CAMCO is a four-month part-time qualification (2 days of face-to-face or virtual workshop sessions). Students will be provided with a comprehensive course manual for self-study, and receive a professional certification upon successful completion. The CAMCO programme outline is as follows. For more information, please visit https://www.asianbankingschool.com/our-programmes/professional-qualifications.
Chapter 1: Money Laundering & Terrorism Financing: Methods and Practices
- Addition of Proliferation Financing (PF)
- Understanding the Differences of Money Laundering (ML)/Terrorism Financing (TF)/Proliferation Financing (PF)
- Roles of FI to Combat Proliferation Financing (PF)
- Impact of Money Laundering (ML)/Terrorism Financing (TF)/Proliferation Financing (PF)
Chapter 2: International Legal Framework on AML/CFT and International Standards
- Addition of Mutual Evaluation
- Addition of Regional Bodies and its Role
Chapter 3: Anti-Money Laundering, Anti-Terrorism Financing And Proceeds of Unlawful Activities Act 2001: A Practical Approach
- Analysing the Far-Reaching Impact of the Law and Enforcement
- The New Trend in Enforcing the Law
- Investigations
- Dealing with Terrorists’ Properties
Chapter 4: AML/CFT Governance
- Incorporating New BNM’s Policy Documents
- Updating new standard and regulations
- AMLA Orders Significant to FIs
Chapter 5: KYC Policy – Importance and Implementation
- Customer Due Diligence (CDD) during On-Boarding
- Types of Customer and Documentation Verification
- Importance of CDD
- Risk Associated with Failure to Conduct Effective CDD
- CDD vs Simplified DD vs Enhanced DD
- Source of Funds and Source of Wealth
Chapter 6: Risk Based Approach (RBA)
- Analysing the RBA Methodology
- RBA Factors
- RBA Guidance by FATF
- Rationale for RBA
- Documentation of the RBA process
Chapter 7: Suspicious Transaction Report (STR): Identifying, Investigating and Reporting Obligations
- Reporting Obligations under Section 14 of AMLA
- Automated AML/CFT Transaction Monitoring System
- Expectations of FIED
- On-going Monitoring
Chapter 8: Sanctions Overview (New Topic)
- What are Sanctions, its Importance and Purpose
- Far-Reaching Effect of Sanctions
Chapter 9: AML/CFT Compliance Programme (New Topic)
- What are the Components of Compliance Programme
- Regulations on Compliance Programme
- How to Implement Compliance Programme to Mitigate ML/TF risks
Chapter 10: ML/TF Typologies
- ML Typologies in various sectors/industries
- Emerging ML/TF Typologies
- Strengthening Risk Assessment in Combating ML/TF
