Modules

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

CAMEX is a two-month qualification with a compulsory 1-day face-to-face or virtual workshop. Candidates will be provided with a comprehensive course manual for self-study and receive a qualification certification upon successful completion.

The CAMEX syllabus overview is as follows:

Chapter 1: Understanding Money Laundering (ML), Terrorism Financing (TF) and Proliferation Financing (PF)

  • What is money laundering
  • Why do criminals launder money
  • What are the consequences of money laundering
  • What are the 3 stages of money laundering — placement, layering and integration
  • What is terrorism and terrorism financing
  • What are the principal methods used in collection, transferring and use of funds by terrorist organisations
  • What is proliferation financing

Chapter 2: AML/CFT Framework and Governance

  • Overview of local and international AML/CFT legislation
  • Roles of competent authority and Law Enforcement Agencies (LEAs)
  • Recommendations and standards set by international bodies
  • Role and place of the compliance department in the organisation

Chapter 3: Risk Based Approach (RBA), Customer Due Diligence (CDD) and Suspicious Transaction Report (STR)

  • What is Risk-Based Approach (RBA)
  • How to conduct Customer Due Diligence (CDD), Enhanced Customer Due Diligence (ECDD) and simplified CDD
  • How to identify risk factors for risk profiling
  • What is Suspicious Transaction Report (STR)
  • How to review transactions that raise suspicion
  • How to file STR to competent authority

Chapter 4: Reporting Obligations of Reporting Institutions (RIs) and Responding to Investigations from Law Enforcement Agencies (LEAs)

  • What are the mandatory reporting aspects
  • How to avoid tipping off the customer
  • What are the various orders from LEAs
  • What are the responsibilities of Reporting Institutions (RIs)
  • What information is required to assist investigations by LEAs

Chapter 5: Money Laundering (ML) and Terrorism Financing (TF) Typologies

  • What are the various methods, techniques, schemes and instruments used by criminals in concealing, laundering or moving illicit funds
  • The emerging ML/TF trends carried out by criminals