This master’s degree program from Case Western Reserve University School of Law prepares you for careers in anti-money laundering and financial crime programs at financial institutions, regulatory and other government agencies.
Financial crime education extends beyond other training and certification programs. This degree offers a path to invest in your future by getting an advanced degree in a field that is a critical component of a financial institution. Our experts in the AML field prepare you with in-depth knowledge of financial crime compliance from a regulatory, risk and practical perspective, and you have the opportunity to learn from professionals in all aspects of the risk management arena. This is the degree that will put you in the forefront of compliance, investigation, prosecution and regulatory review.
The tuition rate for 2019 is $1800 per credit (pending Board of Trustee approval) with a total anticipated program cost of $54,000. The program is 30 credits. Scholarships and financial aid are available. Students are encouraged to contact us for more information about those opportunities. The Residential 2020 program is charged the same tuition rates as our other residential law programs, at a per semester rate.
Some of the courses are available remotely through live streaming. Most instruction is face-to-face to ensure both in depth learning and professional networking.
The classes are held one weekend a month from 9am-5pm Friday, Saturday and Sunday.
The MAFI degree gives you qualifications that will help your organization meet the controls of AML/BSA compliance, reduce risk and save money. It helps to enhance subject matter expertise, develop analytic skills, and provide detailed knowledge of U.S. laws and international standards. The degree will also give compliance professionals the latest information on trends and patterns, risk, regulatory action and best practices in the industry. As one of our graduates, you will be a targeted and focused compliance professional.
Competing for the highest-level positions in anti-money laundering requires advanced degrees and demonstrated knowledge in the field. Our graduates have advanced into roles as Chief Compliance Officer, AML Investigations Officer, Compliance Investigator, AML Vice President and many more. You will be a comprehensively trained expert sought after by private and public sector alike.
While focused mainly on the compliance side, including AML, sanctions screening, risk analysis and assessment, the degree is also beneficial to those in law, accounting, operations and finance. Potential tracks would be in financial crime compliance at a financial institution or a multi-national company, fintech firm or regtech firm, or as a regulator or a law enforcement agent. You also have the potential to go beyond the financial institution path, big picture FATF, World Bank, IMF or UN to focus on global perspective, Startup, FinTech, Vendor - RegTech to focus on innovative perspective, and a regulatory path, FinCEN, Treasury or OFAC, OCC/Fed/FDIC to aide in bringing fresh perspective. In addition, military units where knowledge of compliance and risk combined with intelligence, are looking for professionals in this field, too.
Yes. Outside of a limited number of merit scholarships offered by the Financial Integrity Institute, other types of aid may include federal and/or state loans, and financial assistance through the military and employers.
BA or professional experience in financial integrity or a related field.
The MAFI degree is compliance-focused rather than focused on business and finance issues. Compliance is one of the fastest-growing fields, spanning the financial sector, non-financial businesses such as casinos and precious metals, and MSBs, money services businesses. An MBA will give you a framework for how to conduct business, whereas a MAFI degree will give you a framework on how to conduct business with proper risk management of financial crime – it focuses on aspects important to compliance and risk rather than business areas. It can also incorporate how compliance and risk aspects play an important part in areas of business with more concentration.
Our faculty comprise some of the leading practitioners at major financial institutions, law, consulting and accounting firms, and senior government officials at FinCEN, OFAC, OCC, Federal Reserve Banks, and international bodies such as FATF, the UN, and the World Bank. There are prosecutors, regulators, federal and state law enforcement agents, long-time practitioners and people with deep experience in operations. All facets of the risk and compliance industry, regulators, consulting, practitioners and academicians to provide a 360 perspective.
There is always great need for financial crime compliance professionals, and if you can find staff for those roles who also know the institutions business, that is a great help to the risk management framework and for educating the business. It also is a way for institutions to keep talented professionals who want a challenge. If employees feel that companies and management are interested in their investment, then there is a level of loyalty that is developed. Therefore, employees will find themselves trying to be involved in improving aspects of compliance and risk within the firm in the long-term.
The program and degree are designed with you – a working professional -- in mind. Since the in-person component is once a month, there is some flexibility to do the work remotely and also to participate via video during class sessions.