Start Your CAMS Journey Today
– ACAMS is the Largest International AML and Financial Crime Prevention Community
– Apply Online to get certified as an Anti-Money Laundering Specialist in as little as 3 months
– Download the CAMS Handbook to get a printable PDF and learn more before you apply
CAMS is recognized as the gold standard in AML certifications by institutions, governments and regulators worldwide.
The CAMS Advantage
In recent years, Financial Crime has hit the headlines, and the spotlight is firmly on compliance. CAMS is an established global qualification that outlines the key principles of money laundering, and how to prevent it. In as little as three months, individuals and teams can be certified as Anti-Money Laundering Specialists.
Eligibility
What documents do I need to provide as evidence of my educational qualifications?
Please provide us with official transcripts or a copy of your diploma.
Am I eligible to take the CAMS Exam?
The full list of requirements is listed in the CAMS Candidate Handbook. However, at minimum, you will need to demonstrate you have 40 ACAMS credits (check our eligibility calculator) and be an ACAMS member.
Do you accept training credits from other organizations?
Yes, we do! Contact us for specifics.
Am I eligible to take the CAMS exam if I don’t hold a higher education degree?
Absolutely. There are a number of ways to accrue ACAMS credits. You can even make up ACAMS credits through the CAMS Virtual Classroom or CAMS Live Prep Courses. Check the CAMS Candidate Handbook for more details, or contact us to talk through your specific circumstances.
Do I earn any credits for being an ACAMS member?
We certify the achievements of our members. So, being a member is a requirement for CAMS certification but doesn’t count towards your 40 ACAMS credit eligibility total.
Does the higher education degree need to be financial crime related in order to be eligible for CAMS credits?
Not at all. As long as your degree is issued by an accredited college or university it can be in any field of study.
Is internship experience eligible for the professional credit towards the 40 ACAMS credit requirement?
Yes – if your internship is in the field of AML.
QUESTION 1
A bank account is established for a new business customer. The business was established five years ago with
an address in another state. The business website contains few details other than stating it is a real estate business.
One principal has an international telephone number and appears to be living in another country.
The other principal works out of a recreational vehicle.
What warrants enhanced due diligence in this scenario?
A. Shell company
B. Human trafficker
C. Politically exposed person
D. Money laundering through real estate
Correct Answer: A
QUESTION 2
A branch manager for a small community bank has a new customer who deposits four EUR 50,000 checks
into one account. Shortly thereafter, the customer goes to another branch and asks to transfer all but EUR
1,500 to three accounts in different foreign jurisdictions.
Which suspicious activity should be the focus of the suspicious transaction report?
A. The customer opened the account with four large checks
B. The customer goes to a different branch to make this transaction
C. The customer transfers almost all of the funds out of the account
D. The customer asks to transfer funds to accounts in three different foreign jurisdictions
Correct Answer: B
QUESTION 3
A government has instituted new anti-money laundering laws which require all financial institutions to obtain certain information from its customers.
Which step should an institution located in this jurisdiction take to ensure compliance?
A. Change procedures to require that the necessary information is obtained
B. Change procedures and systems as necessary and provide employee training
C. Send a notice to customers asking them to provide the necessary information
D. Change systems to ensure the required information is automatically obtained from all customers
Correct Answer: C
QUESTION 4
An anti-money laundering audit identifies a significant weakness in how transaction monitoring alerts are
cleared. Audit sampling identified potentially suspicious activity that was cleared as not suspicious.
Management accepts the audit finding and develops a remediation plan.
What is the role of the auditor during the correction phase?
A. Directing the remediation of the deficiency in a timely manner
B. Developing procedures to provide sufficient risk-based documentation for clearing alerts
C. Providing training to the alert clearing department on the importance of effective alert clearing
D. Validating the successful remediation of the issue once management indicates the issue is resolved
Correct Answer: B
QUESTION 5
Which method to launder money through deposit-taking institutions is closely associated with international trade?
A. Forming a shell company
B. Using Black Market Peso Exchange
C. Structuring cash deposits/withdrawals
D. Investing in legitimate businesses with illicit funds
Correct Answer: B
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