NISM IFSCA 01 : Anti Money Laundering and Counter Terrorist Financing in IFSC
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What are the different names of the "NISM IFSCA 01 : Anti Money Laundering and Counter Terrorist Financing in the IFSC Examination"?
The official name of the exam is NISM IFSCA 01 : Certification Course on Anti Money Laundering and Counter Terrorist Financing in the IFSC
However, candidates also refer to this exam by other names such as NISM IFSCA 01, IFSCA 01, NISM Anti Money Laundering and Counter Terrorist Financing in the IFSC Exam, and NISM IFSCA 01 - AML and CTF in IFSC Exam.
What is NISM IFSCA 01 : Certification Course on Anti Money Laundering and Counter Terrorist Financing in the IFSC?
The NISM-IFSCA-01: Certification Examination on Anti-Money Laundering and Counter Terrorist Financing in the IFSC is a specialized certification course developed by the National Institute of Securities Markets (NISM) in collaboration with the International Financial Services Centres Authority (IFSCA). The examination seeks to create a common minimum knowledge benchmark for the capital market intermediaries about Anti Money Laundering (AML) and Counter Terrorist Financing regulations in IFSC ecosystem. The examination covers various aspects related to Anti Money Laundering (AML), Counter-Terrorist Financing (CFT) and Know Your Customer. Some of them are the Prevention of Money Laundering Act, 2002 (PMLA), Scheduled Offences, AML, CFT and KYC Guidelines and PMLA related cases. The certification aims to create awareness among the capital market intermediaries about the AML and CFT regulations in IFSC ecosystem.
Who can take NISM IFSCA 01 : Anti Money Laundering and Counter Terrorist Financing in the IFSC Examination?
The NISM-IFSCA-01: Certification Course on Anti Money Laundering and Counter Terrorist Financing in the IFSC is suitable for the regulated entities operating in the International Financial Services Centre (IFSC) domain.
How to Prepare for NISM IFSCA 01 : Anti Money Laundering and Counter Terrorist Financing in the IFSC Exam?
MODELEXAM offers NISM IFSCA 01 : Anti Money Laundering and Counter Terrorist Financing in the IFSC Exam Practice Tests based on the latest NISM syllabus, helping candidates prepare effectively with updated questions.
Where can I get NISM IFSCA 01 - AML and CTF in IFSC Exam Study Material?
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Where can I get NISM IFSCA 01 - AML and CTF in IFSC Exam Dates?
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NISM Exams Registration Procedure
What is the Assessment Structure of the NISM IFSCA 01 : Anti Money Laundering and Counter Terrorist Financing in the IFSC Certification Examination?
| Total Marks | 50 |
| Total Questions | Multiple Choice Questions[50 questions of 1 mark each] 50x1=50 |
| Total Duration | 1 hour |
| Passing score | 50% = 25 marks |
| Negative Marking | No Negative marking |
Weightage - NISM IFSCA 01 : Certification Course on Anti Money Laundering and Counter Terrorist Financing in the IFSC
| Sr. No. | Chapter Name | Weightages |
|---|---|---|
| Part A General Rules and Regulations related to Anti-Money Laundering in India | ||
| 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 |
| Part B IFSCA Regulations for Anti Money Laundering (AML), Counter-Terrorist Financing (CTF) and Know Your Customer (KYC) | ||
| 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 Marks | 50 | |
Syllabus - NISM IFSCA 01 Anti Money Laundering and Counter Terrorist Financing in the IFSC
Part A: General Rules and Regulations related to Anti-Money Laundering in India
- Chapter-1: Introduction to Anti Money Laundering (AML), Combating the Financing of Terrorism
(CFT) and Proliferation Financing (PF)
- Introduction to the concept of money laundering
- Process of Money Laundering
- Global initiatives towards Anti Money Laundering Laws
- Indian initiatives towards Anti Money Laundering Laws
- Chapter-2: Prevention of Money Laundering Act, 2002
- Prevention of Money Laundering Act, 2002 (PMLA)
- Maintenance of records and furnishing of reports to FIU-IND
- Main Authorities entrusted for investigations
- Chapter-3: The Prevention of Money-laundering (Maintenance of Records) Rules, 2005
- Introduction to the Prevention of Money-laundering (Maintenance of Records) Rules, 2005
- Maintenance of Records of Transactions
- Digital Know Your Customer (KYC) Procedure
- Chapter-4: Scheduled Offences
- The Concept of Offence
- List of Scheduled Offences
Part B: IFSCA Regulations for Anti Money Laundering (AML), Counter-Terrorist Financing (CTF) and Know Your Customer (KYC)
- Chapter-5: IFSCA (Anti Money Laundering, Counter Terrorist Financing and Know Your Customer)
Guidelines, 2022
- Introduction of IFSCA (AML, CFT and KYC) Guidelines
- Duties of a Regulated Entity
- Risk Based Approach
- Business Risk Assessment
- Identification and Reporting of Suspicious Transactions
- Correspondent Banking and Wire transfer
- Internal Policies, Compliance, Audit and Training
- Record Keeping
- Chapter-6: IFSCA Guidelines for KYC Norms
- IFSCA guidelines for KYC norms
- Customer Due Diligence Process
- Customer Due Diligence Requirements
- Accounts of Politically Exposed Persons
- Enhanced Due Diligence
- Simplified Customer Due Diligence
- Ongoing customer due diligence
- Ongoing sanctions screening
- Failure of Regulated Entity to conduct or complete customer due diligence
- Periodic Updation
- Differences between IFSCA AML/CFT guidelines and other Indian regulators
- Chapter-7: Discussion on PMLA related Cases
- FIU-IND V/S Bybit Fintech Limited (Bybit), a Virtual Digital Asset Service Provider
- IFSCA V/S Prowess Insurance Brokers Pvt. Ltd. (PIBPL)
- IFSCA V/S Neo Asset Management Private Limited
- FIU-IND V/S Way2Wealth Brokers Private Limited
- FIU-IND vs Paytm Payments Bank Limited
- Chapter-8: Financial Action Task Force and Its Recommendations on AML and CFT
- Introduction of FATF
- FATF Recommendations
- IX Special Recommendations
- FATF-Style Regional Bodies (FSRBs)
- What is Trade-based Money Laundering?
- The International Trade System