Certified Anti-Money Laundering Specialist (the 6th edition)
Last Update November 22, 2024
Total Questions : 645
Our AML Certification CAMS exam questions and answers cover all the topics of the latest Certified Anti-Money Laundering Specialist (the 6th edition) exam, See the topics listed below. We also provide ACAMS CAMS exam dumps with accurate exam content to help you prepare for the exam quickly and easily. Additionally, we offer a range of ACAMS CAMS resources to help you understand the topics covered in the exam, such as AML Certification video tutorials, CAMS study guides, and CAMS practice exams. With these resources, you can develop a better understanding of the topics covered in the exam and be better prepared for success.
| Exam Name | Certified Anti-Money Laundering Specialist (the 6th edition) |
| Exam Code | CAMS |
| Actual Exam Duration | The duration of the ACAMS CAMS Exam is 3.5 hours. |
| What exam is all about | The ACAMS CAMS (Certified Anti-Money Laundering Specialist) exam is a certification exam for professionals working in the anti-money laundering (AML) field. The exam tests the knowledge and skills of individuals in identifying and preventing money laundering activities, terrorist financing, and other financial crimes. The exam covers topics such as AML regulations, risk assessment, customer due diligence, transaction monitoring, and sanctions screening. Passing the CAMS exam is a requirement for obtaining the CAMS certification, which is recognized globally as a standard for AML professionals. |
| Passing Score required | The passing score required in the ACAMS CAMS exam is 75%. This means that candidates must correctly answer at least 75 out of 100 questions in order to pass the exam and earn the CAMS certification. The exam is designed to test the candidate's knowledge and understanding of anti-money laundering (AML) regulations, compliance practices, and risk management strategies. Candidates who pass the exam demonstrate their expertise in AML and are recognized as professionals in the field. |
| Competency Level required | The ACAMS CAMS (Certified Anti-Money Laundering Specialist) Exam is a globally recognized certification exam for professionals working in the anti-money laundering (AML) field. The exam tests the knowledge and skills required to identify and prevent money laundering and terrorist financing activities. To pass the CAMS exam, candidates must demonstrate a high level of competency in the following areas:
Candidates must also have a strong understanding of the financial services industry and the various products and services offered by financial institutions. Overall, the CAMS exam requires a high level of competency and knowledge in the AML field. Candidates must be able to apply their knowledge to real-world scenarios and demonstrate their ability to identify and prevent money laundering and terrorist financing activities. |
| Questions Format | The ACAMS CAMS exam consists of multiple-choice questions. The exam has 120 questions, and candidates have four hours to complete it. The questions are designed to test the candidate's knowledge of anti-money laundering (AML) regulations, compliance procedures, and best practices. The questions are divided into six sections, each covering a different topic related to AML. The sections are: 1. Money Laundering and Terrorist Financing Methods 2. International AML Standards and Regulatory Frameworks 3. AML Compliance Programs 4. Conducting or Supporting AML Investigations 5. Managing AML Risks 6. Emerging Trends and Technologies in AML The questions are designed to be challenging, and candidates are expected to have a thorough understanding of AML regulations and best practices. The exam is computer-based, and candidates receive their results immediately after completing the exam. |
| Delivery of Exam | According to the ACAMS website, the CAMS exam is available in both computer-based and paper-based formats. The computer-based exam is administered at Prometric testing centers worldwide, while the paper-based exam is offered in select locations. It is recommended to check the ACAMS website for the most up-to-date information on exam delivery methods. |
| Language offered | The ACAMS CAMS exam is offered in English language. |
| Cost of exam | You can visit the official website of ACAMS (Association of Certified Anti-Money Laundering Specialists) to get the latest pricing information for the CAMS (Certified Anti-Money Laundering Specialist) exam. The pricing may vary depending on your location and membership status. |
| Target Audience | The target audience for the ACAMS CAMS certification includes professionals working in the anti-money laundering (AML) and financial crime prevention fields. This includes: 1. AML Compliance Officers 2. AML Analysts 3. AML Investigators 4. Risk Management Professionals 5. Financial Crime Investigators 6. Fraud Investigators 7. Law Enforcement Officials 8. Regulators 9. Auditors 10. Consultants The certification is designed for individuals who are responsible for ensuring compliance with AML laws and regulations, detecting and preventing financial crimes, and mitigating risks associated with money laundering and terrorist financing. |
| Average Salary in Market | The ACAMS website, the average salary for a CAMS-certified professional is around $85,000 per year. However, this can vary depending on factors such as location, industry, and experience. |
| Testing Provider | You can visit the official ACAMS website to register for the exam and find authorized training providers who can help you prepare for the exam. |
| Recommended Experience | I can provide you with the recommended experience for the ACAMS CAMS exam. The recommended experience for the ACAMS CAMS exam includes a minimum of two years of experience in the anti-money laundering (AML) field. This experience can be gained through working in a financial institution, regulatory agency, law enforcement, or a related field. Additionally, candidates should have a strong understanding of AML laws and regulations, including the Bank Secrecy Act (BSA) and the USA PATRIOT Act. It is also recommended that candidates have experience in conducting AML investigations, risk assessments, and compliance audits. |
| Prerequisite | I can provide you the answer to your question. The prerequisites for the ACAMS CAMS exam are: 1. A minimum of 40 qualifying credits from ACAMS-approved sources or a CAMS Prep Course. 2. A minimum of 40 qualifying credits from ACAMS-approved sources or a CAMS Prep Course. 3. A minimum of 40 qualifying credits from ACAMS-approved sources or a CAMS Prep Course. 4. A minimum of 40 qualifying credits from ACAMS-approved sources or a CAMS Prep Course. 5. A minimum of 40 qualifying credits from ACAMS-approved sources or a CAMS Prep Course. 6. A minimum of 40 qualifying credits from ACAMS-approved sources or a CAMS Prep Course. 7. A minimum of 40 qualifying credits from ACAMS-approved sources or a CAMS Prep Course. 8. A minimum of 40 qualifying credits from ACAMS-approved sources or a CAMS Prep Course. 9. A minimum of 40 qualifying credits from ACAMS-approved sources or a CAMS Prep Course. 10. A minimum of 40 qualifying credits from ACAMS-approved sources or a CAMS Prep Course. |
| Retirement (If Applicable) | You can visit the official website of ACAMS or contact their customer support for more information. |
| Certification Track (RoadMap): | I can provide you with information. The certification track or roadmap for the ACAMS CAMS exam is a series of steps that individuals can take to become certified in anti-money laundering (AML) and financial crime prevention. The CAMS (Certified Anti-Money Laundering Specialist) certification is a globally recognized credential that demonstrates expertise in AML compliance and risk management. The certification track typically involves the following steps: 1. Meet eligibility requirements: Candidates must have a minimum of 40 qualifying credits of AML training or experience to be eligible to take the CAMS exam. 2. Study for the exam: Candidates can prepare for the CAMS exam by studying the ACAMS CAMS Examination Preparation Guide and other study materials. 3. Take the exam: The CAMS exam is a computer-based test that consists of 120 multiple-choice questions. Candidates have four hours to complete the exam. 4. Pass the exam: Candidates must achieve a passing score of 75% or higher to earn the CAMS certification. 5. Maintain certification: CAMS certification is valid for three years. To maintain certification, individuals must earn 60 continuing education credits and pay a renewal fee. Overall, the certification track for the ACAMS CAMS exam is designed to help individuals develop the knowledge and skills needed to prevent financial crime and comply with AML regulations. |
| See Expected Questions | ACAMS CAMS Expected Questions in Actual Exam |
| Take Self-Assessment | Use ACAMS CAMS Practice Test to Assess your preparation - Save Time and Reduce Chances of Failure |
TESTED 22 Nov 2024
