Advanced Certificate for ECF on Anti-Money Laundering and Counter-Financing of Terrorism [AML / CFT]

Transcription

1 Advanced Certificate for ECF on Anti-Money Laundering and Counter-Financing of Terrorism [AML / CFT] QF Level 4 (QR registration no. 17/000109/L4) # Scan our QR code to visit our website # The qualification is accredited by the Hong Kong Council for Accreditation of Academic and Vocational Qualifications (HKCAAVQ), with validity from 1 December 2016 to 30 November 2020.

2 Enhanced Competency Framework for banking practitioners With an aim to support capacity building and talent development for banking professionals, the Hong Kong Monetary Authority (HKMA) works together with the banking industry to introduce an industry-wide competency framework - Enhanced Competency Framework (ECF) for banking practitioners. Under the ECF for banking practitioners, successive training and qualification programmes will be introduced for various streams of professional work in the banking sector over the next few years, starting with antimoney laundering and counter-financing of terrorism (AML/CFT). The Hong Kong Institute of Bankers (HKIB) is the training and qualification provider for the ECF on Anti- Money Laundering and Counter-Financing of Terrorism (AML/CFT), with the following objectives: To develop a sustainable pool of AML/CFT practitioners for the banking industry; AND To raise and maintain the professional competence of AML/CFT practitioners in the banking industry. Qualifications Framework by HKCAAVQ HKIB s Advanced Certificate for ECF on Anti-Money Laundering and Counter-Financing of Terrorism [AML/CFT] has been officially accredited at Level 4 within the Qualifications Framework (QF) by the Hong Kong Council for Accreditation of Academic and Vocational Qualifications (HKCAAVQ). (QR registration number 17/000109/L4) Becoming an Associate AML Professional (AAMLP) (1) Training Programme and Examination To earn the certification of Associate AML Professional (AAMLP), candidates must successfully complete the programme Advanced Certificate for ECF on Anti-Money Laundering and Counter-Financing of Terrorism [AML/CFT]. Candidates must first complete the subject training sessions, and proceed to the examination after their completion of training sessions. After passing the examination, candidates will be awarded the Advanced Certificate for ECF on Anti-Money Laundering and Counter-Financing of Terrorism [AML/CFT]. (2) Certified Individual (CI) It is mandatory for all individuals to maintain a valid membership status with HKIB if the applicants want to apply for and maintain AAMLP designation. AAMLP Certification Holders will be registered as CI and included in a public register on the HKIB website. The CI Register posted on the HKIB website enables the public recognition of AAMLP Certification Holders. (3) Continuing Professional Development (CPD) All AAMLP Certification Holders are required to comply with annual Continuing Professional Development (CPD) Scheme. AAMLP Certification Holder is required to undertake a minimum of 10 hours of verifiable CPD, of which at least 5 hours should be on AML/CFT while the remaining CPD hours should be on compliance (including financial crime compliance), risk management, ethics, or legal and regulatory requirements.

3 Programme Content Syllabus focuses in enhancing competency standards in knowledge, complying with procedures and policies, using existing systems and identifying areas for improvement. Learning Outcomes Upon completion of the program, candidates should be able to Explain what money laundering / terrorist financing (ML/TF) is and how to relate it to the banking and finance sector and to the work of Relevant Practitioners in Hong Kong Specify the importance of ML/TF related to Hong Kong banking and finance sector Describe the anti-money laundering and counterterrorist financing (AML/CFT) International Standards and related Hong Kong legal and regulatory framework Programme Outlines Fighting money laundering/ terrorist financing (ML/TF) Why it is important and what is the legal/ regulatory framework? Managing the Risk of ML/TF in Banks in Hong Kong How does ML/TF take place? How Can Banks Combat ML/TF Through Establishing ML/TF Risk Management Framework? Knowing Your Customer Customer Due Diligence Monitoring, Sanctions Compliance and Suspicious Transaction Reporting Identify key elements of AML/CFT risk management framework in system design and assess the related risks Assess the transactions pattern and apply customer due diligence requirements for identifying suspicious transactions for reporting Apply and assess the ongoing AML/CFT monitoring system and investigation process Target Participants Entry-level relevant practitioners with less than three years of relevant work experience Entry Requirements The progamme is open to members / non-members of HKIB. Candidates must fulfill the stipulated minimum entry requirements: A Bachelor s Degree awarded by a recognized university or equivalent; OR An Associate Degree / Higher Diploma in Banking and Finance area; OR Relevant professional qualifications; OR Mature Student (aged 21 or above) with either At least 5 years of banking and finance working experience; OR 2 years of banking and finance experience with recommendation of employer 1 ; OR Registered HKIB student members or postsecondary full time students Note 1: The recommended staff member should have the knowledge and skills to complete the training activities and achieve the intended learning outcomes. The employer should make the recommendation based on the competency of the potential learner. For example, in addition to 2 years of banking and finance experience, the recommended staff member also possesses other relevant traits and skills such as exhibiting a strong work ethic or transferable skills that the employer finds desirable. The recommendation may also include comments on the career advancement prospects of the staff member. Learning Mode Tuition (15 Hours); OR Tutorial (6 Hours) Certification Administered by HKIB, current and relevant practitioners will be certified as an Associate AML Professional (AAMLP) at Core Level when they have successfully: completed the training program; AND passed the examination Medium of Programme Training is delivered through classroom and home study in either Cantonese or English supplemented with English materials. All the examination questions are set in English only. Submit the completed enrollment form by fax/ by / to our Institute in person General Enquiries Tel : Fax: (852) (852) hkib@hkib.org Website : Address : 3/F Guangdong Investment Tower, 148 Connaught Road Central, Sheung Wan

4 Integration of ECF in Certified Banker (CB) Certified Banker (CB) is a new professional qualification developed and run by the HKIB to assist banking practitioners at all levels raise their professional standards with skills relevant for this fast-changing banking environment. It also provides a common qualification benchmark for individuals and employers that is recognised by regulators and leading authorised institutions. CB Certified Banker CB SPEALIST STREAM With 3 years banking or finance related working experience Postgraduate Diploma in Credit / Treasury / Operations Management for Certified Banker <QF level 6> Complete TWO subjects from any ONE of the specialist streams and attain a pass in the case study examination of the respective specialist stream Credit Management Treasury Management Operations Management CB (Stage II) ELECTIVE Bank Lending Credit Risk Management Bank Asset and Liability Management Treasury Markets and Operations Banking Law and Practice Operational Risk Management Professional Diploma for Certified Banker <QF level 5> Complete any TWO Elective Subjects CB (Stage I) CORE + ELECTIVE Corporate Finance Services Business and People Management Finance of International Trade Management of Information Systems in Banking Advanced Diploma for Certified Banker <QF level 4> Complete ONE Core Subject and TWO Elective Subjects Core Subject Banking Services and Professional Ethics Elective Subjects Fundamentals of Accounting and Law in Banking Financial Systems and Risk Management (Core level): Anti-Money Laundering and Counter-Financing of Terrorism [AML/CFT]

5 Enhanced Competency Framework (ECF) Core Level Anti-Money Laundering and Counter-Financing of Terrorism [AML/CFT] Training Programme and Examination Schedule 2017 Training Programme 2 Month Learning Mode Programme Code Date (2017) Time Language Deadline Fee () May Tuition (15 hours) HA-S14-PP , 13 May (Sat) 10:00 13:00 &14:00 17:00 20 May (Sat) 10:00 13:00 English (supplemented with English materials) 24 Apr (Mon) 3,600 Student Discount 1 Tutorial (6 hours) HA-S14-TP <FULL> 16 & 23 May (Tue) 19:00-22:00 Cantonese (supplemented with English materials) 4 May (Thu) 1,800 Tutorial (6 hours) HA-S14-TP & 8 Jun (Tue & Thu) 19:00-22:00 English (supplemented with English materials) 23 May (Tue) 1,800 June Tuition (15 hours) HA-S14-PP , 17 Jun (Sat) 10:00 13:00 &14:00 17:00 24 Jun (Sat) 10:00 13:00 Cantonese (supplemented with English materials) 30 May (Tue) 3,600 Student Discount 1 Tutorial (6 hours) HA-S14-TP *New 13, 14 Jun (Tue & Wed) 19:00 22:00 Cantonese (supplemented with English materials) 5 Jun (Mon) 1,800 Examination Month Examination Code Date (2017) Time Deadline Fee () May HE-A May (Thu) 19:00-21:30 24 Mar (Fri) July HE-A Jul (Tue) 19:00 21:30 2 Jun (Fri) August HE-A Aug (Tue) 19:00 21:30 7 Jul (Fri) 980 Student Discount Student Discount Student Discount 1 Programme Details: Venue : 3/F Guangdong Investment Tower, 148 Connaught Road Central, HK (Sheung Wan MTR Station Exit C) (unless other venue specify in training class confirmation / examination attendance notice) Enrollment : By fax at or at application@hkib.org or submit to our institute in person Note: 1. HKIB student members can enjoy 25% off tuition programme fee discount and 50% off examination fee discount on all subjects under CB (Stage I). 2. The programme has been included in the list of reimbursable courses for WAM pilot programme. For WAM pilot programme applicants, 80% of the course fee (examination fee excluded) will be reimbursed upon meeting the 80% attendance requirement. For more details, please visit: 3. For application to tutorial programme, at least 2 years of relevant work experience / senior officer grade or above is highly recommended. 4. A late entry fee of 200 will apply for late programme or examination enrolment 5. HKIB reserves the right to cancel, modify, and/or postpone the programme and/or examination For Enquiries: Address: 3/F Guangdong Investment Tower, 148 Connaught Road Central, HK (Sheung Wan MTR Station Exit C) Tel: (852) hkib@hkib.org Fax: (852) V

6 Professional Banking Qualifications: Certified Banker (CB) Certified Banker (CB) (Stage II) Certified Banker (CB) (Stage I) Certified Financial Management Planner (CFMP) Enhanced Competency Framework (ECF) Form (HK) Membership / Training Programme / Examination Please read the Important Notes for on page 1 BEFORE completing this form

7 IMPORTANT NOTES FOR APPLICATION This Form is designed to facilitate applicants to apply for HKIB membership, programme and examination by submitting one single form. Applicants may choose to complete the respective sections as deemed appropriate. A. Membership 1. Applicants shall settle a one-off first registration fee and the subscription fee upon joining HKIB. 2. Individual Membership shall run from 1 January to 31 December in each calendar year. Members who fail to pay their subscription fees by 31 January of each calendar year will be treated as default members and the reinstatement policy will therefore be applied. 3. It is compulsory for all individuals to maintain a valid membership status with HKIB if the applicants want to be elected and maintain HKIB professional designations (e.g. CB, CB (Stage II), CB (Stage I), CFMP, AAMLP and CAMLP). For all professional designation holders, they have to maintain HKIB professional membership status and fulfill annual CPD requirement. 4. All HKIB members are eligible to apply for HKIB professional qualification programmes and/or examinations. However, non-members can still enroll for ECF programme and/or examination only if they are not applying for any professional designation. B. Training Programme 1. Payment must be settled before course commencement. 2. Late programme enrolment will be accepted up to 7 days after the stipulated application deadline. A late entry fee of 200 (in addition to the programme fee) will apply. 3. Participants who have settled payments will receive course confirmation by 7 days prior to the course commencement date. 4. Participants are obligated to inform the Institute if you do not receive the confirmation 3 days before the course begins. 5. Places will be allocated on first-come-first-serve basis. 6. We reserve the right to reject an enrolment at any time. 7. Participants can apply for the Government funding. Please visit for the list of reimbursable pilot programmes under Asset and Wealth Management (WAM) sector and also the relevant details. Please note that only programme fee can be applied for funding and examination fee is excluded. C. Examination 1. Candidates who are taking the current training programme can choose to sit for the current examination or any subsequent ones. They can choose to sit for subsequent examinations but if the training programme has been changed or updated, they may be required to re-take the tuition programme in order to be eligible for taking the examination for the subject. 2. Entries must comply with the regulations and timetable published in the handbook or on the HKIB website. 3. Late examination enrolment will be accepted up to 14 days after the stipulated application deadline. A late entry fee of 200 (in addition to the examination fee) will apply. 4. Under no circumstances will change of subject entry be allowed. 5. Under no circumstances will the examination fees be refunded or transferred. 6. Examination Attendance Notices will be sent to candidates via about 2 weeks before the examinations. You are obligated to inform the Institute if you do not receive Attendance Notice 1 week before the examinations. 7. Candidates are required to print a new copy of the Examination Attendance Notices themselves on a plain A4 paper before attending each examination session. Candidates MUST produce the Examination Attendance Notices in each examination session, along with valid identification document (HKID/ passport) specified on the application form. Photocopy will not be accepted. 8. Results (a) Issue of results: Candidates will be notified of their results by post and only with written notice. Results will not be revealed over telephone, fax or any other electronic means, except through the HKIB e-result channel. Results will be released within 2-4 weeks from the examination date for MC-type examination, and 6-8 weeks from the examination date of last subject in each examination diet for other type of examinations. (b) Withholding of results: Results will be withheld from candidates who have not paid in full any monies due or payable to the Institute, including but not limited to examination entry fees. D. Period and Method 1. will be accepted year-round. 2. Please refer to the Programme and Examination Schedule for enrolment deadline. 3. HKIB reserves the right to postpone, modify and/or cancel the scheduled training programmes and/or examinations. 4. All fees paid are non-refundable and non-transferable. 5. Applicants can complete the Form and then submit to HKIB by hand, by mail, by or by fax. Contact Us Address : 3/F Guangdong Investment Tower, 148 Connaught Road Central, Hong Kong Fax : (852) Telephone : (852) application@hkib.org V

8 Section A Personal Particulars Please complete all relevant parts in BLOCK LETTERS and with BLACK PEN. For NEW HKIB member, please complete all the required information under Part 1 and 2. For current HKIB member, you are required to complete Part 1 only if there is no update of your personal details in Part 2. Part 1: Personal Details <<applicable to new and existing members>> Title: Mr. Miss Ms. Dr. Name in English: (as shown on identity document) HKIB Membership: Yes (Please specify the Membership No.) No Name in Chinese: (as shown on identity document) (Surname) (Given Name) HKID / Passport Number* (please delete where inappropriate): Mobile Phone No. : Primary Address 1 : Part 2: Personal Details <<applicable to new and existing members who have to update their personal information>> Correspondence Address: Secondary Address (if any): Name of Employer: Office Telephone No.: Position: Department: Office Address: Division (for customized service): Asset Management Commercial / Corporate Banking Compliance & Risk Management General Management Investment Banking Operations & Support Private Banking Retail Banking Treasury Others: Industry (for customized service): Accounting / Audit Banking Commercial / Industrial Education Government / Regulator Insurance Legal Practice Securities and other financial institutions Others: Highest Academic Qualification Obtained: University / Tertiary Institution: Year of Completion: Other Professional Qualifications: Professional Bodies: Note: : 1 All HKIB Training Programme Confirmation, Examination Attendance and related communication will be sent via by using the Primary Address. For Official Use DATE ACK LOG REF BATCH CM MO VER 2

9 Section B Entry Qualification Assessment I confirm I have met the minimum entry requirement for the programme(s) or examination(s) as stated in the respective Qualifications Handbook: (please check qualification(s) attained) A Bachelor s Degree awarded by a recognized university or equivalent; OR An Associate Degree / Higher Diploma in Banking and Finance area; OR Relevant professional qualifications; OR Mature Student (aged 21 or above) with either At least 5 years of banking and finance working experience; OR At least 2 years of banking and finance experience with recommendation from employer 1 ; OR At least 2 years of banking and finance experience (for CFMP only); OR Registered HKIB student members or post-secondary full time students Others, please specify: Note 1: The recommended staff member should have the knowledge and skills to complete the training activities and achieve the intended learning outcomes. The employer should make the recommendation based on the competency of the potential learner. For example, in addition to 2 years of banking and finance experience, the recommended staff member also possesses other relevant traits and skills such as exhibiting a strong work ethic or transferable skills that the employer finds desirable. The recommendation may also include comments on the career advancement prospects of the staff member. ATTENTION Please attach the relevant copies of education / employment document (verifying job grade and year of experience) and submit together with this application form. HKIB reserves the right to request for certified true copy. Section C Membership I would like to apply for HKIB Individual Membership and understand that the annual membership period runs from 1 January to 31 December. A half-year rate applies for application receives in or after July. Please check applicable box: Membership Type (for Hong Kong) Subscription (Jan - Dec) Subscription (Jul - Dec) Professional 1, Ordinary Student One-off First Registration Fee 200 Membership Total: Section D Training Programme # Programme Name Subject Programme Code Mode Fee () Tuition Tutorial Tuition Tutorial Tuition Tutorial Late Entry Fee (200) # Please refer to the Training Programme and Examination Schedule for details. Training Programme Total Do you intend to apply for the WAM Financial Incentive Scheme? Yes No (Please visit for details of WAM Financial Incentive Scheme) 3

10 Section E Examination # For all qualifications, completion of training programme is required before applying for examination. Programme Name Subject Examination Code Mode Fee () First Attempt First Attempt First Attempt Re-sit Re-sit Re-sit Late Entry Fee (200) # Please refer to the Training Programme and Examination Schedule for details. Examination Total Section F Payment Methods Cash (Payable only in person at HKIB counter). A cheque / e-cheque made payable to The Hong Kong Institute of Bankers (cheque no. ). For e-cheque, please state the 1) programme code and/or 2) examination code and/or 3) membership application under remarks and together with the completed enrolment form to application@hkib.org. Credit card: Visa Master Card No. : Expiry Date (MM/YY): Name of Cardholder : Total Amount Signature: (as on credit card) Membership : Examination : Programme Enrolment: Total: Section G Information Source From which of the following sources do you know about our Professional Banking Qualification? HKIB s website HR/Training Department Homepage of Education and Manpower Bureau Newspaper/Magazine Colleagues/Classmates/Friends Information Session/Exhibition Labour Department Others, please specify 4

11 Section H Statement on Collection of Personal Data 1. It is necessary for applicants to supply their personal data and to provide all the information requested in the application documents, as otherwise HKIB may be unable to process and consider their applications. 2. The personal data provided in this form will be used for processing your application for membership, programme and examination, statistical and marketing (including direct marketing) purposes. The data will be solely handled by HKIB staff but may be transferred to an authorised third party providing services to HKIB in relation to the above purposes and prescribed purposes as allowed by the law from time to time. 3. When the processing and consideration of all the applications for a particular programme have been completed: (a) the application papers of unsuccessful candidates will be destroyed (if you have indicated to receive our promotional materials in Paragraph 6 then your contact details and related papers would be retained for such purposes); and (b) the application papers of successful candidates will serve as part of the applicant s official student records and will be handled by HKIB staff or by staff of an authorised third party providing services to HKIB in relation to the stated purposes. In all such circumstances, please be assured that any personal information you supply will be kept strictly confidential. 4. Applicants understand that they have the right to check whether HKIB holds personal data about me and that, if so, they have a right of access to their personal data. They can request HKIB to correct any inaccurate personal data and if they need to obtain a copy of their personal data or have it corrected, they can write to the HKIB. They understand that HKIB is permitted by law to charge a reasonable fee for the processing of any data access request. 5. Personal data provided on the application form will be used by HKIB for the purpose relating to application and admission. For details of the Personal Data Collection Statement, please refer to the website: Please tick if you DO NOT WISH to receive our latest updates and promotional materials through the communication channels as stated above, including discounts and offers from time to time. Section I Acknowledgement and Declaration I declare that the information contained in my application is truthful and complete, and will be used for the purpose of administration and communication by The Hong Kong Institute of Bankers (HKIB). I agree to notify HKIB of any material changes to my responses to any of the questions in this application, including my contact details. I understand and agree that HKIB may investigate the statements I have made with respect to this application, and that I may be subject to disciplinary actions for any misrepresentation (whether fraudulent and otherwise) in this application. I understand that the fees paid are non-refundable and non-transferable. I understand and agree to comply with all conditions, requirements, policies and procedures established by HKIB as may be amended from time to time. For Membership : I understand that as a member of the HKIB, I shall be bound by the prevailing rules and regulations of the Institute. For Programme Enrolment: I declare that I have fulfilled the entry requirement of the programme. For Examination : I confirm that I have read the relevant handbook, examination-related information published in the HKIB, and/or Examination Guidance Notes, and fully understand and accept the regulations. By my signature below, I am submitting my application and have fully read, understood and accepted the terms and conditions stated above. Signature Date Section J Document Checklist for Enrolment Please check the following items before submitting to the Institute and keep a copy of all relevant documents for your own record. Membership Training Programme Examination Completed all applicable sections of this form Signed and dated the acknowledgement and declaration Enclosed a copy of your identity card / passport N/A Relevant document(s) for entry qualification assessment N/A N/A Payment or evidence of payment 5