Master in Compliance & Crime Prevention in Business 2-year program

KU Online Open Day – June 4th, Thursday, at 11:00 AM or 5:00 PM
If you are interested in this program and would like to get more information on its merits, the university or admission requirements then join the KU Online Open Day in English, which will be streamed on our main facebook page: facebook.com/kozminski.

A WORD FROM THE PROGRAM'S LEADER 

Compliance functions in financial institutions have experienced a period of dynamic growth over the past years. The reason for this growth is the growing threat of financial crime and the socio-economic costs associated with this form of criminal activity.

A natural response to this state of affairs is to create control mechanisms through market regulators. The Master's  Program in Compliance & Crime Prevention in Business studies which we have created in cooperation with Citi Bank Europe Plc. is an academic response to the market's demand for high standard specialists. The curriculum has been designed with five modules in mind. The first one is an introduction to economics, finance and law, implemented in the first semester. The second one consists of the major courses covering expanding issues from the first semester and basic issues of compliance monitoring and crime prevention. The third module is a specialized course, which is conducted in the evening during the third and fourth semesters. The fourth module is an eight-week professional internship, which is recommended for the third and fourth semesters. The last component is the master thesis. The main objective of the program is conducting part of the courses by business practitioners from the area of Compliance, Anti-Money Loundering, and KYC (Know Your Client). An additional advantages are the possibility of undertaking a fully paid internship in the prospective profession and an additional scholarship system compensating for tuition fees in the last semester for the best students.

Błażej Podgórski, Ph.D.
Leader of the Master in Compliance & Crime Prevention in Business Program

ABOUT THE PROGRAM 

The first semester of the program is ONLINE ready, if needed the classes can be conducted in a virtual environment.

Feel invited to join the newly formed Facebook group for candidates of the program.

The Master in Compliance & Crime Prevention in Business is a 2-year master's program conducted in English, which adresses the increasing demand for experienced specialists in the entire shared services industry, which currently amounts up to 350 000 job positions, in Warsaw alone that number is 60 000 and still rising. This industry includes IT services, accounting services and broadly defined compliance.

Graduates of the program will gain the necessary skills to work properly and effectively as a manager in the field of risk management, compliance monitoring and Anti-Money Laundering(AML).

This program is perfect for potential candidates, who already have experience, and are looking to update their knowledge regarding compliance monitoring, AML and risk control of financial institutions.

The leaders of the program are experienced professionals, who took part in multiple international projects concerning the implementation of AML departments in corporations and effective risk management. This allowed them to gain the necessary knowledge and good practices to develop a program, which also suits the needs of candidates, who just started to think about a future in financial enterprises.

Partner of the Program:

         

A word from the partner of the program

Fortune Business Insights has calculated the global value of the broadly defined compliance market to be $21 billion. Further studies estimate continued growth to exceed $57 billion in 2026*. In Poland, this is currently over 200,000 jobs. Fortune Business Insights' research shows that over the past 10 years, despite a strong focus on compliance, the problem and scale of financial crime has not been addressed. Regulators of financial markets and other areas of the economy do not intend to liberalize policies related to controlling the flow of funds, counteracting money laundering, financing terrorism and financial crime. In June 2019, at the 15th annual ACAMS conference in Berlin, this position of EU regulators was expressed by Alexandra Joer Shroeder - Deputy Director of the European Commission's Directorate-General responsible for building elements of the 5th EU AML Directive. All of this poses new challenges to the world of compliance: how to use the potential of business and meet today's market challenges in terms of financial crime prevention, money laundering and risk management? The world of compliance still does not have solutions to address the core problem - financial crime - effectively and satisfactorily. Whether the answer is new technologies, artificial intelligence or machine learning - all of this lies ahead of us and the next generation of compliance specialists.

Karol Wojtczak, Global Financial Intelligence Unit Procedures and Trainings, EMEA Region Head

UNIQUE VALUES 

The nature of the program and the ever-growing industry allows the student/graduate to benefit from several key values added:

  • Compliance and bank operation sector in Poland currently ads up to 200 000 job opportunities on the market, which in turn gives the graduate of this program a high chance of jump starting their career.
  • Poland is becoming the main European center of compliance and AML related sevices.
  • The program is partnered with Citibank Europe plc., which currently is one of the biggest players in the shared services industry.
  • More than 25% of the curriculum is conducted by experts provided by our corporate partner.
  • The partner offers paid internship opportunities to the students of the program.
  • Courses are conducted mainly by practitioners with experience in many economic areas.
  • Most of the subjects are run in the form of workshops based on real business cases.
  • Computer workshops using the Bloomberg and Thomson Reuters(Refinitiv) Financial Data Bases

WHAT YOU GAIN FROM YOUR STUDIES? 

During your studies you will gain knowledge, skills and social competences sought after on the job market, among others in:

  • risk analysis in the area of compliance, AML and financial crime prevention
  • advice on risk interpretation
  • administration of information processing for risk assessment purposes
  • key knowledge and analytical skills training in compliance, anti-money laundering and financial crime
  • the knowledge needed to build and manage mechanisms to effectively prevent financial crime
  • knowledge of international legislation and guidelines of the European Union, the United States and the United Kingdom

CAREER OPPORTUNITIES AFTER YOUR STUDIES 

After graduating the Master in Compliance & Crime Prevention in Business program conducted in English, you can find employment in:

  • banks
  • international financial institutions
  • public listed companies
  • insurance companies
  • public sector market regulator

Examples of professions that a graduate of the program will be well prepared for:

  • Compliance Officer
  • Risk Management and Control Officer
  • KYC (Know Your Customer) Specialist
  • AML Monitoring Expert
  • AML Transaction Analyst

SELECTED COURSES 

General Courses:
  • Introduction to Financial Markets
  • Introduction to Excel and SQL
  • Advanced Macroeconomics
  • Commercial Law
  • Microeconomics
  • Introduction to Banking
  • Tax Planning
Core Courses:
  • Compliance
  • Introduction into Finance and Accounting
  • Introduction into Reuters, Bloomberg and Other Databases
  • Communications and Negotiations
  • Advanced SQL and VBA
  • Introduction to AML and Compliance in Banking
  • Financial Crime Prevention
  • Modern Banking System
  • Development of Project Management Skills
  • Psychology of Financial Markets
  • Financial Products
  • Application of Statistics and Econometrics in R

  • Information Security and Cyber Security
  • Structure Framework for Investigations
  • Banking Law
  • Modern Tax Strategy
  • Ethical Issues in Finance and Accounting
  • Risk and Control
  • Financial Intelligence Challenge
  • Corporate Clients Monitoring
Elective Courses
  • Financial Scandals History
  • Preparation to ACAMS
  • Advanced AML and Compliance Risk Management
  • Dynamically Evolving Regulatory Landscape
  • Advanced AML
  • Foreign Correspondent Banking
  • Retail Clients Monitoring
  • Advanced KYC and Name Screening
  • Identity Matching
  • The Power of KYC

CLASS SCHEDULE

  • Full-time programs

Classes take place from Monday to Friday in the morning and in the afternoon.

Admission requirements 

Admission for full-time and part-time Master programs at Kozminski University is based on 2 criteria: GPA on your previous studies and results of an online entry test. Maximum score is 100 points - 50 points for the test and 50 for GPA. Candidates who scored at least 60 points from both criteria will be qualified to the program.

Scholarship

Candidates for full-time program, who have achieved at least 80% of the points from the entry test will have the possibility to apply for the "Scholarship for the Best Candidates".
The awarded candidates are chosen based on a ranking system.
Only application submitted until 15th of July will be considered for the scholarship. The candidates, who were granted a scholarship will be informed about it at the latest on July 31st.

Required documents 

Application for full time and part time Master's programs at Kozminski University must include:

  • application form - complete the form online, print and sign
  • original Bachelor/Master degree diploma or notarized copy and transcript of records
  • 1 signed passport photograph
  • copy of the national ID or a passport 
  • CV in English
  • proof of payment of the admission fee (non-refundable)
  • certificate confirming proficiency in English (you can be exempted from submitting an English proficiency certificate only if your High School Diploma confirms that English was your only language of instruction or English is your mother tongue) - e.g. FCE, CAE, CPE, BEC, CEIBT issued by the University of Cambridge; IELTS (>=6.0 points); TOEFL IBT (>=87 points); TOEIC (at least 700 points from the test); LCCI (English for Business level 2, 3, 4); London Test of English certificates (PEARSON) - level 3, 4, 5 (certificates Edexcel). Polish citizens citizens who did their previous studies in English or who scored at least 95% on the basic level or 80% in the extended level from English Language at the Polish Matura can be excluded from submitting an English proficiency certificate. 
    List of documents confirming the knowledge of English language (pdf)

All documents issued in foreign languages should be translated into Polish or English by a sworn translator. We process applications from 4th of February until August (applications from non EU-citizens) and from 4th of February until the end of September (applications from EU-citizens). Applications received afterwards will be kept on file and processed within the next application period.

ATTENTION! In accordance with the recommendations of Ministry of Health of Republic of Poland, concerning the prevention of Coronavirus spread, the Admission Office will work in online mode from 16.03.2020 until further notice. The employees of Admission Office are available during the office hours (8:30 - 16:30) via e-mail (admission@kozminski.edu.pl) or by calling +48 22 519 22 69. In case of emergencies there is the possibility to schedule an individual meeting with the employees.

The admission fee for all Master programs delivered in English is 100 PLN.
Payment of the admission fee should be made to  the following bank account:

Name of the bank: Pekao S.A. II o/Warszawa
Address: Grzybowska 53/57,  Warszawa
Bank account number: 20 1240 1024 1111 0010 1646 0637
SWIFT code: PKOPPLPW
IBAN: PL

Candidates from foreign countries 

Foreigners who need a visa to study in Poland are additionally required to make payment of tuition for one full year of studies before we can issue documents necessary in the visa application process i.e. invitation to come to Poland and the admission decision. Admission commission issues a conditional acceptance letter including individual account number to which the payment should be transferred in Polish Złoty (PLN) calculated according to the exchange rates of the National Bank of Poland (www.nbp.pl). In case the candidate is denied a visa tuition is returned. Admission fee is non-refundable.

In case of visa, accommodations and other daily issues please contact our Students Support and Service Center: studentsupport@kozminski.edu.pl

Step-by-step admission procedures 

1

Register on-line

The admission form is available online or at the Admissions Office. 

Admission online 

Transfer from another university 


 

2

Make payment of the admission fee

The admission fee should be transferred to the Kozminski University bank account or made through the platnosci.pl system available after completing the online application form.

3

Submit your application

All of the required documents should be submitted in the Admissions Office (in person or via regular post).

 

 

4

Entry test

Participation in online entry test is required for all candidates. Candidates are enrolled to the test after the application is reviewed and accepted by the Admission Committee.

5

Admission decision

The decision is issued in few working days after the test is cleared. Candidates who obtained at least 60 points from both admission criteria are qualified for program.



6

Signing of the contract

The final step of the admission process is signing the agreement.




 

 

TUITION AND FEES 

First year students of the programs conducted in English will be able to obtain a scholarship for one year of 7 500 PLN. The scholarship is provided monthly, as 10 deductions of 750 PLN from the tuition fee amount. More information on how to obtain the scholarship you can find by clicking the above banner.

Polish National Agency for Academic Exchange announced second edition of Scholarship Programme addressed to foreign Master programs applicants. More information and contact details here.

Master in Compliance & Crime Prevention in Business (full-time) 

I year - tuition per semester II year - tuition per semester
Tuition per semester paid in full (PLN)
11 900 PLN 12 500 PLN
Tuition per semester in 5 installments (PLN)
5 x 2 400 PLN 5 x 2 520 PLN

Tuition per semester paid in full (EUR)
2770 EUR* 2910 EUR*
Tuition per semester in 5 installments (EUR*)
5 x 560 EUR* 5 x 590 EUR*

Admission fee: 100 PLN / 24 EUR*


* Exchange rates according to NBP table of 2020-02-03: 1 EUR = 4,301 PLN
PRICES IN PLN ARE APPLIED. If you pay in EURO please note that payments in EUR are recalculated into PLN according to the exchange rate of Millennium Bank based on the day of receipt of payment to the Kozminski University bank account. Check current exchange rate.