Internationally Certified AML Master (I-CAMM)

Enrollment Procedure for Certification

• Fees Payment
  • The certification fee must be paid at the time of enrollment.
  • The fee listed for the certification covers all essential materials, including:
    • E-book study materials
    • A single practice assessment
    • Two attempts for the final exam
• Exam Attempts
  • Each candidate is allowed two attempts to pass the final exam.
  • If both attempts are exhausted without passing, the candidate will need to pay an additional fee of $30 USD to gain access to one more attempt.
• Exam Details
  • The final exam consists of 100 multiple-choice questions (MCQs).
  • The exam must be completed in 90 minutes.
  • The passing score is 75%.
  • There is no negative marking for incorrect answers.
  • The exam results will be displayed immediately after submission on the screen.
• Certificate Download
  • Once a candidate successfully passes the exam, they can instantly download their certificate and share it on LinkedIn or any social media platform..

I-CAMM (International Certified AML Master) Certification Syllabus

Understanding Money Laundering and Terrorist Financing

• Defining Money Laundering and Terrorist Financing
• Economic and Social Impact of Money Laundering

Methods of Money Laundering

• Financial Institutions: Banks, Credit Unions, and MSBs
• Non-Bank Channels: Real Estate, High-Value Goods, and Art
• Technology-Enabled Laundering: Virtual Currencies and Digital Payment Systems

Trade-Based Money Laundering

• Trade-Based Money Laundering (TBML)
• Wildlife Trafficking and Black Market Peso Exchange

Red Flags in Financial Crimes

• Inconsistent Customer Identification Patterns
• Suspicious Wire Transfers and Non-Cash Payments
• Red Flags in Virtual Currency Usage

The KYC Lifecycle and Risk Management

• Types of Due Diligence: SDD, CDD, and EDD
• KYC Onboarding, Periodic Reviews, and Offboarding

Entity Types and KYC Considerations

• Private and Public Companies
• Trusts, Limited Partnerships (LP), and Special Purpose Vehicles (SPVs)
• High Net-Worth Individuals (HNWI), Government Entities, and Supranational Entities

KYC Documentation and Verification

• Legal Name, Registered Address, and Entity Status
• Source of Funds and Wealth Verification
• Identification of Directors, Shareholders, and UBOs

Risk Assessment in AML and KYC

• Geographic Risk and Product Risk
• Industry and Entity Type Risks: Shell Companies, SPVs, Offshore Companies
• Sanctions, Adverse Media, and PEP Risks

Global AML/KYC Regulations and Standards

• Financial Action Task Force (FATF)
• Basel Committee on Banking Supervision
• European Union Directives on Money Laundering (First to Seventh Directive)

This syllabus offers a comprehensive framework covering the essential knowledge required for mastering AML, KYC, and financial crime prevention.