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Anti-Money Laundering & Counter Financing of Terrorism (SCAM)
  • Overview
  • Training Workshops
  • Objectives & Outline
  • Certification & Designation
  • Participant Profile
  • Trainers
  • Overview
    The Anti-Money Laundering & Counter Financing of Terrorism (SCAM) 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 advanced 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
    LEARNING LEVEL
    Advanced
  • Training Workshops
    MODULE & EXAM SITTING
    Workshop Dates Workshop Venue
    Assignment Release Date
    Due Date for Final Assignment Submission to AICB
    Exam Date
    Fees
    For workshop, assignment & exam)
    16 – 17 Nov 2021 Kuala Lumpur
    (Online)
    22 Nov 2021 17 Jan 2022 1 - 31 Mar 2022 RM3,000*
    *Subject to 6% Service Tax
    15 – 16 Mar 2022 Kuala Lumpur
    (Face-to-face and/or Online)*
    21 Mar 2022 17 May 2022 1 - 31 Jul 2022
    * Subject to changes, may be offered via face-to-face and/or 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 Anti-Money Laundering & Counter Financing of Terrorism (SCAM), 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:
    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 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.

    AAZAD ANANTHAN

    Aazad Ananthan has 23 years of working experience in foreign banks including in Labuan offshore banks. During his tenure as a Trade Finance Manager at several banks in Labuan, he was responsible for overseeing the project to set up their Trade Finance Department and SWIFT payment system. Later, while heading the Compliance Department in these banks, he also managed the implementation of policy and procedures pertaining to the overall trade finance operations and compliance.

    Aazad holds a Bachelor of Jurisprudence (Law) from Universiti Malaya (UM), a Bachelor of Business Administration from Universiti Utara Malaysia and a Master of Commercial Law at University Malaya. He has an Advanced Certification in AML/CFT jointly awarded by the Asian Institute of Chartered Bankers and International Compliance Association in collaboration with the University of Manchester Business School; and Certified Integrity Officer (CeIO) qualification awarded by MACC Academy. Aazad specialises and delivers training in the subjects of anti-money laundering/ counter-financing of terrorism, sanctions compliance, anti-bribery/corruption (ABC) and provides consultancy work related to AML/CFT policy and procedures for the financial industry. He is a Senior Consultant and Integrity Officer at the Asian Banking School and is also a HRDF certified trainer.


    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, CAMCO advanced certification trainer and AML/CFT Level 1 course examination committee member.

    Nurul Fitrah obtained her law degree from the International Islamic University and has extensive working experience in the legal and regulatory field.

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