Struggling with IISI Level 5: AML & Senior Mgmt Roles

Hey everyone, I finally decided to bite the bullet and sign up for the IISI Level 5 part 1 after losing sleep over the compliance training manual back at the office. I am sitting at my desk every evening trying to understand the nuances of anti-money laundering screening, specifically the distinction between the obligors under UAE FRR and the general UK guidelines. It feels like the syllabus is intentionally trying to trip you up with specific reporting timeframes, and I am paranoid that I will miss a deadline or misinterpret a client definition and be personally liable for the firm. I have read the chapters on Understanding the Insurance Sector and Internal Control ten times already, but I still get stuck on the complex language regarding the roles and responsibilities of different board members. Is it normal to feel this overwhelmed by the sheer volume of regulatory text that sounds identical but has slightly different implications for liability depending on the jurisdiction? I know I should be focusing on the practical application part of my studies, but my brain is just mush from trying to memorize the detailed thresholds for money laundering reporting in ICWIM. I keep going down rabbit holes analyzing the responsibilities of the senior management versus the conduits in the banking sector regulations, and I worry I am over-preparing because the margin for error is so thin. Has anyone passed these modules without reading the full Regulatory Statement guides cover to cover? I try to create spreadsheets to track the differences in requirements, but the numbers are so volatile and the compliance changes happen so fast that I feel like I am fighting a losing battle against the syllabus updates. I just want a strategy that focuses on the high-yield facts rather than getting lost in the dense legal jargon. I am really hoping to transfer into the monitoring and compliance division soon, so doing well on the CME-1 is non-negotiable for my career progression in professional practice. I really need to know if the exam questions tend to focus heavily on the practical monitoring of transactions or if they are still heavily testing the theoretical risk management frameworks in a way that requires deep memorization. I am willing to sacrifice my weekends to get this right, but only if I know what the examiners are actually looking for to ensure I do not waste time on irrelevant details. If you have recently sat CME-1, did you find the questions on the conflict of interest and disclosure obligations section particularly difficult or were you able to handle them with just basic memorization? Any advice on how to prioritize the reading list to pass on the first attempt would be a massive help.