Certified Anti-Money Laundering & Counter Financing of Terrorism Compliance Officer (CAMCO)


The Certified Anti-Money Laundering & Counter Financing of Terrorism Compliance Officer (CAMCO) is a professional certification in Anti-Money Laundering & Counter Financing of Terrorism (AML/CFT) and designed for those looking to deepen their understanding of the complexities surrounding AML/CFT today. This certification is a comprehensive programme, covering a wide range of in-depth modules of AML/CFT and has been designed for those who perform or would like to undertake a specialist role in AML/CFT functions. By the end of the programme, you will have a detailed understanding of AML/CFT and its functions, as well as gain industry specific knowledge and information beneficial to your role in the industry.

Programme Format

  • 4-month part-time programme
    (2 days of face-to-face or virtual workshop sessions)
  • Self-study with a comprehensive course manual
  • A professional certification upon successful completion

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

CHAPTER 1: MONEY LAUNDERING AND TERRORISM FINANCING: METHODS AND PRACTICES

  • Addition of Proliferation Financing (PF)
  • Understanding the Differences of Money Laundering (ML)/Terrorism Financing (TF)/Proliferation Financing (PF)
  • Roles of FI to Combat Proliferation Financing (PF)
  • Impact of Money Laundering (ML)/Terrorism Financing (TF)/Proliferation Financing (PF)

CHAPTER 2: INTERNATIONAL LEGAL FRAMEWORK ON AML/CFT AND INTERNATIONAL STANDARDS

  • Addition of Mutual Evaluation
  • Addition of Regional Bodies and its Role

CHAPTER 3: ANTI-MONEY LAUNDERING, ANTI-TERRORISM FINANCING AND PROCEEDS OF UNLAWFUL ACTIVITIES ACT 2001: A PRACTICAL APPROACH

  • Analysing the Far-Reaching Impact of the Law and Enforcement
  • The New Trend in Enforcing the Law
  • Investigations
  • Dealing with Terrorists’ Properties

CHAPTER 4: AML/CFT GOVERNANCE

  • Incorporating New BNM’s Policy Documents
  • Updating new standard and regulations
  • AMLA Orders Significant to FIs

CHAPTER 5: KYC POLICY – IMPORTANCE AND IMPLEMENTATION

  • Customer Due Diligence (CDD) during On-Boarding
  • Types of Customer and Documentation Verification
  • Importance of CDD
  • Risk Associated with Failure to Conduct Effective CDD
  • CDD vs Simplified DD vs Enhanced DD
  • Source of Funds and Source of Wealth

CHAPTER 6: RISK BASED APPROACH (RBA)

  • Analysing the RBA Methodology
  • RBA Factors
  • RBA Guidance by FATF
  • Rationale for RBA
  • Documentation of the RBA process

CHAPTER 7: SUSPICIOUS TRANSACTION REPORT (STR): IDENTIFYING, INVESTIGATING AND REPORTING OBLIGATIONS

  • Reporting Obligations under Section 14 of AMLA
  • Automated AML/CFT Transaction Monitoring System
  • Expectations of FIED
  • On-going Monitoring

CHAPTER 8: SANCTIONS OVERVIEW (NEW TOPIC)

  • What are Sanctions, its Importance and Purpose
  • Far-Reaching Effect of Sanctions

CHAPTER 9: AML/CFT COMPLIANCE PROGRAMME (NEW TOPIC)

  • What are the Components of Compliance Programme
  • Regulations on Compliance Programme
  • How to Implement Compliance Programme to Mitigate ML/TF risks

CHAPTER 10: ML/TF TYPOLOGIES

  • ML Typologies in various sectors/industries
  • Emerging ML/TF Typologies
  • Strengthening Risk Assessment in Combating ML/TF

Assessment (effective July 2021 examinations)

Assessment Format 50% assignment and 50% examination

Assignment Format:
Submission of one assignment (approximately 3,500 words)

Examination Format:
Section A​
60 independent multiple-choice questions (MCQs) – 60%​

Section B​
20 case-based MCQs – 40%​

Duration of Examination 3 hours
Pass Mark Overall passing mark is 50%, subject to candidate passing the assignment component. The examination mark is added to the assignment mark and averaged to determine the final assessment result. The pass mark for each examination and assignment component is 50% each. A minimum of 50% or above must be attained in both components to successfully complete the qualification.
Examination Type Closed book. Online examination.

Assessment Support

To assist learning, applicants are provided with relevant learning support, including mock exams.

Grade Bands (effective July 2021 examinations)

Distinction​ ≥ 80​
Merit​ 66 – 79​
Pass​ 50 – 65​
Fail​ ≤ 49​

Time Limit

A candidate must pass the CAMCO module within 3 years.

 

 

PROGRAMME FEES

Workshop and Examination Location Programme Fee (RM)
(Inclusive of 6% Service Tax)
Assignment & Exam Re-sit Fee (RM)
(Inclusive of 6% Service Tax)
Exam Re-sit Fee (RM)
(Inclusive of 6% Service Tax)
Kuala Lumpur 3,180 1,000 700
Labuan 4,028 1,000 700

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
  1. 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:

Membership Category Professional Designation Designatory Letters
Associate, AICB Certified Anti-Money Laundering & Counter Financing of Terrorism Compliance Officer CAMCO

 

  1. 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).
  2. 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.
  1. 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.
  2. 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 are required to be Individual Members of AICB.
  • Candidates must meet the following entry requirements.
Entry Requirement
  • 2 years of compliance-related working experience; OR
  • 1 year of compliance-related working experience if candidate possesses a recognised foundation level certification in AML/CFT

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.

Documents Required

  • Curriculum Vitae (CV) highlighting work experience in AML/CFT-related function; OR
  • Certificate in AML/CFT (if applicable)

 

QUALIFICATION ENROLMENT & ASSESSMENT SCHEDULE FOR 2020
CERTIFIED ANTI-MONEY LAUNDERING & COUNTER FINANCING OF TERRORISM COMPLIANCE OFFICER (CAMCO)
SESSIONS FOR PUBLIC PROGRAMMES
 

 

ACTIVITY

EXAM SITTING
DECEMBER 2020
(RESCHEDULED FROM JULY 2020)
DECEMBER 2020
GROUP 1 GROUP 1 GROUP 2
Application Submission
(for New Applicant) & Exam Registration Closing Date
20 January 2020
(Monday)
15 June 2020
(Monday)
6 July 2020
(Monday)
Workshop Dates For workshop dates, please refer to Asian Banking School website at
https://www.asianbankingschool.com/
Workshop Location

Kuala Lumpur

Assignment Release Date 21 February 2020
(Friday)
13 July 2020
(Monday)
Assignment will be released prior to the workshop dates
10 August 2020
(Monday)
Assignment will be released prior to the workshop dates
Due Date for Final Assignment Submission to AICB 20 April 2020
(Monday)
14 September 2020
(Monday)
12 October 2020
(Monday)

Online Exam Dates

1 to 20 December 2020

Result Release Date

25 January 2021 (Monday)

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

Note : The examination date displayed in the Member Portal is for registration purposes only. The online examination will be carried out for a period of one month (24 hours a day, 7 days a week, subject to availability) in Pearson VUE. Candidate can book an exam session in Pearson VUE on a date and time within the examination period stated in the schedule above.

QUALIFICATION ENROLMENT & ASSESSMENT SCHEDULE FOR 2021
CERTIFIED ANTI-MONEY LAUNDERING & COUNTER FINANCING OF TERRORISM COMPLIANCE OFFICER (CAMCO)
SESSIONS FOR PUBLIC PROGRAMMES
 

 

ACTIVITY

EXAM SITTING
 JULY 2021 DECEMBER 2021
GROUP 1 GROUP 2 GROUP 1 GROUP 2 GROUP 3 GROUP 4 GROUP 5
Application Submission
(for New Applicant) & Exam Registration Closing Date
18 Jan 2021
(Monday)
15 Feb 2021
(Monday)
19 Apr 2021
(Monday)
17 May 2021
(Monday)
31 May 2021
(Monday)
 28 Jun 2021
(Monday)
12 July 2021
(Monday)
Workshop Location*

Kuala Lumpur

Labuan

Kuala Lumpur

Workshop Dates 23-24 Feb 2021 17-18 Mar 2021 24-25 May 2021 22-23 Jun 2021 02-03 Aug 2021 27-28 Jul 2021 16-17 Aug 2021
Assignment Release Date 1 Mar 2021 23 Mar 2021 28 May 2021 28 Jun 2021 09 Aug 2021 02 Aug 2021 20 Aug 2021
Due Date for Final Assignment Submission to AICB 26 Apr 2021 18 May 2021 23 Jul 2021 23 Aug 2021 04 Oct 2021 27 Sep 2021 15 Oct 2021

Online Exam Dates

1 to 31 Jul 2021

1 to 31 Dec 2021

Result Release Date

27 Aug 2021 (Friday)

25 Jan 2022 (Tuesday)

*subject to change as may be offered via virtual platform

QUALIFICATION ENROLMENT & ASSESSMENT SCHEDULE FOR 2021
CERTIFIED ANTI-MONEY LAUNDERING & COUNTER FINANCING OF TERRORISM COMPLIANCE OFFICER (CAMCO)
SPECIAL SITTING FOR RE-SIT ONLY
ACTIVITY EXAM SITTING
MARCH 2021
Exam Registration Closing Date    12 February 2021
Assignment Release Date 23 February 2021
Due Date for Final Assignment Submission to AICB 22 April 2021
Online Exam Dates 15 – 31 March 2021
Exam Result Release Date 25 June 2021