Certified Anti-Money Laundering & Counter Financing of Terrorism Executive (CAMEX)

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CERTIFIED ANTI-MONEY LAUNDERING & COUNTER FINANCING OF TERRORISM EXECUTIVE (CAMEX)

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INTRODUCTION TO CERTIFIED ANTI-MONEY LAUNDERING & COUNTER FINANCING OF TERRORISM EXECUTIVE (CAMEX)

The Certified Anti-Money Laundering & Counter Financing of Terrorism Executive (CAMEX) qualification provides a comprehensive introduction to a range of topics critical to understanding the scope of Money Laundering (ML) and Terrorism Financing (TF) and employs a practical approach to developing knowledge in terms of risk awareness, methods employed, and how organisational policy and regulations and their application are intended to combat ML/TF activities.

Through this qualification, candidates will increase their understanding of ML/TF and the high stakes issue of proliferation financing. Individuals completing CAMEX will be ideally positioned within their role to comply with organisational requirements and understand the influences of law and regulations in a workplace context.

LEARNING OUTCOMES

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

  • describe the Money Laundering (ML) / Terrorism Financing (TF) / Proliferation Financing (PF) environment, definitions and key features of offenses, and the legal obligations of Malaysian Reporting Institutions
  • understand the role of bodies associated with the AML/CFT framework and the impact on Governance in organisations
  • describe the key components of the Risk Based Approach (RBA) and how it is applied in practice
  • describe the main reporting obligations of Reporting Institutions (RIs) under the AMLATFPUAA 2001 Act, and
  • identify methods/typologies in ML and TF activities and gain further insight into emerging and continued trends.

TARGET AUDIENCE

  • Staff of AML/CFT Compliance and financial crime officers.
  • Internal and external audit staff.
  • Staff of all Reporting Institutions (RIs) under the AMLATFPUAA 2001 First Schedule.
  • Those interested in understanding the fundamentals of AML/CFT.
  • Professional services related to AML/CFT.

CERTIFICATION PATHWAYS

For certification pathway details, click here.

ENROLMENT

Candidates are required to submit the prerequisite supporting documents for enrolment. For full details on documentation, click here.

MEMBERSHIP AND PROFESSIONAL DESIGNATION

Membership with a professional body is an added value proposition and a mark of public recognition and commitment to ethical conduct. Membership begins with enrolment in the CAMEX qualification. Upon completion, members must maintain their membership with AICB and adhere to AICB’s Code of Professional Conduct and Continuing Professional Development (CPD) requirements.

ENTRY REQUIREMENTS

Candidates must meet the following entry requirements*:

  • Are Individual Members of AICB; AND
  • Possess SPM or an equivalent qualification.

*The institute may consider on a case-by-case basis individuals who do not meet the minimum education requirements.

APPROVALS

  1. All applications for enrolments or exemptions will be processed according to the requirements set out in the regulations.
  2. Applications will be processed upon receipt of full and complete documentation as stated in the Enrolment section.
  3. Approvals for enrolments or exemptions will be granted based on the information/documents submitted and candidates may be contacted if additional information is required.
  4. Candidates whose qualifications 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.
  5. Where the candidates’ qualifications have not previously been assessed by the Institute, a longer processing time will be required.
  6. Candidates will be informed of the Institute’s decision via email.

ENROLMENT

Candidates who submit incomplete applications (i.e. applications with incomplete details or supporting documents) will be given 30 days to provide the required information and/or documentation, failing which the application will be declined.

The documents required are as follows:

DOCUMENT REQUIRED

  • Certificate of qualification (minimum SPM or an equivalent qualification)
*The institute may consider on a case-by-case basis individuals who do not meet the minimum education requirements.


Important notes

  1. 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.
  2. The signatory must sign and date the documents, and provide the following details:
    • name
    • designation
    • email
    • contact number
  1. 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.
  2. 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.
  3. Malaysian qualifications should be listed in the Malaysian Qualifications Register (MQR) or on the Finance Accreditation Agency (FAA) website.
  4. AICB reserves the right to contact the awarding institute to verify the authenticity of the candidate’s qualifications.