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Recertification

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.

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.

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

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ACAMS CAMS Deutsch Exam Syllabus Topics:

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

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