The AMLC Prac (SA) provides an opportunity for those tasked with anti-money laundering (AML) / anti-financial crime (AFC) to professionalise their careers and to be awarded a SAQA-registered designation.
CANDIDATE PROFILE
Candidates are tasked with or involved in their organisation's anti-money laundering (AML) / anti-financial crime (AFC) efforts and activities. Typical activities include:
- Understand and being up to date with the AML / AFC regulatory framework, principles and standards, e.g FATF recommendations, FIC Act, etc.
- Implement and apply a risk-based approach to AML / AFC
- Assist with the compilation and evaluation of the organisation's Risk Management and Compliance program (RMCP)
- CDD / EDD
- Transaction monitoring
- Detect, investigate alerts, report suspicious activities and or transactions (SAR's / STR's)
- Provide advice and guidance in relation to legislative / regulatory requirements, alerts, suspicious or unusual activities
- Identify training requirements of the organisation, monitor that training is undertaken and compliant with regulatory requirements
- Continuous improvement of the AML / AFC RMCP / process
- Oversight and management of AML / AFC teams
- Understand the digital landscape, contribute to technology plan and the relevant technology requirements, identify system improvements or alternative systems that can improve overall team efficiency
ELIGIBILITY REQUIREMENTS
- Qualification: Must hold at least Matric / NQF 4
- Work experience: Must have at least 3 years' relevant work experience
Remember - the lower the qualification, the more work experience will be required.
NEXT EXAM DATE
Exam: 10 July 2024
Registrations opening soon!
Registrations close: 10 May 2024
All applicants MUST attend the prep session: 17 May 2024
Exam: 23 October 2024
Registrations open: 11 May 2024
Registrations close: 1 July 2024
All applicants MUST attend the prep session: 16 August 2024
If you scored < 70% talk to us about next steps at enquiries@compliancesa.com