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Certified Anti-Money Laundering & Counter Financing of Terrorism Compliance Officer (CAMCO)
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Certified Anti-Money Laundering & Counter Financing of Terrorism Compliance Officer (CAMCO)
  • Overview
  • Training Workshops
  • Objectives & Outline
  • Certification & Designation
  • Participant Profile
  • Trainers
  • Overview
    The Certified Anti-Money Laundering & Counter Financing of Terrorism Compliance Officer (CAMCO) is an intermediate certification in Anti-Money Laundering & Counter Financing of Terrorism (AML/CFT) and designed for those looking to deepen their understanding of the complexities surrounding AML/CFT today. This certification is a comprehensive programme, covering a wide range of in-depth modules of AML/CFT and has been designed for those who perform or would like to undertake a specialist role in AML/CFT functions. By the end of the programme, you will have a detailed understanding of AML/CFT and its functions, as well as gain industry specific knowledge and information beneficial to your role in the industry.
    Programme Format
    • Four-month programme with two-day face to face workshop
    • Blended learning (self-study with a comprehensive course manual and dynamic e-learning platform)
    • An intermediate level programme leading to professional certification upon successful completion
    Entry Requirements
    • Have at least 3 years of AML/CFT-related working experience
    • Have the ability to complete the reading and written aspects of the programme in English
    • Have relevant qualifications in the related area (optional but an added advantage)
    Jointly Awarded by
    LEARNING LEVEL
    Intermediate
  • Training Workshops
    EXAM & WORKSHOP SCHEDULE FOR 2019
    Workshop Workshop Dates Venue Assignment
    (Latest Submission)
    Exam Date Exam Centre Fees
    (For workshop, assignment & exam)
    Workshop 1 12 – 13 Mar 2019
    Registration is closed
    Asian Banking School,
    Kuala Lumpur
    13 May 2019 24 Aug 2019 TBA RM3,000*
    Workshop 2 17 – 18 Apr 2019
    Registration is closed
    Labuan 17 Jun 2019 RM3,800*
    Workshop 3 13 – 14 May 2019
    Registration is closed
    Asian Banking School,
    Kuala Lumpur
    15 Jul 2019 7 Dec 2019 RM3,000*
    Workshop 4 19 – 20 Jun 2019 19 Aug 2019
    Workshop 5 8 – 9 Jul 2019 9 Sep 2019
    Workshop 6 5 – 6 Aug 2019 7 Oct 2019
    *Subject to 6% Service Tax per participant
    Enrolments are now open with AICB for Workshop Classes for the AML/CFT series of programmes for the dates listed. This timetable is for reference only.

    For more information on this programme and to register for Training Workshops, please visit www.aicb.org.my
  • Objectives & Outline
    LEARNING OBJECTIVES
    By the end of the programme, participants will be able to: 
    • Analyse and differentiate the process work for Money Laundering and Terrorism Financing
    • Apply the ‘Know Your Customer Policy’ (KYC) and Customer Due Diligence (CDD), Enhanced Customer Due Diligence (ECDD), RBA and reporting of STR
    • State the responsibilities of Reporting Institutions (RIs) under AMLATFPUAA 2001 and understanding the standards of International bodies on AML/CFT
    • Distinguish the different supporting regulations, in-depth discussion on the law enforcement agencies’ (LEAs’) and cases review
    • Understand typologies trends in AML/CFT
    Training Methodology

    Lectures and workshop-styled discussions

    Assessments

    • Submission of one assignment (3000-3500 words)
    • Two-and-a-half hours of 100 Multiple-Choice and Multiple-Selection Questions as well as case studies Multiple Selection Questions

    PROGRAMME OUTLINE

    MONEY LAUNDERING & TERRORISM FINANCING: ORIGIN & TYPOLOGIES

    • Origin of money laundering and terrorism financing and its stages
    • Analyse various organised techniques to launder their illegitimate income and terrorism financing

    INTERNATIONAL BODIES UNITED AGAINST MONEY LAUNDERING AND TERRORISM FINANCING
    • Appraise international bodies and their AML/CFT standards


    MALAYSIAN AMLATFPUAA 2001 & REGULATORY FRAMEWORK
    • Highlight the nature of predicate offence as a serious offence or a foreign serious offence
    • Regulatory framework and the scope of investigation, freezing, seizure and forfeiture of assets

    IMPLICATION OF NON-COMPLIANCE IN ANTI-MONEY LAUNDERING AND COUNTER TERRORISM FINANCING

    • Examine the various types of risk and general impact of non-compliance of AML/CFT to the RIs and country

    AML/CFT GUIDELINES IN MALAYSIA
    • Establish the important components under RBA and level of due diligence applied under various risk level
    • Highlight the importance of identifying the higher risk customers to apply higher level of monitoring

    SUSPICIOUS TRANSACTION REPORT (STR)
    • Review of transactions to distinguish suspicious transactions based on irregularity of transaction patterns or customer’s behaviour
    • Establish purpose of submission and the repercussion of Tipping Off

    SUPPORTING REGULATIONS
    • Distinguish the different supporting regulations and their importance to prevent money laundering and combating terrorism financing
    • Discussion on the law enforcement agencies’ (LEA) roles in enforcing the regulations and their powers in strengthening AML/CFT regulations

    ANTI MONEY LAUNDERING AND COUNTER FINANCING OF TERRORISM (AML/CFT) ACROSS ASEAN COUNTRIES
    • Distinguish and examine the AML/CFT legislations in other ASEAN countries

    REVIEW OF ANTI MONEY LAUNDERING AND COUNTER TERRORISM FINANCING CASES
    • Deploy a variety of case laws to analyse money laundering/terrorism financing

    EVOLVING AML/CFT TYPOLOGIES
    • Discussion on new and emerging typologies in money laundering and terrorism financing activities 

  • Certification & Designation
    CERTIFICATE AWARDED
    Upon successful completion of the programme, you will receive an Intermediate Certificate in Certified Anti-Money Laundering & Counter Financing of Terrorism Compliance Officer (CAMCO), awarded jointly by Asian Banking School (ABS) and Asian Institute of Chartered Bankers (AICB).
    DESIGNATION

    Individual who has completed this certification programme is eligible to be an Associate Member of Asian Institute Chartered Bankers (AICB). Upon approval, members are entitle to use the designation, ‘CAMCO’.

    CONTINUING PROFESSIONAL DEVELOPMENT

    Associate Members who have attained the professional designation must retain membership with AICB, adhere to the AICB’s Code of Professional Conduct and Continuing Professional Development (CPD) requirements. Members are required to undertake:
    1. at least 35 hours of relevant CPD activity in each calendar year, of which 20 hours must be structured CPD;
    2. at least 10 hours of the structured CPD must be in areas directly related to Banking and 5 hours of the structured CPD in Ethics and the remaining 5 hours can be any structured CPD activities.

    Visit www.aicb.org.my/membership/cpd for more information on CPD requirements
  • Participant Profile
    • All Reporting Institutions staff under AMLATFPUAA 2001 First Schedule
    • All staff of AML/CFT Compliance and Financial Crime Officers
    • Managers with responsibility for Internal Compliance Control
    • Internal and External Audit Staff
    • Accountants, Company Secretaries and Legal Practitioners
    • Licensed bank
    • Licensed investment bank
    • Licensed insurer, approved financial adviser, insurance broker for life busines
    • Approved issuer of designated payment instrument
    • Approved money-broker
    • Licensed Islamic bank
    • Licensed international Islamic bank
    • Licensed takaful operator, licensed international takaful operator, approved Islamic financial adviser, approved takaful broker for family takaful business
    • Approved issuer of designated Islamic payment instrument
    • Institution under Development Financial Institutions Act 2002
    • License holder dealing in securities, derivatives or fund management
    • Money Changers
    • Lembaga Tabung Haji
    • Pos Malaysia Bhd
    • Common gaming house
    • Licensee under Pool Betting Act 1967
    • Totalizator agency
    • Racing club (Public Sweepstakes)
    • Notary public
    • Trust company
    • Public Trust Corporation
    • Moneylender
    • Pawnbrokers
    • Real estate agent
    • Precious metals or precious stones dealer
    • Building credit business, development finance business, factoring business or leasing business
  • Trainers

    YUNOS YUSOP

    Yunos Yusop is currently the Money Laundering Compliance Officer and Head of AML/CFT Compliance at a Malaysian bank. He has had over 20 years of experience in the financial industry, which includes working on Risk Management projects with Bankers Trust of London (BT), Arthur Anderson, AT Kearny and other major consultation firms. He has also gained extensive experience managing and combating internal and external fraud while working with a Retired Deputy Director of CID of the Royal Malaysian Police. He was one of the founding members of the Group Anti-Money Laundering and Counter Financing Terrorism office for a leading universal banking group in the region. He has also served with a Fraud Intelligence Department and Forensic Services and was a former Head of Compliance and Head of AML/CFT for a foreign bank in Malaysia.

    Yunos holds a B.Economic (Hons), B.Jurisprudence (Law), an MBA (Finance) from Ecole Superieure de Gestion, Paris and holds a Certificate in Internal Auditing for Financial Institutions (CIAFIN) as well as an Advanced Certification in AML/CFT. Yunos is a Member of the International Compliance Association, Associate Member of AICB and Associate Member of the Malaysian Association Certified Fraud Examiners. He is also a Certified Professional Trainer (Malaysian Institute of Management) and Train The Trainer (HRDF) Malaysia. He was appointed a Research Fellow of the Institute of Crime and Criminology, HELP University in 2001 and the Alternate Chairman to the Compliance Group Networking Group in 2017. Yunos is currently the Director of Training for MACFE and an EXCO member of Transparency International.

    NIK NUUN ASMA BT NIK SULAIMAN

    Nik Nuun Asma Bt Nik Sulaiman has 34 years of working experience, with 31 years spent at the largest bank in Malaysia. During her tenure at the bank as Head of Group AML/CFT, she was responsible for overseeing the project to implement their AML system. Earlier, while heading Business Process Reengineering, she also managed the implementation of their Fraud System. Nik Nuun was also instrumental in setting up a Compliance department in the two organisations that she had served in and during her 3-year tenure with a Money Services Business company, and also contributed in the formation of the Group of Compliance Officers. She was also a committee member of the Compliance Networking Group and has led panel discussions at conferences and shared her experiences at forums through invitations from institutions that included the Ministry of Finance, Brunei, Central Bank of Vietnam and BII Bank, Indonesia. She also provided training on AML/CFT at the organisations she has worked at besides assisting MAMSB to train its members towards attaining a certification in AML/CFT.

    Nik Nuun has a Master of Science in Islamic Banking and Finance from the International Islamic University Malaysia and a Bachelor of Science in Agribusiness from the Agriculture University of Malaysia. She also holds an International Diploma in Anti Money Laundering from the International Compliance Association.



    MANJEEV SINGH

    Manjeev Singh is the Head of AML/CFT at a foreign bank based in Malaysia. His role specifically requires him to report to and reassure the Board and Senior Management that the AML/CFT policy and procedures of the institution are consistent with regulatory requirements. On a day-to-day basis, he provides an advisory capacity to the Business Units on the key aspects in managing the AML/CFT and Sanctions risks and ensures that the various systems related to AML/CFT monitoring remains robust and relevant to detect and deter financial crime risk.

    He has worked before at a global bank based in Kuala Lumpur and a Malaysian bank where he was instrumental to lead and liaise with various key stakeholders to ensure that proactive approaches had been taken to identify and manage financial crime risk. He was known for his “soft approach, hard solutions” mantra in achieving the various tasks that were assigned to him. Manjeev has also had various roles as a regulator and at the start of his career, was with a Big-4 accounting firm.

    Manjeev has a Bachelor of Accountancy (Hons) from Multimedia University and is a Certified Professional in AML/CFT Compliance. He is currently pursuing his Masters in Business Administration (Leadership) at Asia-e-University.

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