Korea AML Specialist (TPAC) study plan

Map the structure of the Korean AML/CFT legal framework by naming the core statutes (특정금융정보법, 공중협박자금조달금지법 등) and the regulator each obligation flows from

Distinguish the roles of KoFIU, FSS, FSC, and law enforcement in supervision, examination, and enforcement

Outline the reporting entity categories covered and the baseline obligations each category carries

Build a one-page statute-to-obligation map linking each duty (CDD, STR, CTR, TFS) to its legal basis

Apply the CDD triggers and timing rules to at least five realistic onboarding scenarios and state the correct action for each

Differentiate standard CDD, simplified CDD, and EDD using the risk-based criteria in Korean rules

Trace beneficial ownership through layered corporate structures and identify the natural person(s) to be identified

Construct a customer risk assessment scoring model with weighted factors for country, product, channel, and customer type

Define the STR trigger standard and distinguish it from the CTR threshold obligation

Draft a defensible STR narrative that states the suspicion, the supporting facts, and the funds flow without speculation

Sequence the internal STR workflow from detection through MLRO approval to KoFIU submission and recordkeeping

Explain the tipping-off prohibition and its practical limits on customer communication during an STR

Differentiate targeted financial sanctions obligations from general sanctions screening and explain the freezing-without-delay standard

Identify the Korean implementation measures for UN Security Council sanctions and the domestic designation process

Apply PEP identification, source-of-wealth, and source-of-funds requirements to at least three foreign and domestic PEP scenarios

Design a sanctions screening escalation path including false-positive disposition and reporting to the competent authority

Summarize the FATF 40 Recommendations by functional group and state which Korean rules implement each group

Explain the mutual evaluation and follow-up process and what a national risk assessment is used for

Identify cross-border obligations relevant to Korean institutions, including wire transfer information requirements and foreign branch/subsidiary expectations

Compare the risk-based approach expectations of FATF with the prescriptive elements of Korean law

Draft the components of an AML program: policies, designated officer, training, and independent testing

Write measurable training objectives differentiated by role (frontline, compliance, senior management, board)

Design an independent testing scope and sampling approach that would survive supervisory scrutiny

Specify board and senior management reporting content, frequency, and escalation thresholds

Classify virtual asset service provider obligations under Korean rules and distinguish them from bank obligations

Assess AML risk in virtual assets, fintech payment intermediaries, and new payment methods using concrete typologies

Explain travel rule obligations for virtual asset transfers and how they interact with STR detection

Identify emerging red flags for crypto-fiat conversion, mixing services, and peer-to-peer channels and convert them into monitoring rules

Consolidate all nine domains into a single revision outline with the highest-yield facts per domain

Complete timed practice on weak domains and log every error with its root cause

Re-derive the statute-to-obligation map, CDD model, and STR workflow from memory to confirm retention

Simulate a full-length exam under time pressure and review every incorrect item