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Career Opportunities

Individuals who have obtained the CAMS designation may receive a range of benefits. They include furthering one's professional portfolio via demonstrating a better understanding of the detection and prevention techniques of financial crime, helping to protect their organization from money laundering threats, and lessening financial crime risks. What's more, by flaunting this qualification on your resume, you can opt for such job roles as an Anti-Money Laundering Analyst, Bank Secrecy Act (BSA) Officer, Staff Auditor, Management Consultant, etc. When it comes to the annual payment received by those specialists who got CAMS certified, it equals almost $82k per year as shown by Payscale.com.

Exam Details

The CAMS is a 3.5-hour test consisting of 120 multiple-choice and multiple-select questions. To pass and obtain the CAMS certification, test-takers must achieve a score of 75 or more. ACAMS recommends that candidates arrive/log in 30 minutes before the scheduled time for the official exam as latecomers may not be allowed to take the test and this allows ample time for check-in. Test-takers are also required to bring along with them the two forms of current and valid government-issued identification. Please note that the identification must include a photograph and signature. Also, please ensure that the name used when registering for the real exam is one and the same as it appears on the identification.

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.

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

Who Is It for?

The CAMS endorsement is ideal for those seeking to signify a high understanding of international AML/CFT principles. Obtaining this certification will help recognize you as an AML/CFT authority and prevent institutional financial crime risks.

ACAMS CAMS 中文 Exam Syllabus Topics:

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

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