The Enhanced Competency Framework on AML/CFT (hereinafter referred to as "ECF-AML/CFT") features the common core competences required of AML/CFT practitioners in the Hong Kong banking industry. The objectives of the ECF are twofold:
(a) to develop a sustainable talent pool of AML/CFT practitioners for meeting the workforce demand in this sector; and
(b) to raise and maintain the professional competence of AML/CFT practitioners in the banking industry.
Although the ECF is not a mandatory licensing regime, authorized institutions ("AIs") are encouraged to adopt the ECF for the following purposes:
(a) to serve as a benchmark to determine the level of competence required and to assess the ongoing competence of individual employees;
(b) to support relevant employees to attend training programmes and examinations that meet the ECF benchmark;
(c) to support the continuing professional development of individual employees; and
(d) to specify the ECF as one of the criteria for recruitment purposes.
The Hong Kong Institute of Bankers (HKIB) is the training and examination provider and qualification administrator for the ECF on AML/CFT.
Please refer to HKMA circular on ''Enhanced Competency Framework on Anti-Money Laundering and Counter-Financing of Terrorism'' for details
Scope of Application +
The ECF-AML/CFT is targeted at "Relevant Practitioners", including new entrants and existing practitioners, engaged by an AI to perform AML/CFT compliance roles in its Hong Kong operation. Details of the respective roles are classified by a two-level qualification structure (i.e. Core Level and Professional Level). Please download and read ''Highlights of Competencies for Key Roles of Relevant Practitioners in AML/CFT Compliance'' for details.
Qualification Structure and Syllabus +
The qualification structure of ECF-AML/CFT comprises two levels:
(a) Core Level – suitable for entry-level staff with less than three years of relevant work experience in AML/CFT compliance; and
(b) Professional Level – suitable for staff with three years or above of relevant work experience in AML/CFT compliance.
The Core Level consists of five training areas to equip new entrants and staff in junior AML/CFT roles with the essential fundamentals for performing their AML/CFT duties.
Relevant Practitioners may apply to HKIB for certification as Associate AML Professional (AAMLP) or Certified AML Professional (CAMLP) with HKIB professional membership under the following conditions (please refer to the flowchart):
(a) AAMLP – A Relevant Practitioner may apply to the HKIB for the professional certification if he or she (1) has completed the training programmes and passed the examination for the Core Level; or (2) has been grandfathered based on the required work experience upon the launch of the Core Level module.
(b) CAMLP – A Relevant Practitioner may apply to the HKIB for a professional certification if he or she (1) has completed the training programme and passed the examination and have at least 3 years of work experience in AML/CFT compliance; or (2) has been grandfathered based on the required work experience upon the launch of the Professional Level module.
(1) Training Programmes and Examinations
Core Level - AAMLP
The Core Level of the ECF on AML/CFT consists of the five compulsory training areas set out in the Program outline section, providing new entrants and staff in junior AML/CFT roles with an introduction to AML/CFT. As the training and qualification provider for the ECF in AML/CFT, the HKIB has developed a training programme – the “Advanced Certificate for ECF on Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT)” for this purpose.
Professional Level – CAMLP
The Professional Level of the ECF on AML/CFT aims to develop the knowledge of more experienced practitioners. In addition to the focus on AML/CFT, it covers anti-bribery and corruption and fraud prevention, given they are inextricably intertwined with AML. The detailed syllabus outline for the Professional Level will be announced in late 2017, subject to the latest development of HKMA and HKIB.
Relevant Practitioners who have been grandfathered based on their years of qualifying work experience are eligible to be certified as AAMLPs or CAMLPs. Such work experience need not be continuous. Please refer to the “Guidelines of ECF for AML/CFT Grandfathering” for details on grandfathering eligibility criteria and requirements. Relevant Practitioners can apply for certification upon approval in one-off grandfathering.
(3) Registration of AAMLP / CAMLP
Individuals who have completed the “Advanced Certificate for ECF on Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT)” are eligible to be certified as AAMLPs.
AAMLP and CAMLP holders will be registered as Certified Individuals and included in the public register on the HKIB website. Upon successful application for AAMLP/CAMLP Certification with HKIB. HKIB will grant the AAMLP/CAMLP certificant a professional membership. Please refer to the "Guidelines of Application for Associate AML Professional (AAMLP) Certification” for details.
AAMLP holders who have at least three years of work experience in AML/CFT compliance, and have completed the training programme for the Professional Level of the ECF on AML/CFT and passed the examination, are eligible to be certified as CAMLPs. The certification arrangement for the Professional Level will be announced in late 2017, subject to the latest development of HKMA &HKIB.
Annual Renewal +
Annual Renewal +
Certification of AAMLP and CAMLP is subject to annual renewal with HKIB professional membership. AAMLP and CAMLP holders are required to meet the annual Continuing Professional Development (CPD) requirements. For details, please refer to CPD Requirements section below.
CPD Requirements +
To ensure AAMLP and CAMLP Certification holders are kept up-to-date with current trends, laws and regulatory requirements and standards, and to fulfil renewal requirements, they are required to undertake the following Continuing Professional Development (CPD) within each calendar year:
- A minimum of 10 hours of verifiable CPD, of which at least five should be on the topic of AML/CFT, with the remaining hours on compliance (including financial crime compliance), risk management, ethics, or legal and regulatory requirements.
- Activities which facilitate AAMLP Certification holders attaining the Professional Level will qualify for CPD if proof of attendance and assessment records can be provided.
- Aminimum of 12 hours of verifiable CPD, of which at least six should be on AML/CFT, with the remaining hours on compliance (including financial crime compliance), risk management, ethics, or legal and regulatory requirements.
|Per Calendar Year||Core Level||Professional Level|
|Minimum Total CPD Hours||10 hours||12 hours|
|CPD Hours on AML/CFT||At least 5 hours||At least 6 hours|
|Remaining CPD Hours on compliance (including financial crime compliance), risk management, ethics, or legal and regulatory requirements.|
Activities that qualify for CPD include:
(a) Professional examinations;
(b) e-learning which requires submission of assignments or completion of test or other verification;
(c) Attending courses, workshops, roundtables, lectures, seminars, forums and conferences in related disciplines;
(d) Delivering speeches, presentations and lectures or acting as a panellist in seminars or conferences related to AML/CFT, compliance or risk management; and
(e) Writing on AML/CFT, compliance, risk management or related disciplines for publication.
No CPD will be required in the year when the AAMLP/ CAMLP Certification is granted. The CPD requirement will start in the following calendar year.
Training and Examination for AAMLP +
"Advanced Certificate for ECF on Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT)”
To earn the certification of Associate AML Professional (AAMLP), candidates must successfully complete the programme “Advanced Certificate for ECF on Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT)”. Candidates must first complete the subject training sessions, and proceed to the examination after their completion of training sessions. After passing the examination, candidates will be awarded the “Advanced Certificate for ECF on Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT)”.
|1||Fighting Money Laundering/Terrorist Financing - Why it is important and What is the Legal/Regulatory Framework?|
|2||Managing the Risk of ML/TF in Banks in Hong Kong -
How does ML/TF take place?
|3||How Can Banks Combat ML/TF Through Establishing ML/TF Risk Management Framework?|
|4||Knowing Your Customer - Customer Due Diligence|
|5||Monitoring, Sanctions Compliance and Suspicious Transaction Reporting|
Programme and Examination Enrollment +
Applicant should complete and sign the Application Form, together with the appropriate programme and/or examination fee, and return by fax or email, or by hand to HKIB Office on or before the corresponding enrollment deadline.
Late entries for training programmes will be accepted up to 7 days after the stipulated application deadlines. An additional late entry fee of HK$200 will apply.
Late entries examinations will be accepted up to 14 days after the stipulated application deadlines. An additional late entry fee of HK$200 will apply.
6 Hours (Tutorial)
15 Hours (Tuition)
(Study Guide Inclusive)
(Study Guide Inclusive)
Multiple-choice Type Questions (MCQ)
No. of Questions
Entry Requirement +
The Programme is open to members and non-members of the HKIB. Candidates must fulfil the stipulated minimum entry requirements:
- A Bachelor’s Degree awarded by a recognised university or equivalent; OR
- An Associate Degree / Higher Diploma in the area of Banking and Finance; OR
- Relevant professional qualifications; OR
- Mature Student (aged 21 or above) with either
- At least five years’ banking and finance work experience; OR
- Two years’ banking and finance experience with an employer recommendation1
- Registered HKIB student members or post-secondary full-time students.
Note 1: The recommended staff member should have the knowledge and skills to complete the training activities and achieve the intended learning outcomes. The employer should make the recommendation based on the competency of the potential learner. For example, in addition to 2 years of banking and finance experience, the recommended staff member also possesses other relevant traits and skills such as exhibiting a strong work ethic or transferable skills that the employer finds desirable. The recommendation may also include comments on the career advancement prospects of the staff member.
Integration of ECF in Certified Banker (CB) +
CB is a new professional banking qualification programme developed and offered by HKIB. This common qualification benchmark is intended to raise the professional competency of banking and financial practitioners in Hong Kong to meet modern demands, while providing a transparent standard with international recognition. The “Advanced Certificate for ECF on Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT)” is an ECF Subject, which is also an elective subject for CB (Stage I).
Individuals who have completed the “Advanced Certificate for ECF on Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT)” and passed the relevant examination are encouraged to join the CB Programme. Please click here to learn more about CB.
|Grandfathering Application/ Certification||
(852) 2153 7882/
(852) 2153 7819
|Training and Examination||(852) 2153 email@example.com|
|General enquiry||(852) 2153 firstname.lastname@example.org|