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The benefit in Obtaining the CAMS Exam Certification

  • Protecting their company from money laundering threats and minimize money crime risks
  • Increasing their skilled worth through a higher understanding of financial crime detection and hindrance techniques
  • 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!
  • Meeting mandated AML training needs through preparation and study
  • Proving their AML experience to examiners and regulators

How much CAMS Exam Cost

There are two options. Candidate can choose either with a virtual classroom package or without a virtual classroom package.

Price and benefits of with virtual classroom package

  • This package consists of a CAMS study guide, Online Preparation Course, CAMS Virtual classroom and CAMS Examination
  • The price of this package is $1,880 for private sectors and $1,540 for public sectors

Price and benefits of without virtual classroom package:

  • The price of this package is $1,459 for private sectors and $1,145 for public sectors
  • This package consists of a CAMS study guide, Online Preparation Course and CAMS Examination

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

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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.

  • Provide three professional references.
  • Submit supporting documents.
  • Document a minimum of 40 qualifying credits based on education, other professional certification and professional expertise in the field.

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ACAMS CAMS Deutsch Exam Syllabus Topics:

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

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