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CAMS Certified Anti-Money Laundering Specialist Exam

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.

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

How to Get Certified

To obtain the ACAMS CAMS certificate individuals must take and successfully pass the affiliated namesake CAMS exam, which requires individuals to go through a three-step process. This has been outlined below:

  • Take the actual CAMS exam

    After an individual is found to be eligible and their application has been approved, they may go on to schedule their CAMS evaluation.

  • Be a member of ACAMS

    Individuals may gain membership of ACAMS as individuals, as part of an enterprise, as public sector workers, or as part of a chapter. Members are required to make a standard membership payment.

  • Submit an application

    After gaining membership at ACAMS, individuals are required to submit an application form along with payment. To be eligible to send an application, individuals must meet the following requirements: hold an active ACAMS membership, have 40 ACAMS credits, possess an education (10 credits for associates, 20 credits for bachelors, 30 credits for masters, and 40 credits for JD, or PhD), possess work experience (10 credits for each year of work experience), and have training (1 credit for an hour of training in the field of financial crime).

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A good ACAMS certification must be supported by a good CAMS Korean exam practice, which will greatly improve your learning ability and effectiveness. Our study materials have the advantage of short time, high speed and high pass rate. You only take 20 to 30 hours to practice our CAMS Korean guide materials: Certified Anti-Money Laundering Specialists (CAMS Korean Version) and then you can take the exam. If you use our study materials, you can get the ACAMS certification by spending very little time and energy reviewing and preparing.

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Difficulty in writing CAMS Exam

This exam is very difficult especially for those who have not a securities compliance or regulatory background and don't know how to handle AML investigations, money laundering schemes, various international AML regulations and setting up an AML compliance program. Candidates can only get good grades in the CAMS exam by dedication, hard work, and most accurate preparation material. There are many online platforms which are providing CAMS exam preparation material but they are not verified by experts. So, candidates have to choose a platform which gives them the best and authentic CAMS exam dumps which can make a good impact on your final result. There are many people rely on such kind of platforms but in the end, they are mostly getting poor grades. Candidates don't have to worry about this as PrepAwayExam is only one of the best platform that provides the best CAMS preparation material. Our CAMS exam dumps consist of all the topics and the questions that will be asked in the real exam and the best part is that we provide CAMS exam dumps in PDF format that you can easily read it offline on smartphones and other electronic accessories such as laptops, desktops, and tablets. PrepAwayExam also contain braindumps which will be really helpful in making notes.

ACAMS CAMS Korean Exam Syllabus Topics:

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

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