There are many Compliance Certification courses in India. Some of them are global and some of them are local.Globally, there are several renowned certifications focusing on enriching AML or Compliance related topics and can be very helpful.
AML Certification courses in India
Most of the AML Certifications in India help the professionals to get their resume recognized by adding the certifications such as Certified Anti Money Laundering Experts (CAME). Certifications show that professionals are out of the crowd and are equipped with the required knowledge to work in the AML and Compliance domain.
Contents of AML Certification courses
AML Certifications help the professionals to distinguish themselves from the crowd and it also adds the knowledge and value to the professional who is studying the subject of Anti Money Laundering. Globally, there are many certifications which offer a good curriculum. However, Money Laundering is a technical subject which needs to be understood in the local parlance. There are different criminal challenges faced by different countries, Drug Trafficking may be the most popular crime in Columbia but Human Trafficking may be the biggest challenge before Thailand. Financial Terms used in every country may also differ. In such scenario the professional actually gain the insights when they study the local laws. One of the most popular AML Certifications in India is Certified Anti Money Laundering Expert Program, which is designed for the Indian bankers and compliance professionals. This program emphasize on the local laws and the local terminologies which are used by the Law enforcement agencies and the compliance professionals.
Cost of AML Certifications
Ambitious professionals always look forward to go global, however the cost of the global certifications play a major barrier in completion of the Certification process. One should do the cost benefit analysis of completion of certifications. Some AML certifications in India are focussed on KYC alone. It is necessary to understand that KYC is a very very small part of the Money Laundering Process. There are many other aspects involved in the process of money laundering and the cost of certifications vary when the practical case studies are discussed.
Certified Anti Money Laundering Expert program covers many aspects from KYC, Trade Based Money Laundering, Prevention of Money Laundering Act to various case studies. This program is offered by Indiaforensic Center of Studies and the payments are required to be made in Indian Rupees. It costs Rs. 18500 for an individual to complete the certification.
Professionals interested in completion of the certification course in Anti Money Laundering can reach out to Rajendra on +91-9766594401