Certified Anti Money Laundering Expert is by and far the best certification course for the students learning Indian Laws. The CAME course is in-depth course which is offered in the distance learning mode. It offers the resource material and also provide the video sessions before the students take up the Uniform CAME Examination.
Lawyers regularly study different laws. Their training covers various provisions of the Anti Money Laundering statutes and regulations. Though, Anti Money Laundering Laws, Treaties, Regulations and Nodal Authorities is a significant aspect of the course, there is more to the legal aspects in the CAME Syllabus.
From the legal perspective the CAME Syllabus also covers the topics such as Origin and legislative background of Anti Money Laundering Regulations, Definition, Size & reasons for Money Laundering, Origin of Money Laundering Transactions, Methods of Money Laundering, International Initiatives & Indian Laws of Money laundering etc.
It has specific coverage on the laws like
- Overview of International Conventions and Resolutions
- Provisions of Prevention of Money Laundering Act, 2002 (PMLA 2002) and the Prevention of Money Laundering Rules 2005
- Overview of the Conservation of Foreign Exchange and Prevention of Smuggling Activities Act, 1974 (COFEPOSA)
- Over view of the Prohibition of Benami Property Transactions Act, 1988
- Over view of the Prevention of Illicit Traffic in Narcotic Drugs and Psychotropic Substances Act, 1988.
Though not covered separately, it also addresses the provisions related to the Foreign Exchange Management Act (FEMA), 1999, Black Money (Undisclosed Foreign Income And Assets) And Imposition Of Tax Act, 2015 and also Prevention of Corruption Act, 1988.
Even though it speaks of the Indian laws, the syllabus is global. There are other global laws such as FCPA, FATCA and Bank Secrecy Act. Indian students working in the global atmosphere need to understand these laws while assessing and reviewing the international transactions.
