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The benefit in Obtaining the CAMS Exam Certification

  • Protecting their company from money laundering threats and minimize money crime risks
  • ACAMS conducted a survey recently and the findings were pretty interesting on average, professionals who had their ACAMS made $25,000 more than their colleagues who did not have the CAMS certification!
  • Increasing their skilled worth through a higher understanding of financial crime detection and hindrance techniques
  • Proving their AML experience to examiners and regulators
  • Meeting mandated AML training needs through preparation and study

Reference: https://www.acams.org/sites/default/files/2024-02/EN-CAMS_011924.pdf

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About CAMS Designation

The CAMS certification is well-known around the globe for being the gold standard among Anti-Money Laundering validations which outlines the main aspects of money laundering and its prevention. What is more, such a certificate helps in encouraging a culture of compliance in organizations and demonstrating one's dedication to a structured risk-based approach. It also helps in meeting accepter anti-money laundering training requirements while rewarding and retaining top performers. Finally, the certification also aids in successfully safeguarding against financial damage.

What is the duration of the CAMS Exam

Format: Multiple choices, multiple answers Length of Examination: 3 1/2 hours

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Career Opportunities

Individuals who have obtained the CAMS designation may receive a range of benefits. They include furthering one's professional portfolio via demonstrating a better understanding of the detection and prevention techniques of financial crime, helping to protect their organization from money laundering threats, and lessening financial crime risks. What's more, by flaunting this qualification on your resume, you can opt for such job roles as an Anti-Money Laundering Analyst, Bank Secrecy Act (BSA) Officer, Staff Auditor, Management Consultant, etc. When it comes to the annual payment received by those specialists who got CAMS certified, it equals almost $82k per year as shown by Payscale.com.

ACAMS CAMS 中文 Exam Syllabus Topics:

SectionWeightObjectives
Conducting and Responding to Investigations21%- Detection and red flags
  • 1. Industry-specific red flags
  • 2. Identifying suspicious activities and transactions
- Investigation process and case management
  • 1. Evidence gathering and analysis
  • 2. Case documentation and reporting
- Disciplinary and remedial actions
  • 1. Corrective measures and sanctions
  • 2. Preventing recurrence
- Information sharing and cooperation
  • 1. Domestic and international cooperation
  • 2. Working with FIUs and law enforcement
AML/CFT Compliance Programs28%- Core elements of compliance programs
  • 1. Policies, procedures and controls
  • 2. Governance and oversight
  • 3. Risk assessment and management
- Customer due diligence requirements
  • 1. Beneficial ownership identification
  • 2. Ongoing monitoring
  • 3. KYC/CDD and enhanced due diligence
- Training, audit and independent review
  • 1. Staff training programs
  • 2. Internal and external audit functions
  • 3. Continuous improvement
- Reporting and record-keeping
  • 1. Record retention requirements
  • 2. Suspicious activity reporting (SAR/STR)
Compliance Standards for AML/CFT25%- Risk-based approach fundamentals
  • 1. Principles of risk assessment
  • 2. Application across jurisdictions
- International organizations and bodies
  • 1. Financial Action Task Force
  • 2. Egmont Group of Financial Intelligence Units
  • 3. Standard-setting bodies
- Global regulatory frameworks
  • 1. EU AML Directives
  • 2. Wolfsberg Principles
  • 3. USA PATRIOT Act and national regulations
  • 4. Basel Committee guidelines
  • 5. FATF 40 Recommendations
Risks and Methods of Money Laundering and Terrorist Financing26%- Money laundering stages and mechanisms
  • 1. Trade-based money laundering
  • 2. Terrorist financing methods
  • 3. Placement, layering, integration
- Sanctions and related risks
  • 1. UN, EU, OFAC and other sanctions regimes
  • 2. Consequences of non-compliance
- Sector-specific vulnerabilities
  • 1. Money services businesses
  • 2. Real estate
  • 3. Securities and capital markets
  • 4. Precious metals and high-value goods
  • 5. Insurance sector
  • 6. Legal and professional service providers
  • 7. Banking and deposit-taking institutions
  • 8. Gaming and casinos

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