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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 an individual is found to be eligible and their application has been approved, they may go on to schedule their CAMS evaluation.
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 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).
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
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| Section | Objectives |
|---|---|
| Topic 1: Financial Crime Typologies and Risk | - Risk assessment methodologies - Sanctions and embargo compliance - Common money laundering typologies across industries |
| Topic 2: AML Compliance Framework | - AML compliance program structure - Internal controls and governance - Regulatory obligations and enforcement expectations |
| Topic 3: Transaction Monitoring and Reporting | - Suspicious activity detection and monitoring systems - Suspicious Activity Reports (SAR) / STR filing - Case management and investigation processes |
| Topic 4: Customer Due Diligence (CDD) and KYC | - Enhanced due diligence for high-risk customers - Customer identification and verification - Beneficial ownership and PEP screening |
| Topic 5: AML and CTF Fundamentals | - Money laundering and terrorist financing concepts - Stages and typologies of money laundering - International AML/CTF standards and FATF recommendations |
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