Acams CAMS Exam Syllabus
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Before starting your CAMS exam preparation, it is recommended to review the complete Acams Certified Anti-Money Laundering Specialist v7 exam syllabus and carefully go through the exam objectives listed below. Once you understand the exam structure and objectives, you should practice using our free CAMS questions. We also provide premium CAMS practice test, fully updated according to the latest exam objectives, to help you accurately assess your preparedness for the actual exam.
Acams CAMS Exam Objectives
| Section | Weight | Objectives |
|---|---|---|
| RISKS AND METHODS OF MONEY LAUNDERING AND TERRORISM FINANCING | 26% | This section focuses on identifying the various risks and methods associated with money laundering and terrorism financing. Candidates will need to recognize the risks to both individuals and institutions for violations of anti-money laundering (AML) laws. They must also understand the broader economic and social consequences of money laundering activities. The exam will test knowledge of the purpose behind sanctions imposed by entities like OFAC, the UN, and EU. Candidates will also need to demonstrate familiarity with the different methods used to finance terrorism as well as the techniques for laundering money through banks, insurance companies, capital markets, gaming, precious metals, real estate, and other sectors. Identifying red flags that could indicate potential money laundering or terrorism financing in various industries is another key aspect of this topic area. |
| COMPLIANCE STANDARDS FOR ANTI-MONEY LAUNDERING (AML) AND COMBATING THE FINANCING OF TERRORISM (CFT) | 25% | This section assesses understanding of the key compliance frameworks and principles related to AML and CFT. Candidates must be able to identify the major components of the FATF 40 Recommendations as well as comprehend FATF's processes for raising awareness about jurisdictions with inadequate AML controls. They will also need to know the key aspects of the BASEL Committee's Customer Due Diligence Principles and the Wolfsberg Group's AML Principles, particularly as they pertain to private banking and correspondent banking. |
| AML, CFT AND SANCTIONS COMPLIANCE PROGRAMS | 28% | This section focuses on the design and implementation of effective AML, CFT, and sanctions compliance programs. Candidates must be able to recognize the essential elements of an institution-wide risk assessment. They will also need to determine the appropriate courses of action for mitigating unmitigated risks, as well as identify the critical components of control frameworks, record-keeping requirements, and training programs. |
| CONDUCTING AND SUPPORTING THE INVESTIGATION PROCESS | 21% | The final section evaluates the candidate's understanding of the investigation process. This includes knowing how to properly report high-profile suspicious activity reports (SARs) or suspicious transaction reports (STRs) to management and regulatory authorities. Candidates must also demonstrate comprehension of best practices for maintaining and securing all documentation used to identify and investigate suspicious activity. |
| Official Information | https://www.acams.org/sites/default/files/2024-02/EN-CAMS_011924.pdf |
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