CAMS stands for Certified Anti-Money Laundering Specialist. It is a leading certification for professionals in the anti-money laundering (AML) field, demonstrating their expertise in detecting and preventing money laundering.

Becoming CAMS certified validates your knowledge and expertise in the AML field, enhances your professional credibility, potentially leads to career advancement, and increases your marketability to employers.

CAMS is the certification, while ACAMS (Association of Certified Anti-Money Laundering Specialists) is the organization that offers the CAMS certification along with other educational resources and events in the AML field.

The CAMS (Certified Anti-Money Laundering Specialist) certification process involves several steps designed to assess your knowledge and expertise in anti-money laundering (AML) principles and practices. Here’s an overview of the CAMS certification process:

1. Eligibility Verification: Before applying for the CAMS exam, you must ensure that you meet the eligibility criteria set by the Association of Certified Anti-Money Laundering Specialists (ACAMS). This typically includes having relevant work experience in AML compliance or a related field.

2. Exam Registration: Once you confirm your eligibility, you can register for the CAMS exam through the ACAMS website. You’ll need to pay the exam fee and select a testing center and date for your exam.

3. Exam Preparation: ACAMS offers study materials, including textbooks, online courses, and practice exams, to help you prepare for the CAMS exam. It’s essential to thoroughly review the exam content outline and focus on key topics such as AML regulations, risk assessment, customer due diligence, and transaction monitoring.

4. CAMS Exam: The CAMS exam consists of multiple-choice questions that assess your understanding of AML concepts, regulations, and best practices. The exam is typically administered at designated testing centers and has a time limit for completion.

5. Exam Results: After completing the CAMS exam, you’ll receive your results indicating whether you passed or failed. ACAMS typically provides detailed feedback on your performance, highlighting areas of strength and areas for improvement.

6. Continuing Education: Upon passing the CAMS exam, you’ll be awarded the CAMS certification. However, maintaining your certification requires ongoing education and professional development. ACAMS offers various resources, including webinars, conferences, and continuing education credits, to help you stay current with industry trends and regulatory changes.

AmpliSkill guides you through each step to make it as hassle-free as possible.

ACAMS uses a point system to calculate eligibility for the certification exam. The eligibility for the CAMS certification typically is a combination of education and work experience in the anti-money laundering (AML) field. As per ACAMS, you need to have a minimum of 40 points to be eligible to apply for the certification. The specifics include:

• Professional Experience:
  • 10 points for each full year of professional experience (related to anti-financial crime)
• Professional certifications:
  • 10 points for each professional certifications in anti-financial crime, financial or compliance related
• Education:
  • At a minimum you need to have a post-secondary education degree
    • Associates Degree – 10 Points
    • Bachelor’s Degree – 20 Points
    • Master’s Degree – 30 Points
    • JD / Ph.D. – 40 Points
  • Trainings:
    • If you have attended trainings, webinars, seminars etc. on the topics of money laundering and financial crime, you are eligible to get 1 Point for every hour of such events

You can calculate the points on your own or visit ACAMS website for the latest calculator.

Preparation for the CAMS examination involves studying the official CAMS study guide, participating in online or in-person training courses, and taking practice exams to familiarize yourself with the exam format and types of questions.

The time required to prepare for the CAMS (Certified Anti-Money Laundering Specialist) exam can vary depending on several factors, including your prior knowledge and experience in anti-money laundering (AML) compliance, your study habits, and your availability to dedicate to exam preparation.

Our experts help you design a study plan based on your AML knowledge. We provide questions bank and mock tests to help you prepare for CAMS Exam.

We make our best efforts to accommodate students from all time zones with different working hours. Hence, we conduct our trainings in various batches and the timings are adjusted based on number of participants and their preferences.

You will have an option to choose between weekday and weekend sessions as per your schedule. Our weekday sessions are about 90 minutes and weekend sessions are about 3 to 4 hours.

Typical duration of a batch is 6 weeks covering 40 to 45 hours of live training sessions.

Yes. We provide 10 mock practice tests through our LMS. You can attempt these tests as many times as you want. We provide access to our LMS for 6 months, during which you can retake these tests as many times you want.

These tests have time limits and carry proportionate number of questions from each chapter to helps you get used to the exam pressure and manage your time effectively.

You can use the “Register” button on this page or use our LMS page to join us. Our session coordinator will connect with you within 24 hours to finalize the batch and timing you wish to join.

In case any concerns or queries, you can always write to us at mailto:info@ampliskill.com or Whatsapp us at +91-939-809-0992.

No need to worry, if you missed a session or two. We publish recordings of every session which are available in our LMS for 15 days for you to go through.

If you wish to attend a live session with another batch, you can connect with your batch coordinator or write to us at mailto:info@ampliskill.com or Whatsapp us at +91-939-809-0992.

CFCS (Certified Financial Crime Specialist) certification is broader and covers various aspects of financial crime, including money laundering, fraud, and compliance, whereas CAMS is specifically focused on anti-money laundering.

The cost of ACAMS certification, including the CAMS exam, varies based on membership status and geographic location. The cost for the exam is ~$1,900 for private sector professionals and ~$1,450 for public sector.

ACAMS provides certain discounts based on geography, employer or if any promotional event is ongoing. ACAMS often doesn’t publish such discounts, hence we suggest to reach out them directly to check about discounts.

Yes, there is a difference in cost. CAMS certification cost is specifically focused on AML certification, while CFCS certification cost encompasses a broader range of financial crimes. Each certification has its own fee structure, with CAMS generally being more expensive due to its specialized focus and global recognition.

Yes, the CAMS exam can be taken online through a proctored exam format, allowing candidates to complete the certification process from virtually anywhere, provided they have a suitable computer setup and internet connection.