial integrity.”
The purpose of this introductory course is to cover the basics of these policies and procedures and, most importantly, how they fit together to form a comprehensive program. Each will be examined in depth in the remailing courses in the Master of Arts program. Simulations are a key part of the course and will be distributed before class.
This seminar will examine in detail measures that banks and other financial institutions are required to implement as financial integrity preventive measures. It will begin by putting AML/CFT regulation and supervision into the context of general financial institution regulation and supervision other than anti-money laundering, all of which had predated AML/CFT requirements. It will then turn to issues in risk analysis and risk management. Team simulations are a key part of the course and will be distributed before class.
This course covers the basics of financial integrity regulation and supervision covering FATF Recommendations 9 through 23, including customer due diligence (customer identification including beneficial owner, understanding the nature of the business relationship, creating a business and risk profile, source of funds, ongoing due diligence, acceptance and account cancellation, transaction monitoring, possible STR filing). It also covers record keeping, politically exposed persons, suspicious transaction report preparation and filing, and internal controls, including independent testing. Team simulations are a key part of the course and will be distributed before class.
This course continues the examination of preventive measures by examining targeted financial sanctions, the role of the Office of Foreign Asset Control (OFAC) and the creation and implementation of an effective preventive measures compliance program, including a review of requirements for AML/CFT programs, policies, procedures and internal controls, the designation of an AML compliance officer, training of appropriate officers and employees, and an independent AML audit. It will then turn to common deficiencies in such programs at every level across a variety of financial institutions and sectors. Finally, it will examine in depth the case of trade-based money laundering. Team simulations are a key part of the course and will be distributed before class.
This course covers the rise of new technologies and the effects they are having on AML/CFT/Sanctions. Students will study cryptocurrencies, initial coin offerings, crypto asset-backed offerings, and blockchain. Students will study compliance issues that arise with the advent of new technologies and the growing reliance on technology in operational execution of AML/CFT/Sanctions programs.
This course begins with an overview of the basics of the crime of money laundering and terrorism finance. It then reviews the role regulatory agencies, financial intelligence units (FIUs), and law enforcement agencies (LEAs) involved in the commencement of an investigation, the investigation itself, and prosecution of financial integrity crimes including the use of civil process. The course concludes with discussions of cases. Team simulations are a key part of the course and will be distributed before class.
This course investigates why and how individual instances of money laundering and terrorism financing frequently trigger the need for multi-jurisdictional cooperation and assistance. To investigate and prosecute such cases effectively, national government authorities must request and provide information and evidence of illegal activity to the authorities of other nations. Procedures for such international cooperation can be complex, but their effective implementation is essential for curbing transnational money laundering and terrorism financing. While there is considerable domestic law and treaty provisions with respect to these matters, effective implementation often relies on informal means.
Key to the effective implementation of multijurisdictional law enforcement are both extradition of criminal suspects and the recovery of criminal proceeds, the instrumentalities of crime, and assets for the financing of terrorism. Implementing these two essential elements of international cooperation in criminal and civil matters can be quite complex and bureaucratic, with fine attention necessary for each required element.
This dynamic and interactive course provides managers with an effective framework for achieving their goals in global management settings. Assists students to prepare for and execute time-tested strategies for achieving communication competence with persons from different cultures. Also covers negotiating in the global context. Not only examines theories of culture and communications, but also places students in an experiential situation to gain valuable skills for overcoming obstacles in global management environments. Through use of cases, multicultural team exercises, student negotiation exercises and simulations, equips the global manager with tools to solve problems and take advantage of opportunities in a multicultural world.
Focuses on choices that have an impact on the performance of the entire organization or business start up. Includes the problems faced by, and the decisions made by, executive leaders who have to balance the needs and expectations of stakeholders including customers, shareholders and employees with the requirements of local country practices and government regulations. Analyzes problems and decisions from the point of view of the founder, general manager or chief executive who has responsibility for the welfare of the entire organization. By focusing on policy decisions, concerns the choice of goals as well as the organization; management and deployment of scarce resources to pursue these goals within the context of an imperfect, changing and competitive world.
5-day opening module (TGM 598: Introduction to Financial Integrity)
|Class weekend 1 (TGM 598: Financial Institutions, Supervision, and Risk Mgmt||Jan 27-28|
|Class weekend 2 (TGM 598: Financial Institutions, Supervision, and Risk Mgmt)||Feb 10-11|
|Class weekend 3 (TGM 506: Communicating and Negotiating in a Dynamic Global World)||Mar 2-3|
|Class weekend 4 (TGM 506: Communicating and Negotiating in a Dynamic Global World)||Mar 16-17|
|Class weekend 5 (TGM 598: Preventive Measures)||Apr 13-14|
|Class weekend 6 (TGM 598: Preventive Measures)||Apr 27-28|
|Class weekend 7 (TGM 598: Preventive Measures Compliance Programs)||May 18-19|
|Class weekend 8 (TGM 598: Preventive Measures Compliance Programs)||Jun 8-9|
|Class weekend 9 (TGM 598: New Technologies and AML/CFT Risks)||Jun 22-23|
|Class weekend 10 (TGM 598: New Technologies and AML/CFT Risks)||Jul 13-14|
|Class weekend 11 (TGM 598: Investigations, Prosecutions, and Asset Recovery)||Jul 27-28|
|Class weekend 12 (TGM 598: Investigations, Prosecutions, and Asset Recovery)||Aug 3-4|
|Class weekend 13 (TGM 598: Legal Framework, Investigations and Prosecutions)||Aug 24-25|
|Class weekend 14 (TGM 598: Legal Framework, Investigations and Prosecutions)||Sept 14-15|
|Class weekend 15 (TGM 598: Extradition & Multi-Jurisdictional Asset Recovery)||Sept 28-29|
|Class weekend 16 (TGM 598: Extradition & Multi-Jurisdictional Asset Recovery)||Oct 19-20|
|Class weekend 17 (TAM 541: Strategy in a Competitive World)||Nov 16-17|
|Class weekend 18 (TAM 541: Strategy in a Competitive World)||Dec 7-8|
Financial aid and costs
There are many different options available to help you finance your graduate education at Thunderbird. More than 96% of Thunderbird students receive financial assistance through loans, scholarships or other awards. Arizona State University’s Financial Aid team works with you hand-in-hand to find the financing solutions for your unique situation.
|Application fee (domestic)||$70|
|Application fee (international)||$115|
|Total program cost||$60,000 (USD)|
Faculty and lecturers include the most senior AML/CFT/Sanctions experts from both public and private sectors, including from major US and foreign banks, the Office of the Comptroller of the Currency, The Financial Crimes Enforcement Network, The Office of Foreign Asset Control, the FBI, CIA, The International Monetary Fund, the World Bank, ACAMS, the Financial Action Task Force, and regulators and law enforcement from many non-US jurisdictions, including Australia, Canada, Belgium, Egypt, France, India, Kuwait, Lebanon, The Netherlands, South Africa, and the United Kingdom.
Requirements & Deadlines
Admission requirements of the MLM:FI include:
- Resume/CV documenting work experience
- Proof of English proficiency if you did not graduate from an English-speaking university in a native English-speaking country (TOEFL of 80, IELTS of 6.5, Pearson Test of English of 60, Duolingo 105)
- Official transcripts from all previously attended undergraduate and graduate institutions, validating the completion of a four-year bachelor's degree. Sent directly to the Graduate Admission Services department at ASU.
Work experience: At least two years of work experience is preferred.
Transcripts for graduate admissions must be sent directly to the Graduate Admissions Services department at the main Arizona State University campus. To expedite the processing of your application, please write your application reference number on all documents and envelopes submitted to ASU. Materials submitted without your application reference number will delay the processing of your application.
Applicants are required to meet certain English proficiency standards for acceptance. If your English proficiency scores are below acceptance standards, you may be required to take pre-degree English instruction to ensure you meet the level of English proficiency needed to succeed in your graduate studies. Learn more. View the minimum and direct entry scores here.
Applications are accepted on a rolling basis. Recommended application processing time is 6 weeks. Application deadline is December 15 for a January start.