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

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 of the work 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.

Classroom FIBA AMLCA Certification

Participants  will be required to complete a comprehensive reading list prior to attending a 2-day lecture. After the  2-day lecture, practice quiz and exam login information will be emailed to participants, who will have 90 days to complete the practice quizzes and certification exam.

In-House FIBA AMLCA Certification

FIBA can certify the entire staff at financial institutions. Please contact FIBA to request information regarding customized, enterprise-wide training.

The online practice quizzes help participants prepare for the certification exam.  There are a total of 23 quizzes, each of which can be taken twice to better prepare you to sit for the exam.

The exam consists of 100 comprehensive questions that must be completed within 1 hour and 45 minutes.  Attendees passing the exam with a 75% or higher mark will receive the prestigious FIBA AMLCA Certification.

To maintain the certification in active status, attendees are required to participate in 20 hours of continuing AML education every two years. Continuing AML education credits may be obtained through a variety of programs, such as the FIBA Anti Money Laundering Compliance Conference, FIBA webinars, FIBA events and other approved AML training programs, or through in-house AML training at your institution.

 

-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
-Recordkeeping & 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