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The benefit in Obtaining the CAMS Exam Certification

  • Meeting mandated AML training needs through preparation and study
  • 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!
  • Proving their AML experience to examiners and regulators
  • 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

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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.

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

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ACAMS CAMS日本語 Exam Syllabus Topics:

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

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