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v1.0 · Live course · Circl Academy

Multi-Jurisdictional Treasurer Certification — Tier 4 to Tier 5

Status: v1.0 draft. £400 paid course (scholarship-eligible). The gating qualification for promotion from Tier 4 (Community Architect) to Tier 5 (Circlworld Ambassador). Open to Tier 4 Treasurers who have served at least 24 months at Tier 4 with no upheld conduct findings, clean Standing, and recommendation from at least two currently-serving Treasurer Council Members.

Course at a glance

| Field | Value | | --- | --- | | Fee | £400 (or jurisdictional equivalent); scholarship-eligible | | Format | Live cohort programme; ~80 hours total over 12 weeks | | Modules | Eight | | Assessment | 80-question MCQ + three case-studies + one regulatory simulation + one oral exam | | Pass mark | 72 / 80 MCQs (90%) AND all three case-studies "satisfactory" or above AND simulation "satisfactory" AND oral exam "satisfactory" | | Time limit | 150 minutes MCQ; 90 minutes per case-study; 2 hours simulation; 45 minutes oral exam | | Retake policy | After 12 months; £220 retake fee; max 2 attempts within 36 months | | Open book | MCQs closed-book; case-studies open to all platform documents; simulation closed to AI; oral exam closed | | Certification valid for | 24 months; refresh by 50 CPD credits or re-examination | | Prerequisite | Advanced Certification + 24 months at Tier 4 + 2 Council Member recommendations + clean Standing |

Why this course exists

Tier 5 (Circlworld Ambassador) is the platform's most-senior Treasurer rank. Tier 5 Treasurers manage cross-border Circles (Category C), establish federation-level lending pools, serve as senior voices on Council parameter consultations, occasionally lead Council delegations to regulators, mentor multiple Tier 1–3 Treasurers concurrently, and represent the platform externally in their personal capacity as senior practitioners (with care — they are not Circlworld employees and do not speak for the platform).

The decisions Tier 5 Treasurers make have second-order effects. A misjudgment in a cross-border Circle can produce regulatory exposure across multiple jurisdictions. A federation-level pool that operates outside the lending-collateral terms produces material liability. An ill-considered media engagement can damage the platform's posture.

The Multi-Jurisdictional Certification tests the depth required. It is the most demanding course in the ladder. It is also the only course offered as a live cohort programme (12-week cohort of 12–16 candidates), because at this level, peer learning is irreplaceable.

Module 1 — Cross-border Circle architecture

Learning outcomes. After Module 1, the Treasurer can:

Topics covered. Cross-border Circle architecture in detail. The platform's residency-based pricing framework. Multi-banking-relationship operations. Currency-conversion protocols and the FX-cost transparency commitment. Sanctions and restricted-jurisdictions awareness (the Restricted Jurisdictions Schedule). KYC across jurisdictions (Schedule 5).

Module 2 — Regulatory awareness — UK perspective

Learning outcomes. After Module 2, the Treasurer can:

Topics covered. The UK regulatory landscape — FCA, PRA, FSCS, FOS — and where Circle activity sits. The platform's regulatory posture (non-custodial, non-MSB under most definitions, non-investment platform). The Friendly Societies Act 1992. The Co-operative and Community Benefit Societies Act 2014. When formal registration is value-adding (rather than burdensome).

Module 3 — Regulatory awareness — Jamaica and Caribbean perspective

Learning outcomes. After Module 3, the Treasurer can:

Topics covered. The Caribbean regulatory landscape — particularly Jamaica, since the platform's senior leadership is dual-qualified Barrister of England & Wales and Attorney-at-Law of Jamaica. The cultural-historical context of Pardna. The contemporary regulatory framework and what Circles can / cannot do. The Approved Organisations route.

Module 4 — Multi-currency Circle operations

Learning outcomes. After Module 4, the Treasurer can:

Topics covered. Currency-conversion mechanics. The FX-cost transparency disclosure pattern. Hedging mechanisms (limited; the platform is not a regulated FX dealer). Member-by-Member currency lock options. The Stripe + bank-account currency pairing.

Module 5 — Federation-level Treasurer practice

Learning outcomes. After Module 5, the Treasurer can:

Topics covered. Federation structure. The federation's co-operative legal form. Federation-level governance. Pool Committee at federation scale. The Treasurer's role at federation level (coordinator, not director). Federation-level CPR architecture (under v1.1).

Module 6 — Working with regulators

Learning outcomes. After Module 6, the Treasurer can:

Topics covered. The regulator interaction protocol. Information requests vs. enforcement actions. The compliance function's coordinator role. Member privacy in regulator contexts. Counsel engagement triggers.

Module 7 — Senior-practitioner external representation

Learning outcomes. After Module 7, the Treasurer can:

Topics covered. External representation guidelines. Personal-vs-platform-voice discipline. Media training basics. Industry forum participation. Academic engagement.

Module 8 — Strategic decisions and the ethics of Tier 5

Learning outcomes. After Module 8, the Treasurer can:

Topics covered. The senior-practitioner ethic. Second-order effects. Strategic patience. The "what if everyone did this" test. The Treasurer-Council delegation interface with Circlworld leadership. The Member-protection-first hierarchy when the three interests diverge.

Assessment — sample MCQ bank

Below are 18 sample questions of the type that appear on the live assessment. The live exam draws 80 MCQs from the most demanding bank in the ladder.

Q1. A cross-border Circle (Category C) has Members in the UK, Jamaica, and Canada. The Treasurer is establishing escrow account relationships. The correct posture is:

A. A single multi-currency escrow account at a UK bank. B. Separate escrow accounts in each jurisdiction's currency at regulated banks or credit unions in each Member's residence jurisdiction, operated with platform compliance review of the multi-banking architecture; Member contributions go to their own jurisdiction's escrow; cycle disbursements coordinate across. C. A Stripe Connect account. D. The Treasurer's personal multi-currency account.

Correct: B. Rationale: Category C requires escrow-only. Multi-jurisdiction escrow architecture is the standard for material-size cross-border Circles. The platform's compliance review is mandatory at Tier 5 establishment.

Q2. A Member's Circle in the UK has 25 Members, monthly contributions of £200, and is operating a federation-level lending pool at L1. Should the Circle consider Friendly Society registration?

A. No — registration is burdensome and unnecessary. B. Yes — at this scale (£60,000/year contribution flow + lending pool), registration provides regulatory clarity, member protection, and access to certain instruments unavailable to unregistered groups; engage UK counsel to advise on the registration decision. C. Only if the Members vote unanimously. D. Only if regulators ask.

Correct: B. Rationale: Friendly Society registration becomes value-adding at scale and at lending complexity. Counsel review is appropriate.

Q3. A regulator's enquiry arrives at the platform asking about a specific Circle's activity. The Treasurer's appropriate path is:

A. Respond directly to the regulator. B. Route the enquiry through Circlworld's compliance function immediately; coordinate the response so that platform-wide consistency is maintained; provide factual responses where required; involve UK or Jamaican counsel if the enquiry is novel; do not respond unilaterally. C. Refuse to engage. D. Notify the Members of the regulator's enquiry without informing the compliance function.

Correct: B. Rationale: Regulator interactions route through compliance. Unilateral response by the Treasurer creates platform-wide risk.

Q4. A multi-currency Circle has Members contributing in GBP, JMD, and USD. The Treasurer's FX-cost transparency obligation is:

A. To absorb all FX costs. B. To disclose to each Member the actual FX cost of their conversion at the cycle disbursement point; to record the cost in the Member Activity Record; to ensure no hidden margin is added; to recognise the platform's posture (not a regulated FX dealer); to engage the Members in the choice of FX-cost-sharing model (proportionate; equal; sender-pays). C. To use the cheapest provider regardless of Member preference. D. To hedge the FX exposure through derivative instruments.

Correct: B. Rationale: Transparency + Member-led choice of cost-sharing model + recognition of the platform's non-dealer posture.

Q5. A federation-level lending pool is preparing to operate at L2 (institutional partnership). The federation's Pool Committee has identified a UK regulated lender as the institutional partner. The Treasurer's role is:

A. To negotiate the partnership terms. B. To support the Pool Committee + UK counsel in the negotiation; to ensure the partnership terms align with the lending-collateral terms; to recognise the platform's non-lender posture (the Circle / federation through its own co-operative form is the lender; the UK lender is account provider / liquidity provider only); to ensure Member consultation; to flag any terms that would require the Members to provide guarantees beyond the lending-collateral terms. C. To dissolve the pool. D. To bypass the Pool Committee.

Correct: B. Rationale: Pool Committee owns. Treasurer supports. Constitutional posture is preserved.

Q6. A Tier 5 candidate is asked by a national newspaper to comment on the platform's approach to a recent regulatory development. The candidate's appropriate response is:

A. Decline politely; route the journalist to Circlworld's communications function; if the candidate has independent practitioner views to share on the broader industry context (not the platform's specific position), they may share those views with attribution clarity (personal capacity, not Circlworld representative); never disclose Member personal data. B. Comment freely on the platform. C. Comment in a way that protects the platform. D. Refuse to engage at all.

Correct: A. Rationale: Personal-vs-platform-voice discipline. Senior practitioner is permitted personal views; platform positions route through compliance.

Q7. A Cross-border Circle's Member relocates from the UK to Australia mid-cycle. The Treasurer's response:

A. Force the Member to depart. B. Recognise the relocation as a Bylaws / Custody Framework trigger; consult the Members on whether the Circle is willing and able to continue with the relocated Member (Australia is outside the platform's current operating jurisdictions); if not viable, work through the Bylaws Category A voluntary departure protocol for the relocated Member; if viable, ensure the new jurisdiction is added to the Circle's Bylaws and the appropriate escrow / KYC arrangements are made. C. Apply for an Australian banking license. D. Refer to the Selection Committee.

Correct: B. Rationale: Member-led decision-making. Custody Framework triggers. Voluntary departure is the default if the Circle cannot accommodate.

Q8. The Treasurer Council delegation to Circlworld's senior leadership operates:

A. Annually only. B. As needed, through the Council Charter's escalation mechanism (Charter §11); through the Selection Committee's appellate routes; through the Council's annual review report; through the parameter-consultation process; never as personal lobbying by individual Members. C. Through individual Treasurer-to-CEO emails. D. Only at quarterly Council meetings.

Correct: B. Rationale: Channeled engagement. Personal lobbying is procedurally inappropriate.

Q9. A Treasurer notices that a recently-announced regulatory development in Jamaica may affect the Pardna tradition Circles operating under the platform. The Treasurer's appropriate path:

A. Wait for Circlworld to address it. B. Raise the matter with the Treasurer Council immediately so the Council can engage Circlworld's compliance function + Jamaican counsel; participate in the Council's response drafting; ensure the substantive Pardna-tradition perspective is represented; recognise that the Council is the bridge between practitioner experience and platform compliance. C. Inform the Members of all Pardna Circles directly. D. Petition the DSC.

Correct: B. Rationale: Practitioner expertise is platform value. The Council is the institutional bridge.

Q10. A Tier 4 Treasurer applying for Tier 5 must have:

A. Just the Advanced Certification. B. Advanced + 24 months at Tier 4 + 2 Council Member recommendations + clean Standing + Multi-Jurisdictional Certification. C. £1000 promotion fee. D. CEO recommendation.

Correct: B. Rationale: The procedural elements of Tier 5 eligibility are demanding by design.

Q11. The platform's residency-based pricing framework varies by:

A. Treasurer income. B. Member residency jurisdiction, reflecting purchasing-power parity considerations and the platform's mission of supporting community savings across the diaspora. C. Circle size. D. Cycle duration.

Correct: B. Rationale: Residency-based pricing implements the mission. Drew's pricing decision.

Q12. A Tier 5 Treasurer leads a Council delegation to a regulator's industry forum. The Treasurer's posture:

A. Represent Circlworld's official position. B. Represent the Council's collective view (formulated through Council process); coordinate with Circlworld's compliance function on the platform's position; be a senior practitioner voice; not improvise on novel positions without Council backing. C. Speak only for themselves. D. Refuse to engage with the regulator.

Correct: B. Rationale: Council delegate. Coordinated with compliance. Senior practitioner.

Q13. A federation-level CPR is operated by:

A. The federation's most-senior Treasurer. B. A multi-signature escrow at a regulated bank or credit union, with the federation's Pool Committee operating the signing rotation; never single-Member-to-member; never platform-held; with the federation's audit committee reviewing quarterly. C. The platform. D. Circlworld's compliance function.

Correct: B. Rationale: CPR at federation scale follows the same non-custodial discipline.

Q14. The platform's posture toward sanctions-restricted jurisdictions is:

A. The platform restricts access to Members in those jurisdictions through the KYC and Restricted Jurisdictions schedules; the Treasurer's role is to recognise the schedule's coverage and not establish Circles that include sanctioned-jurisdiction Members; coordinate with compliance on any edge case. B. The platform freely operates everywhere. C. The platform operates only in the UK and Jamaica. D. The Treasurer makes the call.

Correct: A. Rationale: Sanctions framework is platform-level. Treasurer recognises and signposts.

Q15. A Member of a Circle requests that the Treasurer represent them in a dispute with the Member's local bank. The Treasurer's correct response:

A. Decline. The Treasurer is not the Member's representative outside the Circle; provide the Member with the Help Office routing for personal financial-services disputes (which include the Financial Ombudsman Service for UK Members); not engage with the Member's bank. B. Represent the Member. C. Engage the platform's compliance function. D. Mediate between the Member and their bank.

Correct: A. Rationale: Scope discipline. The Treasurer is not the Member's general representative.

Q16. A Tier 5 Treasurer is asked by a former Circle Member to "vouch" for them on an external matter (mortgage application, job reference, professional credential). The Treasurer's response:

A. Provide the vouching in writing. B. Decline as Treasurer-of-record; if the Treasurer-of-the-Circle is willing to provide a personal-capacity character reference, do so in personal capacity with no platform reference and no Member-data disclosure; recognise that the Standing + Endorsement system is the platform's formal vouching mechanism — recommend the Member request that the receiving party verify the Member's record through the platform's verification surface; never disclose Circle-specific Member data on external requests. C. Provide vouching only for fee. D. Refer to the Council.

Correct: B. Rationale: Scope + privacy + use the formal mechanism.

Q17. The Multi-Jurisdictional Certification cohort programme runs for:

A. 1 week B. 4 weeks C. 12 weeks D. 6 months

Correct: C. Rationale: 12-week cohort. Peer learning is irreplaceable at Tier 5.

Q18. A Tier 5 Treasurer's responsibilities to mentees include all but which one of the following?

A. Supervising the mentee's day-to-day Circle decisions. B. Pairing with up to 4 mentees (Tier 1 to 3); offering guidance through case discussion; honouring the mentee's autonomy; supporting their Selection Committee preparation if applicable. C. Confidentiality discipline (mentor matters do not leak to Council reports). D. Recommending mentee certification eligibility appropriately and honestly.

Correct: A. Rationale: Mentorship is not supervision. The mentee's decisions are theirs. The mentor advises.

Case-study assessment

Three case-studies, each 90 minutes, of the type:

Case-Study A — "You are establishing a Cross-border Circle with Members in the UK, Jamaica, the United States (specifically Florida), and Canada (specifically Ontario). The Members want monthly contributions in their home currencies of £100 / J$15,000 / US$130 / C$170 respectively. Walk through your establishment plan including (i) escrow architecture in each jurisdiction, (ii) currency-conversion approach, (iii) the Bylaws-vote items required, (iv) the KYC + regulatory considerations in each jurisdiction, (v) the lending-pool eligibility implications, (vi) the disclosures required to Members. Cite the relevant constitutional + regulatory documents. Aim for 800–1200 words."

Case-Study B — "You are leading a Treasurer Council delegation to a regulator on a novel platform regulatory question. Draft the consultation response position paper in 600 words, including (i) the framing of the question, (ii) the platform's posture, (iii) the practitioner perspective, (iv) the proposed regulatory accommodation, (v) the alternative pathways if the accommodation is not granted."

Case-Study C — "A federation-level lending pool you established is operating at L2 with a Caribbean credit union partner. The credit union has flagged a sanctions-screening hit on a single Member's recent contribution. The Member denies any sanctions exposure. Walk through your response, including (i) the compliance function engagement, (ii) the Member's procedural rights, (iii) the Member's privacy + the partner's regulatory obligations, (iv) the Selection Committee involvement (if any), (v) the cycle continuation question, (vi) the lessons. Aim for 800–1000 words."

Regulatory simulation

A 2-hour live simulation of a regulator's enquiry, conducted by a senior practitioner panel. The candidate is given a fictional but realistic regulatory enquiry and must walk through (with a written response by end-of-simulation) their handling. Graded Satisfactory / Strong / Excellent.

Oral exam

A 45-minute oral exam with a Tier 5-eligible Treasurer or member of the Treasurer Council. The exam covers (i) the candidate's case-study reasoning, (ii) the candidate's depth on a Module of the panel's choosing, (iii) the candidate's strategic-decision posture under hypothetical pressure. Graded Satisfactory / Strong / Excellent.

Assessment policy

Pass mark and grading

72 / 80 MCQs (90%) + all three case-studies Satisfactory or above + simulation Satisfactory or above + oral exam Satisfactory or above. All five required.

Time limit

150 minutes MCQ; 90 minutes per case-study (in three separate sessions over the cohort period); 2 hours simulation; 45 minutes oral exam.

Retake policy

A failed first attempt may be retaken after 12 months (a full year, recognising the cohort programme's depth). The retake fee is £220 (just over half the £400 fee). Maximum 2 attempts within 36 months. A 3rd attempt requires Treasurer Council recommendation, Selection-Committee finding that the candidate has addressed the failure-modes, and the assent of two Tier 5 Treasurers.

Identity verification

KYC Level 4 required (highest level). KYC re-confirmation is triggered before the cohort programme begins.

Open vs. closed book

MCQs closed-book. Case-studies allow open reference to all platform constitutional + regulatory documents. Simulation closed to AI assistance. Oral exam closed (no reference materials).

Continuing development

50 CPD credits over 24 months. CPDs come from: Treasurer Council service; Selection Committee panel service; mentoring; senior-practitioner forums; specialty seminars; published practitioner writing for the platform's Council newsletter. Re-examination is the alternative.

Scholarship Pool

A Treasurer in a jurisdiction where the £400 fee meets the 5% disparity threshold may apply to the Scholarship Pool. At the Tier 5 level, the Pool's scholarship covers the full £400 fee; the cohort programme materials are provided to the scholar at no additional cost.

Recognition

Members who pass receive:

Cross-references

— End of the Multi-Jurisdictional Treasurer Certification —

Version history

| Version | Date | Change | Process | |---|---|---|---| | v1.0 | 2026-06-03 | Initial draft | Drafted 2026-06-03; counsel + Pedagogy Council + senior-Treasurer review required before publication |

Plain-language one-line summary

The £400 Multi-Jurisdictional Certification — 12-week live cohort, 80 MCQs + 3 case-studies + regulatory simulation + oral exam — is the gating qualification from Tier 4 (Community Architect) to Tier 5 (Circlworld Ambassador); requires 24 months at Tier 4 and 2 Council Member recommendations, valid for 24 months, scholarship-eligible, 90% MCQ pass mark.