Anti-Money Laundering & Counter Financing of Terrorism (SCAM) - Professional Qualifications

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

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LEARNING LEVEL
Advanced
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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	RM3,000* *Subject to 6% Service Tax

* 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:
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.
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.