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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.

How much CAMS Exam Cost

There are two options. Candidate can choose either with a virtual classroom package or without a virtual classroom package.

Price and benefits of with virtual classroom package

  • This package consists of a CAMS study guide, Online Preparation Course, CAMS Virtual classroom and CAMS Examination
  • The price of this package is $1,880 for private sectors and $1,540 for public sectors

Price and benefits of without virtual classroom package:

  • This package consists of a CAMS study guide, Online Preparation Course and CAMS Examination
  • The price of this package is $1,459 for private sectors and $1,145 for public sectors

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

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ACAMS CAMS Korean Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: 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. Insurance sector
  • 2. Precious metals and high-value goods
  • 3. Real estate
  • 4. Securities and capital markets
  • 5. Money services businesses
  • 6. Legal and professional service providers
  • 7. Gaming and casinos
  • 8. Banking and deposit-taking institutions
- Money laundering stages and mechanisms
  • 1. Trade-based money laundering
  • 2. Placement, layering, integration
  • 3. Terrorist financing methods
Topic 2: AML/CFT Compliance Programs28%- Training, audit and independent review
  • 1. Staff training programs
  • 2. Internal and external audit functions
  • 3. Continuous improvement
- Reporting and record-keeping
  • 1. Record retention requirements
  • 2. Suspicious activity reporting (SAR/STR)
- Core elements of compliance programs
  • 1. Governance and oversight
  • 2. Policies, procedures and controls
  • 3. Risk assessment and management
- Customer due diligence requirements
  • 1. Ongoing monitoring
  • 2. KYC/CDD and enhanced due diligence
  • 3. Beneficial ownership identification
Topic 3: Conducting and Responding to Investigations21%- Investigation process and case management
  • 1. Evidence gathering and analysis
  • 2. Case documentation and reporting
- 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
Topic 4: Compliance Standards for AML/CFT25%- Global regulatory frameworks
  • 1. EU AML Directives
  • 2. USA PATRIOT Act and national regulations
  • 3. FATF 40 Recommendations
  • 4. Wolfsberg Principles
  • 5. Basel Committee guidelines
- International organizations and bodies
  • 1. Financial Action Task Force
  • 2. Standard-setting bodies
  • 3. Egmont Group of Financial Intelligence Units
- Risk-based approach fundamentals
  • 1. Principles of risk assessment
  • 2. Application across jurisdictions

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