International Compliance Association (ICA) Programmes

Hero banner qualification amlcft

INTERNATIONAL COMPLIANCE ASSOCIATION (ICA) PROGRAMMES

Logo of International Compliance Association (ICA) Programmes

INTRODUCTION TO INTERNATIONAL COMPLIANCE ASSOCIATION (ICA) PROGRAMMES

AICB, in a strategic partnership with the International Compliance Association (ICA) — a leading professional body for the global regulatory and financial crime compliance community — offers two (2) professional qualifications:

1. Professional Qualifications in Anti-Money Laundering / Counter Financing of Terrorism (AML / CFT)

AICB offers professional qualifications in Anti-Money Laundering / Counter Financing of Terrorism (AML / CFT) in a strategic partnership with ICA, a global education and training professional body in the field of Compliance, AML and Financial Crime Prevention.

The three (3) certifications available are as follows:

QualificationMembership
Certification in Anti-Money Laundering and Counter Financing in Terrorism (CAML)Affiliate
Advanced Certification in Anti-Money Laundering / Counter Financing in Terrorism (ACAML)Associate
Certified Professional in Financial Crime Compliance (CPFCC)Associate

2. Professional Qualifications in Regulatory Compliance (RC)

The professional qualifications in Regulatory Compliance (RC) are designed to equip banking professionals with skills in regulatory compliance and risk. As a certified RC professional, you will be able to advance your career and assume key positions in the area of regulatory compliance and risk.

The two (2) certifications available are as follows:

Qualification
Membership
Certification in Regulatory Compliance (CRC)Affiliate
Advanced Certification in Regulatory Compliance (ACRC)Associate

Both ICA programmes are mapped to the International Occupational Standards of Competency in AML / CFT and awarded by AICB and ICA. All ICA qualifications are awarded in association with the Alliance Manchester Business School, University of Manchester — the largest campus-based business and management school in the UK.

Note: Upon completion of Levels 1 or 2 of the respective ICA programmes, members may proceed to take the Chartered Banker qualification.

TARGET AUDIENCE

For more information on the target audience for the respective programmes, click here.

ENTRY REQUIREMENTS AND ENROLMENT

For more details on the entry requirements and documentation required for enrolment, click here.

MEMBERSHIP AND PROFESSIONAL DESIGNATION

Members who have completed the Advanced Certification in AML / CFT, Certified Professional in Financial Crime Compliance or Advanced Certification in Regulatory Compliance will be upgraded to ‘Associate’ status and are entitled to use the membership designation, ‘Associate, AICB’. Click here to find out more.

TARGET AUDIENCE

Professional Qualifications in Anti-Money Laundering / Counter Financing of Terrorism (AML / CFT)

Certification in Anti-Money Laundering and Counter Financing in Terrorism (CAML)

Advanced Certification in Anti-Money Laundering / Counter Financing in Terrorism (ACAML)

Certified Professional in Financial Crime Compliance (CPFCC)

  • New / recently appointed money laundering reporting officers (MLROs) and deputies
  • New / recently appointed financial crime and risk officers
  • Compliance officers
  • Internal auditors assuming responsibilities for money laundering / financial crime issues
  • All individuals engaged in financial services and who aspire towards a career in AML
  • Compliance, AML and financial crime officers
  • MLROs
  • Managers responsible for internal compliance controls
  • Internal and external audit staff
  • Company secretaries
  • Legal practitioners and support staff
  • Accountants
  • Heads of compliance, AML and financial crime
  • MLROs
  • Money laundering prevention officers
  • Compliance, AML and financial crime managers and senior staff
  • Senior risk staff
  • Regulatory representatives
  • Legal practitioners
  • Internal and external audit staff
  • Company secretaries
  • Accountants

Professional Qualifications in Regulatory Compliance (RC)

Certification in Regulatory Compliance (CRC)

Advanced Certification in Regulatory Compliance (ACRC)

  • New graduates from any discipline
  • Those wanting to build a career in compliance in the fields of banking, insurance and other financial services
  • Staff involved in risk functions and internal or external audit
  • Anyone with less than three years of experience in compliance or AML
  • Compliance, AML and financial crime officers
  • Money laundering reporting officers
  • Money laundering prevention officers
  • Managers with responsibility for internal compliance controls
  • Internal and external audit staff
  • Company secretaries
  • Legal practitioners and support staff
  • Accountants

ENTRY REQUIREMENTS AND ENROLMENT

  1. Candidates are required to be Individual Members of AICB.
  2. Candidates must meet the following entry requirements.

Professional Qualifications in Anti-Money Laundering / Counter Financing of Terrorism (AML / CFT)

Qualification Entry Requirements Documents Required for Enrolment
Certification in Anti-Money Laundering and Counter Financing of Terrorism (CAML)

Available to individuals who possess:

  • SPM or an equivalent qualification, AND
  • the ability to complete the reading and written aspects of the programme in English.
  • Certificate of highest qualification (minimum SPM or an equivalent qualification).
Advanced Certification in Anti-Money Laundering / Counter Financing of Terrorism (ACAML)

Available to individuals who:

  • have completed the Certification in Anti-Money Laundering and Counter Financing of Terrorism qualification and have at least 1 year of AML-related experience, OR
  • hold a recognised degree or professional qualification and have at least 3 years of AML-related experience.
  • Certification in Anti-Money Laundering and Counter Financing of Terrorism (ICA / AICB) certificate, OR certificate of highest qualification, AND
  • Curriculum vitae (CV) highlighting work experience in AML / CFT-related functions.
Certified Professional in Financial Crime Compliance (CPFCC)

Available to individuals who:

  • have 3 years’ experience in a C / C–1 role, e.g. leading AML / Compliance / Audit / Risk / Operations in Reporting Institutions under the AMLATFPUAA 2001, OR
  • hold an AICB / ICA Advanced Certification in AML / CFT OR Advanced Certification in Regulatory Compliance, with at least 7–8 years’ experience in senior roles in a related discipline AND are recommended by their Chief Compliance Officer.

Candidates who do not fully meet the above requirements may be considered case-to-case with the recommendation of the Chief Compliance Officer.

  • Certificate of highest qualification OR Advanced Certification in Anti-Money Laundering / Counter Financing of Terrorism (ICA / AICB) certificate OR Advanced Certification in Regulatory Compliance (ICA / AICB) certificate, AND
  • Qualification transcript, AND
  • CV highlighting work experience in AML / CFT-related functions, AND
  • Organisation chart showing candidate’s position.
  • Recommendation letter from Chief Compliance Officer (if applicable).

Professional Qualifications in Regulatory Compliance (RC)

Qualification Entry Requirements Documents Required for Enrolment
Certification in Regulatory Compliance (CRC)

Available to individuals who possess:

  • SPM or an equivalent qualification, AND
  • the ability to complete the reading and written aspects of the programme in English.
  • Certificate of highest qualification (minimum SPM or an equivalent qualification).

Advanced Certification in Regulatory Compliance (ACRC)

Available to individuals who:

  • have completed the Certification in Regulatory Compliance and have at least 1 year of compliance experience, OR
  • hold a recognised degree or professional qualification and have at least 3 years of compliance-related experience.
  • The Certification in Regulatory Compliance (ICA / AICB) certificate OR certificate of highest qualification, AND
  • Curriculum vitae (CV) highlighting work experience in compliance-related functions.

Important notes

  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 above.
  3. 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 the Institute.
  1. The signatory must sign and date the documents, and provide the following details
    • name
    • designation
    • email
    • contact number

*Please refer to the Certified True Copy sample here.

  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.
  5. Approvals for enrolments or exemptions will be granted based on the information / documents submitted and applicants may be contacted if additional information is required.
  6. 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.
  7. Where the candidates’ qualifications have not previously been assessed by the Institute, a longer processing time will be required.
  8. Candidates will be informed of the Institute’s decision via email.