CAMS Course Modules
- Module 1: Introduction to AML/ CFT
- Module 2: Legal & Regulatory Framework
- Module 3: Core Concepts
- Module 4: Money Laundering Vulnerabilities
- Module 5: Transaction Monitoring & Reporting
- Module 6: Other International Agencies
- Module 7: Risk & Governance
The CAMS exam is administered by the Association of Certified Anti-Money Laundering Specialists (ACAMS). The Certified Anti-Money Laundering Specialist (CAMS) credential is the gold model in Anti Money Laundering (AML) certifications and is acknowledged internationally by financial institutions, governments and regulators as a solemn commitment to protecting the financial system against money laundering.
An Anti-money Laundering Specialist, also known as a certified anti-money laundering specialist (CAMS) is a person responsible for the prevention, identification, and investigation of money laundering activity.
Banks and other financial institutions are the most prominent users of AML legislation, as they are compelled to report any suspicious behaviour to authorities.
With the advent of new, diverse technologies and digitization, criminals are now looking for creative new ways to commit crimes. Due to the rise in financial crimes, institutions now have an even greater need to invest in appropriate technology and adhere to regulations.
Money laundering is a growing menace and is the biggest concern for governments around the world. Criminals use money-laundering schemes to hide the origin of funds acquired through unlawful means. Therefore, to help detect and report any such suspicious activity, staff training and awareness-raising on Anti Money Laundering are needed. The reason is simple. Employees are a firm’s best defence against money launderers and terrorist financiers who may try to abuse the services it offers for their own illegal purposes.
The money laundering legislation calls for all relevant employees to receive AML training, stating that employees should be provided with ongoing training on identifying a transaction or other activity that may be related to money laundering or terrorist financing, and on how to proceed once such a transaction or activity is identified.
Anybody who aspires to work in the core compliance field (Banking, Money Exchange houses, etc.) can prepare for CAMS certification. This certification is also for those who wish to shift their career into compliance.
The Certified Anti-Money Laundering Specialist (CAMS) exam has 120 questions.
The (CAMS) is an online examination available in the form of multiple-choice and multiple-select questions.
The candidate will be given three and a half hours to complete the (CAMS) exam.
The candidate has to obtain 75% or above in order to pass the CAMS exam.
The candidate who wants to take the (CAMS) examination must have:
- An active ACAMS membership
- They must have 40 credits in education (10 for Associates, 20 for Bachelors, 30 for Masters, 40 for JD or PhD),
- Work experience (10 credits for each year of experience) and training (1 credit for each hour of financial-crime-related training).
The candidate has to follow some preparatory steps which are provided by our CAMS Trainers and try your hands-on practice test, etc.
- Bahasa Indonesia
Edoxi’s trainers will guide you and help you with the Anti Money Laundering Certification Exam.
If you have passed the AML Certification exam and received the CAMS certification, it is valid for 3 years. However, certified members will be required to further their knowledge through continuing education. Members will need to recertify upon the conclusion of this 3-year cycle.
Your score is displayed upon submission of your examination. You will also receive a printed score report at the test centre, and it will be emailed to you shortly after your examination. This email will state your exam results and how to maintain the certification up to date.
Candidates who fail are able to retake the examination 30 days after the first attempt, 60 days after the second attempt, and 90 days after the 3rd and each following attempt. The cost to retake the exam is $299 for private-sector members and $199 for public-sector members.
There is a rising demand for Anti-money Laundering Specialists and therefore the career options after you become a Certified Anti Money Laundering Specialist are plenty. Popular career options include AML Specialist/Associate, Financial Crime Operations Delivery Lead, AML Compliance Analyst, KYC Analyst, Money laundering reporting officer, Client Intelligence Unit (CIU) Director, Correspondent Banking (Compliance/ Anti-Financial Crime), Compliance Officer, etc. Most of them are employed with private money lending organisations or with nationalised banks.
Anti-Money Laundering Certification or becoming a Certified Anti Money Laundering Specialist is always beneficial and is crucial for those trying to enter the field to educate themselves in forensic accounting, statistical data mining, and risk management. Contact Edoxi now to get your Certified Anti Money Laundering Specialist Training.