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The CAMS certification program covers a wide range of topics, including money laundering and terrorist financing methods, risk management, compliance programs, and regulatory frameworks. CAMS exam assesses the candidate's understanding of these topics and their ability to apply them to real-world scenarios. By earning the CAMS certification, individuals demonstrate their commitment to the fight against financial crime and their ability to contribute to the development and implementation of effective anti-money laundering programs.
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| Topic 1 | - Examination Day Operations and Ethics: This area outlines the practicalities of exam logistics and integrity. It covers scheduling, rescheduling, and refund policies, ID requirements, and the importance of exam security. It describes acceptable and prohibited items in test centers, center problem reporting, inclement weather procedures, and options for online proctoring where available. It also explains confidentiality, results reporting, retake policies, and the process for appeals in cases of denial or revocation. The section emphasizes the need to maintain the integrity of exam materials and to adhere to privacy and data protection standards during investigations and in reporting procedures.
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| Topic 2 | - Tool Sand Technologies to Fight Financial Crime: This part covers practical capabilities for implementing AFC controls. It includes the selection and integration of tools across the customer lifecycle, data quality, and the use of digital onboarding and identity verification technologies. Topics include onboarding and ongoing screening sources such as credit references, beneficial ownership registers, adverse media, criminal records, and government identity checks, plus sanctions screening against UN OFAC EU lists and other watch lists. It also discusses ongoing controls like AI
- ML-driven monitoring, list management, transaction screening including SWIFT and blockchain transactions, and the evolution from rules-based to AI-enhanced monitoring. The section also considers privacy data protection, tool selection, and the operational impact of deploying AFC technologies in a risk-based framework.
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| Topic 3 | - Building an Anti-financial Crime Compliance Program: This section measures the skills of Compliance Manager and focuses on designing, implementing, and governing an effective AFC program. Topics include the core pillars of AFC programs, the three lines of defense, risk appetite statements, and enterprise risk assessment. It covers building a risk-based approach, differentiating policies standards and procedures, staying aligned with regulatory guidance, and establishing governance through appropriate committees. It also covers FATF and UN roles, regulator and law enforcement coordination, and public-private partnerships for data sharing and collaboration across jurisdictions. The section then moves into detailed onboarding and ongoing controls, including KYC CDD EDD, sanctions screening, suspicious activity monitoring, and the use of AI
- ML tools. It concludes with evaluating AFC tools, data quality, and the balance between customer experience and risk controls.
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| Topic 4 | - Risks andMethods of Money Laundering and Terrorism Financing: This section measures the skills of Anti-Money Laundering Specialist and covers definitions of AML CFT sanctions and related financial crime concepts. It includes how money laundering and terrorist financing occur across various sectors and products such as banking, insurance, real estate, gaming, high value items, and professional services. It also emphasizes recognizing the typical red flags and typologies associated with money laundering and financing terrorism, including emerging risks tied to technology and new methods of concealment.
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| Topic 5 | - Global AFC Frameworks Governance and regulations: This portion measures the skills of AFC Governance Lead and covers international and regional frameworks, regulatory bodies, and the coordination among regulators, FIUs, and law enforcement. Topics include KPIs KRIs and board reporting needs, cross-border reporting requirements, and the integration of controls across customer lifecycles. It also addresses the design and monitoring of controls such as KYC CDD EDD due diligence, and risk assessments across different products and services, including high-risk customers and jurisdictions. The section stresses the importance of awareness of AFC sanctions regimes across different regions, and the value of public-private collaboration for data and intelligence sharing.
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The CAMS certification program covers a broad range of topics related to AML, including regulations, risk assessment, customer due diligence, transaction monitoring, and investigations. The program is designed to provide professionals with a comprehensive understanding of the AML landscape and the tools and techniques used to prevent financial crimes. Certified Anti-Money Laundering Specialists (the 6th edition) certification program is available to individuals working in a variety of roles within the financial industry, including compliance officers, risk management professionals, law enforcement officials, and regulatory officials.
ACAMS CAMS (Certified Anti-Money Laundering Specialists) Certification Exam is a highly respected and globally recognized certification for professionals who are involved in the prevention and detection of money laundering and other financial crimes. Certified Anti-Money Laundering Specialists (the 6th edition) certification is offered by the Association of Certified Anti-Money Laundering Specialists (ACAMS), which is the largest international organization dedicated to enhancing the knowledge and skills of professionals in the anti-money laundering (AML) field.
To become a CAMS certified professional, candidates must pass a rigorous exam that tests their knowledge of AML regulations, best practices, and emerging trends. CAMS exam consists of 120 multiple-choice questions and must be completed in four hours. CAMS exam covers four main areas: AML programs and controls, customer due diligence, transaction monitoring, and sanctions screening. To pass the CAMS exam, candidates must achieve a score of 75% or higher.
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