AMLS
CANDIDATE
HANDBOOK
THIS PROGRAM WILL HELP YOU DISCOVER THE
INTERNATIONAL STANDARDS AND BEST
PRACTICES IN FIGHTING FINANCIAL CRIME.
UNDERSTAND AND ANALYSE THE EVOLUTION OF
MONEY AND FINANCIAL TECHNOLOGIES (VIRTUAL
CURRENCIES & VIRTUAL ASSETS). PREPARE AN
INTELLIGENT DUE DILIGENCE AND
INVESTIGATION PROCESS EMPLOYING THE MOST
ADVANCED TECHNIQUES AND TECHNOLOGIES IN
FINTECH (ROBOTIC PROCESS AUTOMATION &
ARTIFICIAL INTELLIGENCE). LEARN HOW TO
BUILD AND DEVELOP SYSTEMS AND PROCESSES
FOR MONEY LAUNDERING RISK RATING,
TRANSACTION MONITORING, INVESTIGATIONS
AND CASE MANAGEMENT AND REPORTING.
© 2023 GCI INSTITUTE ALL RIGHTS RESERVED.
ABOUT GCI
GCI is an International Financial Crime Prevention
and Compliance Training Institute. We specialise
in Compliance and combatting Financial Crime,
including Anti-Money Laundering and Counter-
Terrorism Financing.
In addition to KYC, Sanctions and Embargoes,
Regulatory Compliance Management, FATCA and
CRS.
GCI is a recognised independent accreditation
institute compatible with global CPD principles.
OUR MISSION
Delivering anti-financial crime training to
compliance and AML professionals across t he
globe. Providing the latest expertise through our
cutting-edge, hassle-free learning platform.
Helping students boost their careers through
study programs that f it around their schedule,
giving them the confidence and practical know-
how to apply their expertise in their workplace
and protect their business.
LEARNING
OBJECTIVES
Financial Crime Principles
Understand and analyse the elements of the money
laundering crime, including predicate offences, Proceeds,
concealment, and State of mind – The mental element, in
addition to serious crime, threshold approach, Dual
Criminality, and Unwelcomed Money.
Learn How to Detect and prevent Cuckoo smurfing &
Money Mules.
Identify Terrorism Financing and Proliferation Financing
typologies.
Analyses real Money laundering cases and examples.
Risk-Based Approach & Compliance Monitoring
Learn how to apply AML Risk-Based Approach, including
automated customer risk rating, transactions monitoring,
and AML regulatory examinations, along with detailed
models and examples.
Prepare a detailed and comprehensive Geographic Risk
Index (GRI) that covers Money laundering, Terrorism
Impact, International Sanctions, Corruption, and Financial
Secrecy.
How to conduct a KYC analysis and a reasonableness test
of the KYC information.
How to detect PEPs through Customer Due Diligence and
PEP Screening, PEP risk assessment, classification, and
declassification according to FATF & Wolfsberg.
Learn how to identify the Ultimate Beneficial Owners
(UBOs) with detailed examples.
LEARNING
OBJECTIVES
Fintech & The Evolution of Money and Financial Crime
Know how to build a perfect and compliant online
customer onboarding process, Digital Identity, and EKYC.
Develop Transaction Monitoring Systems (TMS), Money
Laundering Risk Rating Tools, and Case Management
Systems employing the latest technologies in AML,
including Artificial Intelligence and Robotic Process
Automation.
Understand the evolution of money, Virtual Currencies &
Virtual Assets. and how to mitigate the associated financial
crime risks.
Analyse the opportunities and challenges presented by
Fintech in the fight against financial crime.
Money Laundering in The Financial Sector
Identify the key risks and red flag indicators associated
with money laundering in the financial sector, with a focus
on the banking and securities sectors.
Money Laundering In Non-Financial Sectors
Recognize the risks and typologies of money laundering in
non-financial sectors, including the roles played by real
estate agents, precious metals and stones dealers,
lawyers, notaries, accountants, trust and company service
providers, casinos, charities and non-profit organisations.
The International Framework of AML
Understand the international framework of AML in AML
compliance, including the Financial Action Task Force,
Basel Committee on Banking Supervision, Wolfsberg
Group, the US AMLA 2020, and EU AML Directives.
SYLLABUS
CHAPTER ONE: FINANCIAL CRIME PRINCIPLES.
What is Money laundering?
Element of the ML offence
Stages of Money Laundering
Terrorist Financing
Counter-Proliferation Finance
CHAPTER TWO: RISK-BASED APPROACH &
COMPLIANCE MONITORING
AML Risk-Based Approach
Risk Rating Factors
Factor One: Customer Type
Factor two: Geographical location
Factor three: Product and Services
Customer overall risk assessment
Electronic AML Risk Rating
Risk-scoring model
Risk Assessment of Correspondent Banks
Chapter Three: Fintech & The Evolution of Money and
Financial Crime
Transaction Monitoring Systems (TMS)
Fintech highlights
Customer onboarding and Digital Identity
Digital Identity Guidance
Money As A Medium Of Exchange
Virtual Currencies & Virtual Assets
The beginning of Virtual Currencies - Bitcoin
From Bitcoin to other virtual currencies
Stablecoins
SYLLABUS
CHAPTER FOUR: MONEY LAUNDERING IN THE
FINANCIAL SECTOR
SECURITIES SECTOR
BANKING SECTOR
CHAPTER FIVE: MONEY LAUNDERING IN NON-
FINANCIAL SECTORS
REAL ESTATE AGENTS
PRECIOUS METALS & PRECIOUS STONES DEALERS
LAWYERS, NOTARIES, OTHER INDEPENDENT LEGAL
PROFESSIONALS AND ACCOUNTANTS
TRUST AND COMPANY SERVICE PROVIDERS (TCSPS)
CASINOS
CHARITIES AND NON-PROFIT ORGANISATIONS (NPOS)
CHAPTER SIX: COMPLIANCE PROGRAM,
MONITORING, & EXAMINATIONS
COMPLIANCE & AML PROGRAM
COMPLIANCE MONITORING AND EXAMINATION PROCESS
FIRST: REQUEST FOR INFORMATION (RFI)
SECOND: PERIODIC REGULATORY REPORTS
THIRD: REGULATORY INVENTORY MATRIX (RIM)
FOURTH: REGULATORY CONTROL MATRIX (RCM)
FIFTH: COMPLIANCE EXAMINATION
COMPLIANCE RISK ASSESSMENT
CHAPTER SEVEN: THE INTERNATIONAL
FRAMEWORK OF AML
THE FINANCIAL ACTION TASK FORCE
BASEL COMMITTEE ON BANKING SUPERVISION (BCBS)
THE EGMONT GROUP
WOLFSBERG GROUP
TARGETED
CANDIDATES
PROFESSIONAL IN THE SUPERVISORY AUTHORITIES:
Employees of the Federal Reserve and Central Banks
Financial Sector Regulatory Authorities
Financial Intelligence Units FIUs
Tax Authorities
Related Ministries and government bodies
AML OFFICERS AND MANAGERS IN ADDITION TO
FRONT LINERS AND BACK OFFICE STAFF
PARTICIPATING IN THE PROCESS OF FINANCIAL
TRANSACTIONS:
Banking Industry
Insurance and reinsurance Companies
Brokerage Firms
Leasing and Microfinance Companies
Lending Firms
Exchange Houses and Money Service Business
AML SOLUTIONS PROVIDER
DESIGNATED NON-FINANCIAL BUSINESSES
AND PROFESSIONS
Real estate companies
Independent legal professionals (i.e. notaries, lawyers)
Precious metals/stones companies
Trust and investment funds companies
External auditors and accounting professionals
EXAMINATION
PROCESS
GCI’s examination process is set to the highest standards,
allowing the candidate to schedule their exam by a click of a
button at a time that suits them.
Online proctored exam at home or office
Exam Duration: 120 Minutes
Practice questions that simulate the actual exam.
Number of EXAM Questions: 100 Question
Pass Mark: 75%
EXAM
PREPARATION
Candidates have two options to register in any of the GCI
programs:
Option 1: Self-Study
Take the online proctored exams at home.
GCI’s examination process is set to the highest standards. Our
students gain access to our easy-to-navigate online portal,
where they can download their certificate study guide (e-book)
in their selected language. undertake the practice questions as
much as needed.
Once the candidate is ready to sit the assessment, they can
schedule their online proctored exam with a click of a button
through their membership area and undertake the exam any
time and anywhere. Our assessment platform is usually
available 24/7.
Anticipated reading hours: 45 Hours
Anticipated Studying hours: 90 Hours
Option 2: Instructor-led program by a GCI-
accredited trainer or training centre.
GCI could arrange an instructor-led program for groups (10+
participants), whether virtually or in person (as available), by
our faculty members and our accredited training centres
around the globe.
Training hours: 22 Hours
Anticipated Studying hours: 45 Hours
EXAM
PREPARATION
The AMLS exam covers six chapters, each accounting for a
specific percentage of the exam questions.
Chapter Chapter Name Exam Weight
Chapter 1 Financial Crime Principles 11%
Risk-Based Approach &
Chapter 2 17%
Compliance Monitoring
Fintech & The Evolution of Money and
Chapter 3 22%
Financial Crime
Money Laundering in The
Chapter 4 18%
Financial Sector
Money Laundering in
Chapter 5 15%
non-financial sectors
Compliance Program,
Chapter 6 17%
Monitoring, and Examinations
The International Framework of Excluded from the
Chapter 7
AML & Reference Materials assessment.
Total 100%
AFTER THE EXAM
ONCE YOU PASS THE EXAM YOU WILL RECEIVE:
01. Digital Badge
Your digital badge is a web-
enabled version of your
certification and learning
outcome, which can be verified
in real-time online by your
employer, friends and
colleagues. It shows the skills
you have and how did you earn
them. You can also share it
easily on professional
networking platforms like
LinkedIn and else.
02. E-Certificate
The Johnson, 477 Boundary
Street, Spring Hill, Queensland
4000 Australia
www.gci-ccm.org
+61 7 3085 7414
[email protected]
gci-ccm.org
