Blog – Certified Anti-Money-Laundering Specialist (CAMS Cheat Sheet)

Are you ready for the next step in your career? Are you ready to become a Certified Anti-Money Laundering Specialists (CAMS) Looking for a quick revision? We have the Expert Cheat Sheet for you. This Cheat Sheet will give the candidate a clear view of the exam. It also contains all the necessary resources and tools to help you pass the exam. It will help you find the job of your dreams.
Certified Anti-Money Laundering Specialist (CAMS: Overview
The Association of Certified Anti-Money Laundering Specialists(ACAMS) administers the Certified Anti-Money Laundering Specialist (CAMS) exam. The Certified Anti-Money Laundering Specialist credential (CAMS) is the gold standard in AML certifications. It is recognized internationally by financial institutions, governments, and regulators as a solemn pledge to protect the financial system from money laundering. To be eligible for the CAMS exam you must first become a member of the ACAMS. The CAMS certification exam tests your knowledge and ability as well as your understanding of anti-money laundering prevention, detection, and enforcement. This exam will help you get ahead.
Target Audience
Anyone who wants to work in the core compliance area (Banking, Exchange, Money Laundering). CAMS certification can be obtained. This certification is for people who want to develop their career in compliance.
Learning Path: Certified Anti-Money Loss Specialist
ACAMS was established in 2001 with the mission of setting an international standard for testing knowledge of people entrusted to detect and prevent money laundering. The Advanced CAMS certifications (CAMS, CAMSFCI, and CAMS Risk Management) are based on the expertise and foundation of CAMS-certified professionals. They provide professionals with the essential AML knowledge as well as the ability to meet regulatory requirements in the audit, financial crime investigations, and Risk Management fields.
Cheat Sheet for Certified Anti-Money Laundering Specialists (CAMS).
Preparing with the right resources and following the correct learning path is key to passing any exam. This Cheat Sheet will provide you with all the information you need to earn this highly valued credential.
Exam Objectives
Visit the Official Site to review all exam objectives. Before you begin to prepare for the exam, it is important to familiarize yourself with the CAMs certification exam concepts and courses. Spend enough time on each topic and be familiar with the subject. The exam covers the following four domains:
Topic 1: Risks of money laundering and terrorist financing (26%)
ACAMS Reference:Risks of Money Laundering, Terrorist Financing. Real money laundering risk in life insurance
1.1 First, identify the risks individuals face for violating AML laws.
1.2 Second, identify the risks for institutions in violation of AML laws.
1.3 Third, identify the economic and social implications of money laundering.
1.4 Identify the purpose for which sanctions are being imposed (e.g. OFAC, UN or EU).
1.5 Identify ways to finance terrorism.
1.6 Identify ways to launder money in banks and other deposit-taking institutions
1.7 Identify ways to launder money in insurance companies.
1.8 Identify ways to launder money through brokerdealers, investment advisers, and the capital market (e.g. futures, securities).
1.9 Identify ways to launder money used for gaming (e.g. casinos).
1.10. 1.10.
1.11 Identify ways to launder money that is used in real property.
1.12 Identify ways to launder mon.