Anti-Money Laundering Compliance Practitioner (SA) / AMLC Prac (SA)

 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. 

 

AMLC Prac (SA) path

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 now closed!

All applicants MUST attend the prep session: 17 May 2024

 

Exam: 23 October 2024

Registrations now open: 13 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

 


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