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The CAMS exam covers four main areas of AML: (1) risk assessment, (2) AML program implementation, (3) AML compliance, and (4) AML investigation. To be eligible for the CAMS exam, candidates must have at least 40 hours of AML training or experience and must meet one of the following criteria: (1) hold a bachelor's degree or higher, (2) have three years of AML experience, or (3) have five years of experience in a related field.
Reference: https://www.acams.org/sites/default/files/2024-02/EN-CAMS_011924.pdf
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The CAMS certification exam covers a wide range of topics related to anti-money laundering, including money laundering schemes, banking regulations, risk assessments, and compliance strategies. CAMS exam is designed to test the candidate's knowledge of both the theoretical and practical aspects of anti-money laundering, and requires a thorough understanding of the latest industry trends and best practices.
The CAMS Certification Exam is a comprehensive and challenging exam that requires extensive preparation and study. CAMS exam consists of 120 multiple-choice questions that must be completed within four hours. To be eligible to take the exam, candidates must have at least 40 hours of AML training or related work experience and must meet other eligibility requirements set by ACAMS.
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ACAMS CAMS Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Customer Due Diligence (CDD) and KYC | - Enhanced due diligence for high-risk customers - Beneficial ownership and PEP screening - Customer identification and verification |
| AML Compliance Framework | - AML compliance program structure - Regulatory obligations and enforcement expectations - Internal controls and governance |
| Transaction Monitoring and Reporting | - Suspicious Activity Reports (SAR) / STR filing - Case management and investigation processes - Suspicious activity detection and monitoring systems |
| AML and CTF Fundamentals | - Money laundering and terrorist financing concepts - International AML/CTF standards and FATF recommendations - Stages and typologies of money laundering |
| Financial Crime Typologies and Risk | - Risk assessment methodologies - Sanctions and embargo compliance - Common money laundering typologies across industries |
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