IFMP Anti-Money Laundering (AML/CFT) Certification, Pakistan study plan

Map the full AML domain syllabus into a one-page outline covering placement, layering, and integration, and mark every subtopic you cannot yet explain aloud

Define money laundering and distinguish it from predicate offences, tax evasion, and terrorist financing in your own written notes

List the three stages of laundering and write one original Pakistan-relevant example for each stage

Build a personal glossary of 25 core AML terms with a one-line definition for each, flagging any term you had to look up

Explain the role and composition of the Financial Action Task Force (FATF) and how its Recommendations shape national AML regimes

Describe the mandate of the Financial Monitoring Unit (FMU) as Pakistan's financial intelligence unit and how suspicious transaction reports reach it

Summarize the AML/CFT Act, 2010 (as amended) structure: obligated entities, reporting duties, and penalties, citing section themes rather than memorizing numbers

Draft a 150-word explanation of how a suspicious transaction report is filed and what happens after filing

Apply the risk-based approach by scoring three hypothetical customer profiles as low, medium, or high risk and justifying each score

Differentiate customer due diligence, simplified due diligence, and enhanced due diligence, listing at least three triggers for enhanced measures

Explain beneficial ownership identification and why layered corporate structures complicate it

Identify politically exposed person (PEP) obligations and describe how PEP status changes ongoing monitoring

Describe record-keeping and ongoing monitoring obligations, including what triggers a periodic review refresh

Outline the three lines of defence in an AML compliance programme and the duties of each

Explain correspondent banking, wire transfer rules, and the travel rule concept in plain language

Complete a timed 40-question AML practice set and log every wrong answer with the reason it was wrong

Define terrorist financing and contrast it with money laundering on source of funds, amounts, and detection signals

Map the CFT domain syllabus into a one-page outline and flag unfamiliar subtopics

Explain the FATF Special Recommendations legacy and how CFT obligations are now integrated into the consolidated Recommendations

Summarize Pakistan's legal framework for terrorist financing, including the roles of the National Counter Terrorism Authority and the FMU in freezing and reporting

Describe targeted financial sanctions: how designations under UN Security Council resolutions are implemented and how asset freezing differs from seizure and confiscation

Explain screening obligations for individuals and entities, including false positive handling and periodic list re-screening

Identify terrorist financing typologies such as small-value transfers, charitable diversion, and self-funding, and write one detection indicator for each

Outline the role of hawala and informal value transfer systems in terrorist financing and the regulatory treatment of such channels

Integrate AML and CFT controls into a single compliance checklist covering onboarding, monitoring, screening, and reporting

Explain the mutual evaluation process and what a country's ratings say about its AML/CFT effectiveness

Describe the offence of tipping off and the confidentiality duties that attach to suspicious transaction reporting

Complete a timed 60-question mixed AML and CFT practice set and review every flagged answer

Re-test every subtopic you flagged as weak in weeks 1 through 7 and confirm each is now explainable aloud without notes

Write and self-grade three short-answer responses on risk-based approach, targeted financial sanctions, and STR obligations

Complete two full-length timed mock exams under exam conditions and compare scores for improvement

Build a one-page final recall sheet of the 20 facts you are most likely to forget on exam day