IFMP Anti-Money Laundering (AML/CFT) Certification, Pakistan study guide
IFMP Anti-Money Laundering (AML/CFT) Certification, Pakistan · Work through your exam, one topic at a time.
The Anti-Money Laundering (AML)-(CFT) Certification is one of the Specialized Certifications listed by the Institute of Financial Markets of Pakistan (IFMP), Pakistan's first securities market institute. IFMP describes itself as a permanent platform for developing quality human capital for financial markets and for creating standards among market professionals, and it conducts licensing examinations leading to certifications for different segments of financial markets. This credential sits alongside other specialized titles such as Compliance Officer, Risk Management, Clearing & Settlement Operations and Islamic Finance certifications, which signals its intended audience: compliance, risk and operations staff at banks, brokers, asset managers, insurers and other regulated financial firms who need working command of anti-money-laundering and counter-terrorist-financing controls. The exam name itself defines the two halves of the syllabus: Anti-Money Laundering and Combating the Financing of Terrorism. Topics on this exam: Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT). The IFMP Anti-Money Laundering (AML/CFT) Certification, Pakistan study guide has 2 sections and about 792 words.
01Anti-Money Laundering (AML)
The Anti-Money Laundering (AML) domain tests your ability to apply Pakistan's AML Act 2010 and the supervisory expectations of the Financial Monitoring Unit (FMU), the State Bank of Pakistan (SBP) and the SECP. The focus is not memorising definitions; it is showing that a reporting entity can identify, assess, mitigate and report money-laundering risk. Risk-based approach. Design CDD and monitoring proportionate to customer, product, channel, geography and delivery risk.
407 words, about 2 min02Combating the Financing of Terrorism (CFT)
The Combating the Financing of Terrorism (CFT) domain tests whether you can detect and disrupt funds or assets linked to terrorism, terrorist organisations and individual terrorists. In Pakistan, this means applying targeted financial sanctions, understanding TF typologies and reporting suspicion to the FMU, while coordinating with NACTA, the CTD and sector regulators. Targeted financial sanctions (TFS). Screen customers, beneficial owners and counterparties against UNSC consolidated lists and Pakistan's proscribed entities.
385 words, about 2 min