Following our 24 November 2021 announcement, “Transition Guidelines for AICB’s New Professional Education and Membership Framework”, we are pleased to share further information on AICB’s New Chartered Banker (CB) Membership and Qualification Framework (CB Framework). Kindly note that the new CB Framework will be implemented in June 2022, and enrolments for its qualifications will commence simultaneously.
Please find below the newCB Framework (Diagram 1).
A. Introduction of New Regulatory Compliance Modules
AICB is pleased to introduce two new modules on regulatory compliance in the new CB Framework, developed in collaboration with the Asian Banking School (ABS) (Diagram 2):
Diagram 2: New Regulatory Compliance Modules Offered in the New CB Framework
More details on these modules will be available in March 2022.
B. ICA Programmes Recognised by AICB as Equivalent to Chartered Banker Modules
The International Compliance Association (ICA) programmes recognised by AICB as equivalent to Chartered Banker Modules are detailed below (Table 1). Effective from the February 2023 intake, kindly note that members who register for these ICA programmes are required to complete the compulsory module — Professionalism and Ethics (PET) — to be awarded the Specialist Certificate.
| Specialisation | Chartered Banker Modules | ICA Programmes |
|---|---|---|
| Anti-Money Laundering / Counter Financing of Terrorism | L1: Certificate in Anti-Money Laundering & Counter Financing of Terrorism | L1: Certification in Anti-Money Laundering / Counter Financing of Terrorism |
| L2: Anti-Money Laundering & Counter Financing of Terrorism Practices | L2: Advanced Certification in Anti-Money Laundering / Counter Financing of Terrorism | |
| Regulatory Compliance | L1: Certificate in Regulatory Compliance | L1: Certification in Regulatory Compliance |
| L2: Regulatory Compliance Practices | L2: Advanced Certification in Regulatory Compliance |
Table 1: ICA Programmes Recognised by AICB as Equivalent to Chartered Banker Modules
C. Programme Fees
Fees for modules in the new CB Framework are as follows (Table 2), effective June 2022:
| Programme Level | Module | Workshop | Fees**(RM) | ||
|---|---|---|---|---|---|
| Module | Exam resit | Assignment | |||
Level 1 | Certificate in Financial Services (CFS) | — | 2,800 | 700 | N/A |
| Certificate in Credit (CCR) | — | 2,800 | 700 | N/A | |
| Certificate in Anti-Money Laundering & Counter Financing of Terrorism (CAM) — formerly CAMEX | ✓ | 3,400# | 700 | N/A | |
| Certificate in Regulatory Compliance (CRCOP) | ✓ | 4,000 | 700 | N/A | |
Level 2 | Professionalism and Ethics (PET) | — | 3,200 | 850 | N/A |
| Bank Audit Practices (BKA) | — | 3,200 | 850 | N/A | |
| Bank Risk Practices (BKR) | — | 3,200 | 850 | N/A | |
| Bank Business Credit Practices (BBC) | — | 3,200 | 850 | N/A | |
| Bank Retail Credit Practices (BRC) | — | 3,200 | 850 | N/A | |
Anti-Money Laundering & Counter Financing of Terrorism Practices (SCAM) — formerly CAMCO | ✓ | 4,000# | 500 | 350 | |
| Regulatory Compliance Practices (RCOP) | ✓ | 5,000 | 500 | 350 | |
Level 3 | Bank Risk Management (BRM) | — | 5,000 | N/A | 1,000 |
| Commercial Lending (COL) | — | 5,000 | N/A | 1,000 | |
| Bank Strategy, Operations and Technology (SOT) | — | 5,000 | N/A | 1,000 | |
Table 2: Programme Fees in the New CB Framework
**Fees paid are non-refundable and subject to 6% Service Tax.
#Applicable for
2022 only. Fee will be reviewed in 2023.
D. AICB’s Integrated Membership and Qualification Management System (IMQS) Upgrade
To accommodate the new CB Framework, AICB’s Integrated Membership and Qualification Management System (IMQS) will undergo upgrades and enhancements in two stages, during which AICB’s Member and Corporate Portals will be inaccessible.
All portal users are advised to take note of the following dates on which the respective portals will be inaccessible and make the necessary arrangements prior.
1. Member Portal
No. | Services Unavailable | Stage 1 | Stage 2 |
|---|---|---|---|
1 | Qualification Enrolment Note: The enrolment closing date for the May 2022 exam sitting is 20 March 2022. | 1–10 April 2022 | 3–12 June 2022 |
2 | Membership admission, renewal and re-admission | ||
3 | New module registration and exam re-sit registration | ||
4 | Access to online learning (study materials) | ||
5 | Sponsorship and payment requests | ||
6 | Access to e-Resources and CPD Diary updates | ||
7 | Event registrations | ||
8 | Extension of qualification time limit application | ||
9 | Amendments/updates for personal details or information | ||
10 | Exam bookings and delivery | No interruption — members can make bookings and sit for online examinations via the Chartered Banker Institute’s (CBI) portal. |
Table 3: Member Portal Services That Are Unavailable During the IMQS Upgrade
2. Corporate Portal
No. | Services Unavailable | Stage 1 | Stage 2 |
|---|---|---|---|
1 | Membership admission, renewal and re-admission | 1–10 April 2022 | 3–12 June 2022 |
2 | Sponsorship approvals and payment requests | ||
3 | Report generation |
Table 4: Corporate Portal Services That Are Unavailable During the IMQS Upgrade
For enquiries, please contact our Member Services team at enquiries@aicb.org.my or call 1300-88-6833 / 03-2602 6833.
Note: The information provided above is correct as of the publication date.
Equivalent qualifications in the new CB Framework are indicated with an asterisk (*) in Diagram 3 below.
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