SEBI Launches Course With NISM On Anti-Money Laundering, Combating Terrorism Financing
SEBI aims to educate staff and associates of intermediaries on AML and CFT, provisions of PMLA and PML rules, and scheduled offences.
The Securities and Exchange Board of India has launched a certification course in partnership with the National Institute of Securities Market on Anti-Money Laundering and Combating the Financing of Terrorism.
The market regulator’s aim is to educate the securities market intermediaries on the concepts.
With the course, SEBI aims to create a common minimum knowledge benchmark for employees and associated persons of securities market intermediaries about concepts of AML and CFT and related aspects, provisions of the PMLA and PML rules, and scheduled offences under the SEBI Act and the Companies Act, according to a SEBI statement.
Additionally, it aims to promote knowledge about the guidelines on AML standards, CFT, and proliferation financing among the market intermediaries.
To strengthen the capital market, the regulator has been undertaking various outreach programs on the said provisions among securities market participants.
Towards this objective, the course—AML and CFT Provisions in Securities Market Certification Examination—has been conceptualised and developed by SEBI in collaboration with the National Institute of Securities Market.
Certification Details
A certification with a validity of three years is provided to those who pass the exam.
A passing certificate will be issued only to those candidates who have furnished or updated their PAN in their registration details.
The examination consists of 50 questions of one mark each that a candidate should complete in 60 minutes.
The passing percentage for the examination is 50%, and there is no negative marking.
(With inputs from PTI.)
