CAMS - Certified Anti Money Laundering Specialist
CAMS - Certified Anti Money Laundering Specialist
CAMS - Certified Anti Money Laundering Specialist
The Certified Anti-Money Laundering Specialist (CAMS) certification exam is the gold standard in AML certifications and recognized internationally by financial institutions, governments and regulators as a serious commitment to protecting the financial system against money laundering.
Eligibility requirement for the exam
Candidate who wants to give the CAMS examination must have:
- An active ACAMS membership
- They must have 40 credits in education (10 for Associates, 20 for Bachelors, 30 for Masters, 40 for JD or PhD), work experience (10 credits for each year of experience) and training (1 credit for each hour of financial-crime related training).
Course Structure
The topics covered in this exam include:
- Risks and methods of money laundering and terrorism financing (26%)
- Compliance standards for anti-money laundering and combating the financing of terrorism (25%)
- Anti-money laundering, CFT and sanctions compliance programs (28%)
- Conducting or supporting anti-money laundering investigations (21%)
Exam Format and Information
| Exam Name Certified Anti Money Laundering Specialist | Exam Code CAMS |
| Exam Duration 3.5 hours | Exam Format Multiple Choice and Multi-Response Questions |
| Exam Type 0 | Number of Questions 120 Questions |
| Eligibility/Pre-Requisite 0 | Exam Fee Cost Public Sector USD $1,295 Private Sector USD $1,695.00 |
| Exam Language 0 | Pass Score 75% and above |
CAMS - Certified Anti Money Laundering Specialist FAQs
What is CAMS exam?
The Certified Anti-Money Laundering Specialist (CAMS) certification exam is the gold standard in AML certifications and recognized internationally by financial institutions, governments and regulators as a serious commitment to protecting the financial system against money laundering.
How many questions will be there on CAMS exam?
In this exam there will be 120 multiple choice questions.
What is the eligibility requirement for the Certified Anti Money Laundering Specialist CAMS exam?
Candidate who wants to give the CAMS examination must have:
An active ACAMS membership
They must have 40 credits in education (10 for Associates, 20 for Bachelors, 30 for Masters, 40 for JD or PhD), work experience (10 credits for each year of experience) and training (1 credit for each hour of financial-crime related training).
What is the time duration for the CAMS exam?
You will get maximum 3.5 hours to complete the exam.
What is the cost for the CAMS exam?
The CAMS Examination Package includes the CAMS Study Guide. Your most valuable tool in preparation for the exam:
Public Sector USD $1,295
Private Sector USD $1,695.00
What is the Certified Anti Money Laundering Specialist CAMS exam course outline?
The topics covered in this exam include:
• Risks and methods of money laundering and terrorism financing (26%)
• Compliance standards for anti-money laundering and combating the financing of terrorism (25%)
• Anti-money laundering, CFT and sanctions compliance programs (28%)
• Conducting or supporting anti-money laundering investigations (21%)
What is the passing score for the Certified Anti Money Laundering Specialist certification exams?
To pass the exam you have to score 75%.
In how many languages the CAMS exam is available?
The exam is available in Arabic, Bahasa Indonesia, Chinese – simplified, Chinese – traditional, English, French, German, Japanese, Polish, Portuguese, Russian and Spanish language.
Is it possible to retake the CAMS exam?
To re-take, the candidate must request an invoice through the Contact us page online. Then pay the examination fee for their new authorization to Test. That is US$299 for Private members and US$199 for Public members. Lastly, reschedule their exam through the test delivery website.
What is the exam reschedule/cancellation policy?
You can reschedule or cancel on the exam up to 72 hours before the exam at no charge. You can also reschedule or cancel via the Pearson VUE up to 72 hours before the exam for a fee of US$20. If you cancel or reschedule an exam within 24 to 72 hours of your scheduled time, there will be a fee of US$100 collected by Pearson VUE. There is an additional fee for scheduling an exam by phone rather than by using the online system. If you cancel your exam within 24 hours or do not show up for your scheduled appointment, you will need to contact ACAMS and you will be charged for a new authorization.
How to maintain CAMS certification?
To maintain the integrity of the CAMS credential, graduates must undergo recertification every three years. During that three year period, each candidate must prove a commitment to his/her continued education by earning 60 CAMS credits within that time in the areas of AML/CTF/financial crime prevention.
How many times I can give the exam if I got fail in the CAMS exam?
If you do not pass on first attempt then you can retake it after 30 days. Candidates who do not pass the exam on their second attempt can retake it after 60 days. • Candidates who do not pass the exam on their third or more attempts can retake it after 90 days. A candidate who applies for re-examination after one year following their original application must pay the full examination fee.
What is the recertification Requirements for the CAMS exam?
In order to recertify the CAMS credential, you must meet the following requirements:
Maintain an active ACAMS membership
Meet the Continuing Education credit requirements
Submit an online application with the appropriate renewal fees
Do you offer any discount on the bulk purchase?
Yes we offer nearly 50% discount for the order more than 10 products at a time. You can reach the testprep training Helpdesk for more details. The member of support staff will respond as soon as possible.
Can we try the free test before purchasing the practice exam?
Yes testprep training offers free practice tests for Exam which can be used before the final purchase for complete test.
Do you provide any preparation guidance for this certification exam?
Yes our experts frequently blog about the tips and tricks for exam preparation.
Is there any assistance from Testprep Training in terms of exam preparation?
Yes, Testprep Training offers email support for any certification related query while you are preparing for the exam using our practice exams. Your query will be handled by experts in due course.
For how long is the license valid after purchase?
Once purchased, the practice exams can be access for the lifetime.
Does Testprep Training offer Money Back Guarantee for the Exam Simulator?
Yes, we offer a 100% unconditional money back guarantee. In case you are not able to clear the exam for then you can request for the full refund. Please note that we only refund the cost of product purchased from Testprep Training and not the Exam cost.