Learning outcome

By the end of the programme, candidates will be able to:

• Explain the origins and typologies of money laundering and terrorist financing and the response of international bodies
• Examine how law and regulation developed to combat money laundering and terrorist financing is applied in Malaysia.
• Examine topical anti-money laundering and counter terrorist financing development.

Programme outline

MONEY LAUNDERING & TERRORISM FINANCING: ORIGIN & TYPOLOGIES

• Origin of money laundering and terrorism financing and its stages
• Analyse various organised techniques to launder their illegitimate income and terrorism financing

INTERNATIONAL BODIES UNITED AGAINST MONEY LAUNDERING AND TERRORISM FINANCING

• Appraise international bodies and their AML/CFT standards

MALAYSIAN AMLATFPUAA 2001 & REGULATORY FRAMEWORK

• Highlight the nature of predicate offence as a serious offence or a foreign serious offence
• Regulatory framework and the scope of investigation, freezing, seizure and forfeiture of assets

IMPLICATION OF NON-COMPLIANCE IN ANTI-MONEY LAUNDERING AND COUNTER TERRORISM FINANCING

• Examine the various types of risk and general impact of non-compliance of AML/CFT to the RIs and country

AML/CFT GUIDELINES IN MALAYSIA

• Establish the important components under RBA and level of due diligence applied under various risk level
• Highlight the importance of identifying the higher risk customers to apply higher level of monitoring

SUSPICIOUS TRANSACTION REPORT (STR)

• Review of transactions to distinguish suspicious transactions based on irregularity of transaction patterns or customer’s behaviour
• Establish purpose of submission and the repercussion of Tipping Off

SUPPORTING REGULATIONS

• Distinguish the different supporting regulations and their importance to prevent money laundering and combating terrorism financing
• Discussion on the law enforcement agencies’ (LEA) roles in enforcing the regulations and their powers in strengthening AML/CFT regulations

ANTI MONEY LAUNDERING AND COUNTER FINANCING OF TERRORISM (AML/CFT) ACROSS ASEAN COUNTRIES

• Distinguish and examine the AML/CFT legislations in other ASEAN countries

REVIEW OF ANTI MONEY LAUNDERING AND COUNTER TERRORISM FINANCING CASES

• Deploy a variety of case laws to analyse money laundering/terrorism financing

EVOLVING AML/CFT TYPOLOGIES

• Discussion on new and emerging typologies in money laundering and terrorism financing activities

Assessment

The assessment comprises of two parts and each part constitutes 50% to the overall assessment:

• Submission of one assignment (approximately 3,500 words).
• Examination is a single 2 hour and 45 minute paper comprising 100 multiple-choice questions. The overall passing mark for the CAMCO assessment is 50%, subject to candidate passing the assignment.

PROGRAMME FEES

A. Membership requirement

1. As a member of a professional body, it is mandatory to maintain a valid membership at the following stages leading to the attainment of the professional membership with AICB:

• Qualification Enrolment
• Exam Registration
• Examination Day
• Examination Results Release
• Graduation/Conferment Ceremony

2. Members without valid membership may be barred from an examination and the Institute with withhold the result and certificate until the overdue is settled in full to AICB.

B. Advancement to Associate

 A person shall be eligible for advancement to membership as an Associate and is eligible to use the following designation after his name if he has completed the CAMCO certification:

3. Upon successful completion of the programme, Individual Member will receive an Intermediate Certificate in Certified Anti-Money Laundering & Counter Financing of Terrorism Compliance Officer (CAMCO), awarded jointly by Asian Banking School (ABS) and Asian Institute of Chartered Bankers (AICB).
4. The use of professional designation requires members to maintain the membership with AICB and comply to CPD requirements as well as to the Code of Professional Conduct.

Continuing Professional Development (CPD) 

1. All Individual Members shall be subjected to the CPD Requirements in accordance with this the AICB’s Bye-Laws and Regulations.
2. All Members subject to mandatory CPD must comply with the following minimum requirements for CPD:
3. Affiliate members are required to undertake at least 5 hours of structured CPD on ethics every two years.
4. Associate members who hold a professional designation are required to undertake:

• at least 35 hours of relevant CPD activity in each calendar year, of which 20 hours must be structured CPD; and
• at least 10 hours of the structured CPD must be in areas directly related to banking and 5 hours of the structured CPD in ethics.

5. Where a Member fails to provide supporting documentation within a reasonable period of time; or fails to complete the CPD requirements within the extended time, the matter will be referred to the Membership Committee which shall determine the course of action to be taken. The Committee may refer cases where willful and persistent non-compliance is suspected to the Chief Executive which may lead to disciplinary action.
6. Members who failed to comply with the CPD requirements for two-consecutive years, their membership will be downgraded, and the use of professional designation will be suspended.

ENTRY REQUIREMENTS

Candidates must meet the following entry requirements.

APPROVAL

1. All applications for enrolment will be processed in accordance with the requirements set out as above.
2. Applications will be processed upon receipt of full documentations as stated in the Documentation section.
3. Approval for enrolment will be granted based on the information/documents submitted and applicants may be contacted in case additional information is required.
4. Applicants will be informed of the Institute’s decisions within 10 working days from date of application (upon receipt of full and complete documentation) for qualifications and experience already assessed.
5. Where the applicant’s qualifications have not been previously assessed by the Institute, the processing time will be longer.
6. Applicants will be informed in writing of the Institute’s decision via email.

DOCUMENTATION

The application submitted will only be processed upon receipt of the full documentation. Applicants who submit incomplete applications (i.e. incomplete details or incomplete supporting documents) will be given five working days to provide the required information and/or documentation.  If the applicant fails to submit the required information or complete set of relevant supporting documents within the five working days, the application will not be processed.

Supporting document required:

QUALIFICATION ENROLMENT & ASSESSMENT SCHEDULE FOR 2020

SESSIONS FOR PUBLIC PROGRAMMES

Important Notes:

1. AICB reserves the right to cancel, suspend, interrupt or reschedule any examinations and will not be liable for any claims, actions, costs, charges, expenses, damages, losses and liabilities due to the cancellation/deferment of these examinations.
2. Please adhere to the above closing dates to avoid any delays in the enrolment or registration process.
3. For more details on training workshops, please visit ABS’ website: asianbankingschool.com