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Who should take the CAMS exam

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

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

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The benefit in Obtaining the CAMS Exam Certification

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

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ACAMS CAMS 中文 Exam Syllabus Topics:

SectionWeightObjectives
AML/CFT Investigations and Enforcement23%- Enforcement Actions and Penalties
  • 1. Civil and Criminal Penalties
  • 2. Extradition and Mutual Legal Assistance
  • 3. Asset Freezing, Seizure, and Forfeiture
- AML/CFT Investigation Process
  • 1. Investigation Techniques and Evidence Gathering
  • 2. Interviewing Witnesses and Subjects
  • 3. Sources of Information and Open-Source Intelligence
- Cooperation and Information Sharing
  • 1. Public-Private Partnerships
  • 2. Law Enforcement and Regulatory Cooperation
AML/CFT Compliance Program26%- Record Keeping and Information Sharing
  • 1. Information Sharing Arrangements (e.g., Section 314(b))
  • 2. Confidentiality and Data Protection
- Customer Identification Program (CIP) and Customer Due Diligence (CDD)
  • 1. Beneficial Ownership Identification
  • 2. Customer Identification and Verification Procedures
  • 3. Enhanced Due Diligence (EDD)
- Ongoing Monitoring and Reporting
  • 1. Currency Transaction Reporting (CTRs)
  • 2. Transaction Monitoring Systems
  • 3. Suspicious Activity Reporting (SARs)
Compliance Standards for Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT)25%- AML/CFT Compliance Program Designation
  • 1. Components of an Effective AML/CFT Program
  • 2. Risk-Based Approach Implementation
  • 3. Board and Senior Management Oversight
- AML/CFT Regulatory Bodies and Guidance
  • 1. Regulatory Expectations and Enforcement Actions
  • 2. Financial Intelligence Units (FIUs)
- AML/CFT International Standards
  • 1. Financial Action Task Force (FATF) Standards and Guidance
  • 2. United Nations (UN) Sanctions and Conventions
  • 3. Wolfsberg Group Principles
Money Laundering Risks and Methods26%- Nature of Money Laundering, Terrorist Financing, and Threat Finance
  • 1. Threat Finance and Terrorist Financing
  • 2. Differences between Money Laundering and Terrorist Financing
  • 3. Characteristics and Methods of Money Laundering
- Payment Systems and Money Laundering Methods
  • 1. Correspondent Banking and Wire Transfers
  • 2. Trade-Based Money Laundering
  • 3. Digital Currencies and Virtual Assets
- Money Laundering and Terrorist Financing Risks
  • 1. Politically Exposed Persons (PEPs)
  • 2. Jurisdictional Risks (High-Risk and Non-Cooperative Countries)
  • 3. Risk Assessment Concepts and Methodologies

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