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CAMS Course Overview
The Certified Anti Money Laundering Specialist (CAMS) designation denotes a superior level of understanding of international AML/CFT principles. Passing the CAMS examination distinguishes you as an AML/CFT authority and helps mitigate institutional financial crime risks. Internationally renowned and accepted, world governments acknowledge the CAMS Certification as the gold standard in AML/CFT compliance. Those who earn the CAMS designation reap multiple benefits, as increasing their professional value through better understanding of financial crime detection and prevention techniques, protecting their institution from money laundering threats and minimize financial crime risks, meeting mandated AML training requirements through preparation and study, and proving their AML expertise to examiners and regulators.
CAMS Course Content
The Certified Anti-Money Laundering Specialist (CAMS) examination consists four parts. Below you will find the test objectives for each of the parts as well as the overall percentage weight of each part.
- Overview of ML/TF
- Banks and Other Depository Institutions
- Nonbank Financial Institutions
- Nonfinancial Businesses and Professions
- International Trade Activity
- Risk Associated with New Payment Products and Services
- Corporate Vehicles Used to Facilitate Illicit Finance
- Terrorist Financing
- Financial Action Task Force
- The Basel Committee on Banking Supervision
- European Union Directives on Money Laundering
- FATF-Style Regional Bodies
- Other Influencing Bodies
- Key US Legislative and Regulatory Initiatives
- Assessing AML/CFT Risk
- AML/CFT Program
- Know Your Customer
- Monitoring and Screening
- Money Laundering and Terrorist Financing Red Flags
- Investigations Initiated by the Financial Organization
- Investigations Initiated by Law Enforcement
- AML/CFT Cooperation between Countries
Most Valued For
Banking Professionals
Compliance Professionals
KYC Executives
Bank Auditors
NBFC’s Professionals
AML Officers
What You Will Learn
AML/CFT Controls
Best Due Diligence
Global Standards
AML Compliance Programs
Financial Crime Investigation
Anti Financial Crimes Techniques
Know Your Trainer
Puneet Garg
18+ Years Experience
CA, CS, CIA, CFE, CAMS
Puneet Garg is a qualified Chartered Accountant (CA), Company Secretary (CS), Certified Internal Auditor (CIA), Certified Anti money Laundering Specialist (CAMS) and Certified Fraud Examiner (CFE) with more than 18 years of experience in diverse areas of Internal Audit, Compliance, Risk Management, Forensics and Finance.
He has been associated with Alchemist Group of companies, Hyundai Motors, Samsung Electronics India, Panasonic India and DCM Shriram Industries. He has in-depth experience of performing internal audit assignments and conducting fraud examination as a team member and team leader. Puneet has lead various assignments across the globe including Dubai, Saudi and UK to name a few.
Apart from a successful Corporate career, he has taught thousands of aspirants academically and help them enrich their skills in the field of audit and fraud examination.
CAMS Exam Format
Single Exam
Total 120 Questions (One Mark Each)
Passing Score (75 Marks)
3.5 Hours (Exam Time)
Multiple Choice Questions
No Negative Marking
Why Earn CAMS
Enhances career prospects in KYC/ Compliance World.
Develops expertise in detecting and preventing money laundering and financial crimes.
Boosts credibility and earning potential.
Equips professionals with up-to-date knowledge of AML regulations.
Fosters a strong global network in AML field.
Why Academy of Internal Audit
CAMS Qualified Instructor
Training Support
Access to Recorded Sessions
Flexible Schedule
Best CAMS Study Material
What all AIA CAMS LMS include
Short Study Guide
Academy of Internal Audit provides short CAMS study guide which is more than sufficient to pass the exam.
Practice Questions
We provide more than 700 CAMS practice questions. Along with correct answers and explanation as well.
Video Lectures
We provide Live/Recorded lectures (more than 30 Hrs) to clear each and every concept to pass the exam in first attempt.
Mock Test
Once you are done with all above, CAMS Mock Test will also be conducted.
Cost
Everything mentioned above (CAMS Study Guide, Practice Question, Video Lectures, Query Session and Mock Tests) are provided at a nominal charge.
REGULAR UPDATES
Kindly note, all of our material are updated as per latest syllabus.
CAMS FAQs
About the CAMS Certification
CAMS is recognized as the gold standard in AML certifications by institutions, governments and regulators worldwide. CAMS certification is accredited by ACAMS.
CAMS certification is very well recognised and highly in demand across the globe.
It enriches you with skills by which you can help your organization minimize risk. Having a CAMS-certified team ensures that your colleagues share and maintain a common level of AML knowledge. It upgrades your skills. Having a CAMS certified team lends tremendous credibility to your AML program, thereby enhancing your commitment and diligence in the eyes of regulators. Hence it will open many new doors for your professional journey.
40 eligibility credits required
- Education: 10 for Associates, 20 for Bachelors, 30 for Masters and 40 for JD or PhD
- Work Experience: 10 credits for each year of experience
- Training: 1 credit for each hour of financial-crime related training To check if you meet the eligibility requirements, go to: ACAMS> Eligibility Calculator
You can complete it in 2-3 months if you study 4-5 hours a week. It can be completed in a shorter period as well if you study for a higher number of hours per week.
If you have total eligibility points considering your educational or training details, no further experience is required.
Refer Above. Different sections and topics covered are explained.
About the CAMS Study
Academy of Internal Audit provides a complete preparation course for CAMS Certification. For more details, check the above section.
On payment of fees, we will share an online application form with you in which you have to share basic details like name, address etc. Hard copies of books will be dispatched on the same day. All access will also be provided immediately.
Ideally course is designed in such a way that you can complete the same in 2-3 months. However, the validity of the prep course will be 6 months. Also, we will be happy to extend our support for a couple of months more, if there is reasonable cause for the request for an extension.
Once you register with us you will be added to a WhatsApp group. The link to join the class will be shared on that group just before the class. You can simply click on the link and join the class. No application needs to be pre-installed.
We assure you that AIA CAMS Prep Course will be more than sufficient to pass the exam on the first attempt. You don't need to refer to anything else.
About the CAMS Exam
Whatever you claim for points calculation, proof of the same needs to be uploaded. For Point Criteria, refer to FAQ under About the Certification tab above.
Yes definitely, we will guide you step by step procedure of registration. Faculty will also review your exam application before submission to ACAMS.
Exam Fees keep on changing. Please visit www.acams.org for the recent amount payable. It is approximately rus around 2000 USD.
CAMS exam can be attempted throughout the year. It means that you can give an exam at any point of time comfortable to you.
Exams are conducted online only. You can give exams from the comfort of your home. If you have any limitations with the computer, mic, camera, internet etc, you can give the exam from the examination centre as well. Examination centres are available in most of the big cities.
All questions will be objective type ( MCQ) only and the Exam contains 120 questions and the allowed time is 3.5 hours. Passing score is 75 out of 120.
Results are declared immediately on the spot on submission of the exam.
No, dear. It's completely a closed-book exam. Even your audio and video will be captured throughout the exam and will be screened before the announcement of the final result.
About the CAMS Award
Once you pass the exam. You will be getting a final confirmation mail from ACAMS with a digital copy of your CAMS Certificate.
As mentioned, ACAMS will be sent an email to your registered email address.