The IFMP Anti-Money Laundering (AML)/Countering Financing of Terrorism (CFT) Certification Exam covers the basic concepts of ML-FT and their techniques, measures of countering ML-FT and the regulatory framework. This course is aimed towards all financial market participants.
OBJECTIVE OF THE EXAMINATION
The Anti-Money Laundering (AML)/Countering Financing of Terrorism (CFT) Certification is designed to meet the need of participants in the Financial Market of Pakistan including Banks, NBFCs, AMC, Intermediaries and Insurance Companies, public sector organizations and NGO’s/NPO’s
This Certification Programme is recommended for all the participants in the Financial Market of Pakistan.
The curriculum is divided into elements and these are broken down into a series of learning objectives. Each learning objective begins with one of the following prefixes: know, understand, be able to calculate and be able to apply. These words indicate the different levels of skill to be tested. Learning objectives prefixed:
- Know: require the candidate to recall information such as facts, rules and principles
- Understand: require the candidate to demonstrate comprehension of an issue, fact, rule or principle.
- Be able to calculate: Require the candidate to be able to use formulae to perform calculations.
- Be able to apply: Require the candidate to be able to apply their knowledge to a given set of circumstances in order to present a clear and detailed explanation of a situation, rule or principle.
Each examination paper is constructed from a specification that determines the weightings that will be given to each element. The specification is given below.
It is important to note that the numbers quoted may vary slightly from examination to examination as there is some flexibility to ensure that each examination has a consistent level of difficulty. However, the number of questions tested in each element will not change by more than plus or minus 2.
To download the summary syllabus of Anti-Money Laundering (AML)/Countering Financing of Terrorism (CFT) Certification Exam, please click here