CAMS Certification Practice Exam

The CAMS (Certified Anti-Money Laundering Specialist) exam is a globally recognized credential offered by ACAMS (Association of Certified Anti-Money Laundering Specialists). It validates your expertise in anti-money laundering (AML) and combating the financing of terrorism (CFT) regulations and best practices.

Who Should Take This Exam?

This certification is ideal for professionals working in various fields related to AML/CFT, including:

• Financial institutions (banks, investment firms, etc.)
• Law enforcement agencies
• Regulatory bodies
• Compliance professionals
• Risk management specialists
• Financial crime analysts

Prerequisites

To be eligible for the CAMS exam, you must:

• Be an ACAMS member.
• Earn a minimum of 40 ACAMS credits through relevant work experience, certifications, or ACAMS educational offerings.

Roles and Responsibilities 

Earning the CAMS certification demonstrates your ability to:

• Understand the core principles and practices of AML/CFT regulations.
• Identify and assess money laundering and terrorist financing risks.
• Implement effective AML/CFT compliance programs within organizations.
• Develop and maintain AML/CFT controls and procedures.
• Monitor and report suspicious activity.
• Stay updated on evolving AML/CFT regulations and trends.

Exam Details

• Exam Format: Computer-based test with 120 multiple-choice questions (some with multiple correct answers).
• Exam Length: 3.5 hours
• Passing Score: 75%
• Language: English (with other languages potentially available in the future)
• Delivery Provider: Prometric