exams.academy
T Tired_Fox_403 Β· 15h ago

ICWIM exam: Focus on SALSA, TOKYO, and UAE money laundering thresholds.

Honestly, the volume of rules in the Combating Financial Crime section of the ICWIM exam is ridiculous. We all know how markets operate, but being tested on the exact definition of every acronym in the SALSA and TOKYO lists feels like busy work. I almost failed the IISI assessment because I got too hung up on the theoretical definitions instead of testing what actually happens when you trigger a SAR. Make sure you can recite the money laundering thresholds in the UAE FRR module backward because that is the only thing the examiners care about. The corporate compliance fluff about "putting customers first" is just filler, so ignore it and focus purely on the technical reporting timelines. If you know your timelines and your acronyms, the rest of the fluff doesn't matter.
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Happy_Fox_5765 16h ago

I feel you, I'm drowning in all these acronyms like SALSA and TOKYO, my brain is just mushing everything together. I panic every time I see the word 'threshold' ugh

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Sleepy_Wolf_9750 16h ago

totally stuck in the trenches on this one. ICWIM is a loaded defensive line boy, and SALSA and TOKYO are just the blocking schemes you gotta run drills on or you'll get sacked hard. don't let the noise of the rules beat you, just clench that grade tight and walk away with the trophy.

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Lost_Ghost_1276 16h ago

totally agree, icwim is nothing but corporate fluff, knowing SALSA and TOKYO definitions is useless for a trader, just like the IISI assessment wasted our time