1. Demonstrate an understanding of legal and practical issues relating to international financial transactions conducted within international financial systems. 2. Understand the various international financial transactions and how they function, including the workings of Central Banks and supervisors, commercial banks, specialist banking service providers, stock markets, money markets and bonds, investment banks, derivatives and asset-backed securities, insurance, reinsurance, underwriting and broking, foreign exchange market and dealers, trading and investment in commodities, derivatives for retail investors and personal finance. 3. Understand the importance of regulation of international financial transactions. 4. Demonstrate awareness of fraud risks, risks relating to corporate governance and accounting and the risks of international financial transactions as a conduit for frauds, money laundering and terrorism financing; and how these risks can be addressed and managed.