Certification in Anti Money Laundering and Counter Financing of Terrorism (Malaysia)

Course level : ICA Advanced Certificates

Please note that this course is not mapped in accordance with the levels set within the Framework for Higher Education Qualifications (FHEQ) in England, Wales and Northern Ireland.

This certification is designed for those who wish to possess an understanding of the complexities surrounding Anti Money Laundering (AML) and Counter Financing of Terrorism (CFT) today.

You will develop a practical understanding of anti-money laundering principles and equip yourself with all of the knowledge you will require to begin or further a career in anti-money laundering. You will learn how to manage the risks of money laundering, terrorist financing and sanctions, gain an understanding of international initiatives to counter money laundering and terrorist financing. In addition, you will examine the importance and purpose of a robust governance structure in money laundering prevention and learn to identify the different money laundering typologies associated with different sectors such as money services business and insurance.

Using an immersive scenario to bring knowledge to life, you will practice your skills in risk management and under the guidance of the facilitator, enhance your ability to better manage money laundering and terrorist financing risks relating to your firm. You will be asked to review and assess information relating to the scenario and make judgement-based decisions during the workshop. There will be group discussions and activities to explore the rationale behind decisions made, discuss on best practices and the chance to learn from other participants.

You will gain knowledge applicable in the country where you work, as well as being internationally relevant.

This course is awarded in association with Alliance Manchester Business School, the University of Manchester.

What will you learn?

What is the money laundering and terrorist risk that must be managed?
The international bodies and standard setter
National (Malaysia) legal and regulatory framework
Taking an anti-money laundering risk-based approach and managing the risk
Initial and ongoing Customer Due Diligence
Monitoring activity and transaction
Recognizing and reporting suspicious activities
The vulnerability of specific products and services

Course format

This is a 4-month programme with a total of 14.5 hours of virtual classrooms. The course will commence with an orientation session which includes a walkthrough of the learning management system platform with a ‘live’ demo and zoom readiness in preparation for your virtual classroom. This includes an assessment guidance conducted by ICA and the Chief Examiner. This is followed by 3 sessions of virtual classrooms, 1 session of an immersive learning scenario and tutorial, as well as an assessment and examination best practice preparation workshop.

A mixture of guided online study and participation in live sessions:

1 x 1.5-hours orientation session
3 x 3-hours virtual classrooms
1 x 3-hours immersive learning scenario (putting you at the centre of a story) and tutorial
1 x 1 hour assessment and examination best practice preparation workshop

Videos covering each of the units and the latest industry developments
Access to the ICA members’ portal containing additional reading and resources
Proactive support throughout the course to help you stay on track

Download course syllabus

We have full syllabi available for all of our qualifications. Click here to download a syllabus for this course.

Who is the course suitable for?

New/recently appointed MLROs and deputies
New/recently appointed Financial Crime and Risk Officers
Compliance Officers
Internal auditors assuming responsibilities for money laundering/financial crime issues
All individuals engaged in financial services and who aspire to a career in anti money laundering

What are the entry requirements for this course?

Applicants for the programme must:

Be an individual member of AICB
Have a good general education (i.e. SPM or O Level)
Have the ability to complete the reading and written aspects of the programme in English

How will I be assessed?

One 1 hour and 45 minute open book examination
One 2,000-2,500 word assignment

Designation upon completion

You will be awarded dual certification:

Certification in Anti Money Laundering and Counter Financing of Terrorism awarded by ICA and AICB
ICA Advanced Certificate in Anti Money Laundering (International) awarded in association with Alliance Manchester Business School, The University of Manchester