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The CAMS Certified Anti-Money Laundering Specialist certification path includes only one CAMS certification exam.
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 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).
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 an individual is found to be eligible and their application has been approved, they may go on to schedule their CAMS evaluation.
Reference: https://www.acams.org/sites/default/files/2024-02/EN-CAMS_011924.pdf
These are following steps for registering the CAMS exam.
Step 1: Fill your contact and membership information form Step 2: Select your CAMS exam package and certification language Step 3: Select any payment method and write the certification name Step 4: Mail or Fax exam application with attached necessary documents (diploma, copies etc) that fulfill the 40 credit prerequisite to this address:
ACAMS Attn. Certification Department Brickell City Tower 80 Southwest 8th Street, Suite 2350 Fax: +1.305.373.7788 or +1.305.373.5229
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.
| Section | Weight | Objectives |
|---|---|---|
| Risks and Methods of Money Laundering and Terrorist Financing | 26% | - Money laundering stages and mechanisms
|
| AML/CFT Compliance Programs | 28% | - Reporting and record-keeping
|
| Compliance Standards for AML/CFT | 25% | - Global regulatory frameworks
|
| Conducting and Responding to Investigations | 21% | - Investigation process and case management
|
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