The CAMS certification is awarded by the Association of Certified Anti-Money Laundering Specialists (ACAMS), which is a leading organization in the AML industry. ACAMS was established in 2001 to provide training and resources for AML professionals around the world. Since then, it has grown into a global organization with over 70,000 members in more than 175 countries. ACAMS offers a variety of certification programs and training courses to help individuals advance their careers in the AML industry.
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The CAMS certification exam covers a wide range of topics related to AML and financial crime prevention, including risk assessment, customer due diligence, transaction monitoring, sanctions screening, and regulatory compliance. CAMS exam is designed to test the knowledge and skills of professionals working in AML compliance and ensures that they have a comprehensive understanding of the latest AML regulations, laws, and best practices. Certified Anti-Money Laundering Specialists (the 6th edition) certification exam is rigorous and requires a thorough understanding of the subject matter, making it a valuable credential for professionals looking to advance their careers in the field.
Reference: https://www.acams.org/sites/default/files/2024-02/EN-CAMS_011924.pdf
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ACAMS CAMS (Certified Anti-Money Laundering Specialists) exam is a certification exam that is designed to test the knowledge and skills of individuals involved in anti-money laundering (AML) compliance. CAMS exam covers a broad range of topics related to AML, including the legal and regulatory framework, risk assessment, customer due diligence, transaction monitoring, and reporting. It is a rigorous and challenging exam, and passing it demonstrates a high level of expertise in the field of AML.
ACAMS CAMS Exam Syllabus Topics:
| Section | Objectives |
| Topic 1: AML and CTF Fundamentals | - International AML/CTF standards and FATF recommendations
- Stages and typologies of money laundering
- Money laundering and terrorist financing concepts
|
| Topic 2: Customer Due Diligence (CDD) and KYC | - Customer identification and verification
- Enhanced due diligence for high-risk customers
- Beneficial ownership and PEP screening
|
| Topic 3: Transaction Monitoring and Reporting | - Suspicious Activity Reports (SAR) / STR filing
- Case management and investigation processes
- Suspicious activity detection and monitoring systems
|
| Topic 4: AML Compliance Framework | - AML compliance program structure
- Regulatory obligations and enforcement expectations
- Internal controls and governance
|
| Topic 5: Financial Crime Typologies and Risk | - Sanctions and embargo compliance
- Risk assessment methodologies
- Common money laundering typologies across industries
|