Empowering Securities Intermediaries: SEBI's New AML & CFT Certification Course

The Securities and Exchange Board of India (SEBI) has taken a significant step towards strengthening the securities market's defenses against money laundering and terrorism financing. With the launch of the NISM-Series-XXIV certification course on Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT), SEBI aims to enhance the knowledge and vigilance of securities market intermediaries. This initiative is a testament to SEBI's commitment to fostering a transparent, secure, and compliant financial ecosystem.?

Why this certification matters?

Money laundering and terrorist financing are global threats that undermine financial systems. The securities market, as a critical pillar of the economy, is particularly vulnerable to these risks. Recognizing this, SEBI has introduced this certification course to:?

• Equip employees of securities intermediaries with a robust understanding of AML and CFT provisions.?

• Ensure compliance with the Prevention of Money Laundering Act (PMLA) and SEBI guidelines.?

• Foster a culture of vigilance against suspicious activities in the securities market.?

Key features of the certification?

The NISM-Series-XXIV certification course is designed to provide a comprehensive understanding of AML and CFT practices. Here’s what participants can expect:?

• Comprehensive Curriculum: Covers core concepts like AML/CFT regulations, KYC norms, red flags in securities transactions, and designing effective AML frameworks.?

• Assessment Structure: A 60-minute exam with 50 multiple-choice questions. Candidates must score 50% or higher to pass.?

• Validity: The certification is valid for three years, ensuring that professionals stay updated on evolving regulations.?

Who should enroll??

This certification is essential for employees working in securities market intermediaries such as stock exchanges, brokers, depositories, and asset management companies. It is also valuable for compliance officers, risk managers, and professionals involved in client onboarding or transaction monitoring.?

SEBI's broader vision?

This initiative aligns with SEBI's ongoing efforts to strengthen regulatory frameworks and combat financial crimes. By mandating knowledge benchmarks for intermediaries, SEBI ensures that the securities market remains resilient against emerging threats like money laundering and terrorism financing.?

How to get certified??

Interested professionals can register for the certification through the National Institute of Securities Markets (NISM) website. The course fee is ?885 (plus applicable charges), making it an accessible opportunity for individuals across the industry.?

SEBI’s proactive approach underscores its dedication to safeguarding India’s financial markets. By empowering intermediaries with knowledge and tools through this certification, SEBI is setting a new standard for compliance and integrity in the securities sector.?

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Author Sarita Sitaraman

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