NISM IFSCA 01: Anti Money Laundering and Counter Terrorist Financing Certification in the IFSC
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Locked - Purchase to UnlockNISM-IFSCA-01: Anti-Money Laundering and Counter-Terrorist Financing in the IFSC – Examination Objectives, Assessment Structure & Chapter Weightage
The NISM-IFSCA-01: Certification Course on Anti Money Laundering (AML) and Counter Terrorist Financing (CTF) in the IFSC is designed to establish a common minimum knowledge benchmark for capital market intermediaries operating within the International Financial Services Centre (IFSC) ecosystem.
1. Examination Objectives
On successful completion of the examination, candidates are expected to achieve the following learning objectives:
- AML & CFT Concepts & Legal Framework: Understand the core concepts of Anti-Money Laundering (AML), Combating the Financing of Terrorism (CFT), provisions of the Prevention of Money Laundering Act, 2002 (PMLA), and scheduled offences.
- Regulatory Guidelines: Gain thorough knowledge of guidelines pertaining to AML Standards, Combating the Financing of Terrorism (CFT), and Proliferation Financing (PF).
- IFSCA Framework for Regulated Entities: Comprehend the IFSCA Anti Money Laundering, Counter Terrorist-Financing and Know Your Customer Guidelines, 2022 from the perspective of Regulated Entities (REs) operating in GIFT IFSC.
- International Standards (FATF): Understand the role of the Financial Action Task Force (FATF) and its global recommendations for AML and CFT compliance.
2. Assessment Structure
The examination tests candidates through an objective, multiple-choice assessment structure:
| Parameter | Details |
|---|---|
| Total Number of Questions | 50 questions |
| Maximum Marks | 50 marks (1 mark per question) |
| Examination Duration | 1 hour (60 minutes) |
| Passing Score | 50% (25 marks out of 50) |
| Negative Marking | None (There is no negative marking) |
3. Index & Chapter-wise Weightage Table
Below is the complete syllabus structure outlining the Chapter Number, Chapter Name, and corresponding Marks Weightage across Part A and Part B of the curriculum:
| Chapter No | Chapter Name | Weightage (marks) |
|---|---|---|
| 1 | Introduction to Anti Money Laundering (AML), Combating the Financing of Terrorism (CFT) and Proliferation Financing (PF) | 5 |
| 2 | Prevention of Money Laundering Act, 2002 | 7 |
| 3 | The Prevention of Money-laundering (Maintenance of Records) Rules, 2005 | 7 |
| 4 | Scheduled Offences | 3 |
| 5 | IFSCA (Anti Money Laundering, Counter Terrorist-Financing and Know Your Customer) Guidelines, 2022 | 8 |
| 6 | IFSCA Guidelines for KYC norms | 10 |
| 7 | Discussion on PMLA related Cases | 4 |
| 8 | Financial Action Task Force and Its Recommendations on AML and CFT | 6 |
| Total | Total Marks | 50 |
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Anti Money Laundering and Counter Terrorist Financing Certification in the IFSC Workbook
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