AML/CFT Professional Certification- India

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There are sectoral agencies under the respective REs who conduct AML/KYC trainings as well as general institutions that cater to PMLA 2002 and basic KYC aspects. 

Benefits of AML/KYC certification

  • Helps professionals develop their knowledge of AML and KYC standards
  • Helps professionals develop their professional competence
  • Helps professionals build compliance teams for financial services companies

Some programmes that have come across author's   searches during Jan 2025 are listed below: This does not advocate any programme per se. It is for the readers to satisfy themselves about own needs and undertake the study. Authors have no quality checks or otherwise on any of that sorts regarding these institutions and their programmes.

Each sector has specific working knowledge and so prescribes specific examinations. However, there are certain courses that cater to general needs at different levels in the profession. 

Global agencies like FATF, IMF, World bank etc..also provide training in AML/CFT . Towards the end of this post, some of them are also covered. 

Sectoral Agencies

Banking

Indian Institute of Banking & Finance (IIBF),  Mumbai

Established in  1928 as a section 26 company under Indian Companies Act 1913 was known as Indian Institute of Bankers and subsequently renamed,  cater to professional needs of Banks& Financial Institutions as also their employees . The examination is conducted every 2nd and 4th Saturday of every month. Registration is normally open a week in advance of the test date.

 Syllabus

1.      Introduction to Money Laundering and Terrorism Financing

2.      Legal and Regulatory Framework

3.      Customer Due Diligence (CDD) and KYC Process

4.      Monitoring and Reporting Suspicious Transactions

5.      Compliance and Internal Controls

6.      Risk Management in KYC and AML

 

 

The detailed syllabus, schedules and rules regarding examination can be accessed on this link. he IIBF AML KYC certification is designed to provide banking and finance professionals with the knowledge required to identify and prevent financial crimes such as money laundering and fraud. The certification focuses on the legal and regulatory framework, customer identification processes, and how financial institutions can safeguard themselves from illegal activities.


Capital Market

National Institute of Securities Markets (NISM)

The National Institute of Securities Markets (NISM) is a public trust established in 2006 by the Securities and Exchange Board of India (SEBI), the regulator of the securities markets in India. The institute carries out a wide range of capacity building activities at various levels aimed at enhancing the quality standards in securities markets. 

Offers courses like the Certified Anti-Money Laundering Manager (CALM) course 


Course Content

The focus of this course is to enable the participants to identify potential and suspicious transactions and clients and be fully cognizant of the challenges and regulatory expectations. To this effect, the CALM course blends concepts, regulations, and practical experience to help you develop a robust AML Framework. Key modules include:

 

  • Introduction to AML/ CFT
  • Legal & Regulatory Framework
  • Core Concepts
  • Money Laundering Vulnerabilities
  • Transaction Monitoring & Reporting
  • Other International Agencies
  • Risk & Governance

For details, download the course prospectus.


Professionals: Chartered Accountants

ICAI, Delhi

Course Modules:

  • Module-I : Anti Money Laundering Laws, Treaties, Regulations and Nodal Authorities - An Overview
  • Module-II : Overview of the Allied laws
  • Module-III : Jurisprudence
  • Module-IV : Identifying, dealing and reporting with suspicious transactions & Money Laundering Test
  • Module-V : Emerging Modus Operandi for Money Laundering / Sector Specific issues of Money laundering and Global Trends (with reference to Case Studies and Case Laws )

For more details, pl access their website



Insurance


Insurance Institute of India


The Insurance Institute of India (IIOI) offers training and certification programs on Anti-Money Laundering (AML) and Know Your Customer (KYC) for insurance professionals.

NISM, Mumbai


In response to the escalating risk, governments and international authorities have enacted stringent AML regulations, placing legal obligations on insurance firms. Non-compliance carries severe penalties, including fines and potential imprisonment. In India, the Insurance Regulatory and Development Authority of India (IRDAI) has issued comprehensive guidelines, underscoring the importance of rigorous AML measures across all insurance sectors.

To effectively mitigate this risk, insurance professionals need to be comprehensively trained about Anti-Money Laundering concepts, risks, roles & responsibilities, amongst other things. Such training equips us with the necessary knowledge and skills to navigate the complexities of tracking cash trails and identifying suspicious activities.

Casinos & Gaming Sector

ACAMS


The high risks relating to casinos and gaming mean that robust due diligence checks on customers are vital to stop illicit funds from flowing through the industry. As a result, appropriate AML casino training and AML gambling training, is imperative for compliance and non-compliance employees alike in these sectors.

The AML Foundations for Gaming course breaks a complex topic down into a bite-size learning path. It applies key anti-money laundering (AML) concepts to the context of the gaming industry, including know your customer (KYC), transaction monitoring (TM), and customer due diligence (CDD). You will also learn about your obligations to report suspicious activity, and what the suspicious activity reporting process entails.

Coverage

  • Differentiate between the types of financial crime
  • Identify financial crime risks specific to your business
  • Implement a robust risk management program
  • Determine the key information you need to collect from your customers
  • Identify and escalate suspicious activity


General Training Institutions


ASAP, Kerala

Additional Skill Acquisition Programme (ASAP) Kerala is a Section-8 Company of the Department of Higher Education, Government of Kerala, that focuses on skilling students and the general community to enhance their employability. Instituted in 2012, ASAP Kerala transitioned to a company under the Companies Act, 2013, in 2021.


Certificate course in AML/KYC

The course aims to provide comprehensive coverage of the various guidelines/ standards/ guidance notes issued by RBI/ IBA/ International bodies etc. The objective is to provide advanced knowledge and understanding in AML/ KYC standards and to develop the professional competence of employees of banks and financial institutions.

Indiaforensic

Offers programs like the Certified Anti-Money Laundering Expert (CAME) program, the Risk-Based Approach to KYC program, and the Enhanced AML KYC Certification 

Vskills

Offers the Certified AML-KYC Compliance Officer certification. 


DridhOn

Offers the CAMP Certification AML KYC Training course, which covers topics like customer due diligence and customer risk profiling 


ACAMS

KYC Foundations certificate is an online AML course for both new and experienced professionals. Undertaking KYC and CDD training prepares compliance teams to meet increasing regulator expectations and establishes a fundamental baseline of knowledge in this area.



Global Agencies

A. FATF Training Institute, Busan, Korea

Through a multipronged training programme, the FATF works to strengthen the effective implementation of the FATF Standards to combat money laundering, terrorism financing and the financing of proliferation of weapons of mass destruction across the FATF’s Global Network. Government officials can take part in in-person or virtual classroom training, organised in the FATF Training Institute which welcomes students from around the world. The FATF Training Institute is supported by the Government of Korea, and the Metropolitan city of Busan. In addition to the in-person training sessions, the FATF also organises on-demand, on-line training sessions. 

These modules, open to government officials from the FATF’s Global Network of over 200 countries and jurisdictions, cover a range of topic such as the application of the FATF Standards on virtual assets or the detection ad prevention of the financing of proliferation of weapons of mass destruction.

 B. FATF Training and Research Institute (TREIN)

 

Today, the opening ceremony of the FATF Training and ResearchInstitute (TREIN) took place in Busan on  20 September 2016. 

he TREIN institute meets the need for training and capacity-building in the implementation of anti-money laundering and counter-terrorist financing (AML/CFT) measures.  Through the institute’s facilities, government officials from all member countries of the will have access to a comprehensive training and research programme.  Low capacity countries or countries with a less mature AML/CFT regime, will be able to benefit greatly from this additional expertise and research.

The institute will also provide a venue for the training of government officials involved in the assessments, or , of countries’ implementation of effective AML/CFT measures.   Assessors, reviewers and officials whose country is being reviewed, will learn more about the way the FATF and the FATF-Style Regional Bodies (FSRBs) measure the effectiveness of an AML/CFT regime.

C. International Monetary Fund(IMF)

 

Online: Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) Risk-based Supervision of Financial Institutions (AMLCFTX)

 

Presented by the Legal Department, is designed to highlight the key and core building blocks of a risk-based regulation and supervision framework of off- and on-site activities for supervisory authorities. It discusses the risk-based approach to AML/CFT regulation and supervision, as applied to financial institutions subject to the Core Principles and takes into account the importance of developing robust and effective risk-based supervisory frameworks in line with the international standards for the banking, securities, and insurance sectors.

D. World Bank

Anti-Money Laundering/Counter Financing of Terrorism (AML/CFT) training program for the Middle East and East Africa Regions (Inglês)

The World Bank started to roll out its Anti-Money Laundering/Counter Financing of Terrorism (AML/CFT) training program for the Middle East and East Africa regions. The program had three objectives: i) to strengthen the relevant authorities in each jurisdiction, the capacity to investigate, effectively freeze terrorist’s funding and assets, and successfully prosecute CFT offences; ii) to support authorities to implement the United Nations Security



Happy Reading


Those who read this, also read:


1. Anti-Money Laundering: Definitions, Origins





Formerly Faculty for Finance & Associate Dean, IBS-Kochi MBA (Banking & Finance – CUSAT);CFA. Accredited Management Teacher from CME of AIMA, Delhi has been in Management Education from 1988. Exposure is in the field of Mutual Funds, Market Research, Project Report preparation & evaluation, Advertising & NGO Activities. This Chief Manager, UTI Asset Management Co Pvt. Ltd(1992-2003), Mumbai. Undergone training in Case Study method of teaching under Mr. Trevor Williams and Mr. Scott M Andrews conducted by the ECCH, UK . Published Books & Book Review, Series of academic articles and maintains a column on MFs under "Fund scan" in Business Manorama since January 2007,Contributes "Portfolio Doctor" column for 'Sampadyam' a wealth mgt publication in Malayalam from manorama group since February 2007, Listed her case studies at asiacase.com.Presented papers in national & international conferences on Mutual Funds. Faculty Member @ ASIET, Kalady from 2010 to June 2019. Dean @ SNGIST, N Paravur, Ernakulam from Sep 2019 -Jan 2021, I continue my efforts to spread the knowledge in area of Finance and contribute to Management Education

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