Certification in Anti-Money Laundering/Counter Financing of Terrorism

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Syllabus Structure

Advanced Certification in Anti-Money Laundering/Counter Financing of Terrorism

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Syllabus Structure

Certified Professional in Financial Crime Compliance

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Syllabus Structure

Programme Fees 

ENROLMENT & EXEMPTION

Professional Qualifications in AML/CFT – Exemptions Guidelines
(a) An applicant who holds a degree or professional qualification with at least three years of AML-related experience, is exempted from the first level of the AML/CFT suite of qualifications, Certification in AML/CFT, and is eligible to enrol for the second level qualification, Advanced Certification in AML/CFT.

(b) An applicant who

1. holds a senior leadership role e.g. heading AML / Compliance / Audit / Risk / Operations with at least 3 years’ experience in that role. Level of seniority is C/C-1 and applicants should be from the Reporting Institutions under the AMLATFPUAA 2001; OR
2. holds the AICB/ICA Advanced Certification in AML/CFT or in Regulatory Compliance with at least 7-8 years’ experience in a related discipline and currently work in a role that includes senior level responsibilities. The applicant should have the support and recommendation of the Chief Compliance Officer

Applicants who do not fully meet the above requirements [b(i) and b(ii)] may be considered case-to-case with the recommendation of the Chief Compliance Officer.

Certification in Anti-Money Laundering and Counter Financing of Terrorism (Cert. AML/CFT)

(a) Assessment Structure

(b) Assignment

Referencing and Plagiarism

i) Failure to properly reference and plagiarism are taken extremely seriously. Referencing methods are set out in Appendix 3 to the ICA Study Handbook.

ii) Any candidate found guilty of plagiarism will be subject to appropriate disciplinary procedures and sanctions.

Marking

i) Assignments are forwarded to the first marker for detailed review and comment. Assignments are marked out of 100.

ii) All assignments graded more than 70% or less than 50%, together with a percentage of all assignments initially graded between 51 – 69% are automatically independently re-marked by a second marker.

iii) All assignments achieving more than 70% and less than 50% at the second marking are then examined by a third marker, prior to the final marking agreed by the internal marking team.

(c) Examination Format

(d) Pass Criteria

The pass mark is 50% of the total mark allocation for assignment and examination. The examination mark is added to the assignment mark and averaged to determine the final assessment result. The pass mark is 50, however, if either the assignment or the examination mark is below 40, this will be deemed as a fail, and this element must be taken again.

(e) Grade Bands

(f) Supplementary Award

In addition to the AICB/ICA Cert. AML/CFT award, candidates will obtain the international award, Advanced Certificate in Anti-Money Laundering and Counter Terrorist Financing, awarded by ICA in association with the University of Manchester, Alliance Manchester Business School.

Advanced Certification in Anti-Money Laundering and Counter Financing of Terrorism (Adv. Cert. AML/CFT)

(a) Assessment Structure

(b) Assignment

Referencing and Plagiarism

i) Failure to properly reference and plagiarism are taken extremely seriously. Referencing methods are set out in Appendix 3 to the ICA Study Handbook.

ii) Any candidate found guilty of plagiarism will be subject to appropriate disciplinary procedures and sanctions.

Marking

i) Assignments are forwarded to the first marker for detailed review and comment. Assignments are marked out of 100.

ii) All assignments graded more than 70% or less than 50%, together with a percentage of all assignments initially graded between 51-69% are automatically independently re-marked by a second marker.

iii) All assignments achieving more than 70% and less than 50% at the second marking are then examined by a third marker, prior to the final marking agreed by the internal marking team.

(c) Examination Format

(d) Pass Criteria

The pass mark is 50% of the total mark allocation for assignment and examination. The examination mark is added to the assignment mark and averaged to determine the final assessment result. The pass mark is 50, however, if either the assignment or the examination mark is below 40, this will be deemed as a fail, and this element must be taken again.

(e) Grade Bands

Results will be expressed in grade bands as follows:

(f) Supplementary Award

In addition to the Advanced Certification in AML/CFT award, candidates will obtain the international award, International Diploma in Anti-Money Laundering and Counter Terrorist Financing, awarded by ICA in association with the University of Manchester, Alliance Manchester Business School.

Certified Professional in Financial Crime Compliance 

(a) Assessment Structure

Face-to-face interview assessment, approximately three hours, mapping candidate skills against the competencies for the programme.

• Interview Assessment Committee
  The interviewers are senior assessors from ICA. Guidelines on the interview are from ICA.
• Notification of Interview Assessment
  Candidates will be informed of the interview date, time, and venue three weeks before the interview.
• Interview Format
  Face-to-face oral interview, approximately 3 hours.
• Interview Schedule
  The interview will be scheduled upon successful completion of the 8 masterclasses.
• Interview Venue
  The interview assessment will be held in Kuala Lumpur.

(b) Results

Results will be expressed as Competent or Not Competent for each competency. The award is only granted if a candidate is declared as Competent in all 8 competencies.

(c) Reassessment

Candidates can be re-assessed in individual competencies.

(d) Award Requirements

Candidates must be declared as competent in all six competencies to be granted the award.

(e) Supplementary Award

In addition to the CP (AML/CFT) award, candidates will obtain the international award, International Post-Graduate Diploma in Anti-Money Laundering, awarded by ICA in association with the University of Manchester, Alliance Manchester Business School.

DOCUMENTATION

The applications submitted will only be processed upon receipt of the full documentations.  Candidates 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 candidate fails to submit the required information or complete set of relevant supporting documents within the five working days, the application will not be processed.

Below is the list of documents that are required for each qualification.

Important notes:

Qualification certificates/transcripts submitted must be certified true copy by one of the following:

• University Official; OR
• Notary Public; OR
• Commissioner for Oaths; OR
• Officer of the employing organization; OR
• Such other persons or agents as may be approved by Institute.

The signatory must sign and date the document(s) and provide the following details:

• Name:
• Designation:
• E-mail:
• Contact Number:

a) If the documents are not in English or Bahasa Malaysia, they must be accompanied by translation of the documents which is done by a certified translator. The credentials and contact information of the certified translator must be stated.

b) Qualifications submitted for enrolment as a candidate for a qualification or for exemption must be awarded by universities/higher education institutions recognised by the awarding country’s Ministry of Higher Education or equivalent authority or the National Qualification Accreditation Agencies.

c) Malaysian qualifications should be listed in the Malaysian Qualifications Register or in Finance Accreditation Agency (FAA) website.

d) AICB reserves the right to contact the awarding institution to verify a candidate’s qualification awards.