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FIBA AMLCA + FIBA AMLCA

FIBA AMLCA

FIBA AMLCA (also available online)

Primary Course Objectives                                         

Identity

  • Identity and examine the major money laundering risks a financial institution faces

Implement

  • Establish, implement, and enhance internal controls, policies, procedures, and processes to meet relevant regulatory requirements and mitigate AML risk

Report

  • Identity, investigate, and properly report suspicious activity

   

Eligibility/ Preparation

Participants should be employed in the financial industry.  Attendees are expected to complete a comprehensive pre-class reading list that will facilitate the successful completion of the exam. The reading list includes the most recent version of the FFIEC BSA/AML Manual, FinCEN and FATF advisories, and other relevant guidance.

 

Anticipated reading time:  10-15 hours

 

Who Should Attend

  • BSA/AML Compliance Officers
  • Consultants
  •  Bank examiners
  • Lawyers

Format/ Language

  • English or Spanish
  • Online Training
  • Classroom Training
  • Private Training in your Office or Country                                        

Course Content

Module I: From Anti-Money Laundering to Counter Terrorist Financing

  • The recent history of AML/CFT
  • Laws, regulations & international organizations
  • Consolidated structure concerns

                                               

Module II: From Theory to Practice: A Risk-Based Approach to AML

  • Assessing institutional risk
  • Customer identification, customer due diligence & enhanced due diligence
  • Record keeping & reporting requirements
  • Office of Foreign Assets Control

                                   

Module III: Mitigating Risk with Internal Controls

  • Internal controls
  • Risk & risk mitigation                                    

Module IV: Finding the Red Flags of Money Laundering: Monitoring, Identifying, Investigating, & Reporting

  • Monitoring for suspicious activity
  • Reporting suspicious activity
  • Responding to government process

                                                           

Module V: Preparing for Audits & Regulatory Examinations

  • Preparing for audits & examinations

                                               

Module VI: Training & Communicating with Boards and Management

  • Training
  • Communicating with boards and management                                 

                                                                                                 

 Online FIBA AMLCA Certification

When designing the FIBA AMLCA online certification program and exam, FIBA and FIU took into account the hectic nature of compliance officers' schedules. The online program is designed for self-directed independent study, and gives participants the flexibility to work at their own pace when completing the reading requirements, power point narratives, discussion questions, practice quizzes, and the examination. The online format utilizes a unique discussion forum in which students answer case-study questions and interact with classmates and the instructor. The only requirement is that all the work should be finished within a 12-week period.  Passing the final exam to earn the prestigious FIBA AMLCA designation shows that the participant has acquired the fundamentals of AML compliance in a financial institution.

FIBA CPAML + FIBA CPAML

FIBA CPAML

 PRIMARY COURSE OBJECTIVES

Enhance

  • Enhance analytical skills critical to effective decision making by the AML manager

Identity

  • Identity key objectives and strategies for the effective reporting to senior management and the board of directors

Improve

  • Improve overall management processes including development of comprehensive project plans

Eligibility/Preparation

The participant must already know the basics of AML compliance and analysis and have a minimum of three (3) years’ experience in a management or supervisory position.

 

Prior to the classroom program, participants must review the FIBA CPAML workbook, which consists of 8 case studies.  During the classroom program, participants will complete the case-study exercises and actively contribute to discussions.

 

Who should attend

  • Senior Compliance Officers
  • AML Department Managers
  • Risk Managers
  • AML Consultants

About the course

This advanced level course includes case studies and real examples of the challenges faced by the Senior AML Compliance Officer or AML Compliance Manager who is responsible for the entire AML compliance program at the institution.  This certification focuses on the analysis and interpretative side of AML compliance that is necessary in a risk-based regulatory environment.

Course Content

  • Developing and implementing a risk assessment
  • Conducting KYC updates and recommendations
  • Managing compliance with Examination Reports or   Supervisory Actions
  • Managing an AML Department via daily, weekly, and monthly task lists
  • Selecting and implementing a transaction-monitoring system
  •   Investigating and documenting Suspicious Activity Reports (SARs)

Format/ Language

  • English or Spanish
  • Classroom training
  • Private training in your office or country
  •  

 Classroom Training FIBA CPAML Certification

 Attendees are required to complete 8 case studies and pass the exam to earn their certification.

In-House FIBA CPAML Certification

FIBA can certify the entire staff at financial institutions. Please contact FIBA to request information on group discounts.

Certification Exam

The online examination consists of 3 essay questions that must be completed within a 3 hour and 30-minute time period.  The candidate must demonstrate an understanding of the application of AML laws and regulations in a variety of 'real life” scenarios. Attendees passing the exam with an 80% or higher mark will receive the prestigious FIBA CPAML certification.

 

Continuing Education

To maintain the certification in active status, attendees are required to participate in 10 hours of continuing AML education annually.  Continuing AML education credits may be obtained through a variety of programs, such as the FIBA Anti Money Laundering Conference, FIBA webinars, select FIBA events, other approved AML training programs, or through in-house AML training at your institution.