Modules

Hero banner qualification amlcft

PROFESSIONAL QUALIFICATIONS IN ANTI-MONEY LAUNDERING/COUNTER FINANCING OF TERRORISM (AML/CFT)

A. Certification in AML/CFT

There are five compulsory modules in this qualification, covering the following topics:

Module 1: Understanding Money Laundering and Terrorist Financing

  1. Introduction: What is Money Laundering? How is Money Laundered? Limitations of the Staged Interpretation of Money Laundering
  2. Terrorist Financing
  3. International Initiatives Against Money Laundering and Terrorism Financing
  4. International Sanctions

Module 2: The Malaysian AML/CFT Regulatory Framework

  1. Introduction
  2. Legal and Regulatory Framework Preventive Measures
  3. Financial Intelligence and Law Enforcement Agencies
  4. Domestic and International Cooperation

Module 3: Customer Due Diligence (CDD), Risk Profiling and Detection Methodologies

  1. What is Customer Due Diligence?
  2. The Value of CDD Information
  3. Specific CDD Requirements
  4. Risk Profiling
  5. Enhanced and Simplified Customer Due Diligence
  6. Ongoing Monitoring and CDD

Module 4: Recognition, Handling and Reporting Transactions and Dealing with Authorities

  1. The Legal Obligation to Report
  2. Internal Suspicious Transaction Reports
  3. Cash Thresholds Reporting
  4. Reliance Upon Suspicion-Recognition Systems
  5. Designing an Effective Internal Reporting System
  6. The MLRO Evaluation Process
  7. Making a Suspicious Transaction Report (STR) to Law Enforcement
  8. Post-Reporting Considerations

Module 5: AML/CFT Typologies Across Industry Sectors

  1. Banking Sector
  2. Insurance Sector
  3. Investment Funds
  4. Investment Management Services and Securities
  5. Licensed Money Changers
  6. Non-Financial Professionals
  7. Web-Based Financial Services
  8. Parallel Banking Systems
  9. Corporate Services
  10. Charities and not-for-profit Organizations
  11. Mobile Financial Services
  12. Betting and Gaming Sector

B. Advanced Certification in AML/CFT

This is a single-module qualification comprising of 14 units of study that cover the following topics:

Unit 1: International Anti-Money Laundering/Counter-Terrorist Financing Strategies

Unit 2: The Malaysian AML/CFT Regulatory Framework

Unit 3: Money Laundering and Terrorist Financing – Definitions and Nature

Unit 4: The Risk-based Approach to AML/CFT

Unit 5: The Duties and Responsibilities of the Money Laundering Reporting Officer (MLRO)/Compliance Officer (AML/CFT)

Unit 6: Recognition, Handling and Reporting Suspicious Transactions

Unit 7: Post-reporting Considerations

Unit 8: Designing a Comprehensive Anti-Money Laundering Framework for a Financial Services Business

Unit 9: Dealing with the Authorities

Unit 10: Customer Due Diligence (CDD) and Risk Profiling

Unit 11: Financial Intelligence, Investigation and Enforcement

Unit 12: Engendering an Effective Compliance Culture and Maintaining a High Level of Awareness

Unit 13: Anti-Money Laundering Typologies Across Industry Sectors

Unit 14: AML/CFT Capital Markets

C. Certified Professional in Financial Crime Compliance

This is a four-module qualification that covers the following topics. Candidates are required to attend a face-to-face interview assessment with senior assessors from ICA upon successful completion of the eight masterclasses. The interview will take approximately three hours.

Module 1

Masterclass 1A: Current and Emerging Regulatory ‘Hot Topics’

Masterclass 1B: Using Corporate Governance Compliance for the Benefit of the Firm

Module 2

Masterclass 2A: AML/FCC in the Context of Organised Crime and Corruption

Masterclass 2B: Sanctions: Perspective from the Regulator

Module 3

Masterclass 3A: Strategic Risk Management for Leaders

Masterclass 3B: Development in Financial Crime

Module 4

Masterclass 4A: Cyber Security and Payment Services

Masterclass 4B: The Effective Use of Information Technology in AML/FCC