Certification in Anti Money Laundering and Counter Financing of Terrorism


Overview 

This certification is designed for those who wish to possess an understanding of the complexities surrounding Anti Money Laundering (AML) and Counter Financing of Terrorism (CFT) today.

You will develop a practical understanding of anti-money laundering principles and equip yourself with all of the knowledge you will require to begin or further a career in anti-money laundering. You will learn how to manage the risks of money laundering, terrorist financing and sanctions, gain an understanding of international initiatives to counter money laundering and terrorist financing. In addition, you will examine the importance and purpose of a robust governance structure in money laundering prevention and learn to identify the different money laundering typologies associated with different sectors such as money services business and insurance.

Using an immersive scenario to bring knowledge to life, you will practice your skills in risk management and under the guidance of the facilitator, enhance your ability to better manage money laundering and terrorist financing risks relating to your firm. You will be asked to review and assess information relating to the scenario and make judgement-based decisions during the workshop. There will be group discussions and activities to explore the rationale behind decisions made, discuss on best practices and the chance to learn from other participants.

You will gain knowledge applicable in the country where you work, as well as being internationally relevant.

 

What will you learn?

  • What is the money laundering and terrorist risk that must be managed?
  • The international bodies and standard setter
  • National (Malaysia) legal and regulatory framework
  • Taking an anti-money laundering risk-based approach and managing the risk
  • Initial and ongoing Customer Due Diligence
  • Monitoring activity and transaction
  • Recognizing and reporting suspicious activities
  • The vulnerability of specific products and services

View the full syllabus here

 

Course Format

This is a 4-month programme with a total of 14.5 hours of virtual classrooms. The course will commence with an orientation session which includes a walkthrough of the learning management system platform with a ‘live’ demo and zoom readiness in preparation for your virtual classroom. This includes an assessment guidance conducted by ICA and the Chief Examiner. This is followed by 3 sessions of virtual classrooms, 1 session of an immersive learning scenario and tutorial, as well as an assessment and examination best practice preparation workshop.

  • You will be assessed by
    • One x 2,000-2,500 word assignment, and
    • 1 hour and 45 minute open book examination
  • A mixture of guided online study and participation in live sessions:
    • 1 x 1.5-hours orientation session
    • 3 x 3-hours virtual classrooms
    • 1 x 3-hours immersive learning scenario (putting you at the centre of a story) and tutorial
    • 1 x 1 hour assessment and examination best practice preparation workshop
  • Videos covering each of the units and the latest industry developments
  • Access to the ICA members’ portal containing additional reading and resources
  • Proactive support throughout the course to help you stay on track

ICTW15166_MY-Cert In AML-CFT

 Download the course dates here 2022 workshop dates available

 

Who is this course suitable for?

  • New/recently appointed 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 to a career in anti money laundering 

 

Entry requirements

Applicants for the programme must:

  • Be an individual member of AICB
  • Have a good general education (i.e. SPM or O Level)
  • Have the ability to complete the reading and written aspects of the programme in English

Designation upon completion, you will be awarded dual certification:

  • Certification in Anti Money Laundering and Counter Financing of Terrorism awarded by ICA and AICB
  • ICA Advanced Certificate in Anti Money Laundering (International) awarded in association with Alliance Manchester Business School, The University of Manchester

What does it cost?

The fees payable for the various programmes depend on the student’s employer category as follows:

  • Published price: RM 6,360
 

Enrol with our partner

ENROL NOW

Can this course be taught in-house?

If you have a training requirement for more than 15 employees, why not contact us to discuss delivering the training in-house at your firm? It’s the ideal way to maximise your budget, minimise disruption and tailor content to your specific needs.

Call our dedicated in-house training team at +65 6500 0010 or email enquiries@int-comp.com.

Any questions?

Call AICB at +603-2095 6833, email enquiries@aicb.org.my or visit the AICB.

 

 

 

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Phone: +65 6500 0010

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© International Compliance Training Academy Registration number: 200706149E Period of registration: 12/3/2021- 11/3/2025.