Certified Anti-Money Laundering & Counter Financing of Terrorism Compliance Officer (CAMCO) - Professional Qualifications

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 Advanced Professional 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 is 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.

This qualification is offered with the support of Compliance Officers Networking Group (CONG) where the trainers are practitioners with many years of AML/CFT experience. Guest speakers from Law Enforcement Agencies (LEAs) are invited during the face-to-face and virtual workshop to share the insight on ML/TF enforcement and investigation challenges and experiences.
Programme Format
4-month part-time programme with a 2-day face-to-face and virtual 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 2 years of compliance-related working experience OR completed any recognised foundation level certification in AML/CFT with at least 1 year of related compliance working experience
Have relevant qualifications in the related area (optional but an added advantage)
Must be a member of AICB
Jointly Awarded by

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LEARNING LEVEL
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Training Workshops

MODULE & EXAM SITTING
Workshop Dates	Workshop Venue (face to face/ virtual)	Assignment Release Date	Due Date for Final Assignment Submission to AICB	Exam Date	Fees For workshop, assignment & exam)
23-24 Feb 2021 Group 1	Kuala Lumpur (Face to Face)	1 March 2021	26 Apr 2021	1 - 31 Jul 2021	Fee: RM3,000* *Subject to 6% Service Tax
17-18 March 2021 Group 2		23 March 2021	18 May 2021	1 - 31 Jul 2021
24-25 May 2021 Group 1		28 May 2021	23 Jul 2021	1 - 31 December 2021
22-23 June 2021 Group 2		28 June 2021	23 Aug 2021
27-28 Jul 2021 Group 3	Virtual	2 Aug 2021	27 Sept 2021
16-17 Aug 2021 Group 4	Kuala Lumpur (Face to Face)	20 Aug 2021	15 Oct 2021
16-17 Nov 2021	Kuala Lumpur (Face to Face)	22 Nov 2021	17 Jan 2022	1 - 31 March 2022

* Subject to changes, may be offered via virtual platform

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 with 3,500 words ± 10%
Examination - 80 multiple-choice questions (MCQs) [60 independent MCQs and 20 case-based MCQs]
PROGRAMME OUTLINE
MONEY LAUNDERING, TERRORISM FINANCING AND PROLIFERATION FINANCING : METHODOLOGIES
Methodology of money laundering, terrorism financing and proliferation financing
Differences between money laundering, terrorism financing and proliferation financing

INTERNATIONAL FRAMEWORKS AND STANDARDS FOR AML, CFT AND PF
The roles of international and regional bodies in preventing money laundering and terrorism financing
Adoption of international standards in the national strategy to combat money laundering and terrorism financing
Responding to AML/CFT legal framework

AMLA 2001 : A PRACTICAL APPROACH
Analysing the obligations of Reporting Institutions under AMLA
Dealing with freezing, seizure and forfeiture orders and its implications
Provisions of penalty for predicate offences under AMLA and relation to predicate offences

MALAYSIAN AML/CFT GOVERNANCE
Various Guidelines by regulators
Roles of the Competent Authority, LEAs and supervisory authorities
Predicate offences under Second Schedule

THE RISK-BASED APPROACH (RBA)
Implementation of RBA as part of Reporting Institutions’ overall risk management control
Methodology of Relationship-based Risk Assessment (RbRA)and Business-based Relationship Assessment (BbRA)
Assess the Reporting Institutions’ risk appetite based on the risk scoring and implementation measures

KNOW YOUR CUSTOMER POLICY : IMPORTANCE AND IMPLEMENTATION
Managing Customer Due Diligence (CDD)
Enhanced Customer Due Diligence (ECDD)
Ongoing monitoring
Politically Exposed Person (PEP) and Relatives & Close Associates (RCA)
e-KYC verification

ML/TF TYPOLOGIES
Emerging typologies
Methodologies and managing the risk

THE SUSPICIOUS TRANSACTION REPORT : IDENTIFYING, INVESTIGATING AND REPORTING OBLIGATIONS
Red flags that trigger suspicion
Comprehensive and quality STR
Implications of Tipping Off

SANCTIONS OVERVIEW
Managing sanctions risks
Application, effects and counter measures
Implications of sanctions to RIs

IMPLEMENTATION OF AML/CFT COMPLIANCE PROGRAMME
Pillars of compliance programme
Challenges in implementing a good compliance programme
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
Individuals who have completed this certification programme are eligible to apply to be an Associate Member of the Asian Institute of Chartered Bankers (AICB). Upon approval, members are entitled to use the designation, after their name ‘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:
at least 35 hours of relevant CPD activity in each calendar year, of which 20 hours must be structured CPD;
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 banks
Licensed investment banks
Licensed insurer, approved financial adviser, insurance broker for life business
Approved issuer of designated payment instrument
Approved money-brokers
Licensed Islamic banks
Licensed international Islamic banks
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
Moneylenders
Pawnbrokers
Real estate agents
Precious metals or precious stones dealers
Building credit business, development finance business, factoring business or leasing business
Trainers

YUNOS YUSOP
Yunos Yusop is currently the Money Laundering Compliance Officer and Group 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 had experience in setting-up the Group AML/CFT office for a leading universal banking group, served with a Fraud Intelligence Department & 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, specialist certificate in Money Laundering Risk in Correspondent Banking and Managing Sanctions Risk and Certified Professional AML/CFT (Manchester). Yunos is a Member of the International Compliance Association, Associate Member of Asian Institute of Chartered Bankers (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 is a Research Fellow of the Institute of Crime and Criminology, HELP University and moderates AML/CFT Module in MSc in Economic Crime Management, served as Deputy Chairman to the Compliance Officers Networking Group (CONG) in 2017 and former Director of Training for Malaysian Association Certified Fraud Examiners (MACFE) and EXCO Member for Transparency International Malaysia.
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 Group Chief Compliance Officer of a leading fintech digital remittance provider. In his current capacity, he reports directly into the Board of Directors overseeing Compliance matters for the jurisdictions the company operates in namely Malaysia, Brunei and Australia. In his previous role as the Head of AML/CFT at a foreign bank, he was involved in ensuring that the AML/CFT policy and procedures of the institution are consistent with regulatory requirements. Separately, he also provided advisory 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 has completed his Master in Business Administration (Leadership) at Asia-e-University
NURUL FITRAH MD NAZRI
Nurul Fitrah Md Nazri is the Head of Compliance Academy & Policy at a leading Malaysian bank. Previously, she headed Compliance Dept., at Touch n Go Sdn Bhd before she was transferred to CIMB Group AML Remediation Department under the Group Compliance.
She started her legal career with the Internal Affairs Division, Attorney General’s Chambers and has participated in international treaties negotiation as well as drafted several legislations relating to transnational organised crime. Later, she joined the FIED, BNM as AML/CFT policy analyst with primary role in sanctions policies and subject matter expert for terrorism financing. She was part of the team that drafted the AML/CFT Sector 1 policy and amendments to AMLATFPUA Act 2001. Besides that, she was also one of the resident speakers for BNM on AML/CFT.
Nurul Fitrah obtained her law degree from the International Islamic University and has extensive working experience in the legal and regulatory field.