B.Com. (Financial Management) Anti Money Laundering and Counter Terrorist Financing Syllabus - Mumbai University 2026
This is the TY BCom FM syllabus under NEP 2020, in force from the academic year 2026-27. The University still sets the earlier Choice Based papers alongside it for ATKT candidates, so check which scheme your exam form names before you revise.
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Syllabus for Anti Money Laundering and Counter Terrorist Financing
Module I: Introduction to Money Laundering and Terrorist Financing and Legal Framework for AML–CTF in India
- Concept and meaning of money laundering
- Stages of money laundering: Placement, Layering, Integration
- Terrorist financing and proliferation financing
- Economic and social impact of money laundering
- Global and Indian initiatives to combat money laundering
- Prevention of Money Laundering Act, 2002 – objectives and scope
- Scheduled offences under PMLA
- Authorities under PMLA – FIU-IND, Enforcement Directorate
- Penalties and punishments for money laundering
- Maintenance of records and reporting obligations
Module II: AML–CTF Compliance and KYC Framework and Global Standards and Case Studies
- Know Your Customer (KYC) – concept and importance
- Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD)
- Risk-based approach to AML–CTF
- Suspicious Transaction Reports (STRs) and Cash Transaction Reports (CTRs)
- Role of compliance officers and internal controls
- Financial Action Task Force (FATF) – role and recommendations
- International AML–CTF standards and best practices
- Trade-based money laundering
- Case studies on money laundering and terrorist financing
- Emerging challenges – digital payments, fintech, virtual assets
Reference Books
- 1 National Institute of Securities Markets (NISM), AML and CFT Workbook
- 2 RBI & Government of India publications on AML–CTF
- 3 Taxmann, Prevention of Money Laundering Act (Latest Edition)
- 1 FATF, International Standards on Combating Money Laundering
- 2 Reserve Bank of India – Master Directions on KYC
- 3 IFSCA Guidelines on AML, CFT and KYC
- 4 Peter Reuter, Chasing Dirty Money
Reproduced from the University of Mumbai syllabus for B.Com. (Financial Management) under NEP 2020, in force from the academic year 2026-27. Wording is as printed in that syllabus. Module numbering is as printed there too.
The complete syllabus
This subject is cut from the University circular for its year. Open a document here if you want the whole thing rather than a single subject.