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To obtain the ACAMS CAMS certificate individuals must take and successfully pass the affiliated namesake CAMS exam, which requires individuals to go through a three-step process. This has been outlined below:
After gaining membership at ACAMS, individuals are required to submit an application form along with payment. To be eligible to send an application, individuals must meet the following requirements: hold an active ACAMS membership, have 40 ACAMS credits, possess an education (10 credits for associates, 20 credits for bachelors, 30 credits for masters, and 40 credits for JD, or PhD), possess work experience (10 credits for each year of work experience), and have training (1 credit for an hour of training in the field of financial crime).
Individuals may gain membership of ACAMS as individuals, as part of an enterprise, as public sector workers, or as part of a chapter. Members are required to make a standard membership payment.
After an individual is found to be eligible and their application has been approved, they may go on to schedule their CAMS evaluation.
CAMS Certified Anti-Money Laundering Specialist Exam is designed by the Association of certified anti-money laundering specialist (ACAMS) is a global membership organization that provides training and certification, of anti-money laundering professionals worldwide. ACAMS is supporting financial AML professionals through knowledge sharing and skills development. CAMS exam tests candidates basic knowledge on setting up an AML compliance program, money laundering schemes, various international AML regulations, and how to handle AML investigations. CAMS exam is internationally recognized and a good designation for those who are looking to work in the AML field.
Reference: https://www.acams.org/sites/default/files/2024-02/EN-CAMS_011924.pdf
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Format: Multiple choices, multiple answers Length of Examination: 3 1/2 hours
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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Money Laundering Risks and Methods | 26% | - Payment Systems and Money Laundering Methods
|
| Topic 2: Compliance Standards for Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) | 25% | - AML/CFT International Standards
|
| Topic 3: AML/CFT Investigations and Enforcement | 23% | - Enforcement Actions and Penalties
|
| Topic 4: AML/CFT Compliance Program | 26% | - Record Keeping and Information Sharing
|
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