Aug 10 / The team at IforPE

What is the AML certification exam for ICPAC and CBA Professionals?

The Institute of Certified Public Accountants of Cyprus (ICPAC) and the Cyprus Bar Association (CBA) are the regulated bodies of Trust and Corporate Service Providers (TCSP) and in order to enhance the expertise and competencies of professionals dealing with Anti-Money Laundering (AML) matters, they have introduced the requirement to obtain an AML certification.

The primary objective of the AML examination is to assess candidates' proficiency in performing the responsibilities of an AML Compliance Officer (AMLCO) with utmost competence. Therefore, the exam targets professionals who currently serve as an AMLCO or have recently been appointed for the role in firms regulated by ICPAC or the CBA. The AML exam is also open to individuals aspiring to become an AMLCO within ICPAC or CBA firms. Moreover, the certification is available to any professional interested in gaining a standardized level of knowledge on AML regulations, irrespective of their experience and current position.

By obtaining the AML certification, compliance professionals in Cyprus can enhance their career prospects, certify their expertise, and demonstrate their commitment to upholding robust AML practices.

What is The Most Complete™ AML certification mock exams course and how does it help?

Through our partnership with SALVUS Funds, we offer The Most Complete™ AML certification mock exams course designed to successfully prepare AML exam candidates to pass the exam and become certified.

The course includes 6 mock exams that simulate the examination format and style offered to professionals. Upon completion of each mock exam, the candidate is given feedback on their answers to help them understand their response to each question relating to the AML regulations.

What are the requirements for those who successfully obtained the AML Certification?

Once candidates successfully pass the AML examination, they are required to complete a minimum of 10 Continuous Professional Development (CPD) units on an annual basis to maintain the certification’s validity. This requirement is to ensure that each certified professional stays on top of the latest AML regulations.

With SALVUS Funds and their expert Instructors, we regularly update our CPD courses catalogue with the most up-to-date courses on AML-related regulations.
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