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Constantly updated system

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Career Path

After obtaining this specialist-level CAMS certification, individuals may go on to get more advanced CAMS designations by ACAMS, which are offered in three fields. Thus, they are the Advanced CAMS - Audit, Advanced CAMS - Financial Crimes Investigations, and Advanced CAMS - Risk Management.

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About CAMS Designation

The CAMS certification is well-known around the globe for being the gold standard among Anti-Money Laundering validations which outlines the main aspects of money laundering and its prevention. What is more, such a certificate helps in encouraging a culture of compliance in organizations and demonstrating one's dedication to a structured risk-based approach. It also helps in meeting accepter anti-money laundering training requirements while rewarding and retaining top performers. Finally, the certification also aids in successfully safeguarding against financial damage.

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

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ACAMS CAMS Deutsch Exam Syllabus Topics:

SectionWeightObjectives
Compliance Standards for AML/CFT25%- International organizations and bodies
  • 1. Egmont Group of Financial Intelligence Units
  • 2. Standard-setting bodies
  • 3. Financial Action Task Force
- Risk-based approach fundamentals
  • 1. Application across jurisdictions
  • 2. Principles of risk assessment
- Global regulatory frameworks
  • 1. EU AML Directives
  • 2. Basel Committee guidelines
  • 3. Wolfsberg Principles
  • 4. USA PATRIOT Act and national regulations
  • 5. FATF 40 Recommendations
AML/CFT Compliance Programs28%- Training, audit and independent review
  • 1. Continuous improvement
  • 2. Staff training programs
  • 3. Internal and external audit functions
- Core elements of compliance programs
  • 1. Policies, procedures and controls
  • 2. Risk assessment and management
  • 3. Governance and oversight
- Customer due diligence requirements
  • 1. Beneficial ownership identification
  • 2. Ongoing monitoring
  • 3. KYC/CDD and enhanced due diligence
- Reporting and record-keeping
  • 1. Record retention requirements
  • 2. Suspicious activity reporting (SAR/STR)
Risks and Methods of Money Laundering and Terrorist Financing26%- Sanctions and related risks
  • 1. UN, EU, OFAC and other sanctions regimes
  • 2. Consequences of non-compliance
- Sector-specific vulnerabilities
  • 1. Money services businesses
  • 2. Securities and capital markets
  • 3. Banking and deposit-taking institutions
  • 4. Real estate
  • 5. Insurance sector
  • 6. Gaming and casinos
  • 7. Precious metals and high-value goods
  • 8. Legal and professional service providers
- Money laundering stages and mechanisms
  • 1. Placement, layering, integration
  • 2. Trade-based money laundering
  • 3. Terrorist financing methods
Conducting and Responding to Investigations21%- Disciplinary and remedial actions
  • 1. Preventing recurrence
  • 2. Corrective measures and sanctions
- Detection and red flags
  • 1. Industry-specific red flags
  • 2. Identifying suspicious activities and transactions
- Information sharing and cooperation
  • 1. Working with FIUs and law enforcement
  • 2. Domestic and international cooperation
- Investigation process and case management
  • 1. Case documentation and reporting
  • 2. Evidence gathering and analysis

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