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Certified Anti-Money Laundering Specialist (CAMS) Practice Test And Course Preparation
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Frequently Asked Questions
ACAMS stands for the Association of Certified Anti-Money Laundering Specialists. It is a globally recognized organization dedicated to enhancing knowledge and expertise in anti-money laundering and financial crime prevention.
ACAMS is a professional organization that provides resources, certifications, and training for individuals working in anti-money laundering, compliance, and financial crime prevention fields.
To be eligible for the CAMS exam, candidates must: Be an ACAMS member. Accumulate at least 40 qualifying credits through education, professional experience, or training programs related to AML or financial crime prevention.
The CAMS exam assesses knowledge in the following areas: AML and financial crime risk management frameworks. Money laundering methods and techniques. AML program development, implementation, and maintenance. Compliance with international laws and regulations. Conducting investigations and preparing reports.
Yes, ACAMS certification is highly regarded in the financial crime prevention industry. It demonstrates your expertise in anti-money laundering practices and can improve career prospects, salary potential, and professional credibility.
Recognition as an expert in AML and financial crime prevention. Enhanced career opportunities in compliance, risk management, and financial crime prevention. Increased earning potential and professional credibility. Access to an extensive global network of AML professionals through ACAMS membership.
The time required to get ACAMS certified depends on your study schedule and familiarity with the material. On average, candidates spend around 40–80 hours preparing for the exam, which can take a few weeks to a few months.
ACAMS certification, formally known as the Certified Anti-Money Laundering Specialist (CAMS) credential, is a globally recognized certification that validates an individual's knowledge and skills in anti-money laundering and financial crime detection and prevention.
To get ACAMS certification, you must: Register with ACAMS and pay the certification fee. Study the CAMS Examination Study Guide and other resources. Schedule and pass the CAMS exam, which evaluates your knowledge of anti-money laundering practices.
The cost of CAMS certification varies depending on membership status. On average, the total cost, including the exam fee, study materials, and membership, is around $2,000–$3,000.
Yes, candidates who do not pass the CAMS exam may retake it. However, they will need to pay a retake fee and coordinate with ACAMS for a new testing date.
To maintain your CAMS certification, you must complete 60 continuing education credits (CECs) every three years and pay the recertification fee. CECs can be earned by attending ACAMS events, completing relevant courses, or participating in AML-related activities.
You can register for the CAMS exam through the ACAMS website. During registration, you must submit proof of eligibility, select your preferred testing method (online or in-person), and pay the exam fee.
Yes, CAMS certification must be renewed every three years. Renewal involves earning continuing education credits and paying the recertification fee.
ACAMS provides accommodations for candidates with disabilities in compliance with ADA guidelines. Requests must be submitted during registration, along with supporting documentation.