Hong Kong Monetary Authority (HKMA) works together with the banking industry to introduce an industry-wide competency framework – Enhanced Competency Framework (ECF) on Anti-money Laundering and Counter-financing of Terrorism (AML/CFT) to support talent development in AML/CFT.  The syllabus will be provided by the Hong Kong Institute of Bankers (HKIB) and this programme is offered for students to prepare for the ECF on AML/CFT Professional Level Examination.

Students who pass the examination with 3 years relevant work experience will be eligible to apply for Certified AML Professional (CAMLP). Please visit HKIB website (www.hkib.org/page/83) for further information on examination arrangements.

AML Lecturer:  Mr Russell Harding

Guest Speaker: Mr Edgar Ma, Director Compliance Hong Kong, Citibank (Hong Kong) Limited

The total number of contact hours is 18 for the entire programme.   

This programme aims to develop further the knowledge and skills of the more experienced practitioners in applying risk-based approach and risk management system for banks on AML/CFT in broader banking context and also effectively managing the interests of various stakeholders.

On completion of the programme, students should be able to:

1. Assess and analyze the compliance risk of different operations by applying a risk-based approach and take current and emerging AML/CFT trends, regulatory requirements, techniques and typologies into account
2. Develop compliance programme, control measures assessment tools and internal standards to manage compliance and fraud risk to align with laws and regulations particularly related to AML/CFT
3. Track and monitor of activities critical to compliance and detect non-compliance issues, suspicious and illegal transactions based on observation, data analysis and regulatory requirements
4. Manage and investigate incidents of non- compliance and develop mitigation strategies to minimize the impacts of breaches of regulations
5. Build an effective AML/CFT risk management system with risk-based approach to ensure regulatory changes and related compliance programme and measures are well communicated to the employees

• Application of the risk-based approach
• Building an effective AML/CFT risk management system
• The risk-based approach and AML/CFT risks in specialist topics
• Ensuring financial inclusion
• Managing stakeholders effectively

 

• Attendance Requirement: 
  • The minimum class attendance requirement is 70%.
  • Attend the whole programme session.
  • Participants will not be given attendance record if they are late and/ or absent from the programme session for more than 15 minutes.
  • Attendance for the entire programme is signified by the sign-in and sign-out records on the attendance form.

 

Assessment method:  

one individual assignment for whole programme

 

Upon completion the requirements of this programme, students will be awarded a Certificate for Module (Enhanced Competency Framework on Anti-Money Laundering and Counter-Financing of Terrorism Professional Level) within the HKU system through HKU SPACE

 

WAM Pilot Programme

This course has already been approved as an eligible course of the Financial Incentive Scheme for Professional Training (“the Scheme”) under the Pilot Programme to Enhance Talent Training for the Asset and Wealth Management Sector (“the Pilot Programme”).  The Scheme aims to enhance the competency and professionalism of in-service practitioners within the asset and wealth management sector and to assist other practitioners within the financial services industry in acquiring the knowledge and skills required for entering the sector.  Eligible applicants will be subsidised 80% of the course fees by the HKSAR Government upon satisfactory completion of the courses approved by HKU SPACE, subject to a ceiling of HK$15,000.   Hong Kong Securities and Investment Institute is appointed as the implementation agent of the Pilot Programme.  Regarding the details of eligible criteria and application procedures, please refer to the dedicated web-site of the Pilot Programme (https://www.wamtalent.org.hk/). 

• Participants who meet the eligibility criteria, attendance requirement and completion of the ECFAML programme can apply for reimbursement under the Scheme.
  • Eligibility: Please refer the details at the WAM Pilot Programme website.
  • Attendance Requirement: 
    • The minimum class attendance requirement is 70%.
    • Attend the whole programme session.
    • Participants will not be given attendance record if they are late and/ or absent from the programme session for more than 15 minutes.
    • Attendance for the entire programme is signified by the sign-in and sign-out records on the attendance form.

  • Satisfactory completion of the ECFAML programme: Eligible participants who wish to apply for reimbursement under the Scheme must follow the conditions govern the award of the programme to meet the requirements under the Scheme.

    • A student must be registered on this programme.
    • A student must have paid all due fees and amounts to HKU SPACE.
    • A student must have been examined in all the prescribed course work.
    • A student must have achieved Pass grades.
    • Students should meet a minimum of 70% attendance.
    • A student must have complied with the Regulations and its amendments made from time to time.

• Application to reimburse the course fee, together with the required documents, must be submitted within four months from the programme completion date. For ECFAML programme, eligible participants can apply for course reimbursement upon satisfactory completion of the programme. A Letter of Completion will be issued to the eligible participants as a proof of completion of the ECFAML course. The Letter of Completion will be sent to eligible participants by post upon completion of the ECFAML programme.

• For further information, please refer to the WAM Pilot Programme website.

Application Code	2255-FN045B	Apply Online Now
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Nov 2024 schedule

Lecture   Date                                    Time                                       

       1      2 Nov 2024 (Sat)                10:00 AM - 1:00 PM; 2:00 PM - 5:00 PM

       2       9 Nov 2024 (Sat)               10:00 AM - 1:00 PM; 2:00 PM - 5:00 PM

       3       16 Nov 2024 (Sat)              10:00 AM - 1:00 PM; 2:00 PM - 5:00 PM

 

Please keep an eye on our School Website or Learner Portal for updated information.  We will keep monitoring the situation closely and review the class arrangement in a timely manner.

To earn the certification of Certified AML Professional (CAMLP), candidates must be the Relevant Practitioners with at least 3 years of work experience in AML/CFT compliance and complete programme “Professional Certificate for ECF on Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT)” or have been grandfathered based on the required work experience upon the launch of the Professional Certificate programme.

Course Fee

• Course Fee : HK$5,000
• HK$600 (HKIB Study Guide - As pre-training assignment, students are required to complete the reading materials listed in the HKIB Study Guide before the training sessions. A digital version of Study Guide for amount HKD 600 is available for purchase by email at cs@hkib.org . For details, please contact HKIB at (852) 2153 7800 or visit https://www.hkib.org/ )

Applicants shall fulfill the following entry requirement:

• Advanced Certificate for ECF on Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT) awarded or grandfathered by The Hong Kong Institute of Bankers (HKIB)

Online Application Apply Now

Application Form Download Application Form

Enrolment Method

In Person / Mail

 

For first time enrolment

1. For first come, first served short courses, complete the Application for Enrolment Form SF26 and bring or post the completed form(s), together with the appropriate application/course fee(s) and any required supporting documents to any of the HKU SPACE enrolment centres.
   
   [Download Enrolment Form SF26]

2. Award-bearing and professional courses may require other information. Forms are usually available at the enrolment centres or on request from programme staff. Bring or post the completed form(s), together with the appropriate application/course fee(s) and any required supporting documents to any of the HKU SPACE enrolment centres.

For continuing enrolment in the same programme

1. The standard ‘Enrolment/Payment Slip’ is designed for students of award-bearing programmes or remaining programmes in a suite of programmes requiring continuing enrolment and it applies to most programmes.

2. Students should complete the “Enrolment/Payment Slip” which will be made available by relevant programme staff and return the slip to any HKU SPACE enrolment centre or post it to the relevant programme staff with appropriate fee payment.

Please refer to available Payment Methods for fee payment information.  If you are in doubt about the procedures, please check the individual course details, or contact our programme staff or enrolment centres.

 

Please note the followings for programme/course enrollment:

1. To make an application online, you will need a computer with connection to the Internet and a web browser with JavaScript enabled. Google Chrome is recommended.
2. Applicants should not leave the online application idle for more than 10 minutes.  Otherwise, applicants must restart the application process.
3. Only  Early Bird Discount is supported for Online Applicants (Application).  To enjoy other types of discount, please visit one of our enrolment centres.
4. During the online application process, asynchronous application and payment submission may occur.  Successful payment may not guarantee successful application.  In case of unsuccessful submission, our programme staff will contact you shortly.
5. Applicants are reminded that they should only apply for the same programme/course once through counter or online application.
6. For online enrolment, a payment confirmation page would be displayed after payment has been made successfully.  In addition, a confirmation email would also be sent to your email account.  You are advised to keep your payment confirmation for future enquiries.
7. Fees paid are not refundable except as statutorily provided or under very exceptional circumstances (e.g. course cancellation due to insufficient enrolment).
8. If admission is by selection, the official receipt is not a guarantee that your application has been accepted.  We will inform you of the result as soon as possible after the closing date for application.  Unsuccessful applicants will be given a refund of programme/course fee if already paid.

 

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