100+ Free HKIB ECF-AML/CFT Core Practice Questions
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Key Facts: HKIB ECF-AML/CFT Core Exam
70%
Passing mark for the AAMLP exam
HKIB ECF-AML/CFT Programme Handbook
80 MCQs
Number of questions on the Core Level examination
HKIB ECF-AML/CFT Programme Handbook
2.5 hours
Exam time limit
HKIB ECF-AML/CFT Programme Handbook
HKD1,300
Standard examination fee
HKIB ECF-AML/CFT Programme Handbook
QF Level 4
Hong Kong Qualifications Framework level for AAMLP
HKIB ECF-AML/CFT Programme Handbook
20 credits
Core Level programme credit value
HKIB ECF-AML/CFT Programme Handbook
200 hours
Minimum recommended learning hours
HKIB ECF-AML/CFT Programme Handbook
100
Practice questions provided in this bank
OpenExamPrep
HKIB ECF-AML/CFT Core Level exam is an 80 MCQ, 2.5-hour test with a 70% pass mark (HKD1,300 exam fee). Completing it satisfies the training and exam requirement for the Associate AML Professional (AAMLP) designation. This free 100-question practice bank covers all chapters based on the latest 2026 guidelines.
Sample HKIB ECF-AML/CFT Core Practice Questions
Try these sample questions to test your HKIB ECF-AML/CFT Core exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.
1What is the primary statutory purpose of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO, Cap. 615) in Hong Kong?
2Which of the following bodies in Hong Kong is responsible for receiving and processing Suspicious Transaction Reports (STRs)?
3Which ordinance specifically criminalizes the laundering of proceeds derived from drug trafficking in Hong Kong?
4Under the Organised and Serious Crimes Ordinance (OSCO, Cap. 455), what is the maximum criminal penalty for a person convicted of a money laundering offense?
5Which international intergovernmental body publishes the '40 Recommendations' that form the global standard for AML/CFT?
6What is the primary role of the Asia/Pacific Group on Money Laundering (APG) in the global AML/CFT network?
7Under the AMLO, which licensing regime is managed by the Companies Registry to ensure standard regulatory compliance of corporate service firms?
8Regarding the source of funds, which statement best describes the fundamental difference between money laundering (ML) and terrorist financing (TF)?
9Under Section 25(1) of the Organised and Serious Crimes Ordinance (OSCO), what state of mind (mens rea) must be proven to convict a person of a money laundering offense?
10Under OSCO Section 25A, if an employee of a bank has knowledge or suspicion of money laundering but fails to report it to the JFIU, what is the maximum penalty they may face?
About the HKIB ECF-AML/CFT Core Exam
The HKIB ECF on AML/CFT Core Level is the QF Level 4 benchmark qualification designed for entry-level and junior compliance practitioners in Hong Kong banks and financial institutions. The course requires 15 hours of training and assesses knowledge of money laundering and terrorist financing risks, statutory frameworks (AMLO), customer due diligence (CDD) standards, sanctions compliance, and suspicious transaction reporting. Successful completion yields the Advanced Certificate for ECF on Anti-Money Laundering and Counter-Financing of Terrorism and represents the foundational milestone for the Associate AML Professional (AAMLP) professional qualification.
Assessment
Sit-in paper-based or computer-based examination. It consists of 80 multiple-choice questions in English. The passing mark is 70%. Candidates must complete training before sitting the exam.
Time Limit
2.5 hours.
Passing Score
70% (56 correct answers out of 80 questions).
Exam Fee
HKD1,300 per examination; HKIB student members receive a 50% discount (HKD650). Training fee is HKD4,400. (Hong Kong Institute of Bankers (HKIB))
HKIB ECF-AML/CFT Core Exam Content Outline
Chapter 1: Fighting ML/TF - Legal & Regulatory Framework
Key concepts and definitions of money laundering and terrorist financing; comparative analysis of ML vs. TF; linkages to corruption, fraud, and tax evasion; international bodies like FATF and APG; Hong Kong legislation including AMLO (Cap. 615), DTROP (Cap. 405), OSCO (Cap. 455), and UNATMO (Cap. 575); HKMA regulatory expectations and supervisory guidelines.
Chapter 2: Managing ML/TF Risk in Hong Kong Banks
Placement, layering, and integration stages; vulnerabilities within retail, commercial, private, and digital banking; trade finance and trade-based money laundering (TBML); risks related to virtual assets (VAs) and virtual asset service providers (VASPs); country, customer, product, and transaction channel risk factors.
Chapter 3: AML/CFT Risk Management Framework
The Three Lines of Defense (frontline business, AML compliance and risk management, and internal audit); institutional risk assessment (IRA) process; designing and implementing internal policies, procedures, and controls; duties of the Compliance Officer and Money Laundering Reporting Officer (MLRO); key risk indicators (KRIs) and quality assurance.
Chapter 4: Customer Due Diligence (CDD)
Customer identification and verification of identity (including natural persons, legal entities, and trusts); beneficial ownership identification and verification rules; simplified due diligence (SDD); enhanced due diligence (EDD) for high-risk customers, Politically Exposed Persons (PEPs), and shell companies; source of wealth (SOW) and source of funds (SOF) requirements.
Chapter 5: Ongoing Monitoring, Sanctions & Reporting
Designing transaction monitoring rules and filtering parameters; handling system alerts and red flag indicators; sanctions screening (UN, OFAC, etc.) and matching protocols; investigating suspicious transactions; drafting and submitting Suspicious Transaction Reports (STRs) to the Joint Financial Intelligence Unit (JFIU); compliance with tipping-off prohibitions; record-keeping requirements.
How to Pass the HKIB ECF-AML/CFT Core Exam
What You Need to Know
- Passing score: 70% (56 correct answers out of 80 questions).
- Assessment: Sit-in paper-based or computer-based examination. It consists of 80 multiple-choice questions in English. The passing mark is 70%. Candidates must complete training before sitting the exam.
- Time limit: 2.5 hours.
- Exam fee: HKD1,300 per examination; HKIB student members receive a 50% discount (HKD650). Training fee is HKD4,400.
Keys to Passing
- Complete 500+ practice questions
- Score 80%+ consistently before scheduling
- Focus on highest-weighted sections
- Use our AI tutor for tough concepts
HKIB ECF-AML/CFT Core Study Tips from Top Performers
Frequently Asked Questions
What is the pass mark for the HKIB ECF-AML/CFT Core Level exam?
The passing mark is 70%, which means you must answer at least 56 out of 80 questions correctly. HKIB grades are divided into Pass (70–79%), Pass with Credit (80–90%), and Pass with Distinction (above 90%).
What are the requirements to obtain the AAMLP designation?
To qualify for the Associate AML Professional (AAMLP) designation, you must pass the Core Level examination, complete the 15-hour HKIB Core Level training course, and be a Relevant Practitioner in an authorized bank with at least one year of experience in AML/CFT compliance or related control functions.
Can I sit the examination directly without taking the training?
No. The HKIB requires candidates to enroll in and complete the Core Level training course before sitting the examination.
How much does the Core Level training and examination cost?
For 2026, the standard training fee is HKD4,400 and the examination fee is HKD1,300. HKIB student members receive a 25% discount on training and a 50% discount on the examination fee (reducing the exam fee to HKD650).
What is the duration of the exam?
The examination is 2.5 hours long and consists of 80 multiple-choice questions set in English.
What is the difference between AAMLP and CAMLP?
AAMLP is the Core Level qualification, intended for entry-level and junior practitioners (less than 3 years of experience). CAMLP (Certified AML Professional) is the Professional Level qualification, which is a QF Level 5 qualification intended for senior AML specialists and managers (at least 3 years of relevant experience).
Are these official HKIB practice questions?
No. These are original practice questions created by OpenExamPrep, designed to simulate the format, difficulty, and content coverage of the official HKIB Core Level syllabus.