CAMS exam pattern and course outline


Certified Anti-Money Laundering Specialist (CAMS) is one of the most sought after certification today.If you are new in this field and you are wondering if it’s worth and want to know brief details about certification so here is your problem’s solution What is ACAMS

Let’s  discuss about CAMS exam pattern

Exam pattern

CAMSexam questions are based on money laundering as well ad terrorist financing techniques. Even so, you may encounter these issues in the form of subjects concerning the non-bank financial system. These include

·         Casinos

·          Insurance firms

·         Modern terrorist financing techniques.

 In the same vein, questions regarding compliance arrangements will concern on risk models, evaluations and procedural policies. Candidates will also be asked about how to manage compliance programs by best practices,internal controls and ongoing training. Besides, the additional exam sections cover

·         Investigation processes,

·         Internal and international anti-money laundering laws.

So, make sure you have  well grip in all the above topics mentioned. 

Nevertheless, if you’re still confused about where to fetch the broad course outline of the CAMS examination. Not to fret, we've got you covered. In the next sections, we’re starting to discuss the CAMS exam course outline. So, please stay with us. 

Course Outline

Chapter1: RISKS AND METHODS OF MONEY LAUNDERING AND TERRORISM FINANCING 26%

  1.  What is money laundering?
  2.  Three stages in the money laundering cycle.
  3. The risk associated with new payment products and services.
  4.  Corporate vehicles used to facilitate illicit finance.

 

Chapter2: AML, CFT AND SANCTIONS COMPLIANCE PROGRAMS 28%

 

  1. Financial Action Task Force (FATF).

 

Chapter3: COMPLIANCE STANDARDS FOR ANTI-MONEY LAUNDERING (AML) AND COMBATING THE FINANCING OF TERRORISM (CFT) 25%

1.       Assessing AML/CFT Risk. 

  1. AML/CFT Program.

 

Chapter4: CONDUCTING AND SUPPORTING THE INVESTIGATION PROCESS 21%

  1. Investigations initiated by the financial institution.
  2. AML/CFT Cooperation between Countries.

 

Other Exam Details

After fulfilling all prerequisites, it’s time to understand the exam details

Thus, the CAMS exam consists of 120 multiple choice questions that candidates must finish within 210 minutes (3.5 hours). Equally for the negative marking, there are no penalties for picking out the incorrect solution. As a consequence, the candidate is exhorted to avoid leaving questions unanswered. As well, the candidates need to score 75 higher to qualify for the examination. Moreover, the exam is available in the following languages-

  • Arabic
  • Bahasa Indonesia
  • Chinese – simplified
  • Chinese – traditional
  • English
  • French
  • German
  • Japanese
  • Polish
  • Portuguese
  • Russian
  • Spanish

 

Surely, that is a pretty heavy list , that implies ACAMS offers so many alternatives to the candidates

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What is ACAMS

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What is ACAMS ? ACAMS means Association of Certified Anti-Money Laundering Specialist .ACAMS is the largest international membership organization dedicated to enhancing the knowledge and expertise of financial crime detection and prevention professionals, from a range of industries in   both sectors public and private. If you want to start your career in Anti-Money-Laundering   this exam is for you. It helps AML specialists with profession enhancement by, cutting-edge training and education, their certification and training act as a panel where experts can change strategies and ideas. It also helps practitioners in, executing ,promoting and upholding proven sound AML applications and methods. Helps in Improving financial and non-financial association identify and determine (CAMS) assigned individuals in the rapidly expanding AML field. CAMS is a stipulation for financial auditors to fight money laundering. This certification is globally accepted b
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