Curriculum Overview of the I-CAMM Certification

The I-CAMM (International Certified AML Master) certification provides a robust framework for understanding and combating money laundering, terrorist financing, and financial crimes. Its syllabus is meticulously designed to equip professionals with advanced skills and knowledge across critical areas of AML and KYC compliance.

Key Modules Covered in the Syllabus:1. Understanding Money Laundering and Terrorist Financing

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

2. 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

3. Trade-Based Money Laundering

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

4. Red Flags in Financial Crimes

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

5. The KYC Lifecycle and Risk Management

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

6. 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

7. KYC Documentation and Verification

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

8. 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

9. 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)