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.

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 activity (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

2 November 2023

REGISTRATIONS CLOSING DATE

9 October 2023

FEES

The fees below include VAT and are payable in full upon receipt of invoice.

Non-refundable application fee to evaluate if you meet the eligibility requirements to write the exam: R1,250.00
Eligible candidates board exam fee: R4,250.00

Although you could write the board exam as a non-member, designations are only awarded to standard members. It is therefore highly recommended that you register as a standard member before embarking on this process. Talk to us about a payment plan if needed.