AICB is pleased to introduce a new qualification, the Certified Anti-Money Laundering & Counter Financing of Terrorism Executive (CAMEX).

1. Overview

The Certified Anti-Money Laundering & Counter Financing of Terrorism Executive (CAMEX) qualification provides a comprehensive introduction to a range of topics critical to understanding the scope of Money Laundering (ML) and Terrorism Financing (TF). The qualification employs a practical approach to developing knowledge in terms of risk awareness, methods employed, and how the application of organisational policy and external law and regulations are intended to combat ML/TF activities.

Through the CAMEX qualification, candidates will increase their understanding of ML/TF and the high stakes issue of Proliferation Financing (PF). Upon completing the CAMEX qualification, candidates will be ideally positioned within their roles to comply with organisational requirements and understand the influences of law and regulations in a workplace context.

AICB offers the CAMEX qualification in collaboration with the Asian Banking School (ABS).

2. Entry Requirements

Candidates must meet the following entry requirements*:

• Are Individual Members of AICB, and
• Possess SPM or an equivalent qualification.

*The Institute may consider on a case-by-case basis individuals who do not meet the minimum education requirements.

3. Target Audience

• Staff of AML/CFT Compliance and financial crime officers.
• Internal and external audit staff.
• Staff of all Reporting Institutions (RIs) under the AMLATFPUAA 2001 First Schedule.
• Those interested in understanding the fundamentals of AML/CFT.
• Professional services related to AML/CFT.

4. Syllabus Overview

Chapter 1: Understanding Money Laundering (ML), Terrorism Financing (TF) and Proliferation Financing (PF)

• What is money laundering

• Why do criminals launder money

• What are the consequences of money laundering

• What are the three stages of money laundering — placement, layering and integration

• What is terrorism and terrorism financing

• What are the principal methods used in collection and transferring

• What is proliferation financing

Chapter 2: AML/CFT Framework and Governance

• Overview of local and international AML/CFT legislations

• Roles of Competent Authority and Law Enforcement Agencies (LEAs)

• Recommendations and standards set by international bodies

• Role and place of the Compliance Department in an organisation

Chapter 3: Risk Based Approach (RBA), Customer Due Diligence (CDD) and Suspicious Transaction Report (STR)

• What is Risk-Based Approach (RBA)

• How to conduct Customer Due Diligence (CDD), Enhanced Customer Due Diligence (ECDD) and simplified CDD

• How to identify risk factors for risk profiling

• What is Suspicious Transaction Report (STR)

• How to review transactions that raise suspicion

• How to file STR to Competent Authority

Chapter 4: Reporting Obligations of Reporting Institutions (RIs) and Responding to Investigations from Law Enforcement Agencies (LEAs)

• What are the mandatory reporting aspects

• How to avoid tipping off the customer

• What are the various orders from LEAs

• What are the responsibilities of Reporting Institutions (RIs)

• What information is required to assist investigations by LEAs

Chapter 5: Money Laundering (ML) and Terrorism Financing (TF) Typologies

• What are the various methods, techniques, schemes and instruments used by criminals in concealing, laundering or moving illicit funds

• The emerging ML/TF trends carried out by criminals

5. Qualification Format

• On average, candidates are expected to complete the CAMEX qualification in approximately 2 months.

• CAMEX employs a blended learning approach — self-study with a comprehensive course manual via an e-learning platform and a 1-day mandatory workshop.

• The assessment is via a multiple-choice examination.

6. Examination Format

To assist learning, candidates are provided with relevant learning support, including a mock examination.

7. Fee

Note: All fees paid are non-refundable and inclusive of 6% Service Tax.

8. Key Dates (relating to first examination sitting — December 2021)

9. Membership

Membership with a professional body is an added value proposition and a mark of public recognition and commitment to ethical conduct. Membership begins with enrolment in the CAMEX qualification. Upon completion, members must maintain their membership with AICB and adhere to AICB’s Code of Professional Conduct and Continuing Professional Development (CPD) requirements.

Click here for more information on the CAMEX qualification.

For enquiries, please contact AICB’s Member Services team at enquiries@aicb.org.my or call 1300-88-6833 / 03-2602 6833, or ABS at training@asianbankingschool.com.