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What is the duration of the CAMS Exam

Format: Multiple choices, multiple answers Length of Examination: 3 1/2 hours

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

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Certification Path

The CAMS Certified Anti-Money Laundering Specialist certification path includes only one CAMS certification exam.

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ACAMS CAMS Exam Syllabus Topics:

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

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