CERTIFIED ANTI-MONEY LAUNDERING & COUNTER FINANCING OF TERRORISM COMPLIANCE OFFICER (CAMCO)
INTRODUCTION TO CERTIFIED ANTI-MONEY LAUNDERING & COUNTER FINANCING OF TERRORISM COMPLIANCE OFFICER (CAMCO)
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 is 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 on AML/CFT and is 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, and gain industry-specific knowledge and information beneficial to your role in the industry. For more information on this programme, please visit https://www.asianbankingschool.com/our-programmes/professional-qualifications/camco.
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.
- Staff of AML/CFT Compliance and financial crime officers
- Managers responsible for internal compliance controls
- Internal and external audit staff
- Accountants, company secretaries and legal practitioners
- Staff of all reporting institutions under the AMLATFPUAA 2001 First Schedule
MEMBERSHIP AND PROFESSIONAL DESIGNATION
Members who have completed the Certified Anti-Money Laundering & Counter Financing of Terrorism Compliance Officer (CAMCO) qualification will be upgraded to ‘Associate’ status and are entitled to use the membership designation, ‘Associate, AICB’. Upon approval, members are entitled to use the designation, ‘CAMCO’. Click here to find out more.
Candidates must meet the following entry requirements:
- Are Individual Members of AICB; AND
- Have 2 years of compliance-related working experience; OR
- Have 1 year of compliance-related working experience if candidate possesses a recognised foundation level certification in AML/CFT.
- All applications for enrolments or exemptions will be processed according to the requirements set out in the regulations.
- Applications will be processed upon receipt of full and complete documentation as stated in the Enrolment section.
- Approvals for enrolments or exemptions will be granted based on the information/documents submitted and candidates may be contacted if additional information is required.
- Candidates whose qualifications and experience have been assessed by the Institute will be informed of the Institute’s decision within 10 working days of the application date, upon receipt of full and complete documentation.
- Where the candidates’ qualifications have not previously been assessed by the Institute, a longer processing time will be required.
- Candidates will be informed of the Institute’s decision via email.
Candidates who submit incomplete applications (i.e. applications with incomplete details or supporting documents) will be given 30 working days to provide the required information and/or documentation, failing which the application will be declined.
The documents required are as follows:
- The qualification certificates/examination transcripts submitted must be certified as true copies by one of the following individuals:
- a university official; OR
- a Notary Public; OR
- a Commissioner for Oaths; OR
- an officer of the employing organisation; OR
- other such persons or agents as may be approved by Institute.
- The signatory must sign and date the documents, and provide the following details:
- contact number
- If the documents are not in English or Bahasa Malaysia, translated documents by a certified translator must be appended to the submission. The credentials and contact information of the certified translator must be stated.
- Qualification certificates that are submitted for enrolments or exemptions must be awarded by universities/higher education institutions recognised by the awarding country’s Ministry of Higher Education or its equivalent, or the national qualification accreditation agencies.
- Malaysian qualifications should be listed in the Malaysian Qualifications Register (MQR) or on the Finance Accreditation Agency (FAA) website.
- AICB reserves the right to contact the awarding institute to verify the authenticity of the candidate’s qualifications.