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CAMS Certified Anti-Money Laundering Specialist Exam is designed by the Association of certified anti-money laundering specialist (ACAMS) is a global membership organization that provides training and certification, of anti-money laundering professionals worldwide. ACAMS is supporting financial AML professionals through knowledge sharing and skills development. CAMS exam tests candidates basic knowledge on setting up an AML compliance program, money laundering schemes, various international AML regulations, and how to handle AML investigations. CAMS exam is internationally recognized and a good designation for those who are looking to work in the AML field.
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The CAMS endorsement is ideal for those seeking to signify a high understanding of international AML/CFT principles. Obtaining this certification will help recognize you as an AML/CFT authority and prevent institutional financial crime risks.
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Individuals must get recertified every three years if they wish to maintain their CAMS certification. To get recertified, individuals must have maintained their ACAMS membership, provide proof of having continued their professional education, and submit an online application along with a recertification fee.
Reference: https://www.acams.org/sites/default/files/2024-02/EN-CAMS_011924.pdf
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| Section | Objectives |
|---|---|
| AML Compliance Framework | - Regulatory obligations and enforcement expectations - Internal controls and governance - AML compliance program structure |
| Financial Crime Typologies and Risk | - Common money laundering typologies across industries - Sanctions and embargo compliance - Risk assessment methodologies |
| Transaction Monitoring and Reporting | - Case management and investigation processes - Suspicious activity detection and monitoring systems - Suspicious Activity Reports (SAR) / STR filing |
| AML and CTF Fundamentals | - Money laundering and terrorist financing concepts - International AML/CTF standards and FATF recommendations - Stages and typologies of money laundering |
| Customer Due Diligence (CDD) and KYC | - Beneficial ownership and PEP screening - Enhanced due diligence for high-risk customers - Customer identification and verification |
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