Earn Your Advanced IBF Certification with ACAMS
Attain an IBF Advanced (Level 2) Certification when you complete three selected ACAMS certifications. Cover up to 70% of your ACAMS training costs through IBF-STS funding.
Further your career in Singapore’s ever-evolving anti-financial crime (AFC) sector by achieving IBF Advanced (Level 2) Certification – a mark of professional excellence.
The Path to IBF Advanced (Level 2) Certification
An Institute of Banking and Finance (IBF) Certification is an industry-endorsed mark of quality for finance professionals in Singapore.
To attain the IBF Advanced (Level 2) Certification, industry professionals must be in a compliance role at a financial institution, have at least three years of anti-money laundering/counter-terrorist financing (AML/CFT) experience, and complete and pass the following three ACAMS certifications:
- Certified Transaction Monitoring Associate (CTMA)
- Certified Anti-Money Laundering Specialist (CAMS6) + Singapore AML Regime Exam
- Advanced CAMS-Risk Management (CAMS-RM)
The IBF offers funding for approved training and assessment courses through the IBF Standards Training Scheme (IBF-STS). Funding can cover up to 70%* of training costs for Singapore citizens or permanent residents. In order to apply for IBF-STS funding, applicants must complete and pass one of the above three certifications.
The process of submitting a funding application is different depending on whether you are company-sponsored or non-company sponsored.
- For company-sponsored candidates: the candidate’s company is responsible for claims submissions via their company’s login access on the IBF portal.
- For non-company-sponsored candidates: candidates need to submit the funding application form and copy of their national registration identity card (NRIC) to ACAMS within one week of passing any of the three exams mentioned above. ACAMS will then submit the claims on behalf of candidates.
Further information on IBF-STS funding can be found here.
In order to apply for the IBF-STS Funding, you must comply with the ACAMS Terms & Conditions at acams.org/singaporeterms.
Benefits of ACAMS Certifications for Organizations
Build and retain a team of AFC specialists
Safeguard your institution against financial and reputational damage
Meet mandated employee AML training requirements
Benefits of ACAMS Certifications for Professionals
Upskill and stay ahead of evolving financial crime trends
Validate your knowledge and experience with a globally recognized certification
Build a career path to success
IBF Certification FAQs
The Institute of Banking and Finance Singapore (IBF) was established in 1974 as a not-for-profit industry association to foster and develop the professional competencies of the financial sector. IBF represents the interests of close to 200 member financial institutions including banks, insurance companies, securities brokerages, and asset management firms.
In partnership with the financial industry and training providers, IBF is dedicated to empowering members, promoting a high standard of excellence, and supporting the growth of the Asian financial industry – working hand-in-hand with both individual members and the industry at large.
IBF Certification is an industry endorsed mark of quality for finance professionals in Singapore. It is awarded to practitioners who have attained the required skills for the selected industry segment and function. They are expected to uphold values of professional excellence, integrity, and commitment to the industry.
Practitioners who successfully complete all three of the following: CAMS6 + Singapore AML Regime Exam, CTMA, and Advanced-CAMS-RM, and fulfil the eligibility criteria for IBF Certification may apply for the IBF Advanced (Level 2) via https://www.ibf.org.sg/home/for-individuals/ibf-certification/certification-application/certification-application-process.
To be eligible for IBF Advanced (Level 2), applicants should currently be in a compliance role in a financial institution and have at least three years of AML/CFT related experience. To find out more about IBF Certification and the application process, please visit https://www.ibf.org.sg/home/for-individuals/ibf-certification/why-be-ibf-certified.
Find out more about the ACAMS certifications that are eligible for IBF-STS funding.
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