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Exam Details

The CAMS is a 3.5-hour test consisting of 120 multiple-choice and multiple-select questions. To pass and obtain the CAMS certification, test-takers must achieve a score of 75 or more. ACAMS recommends that candidates arrive/log in 30 minutes before the scheduled time for the official exam as latecomers may not be allowed to take the test and this allows ample time for check-in. Test-takers are also required to bring along with them the two forms of current and valid government-issued identification. Please note that the identification must include a photograph and signature. Also, please ensure that the name used when registering for the real exam is one and the same as it appears on the identification.

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About CAMS Designation

The CAMS certification is well-known around the globe for being the gold standard among Anti-Money Laundering validations which outlines the main aspects of money laundering and its prevention. What is more, such a certificate helps in encouraging a culture of compliance in organizations and demonstrating one's dedication to a structured risk-based approach. It also helps in meeting accepter anti-money laundering training requirements while rewarding and retaining top performers. Finally, the certification also aids in successfully safeguarding against financial damage.

Reference: https://www.acams.org/sites/default/files/2024-02/EN-CAMS_011924.pdf

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ACAMS CAMS Korean Exam Syllabus Topics:

SectionWeightObjectives
AML/CFT Compliance Programs28%- Reporting and record-keeping
  • 1. Suspicious activity reporting (SAR/STR)
  • 2. Record retention requirements
- Training, audit and independent review
  • 1. Staff training programs
  • 2. Continuous improvement
  • 3. Internal and external audit functions
- Core elements of compliance programs
  • 1. Risk assessment and management
  • 2. Governance and oversight
  • 3. Policies, procedures and controls
- Customer due diligence requirements
  • 1. KYC/CDD and enhanced due diligence
  • 2. Ongoing monitoring
  • 3. Beneficial ownership identification
Compliance Standards for AML/CFT25%- Global regulatory frameworks
  • 1. Wolfsberg Principles
  • 2. Basel Committee guidelines
  • 3. EU AML Directives
  • 4. USA PATRIOT Act and national regulations
  • 5. FATF 40 Recommendations
- International organizations and bodies
  • 1. Financial Action Task Force
  • 2. Standard-setting bodies
  • 3. Egmont Group of Financial Intelligence Units
- Risk-based approach fundamentals
  • 1. Principles of risk assessment
  • 2. Application across jurisdictions
Conducting and Responding to Investigations21%- Disciplinary and remedial actions
  • 1. Preventing recurrence
  • 2. Corrective measures and sanctions
- Investigation process and case management
  • 1. Evidence gathering and analysis
  • 2. Case documentation and reporting
- Information sharing and cooperation
  • 1. Working with FIUs and law enforcement
  • 2. Domestic and international cooperation
- Detection and red flags
  • 1. Identifying suspicious activities and transactions
  • 2. Industry-specific red flags
Risks and Methods of Money Laundering and Terrorist Financing26%- Sanctions and related risks
  • 1. UN, EU, OFAC and other sanctions regimes
  • 2. Consequences of non-compliance
- Sector-specific vulnerabilities
  • 1. Securities and capital markets
  • 2. Precious metals and high-value goods
  • 3. Banking and deposit-taking institutions
  • 4. Money services businesses
  • 5. Insurance sector
  • 6. Real estate
  • 7. Gaming and casinos
  • 8. Legal and professional service providers
- Money laundering stages and mechanisms
  • 1. Placement, layering, integration
  • 2. Terrorist financing methods
  • 3. Trade-based money laundering

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