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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.
Who should take the CAMS exam
The CAMS certification is an internationally-recognized credential that identifies persons who earn it as possessing specialized AML knowledge. AML professionals who earn the CAMS designation position themselves to be leaders in the business and to expertise professional growth. If a candidate wants significant improvement in career growth needs enhanced knowledge, skills, and talents. The CAMS certification provides proof of this advanced knowledge and skill. If a person fulfills the following eligibility requirements of the CAMS exam then he should take this exam.
- Submit supporting documents.
- Document a minimum of 40 qualifying credits based on education, other professional certification and professional expertise in the field.
- Provide three professional references.
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The CAMS Certified Anti-Money Laundering Specialist certification path includes only one CAMS certification exam.
Reference: https://www.acams.org/sites/default/files/2024-02/EN-CAMS_011924.pdf
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ACAMS CAMS Deutsch Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| AML and CTF Fundamentals | - International AML/CTF standards and FATF recommendations - Stages and typologies of money laundering - Money laundering and terrorist financing concepts |
| Financial Crime Typologies and Risk | - Sanctions and embargo compliance - Risk assessment methodologies - Common money laundering typologies across industries |
| Customer Due Diligence (CDD) and KYC | - Enhanced due diligence for high-risk customers - Customer identification and verification - Beneficial ownership and PEP screening |
| AML Compliance Framework | - AML compliance program structure - Internal controls and governance - Regulatory obligations and enforcement expectations |
| Transaction Monitoring and Reporting | - Suspicious activity detection and monitoring systems - Suspicious Activity Reports (SAR) / STR filing - Case management and investigation processes |
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