NIBAF AML & CFT study guide
NIBAF AML & CFT · Work through your exam, one topic at a time.
The NIBAF AML & CFT certification is a professional credential for banking and financial-sector staff in Pakistan who need working command of anti-money-laundering and counter-terrorist-financing compliance. It is aimed at compliance officers, branch and operations managers, relationship managers, internal auditors, and staff in remittance, trade finance, and branch banking roles with customer-facing or reporting duties. The NIBAF AML & CFT study guide has 8 sections and about 2,423 words.
01AML/CFT Foundations
Domain 1 tests whether you can distinguish money laundering from terrorist financing, identify the stages of laundering, and apply a risk-based approach rather than a tick-box one. Expect short scenarios asking where a transaction sits and which control should have caught it.
328 words, about 2 min02Terminology and the International Framework
Domain 2 covers the vocabulary and international architecture that Pakistan's regime implements. The exam tests who sets standards, who evaluates, who receives reports, and which instrument creates a binding obligation.
309 words, about 2 min03Pakistan Legal and Regulatory Framework (AML Act 2010 and SBP/regulator requirements)
Domain 3 tests the Pakistani legal chain: the AML Act 2010, the FMU, SBP and SECP regulations, and the ATA 1997. Questions often ask which authority receives which report and what a reporting entity must do first.
323 words, about 2 min04FATF Recommendations
Domain 4 is the FATF 40 Recommendations. The exam tests recommendation numbers and the control each one requires, often through a scenario rather than a definition.
258 words, about 1 min05Mutual Evaluation and Targeted Financial Sanctions
Domain 5 covers mutual evaluation and targeted financial sanctions. The exam tests how FATF/APG judge a country, what the 11 immediate outcomes mean, and how a bank executes a freeze without waiting for a court or customer explanation.
323 words, about 2 min06Customer Due Diligence, KYC, Beneficial Ownership and Enhanced Due Diligence
Domain 6 is CDD, KYC, beneficial ownership and EDD. The exam tests the four CDD measures, the 25% ownership benchmark, PEP treatment, and when simplified measures are not allowed.
303 words, about 2 min07Suspicious Transaction Reporting, STR/CTR Processes and Financial Intelligence
Domain 7 covers STR/CTR processes and financial intelligence. The exam tests the suspicion standard, timing, confidentiality, and what the FMU does with a report.
285 words, about 1 min08Compliance Programme Governance, Risk Assessment, Training and Record Keeping
Domain 8 covers governance, risk assessment, training and record keeping. The exam tests who owns the AML/CFT programme, how risk assessment drives controls, and what evidence an examiner expects.
294 words, about 1 min