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Recertification

Individuals must get recertified every three years if they wish to maintain their CAMS certification. To get recertified, individuals must have maintained their ACAMS membership, provide proof of having continued their professional education, and submit an online application along with a recertification fee.

Who Is It for?

The CAMS endorsement is ideal for those seeking to signify a high understanding of international AML/CFT principles. Obtaining this certification will help recognize you as an AML/CFT authority and prevent institutional financial crime risks.

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

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.

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

If you're looking for the prestigious AML certificate issued by a reputed international organization that specializes in and is dedicated to the detection and prevention of financial crime, then you should opt for the ACAMS Certified Anti-Money Laundering Specialist (CAMS) certification exam which ensures an individual's skill in the field of anti-money laundering.

ACAMS CAMS Korean Exam Syllabus Topics:

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

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