FAQ

 

1. Why SFCCA certificates and not others?

1. Singapore and Hong Kong are consistently ranked in the top regulatory regimes albeit their requirements and guidance are clearer & more risk-focussed than others

2. Written from a practical hands-on perspective by a known FCC expert trained at consulting firms (PwC) and prime banks (BAML, JPMC etc.) in Singapore

3. More focussed in content (including business e.g. PB&S) without unnecessary theoretical discussions, retaining depth where needed

4. Course originally developed as a shorter 4+1hour 2019 course under Euromoney Learning (no longer offered) accredited under IBF-STS scheme

5. Developed originally for Hong Kong and later converted to a Singapore course i.e., strong on both centres albeit focused on Singapore regulatory compliance.

6. Content is focussed on risks, regulations and best practices relevant for Singapore & Hong Kong i.e., regional content and context.

7. FATF Recommendations apply. Skills are exportable across centres in Asia, Middle East and Africa (US, UK & Australia have specific regimes).

8. Other courses are mostly distance learning, ours has pre-recorded HD videos with sound normalisations, delivered via a CDN (via Canvas LMS), and online AI-based auto-proctored exam. i.e., easier to study 

9. Unlike other courses, ours has ongoing 1:1 coaching by e-mail and online VC

10. Unlike other courses, we offer 1:1 VC feedback on incorrect answers in the final examination

11. Access to the original training videos continues for 6months/1year (course dependent) after enrolment 

12. Ongoing awareness building of news and analysis via the SFCCA Facebook and LinkedIn Groups

13. Significantly lower costs for equivalent courses by US and UK associations

14. For Corporate Training, flexibility to offer blended eLearning with Live Q&A in a classroom/live format; as well as an optional classroom/live training module that picks key themes and offers more worked examples

15. We offer you the skills to succeed in a FCC role; getting a job in Singapore or Hong Kong also depends on your CV, opportunities, and the interview

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2. Are SFCCA’s courses IBF-STS accredited currently?

• SFCCA’s initial version for 4+1hrs was developed under the Euromoney Learning umbrella and was accredited under the IBF-STS scheme in 2019. This is no longer in place as our IP has moved under SFCCA.

• Our current Professional Certificate course is significantly better (14hrs of videos and 22hrs of learning overall) than the initial version and learner feedback is also clear evidence. The accredited version had a 30 question examination, we currently have a 100 question Professional examination that has been described as both "tough and conceptual" and "pretty intense exam" per feedback.

• It is currently not possible to reach out to IBF for accreditation as their onboarding criteria have been developed keeping larger organisations and classroom training in mind, as opposed to an eLearning start-up like ours. This will likely happen after a few years.

• In any case our prices are kept low so that it is affordable for individuals and we have instalment plans. We price our courses per the fee paying capacity of a market and keep them on the low side given our mission.

• A Learner does our courses for the skills that they acquire and the Executive Director Dr. Rohan Bedi’s CV at BAML & JPMC in regional head roles, as author of a PwC book on AML, as co-author of eLearning used by AUSTRAC for years, his associations with NUS and NTU; and of course learner feedback… all of these should give a Learner the comfort they seek in the quality of the offering.

• Most of our Learners are already qualified with AML/CFT certifications from the US/UK. They join SFCCA to acquire specialist skills in Private Banking & Securities FCC. It is a validation of our model.

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3. Can I see such large video files on a poor internet connection?

• We use a Video On Demand (VOD) service of an Enterprise grade CDN.

• The Video is never streamed as a single object. It is always streamed in small chunks delivered gradually with time.

• Thus whether it is a big file or a small file, it doesn't make a difference.

• Our audio has also been "sound normalised" and sounds especially clear on external speakers (recommended).

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4. Does SFCCA have test centres in my city?

• The exam is auto-proctored using AI… you take it online from the comfort of your bedroom.

• Proctored examination rules and requirements apply: Click for details

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5. Does SFCCA have a designation for use after an individual’s name?

• On completion of the Professional Certificate usage of the designation "PMSFCCA" is allowed as long as you are a Professional Member. 

• We also have a Fellow and Senior Fellow designation as "FSFCCA" and "Senior FSFCCA". 

• Our Honorary Fellows can use the designation “Hon. FSFCCA”.

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6. What is the validity of the Professional/Fellow Certificate course?

• The certificate does not expire albeit usage of the designations implies membership, which means you are committed to ongoing learning i.e., CPD requirements apply: Click for details

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7. Can the course fee be paid in instalments?

• Yes course fee can be paid in instalments, usually 3: Click for details

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8. As a Professional Member do I get a discount if I enroll for the Fellow programme?

• Existing Professional Members who are eligible for the “Accelerated Path” (joint Fellow-Professional programme) can top-up within 12 months of completion of the professional course.