Are you interested in building a career as an Anti-Money Laundering expert but are confused about how to accomplish it? Don’t worry, we’ve got you covered. The Certified Anti Money Laundering Specialist is an excellent choice for building your career. Below we discuss in detail how to get CAMS certified, but first, what is CAMS Certification?
What is the CAMS Certification?
The Certified Anti-Money Laundering Specialist is considered the gold standard in Anti Money Laundering Certifications and is issued by the Association of Certified Anti-Money Laundering Specialists. This credential has a comprehensive syllabus and provides a number of benefits that you can take advantage of. Some of these include better job opportunities, higher salaries as well as a better organizational culture of compliance with Anti-Money Laundering regulations. To know more about the benefits of ACAMS qualification and how you can take advantage of them, read our blog on “Is ACAMS Certification worth it? ACAMS Certification Benefits”. If your next question is, how to get the ACAMS certificate? We have answered this below.
How to Become a Certified Anti-Money Laundering Specialist?
The process of becoming an ACAMS Certified Anti-Money Laundering Specialist can be confusing. This is why we have discussed below in a step-by-step format, the path towards achieving the CAMS certification.
The first step towards getting the CAMS qualification is to get membership in ACAMS. You cannot sit for the Certified Anti Money Laundering Specialist exam without gaining membership first. This is a mandatory step. Depending on which sector you work in, Public or Private, the membership costs may vary. To know more about the costs involved in gaining membership in ACAMS, visit our website. However, many benefits also come with this necessary step. Gaining membership means gaining access to a wide network of experts and potential future CAMS professionals. So, you can take this chance to build alliances for future work collaborations or to increase the opportunities available to you.
Meet ACAMS eligibility criteria
The next step after gaining membership is ensuring you meet the ACAMS eligibility criteria. According to ACAMS, candidates need to gain a total of 40 credits in education, work experience, and training programs. While a master’s degree earns 30 points, a bachelor’s degree earns 20 points. Another way of gaining credits is by completing free webinars available on the ACAMS website. Each training course completed earns you 1 credit. To know more about the ACAMS eligibility criteria and alternative methods for meeting the minimum credit threshold, visit our website. Once you have met the eligibility requirements, the next step is to submit your application to ACAMS.
Submit your application
Submitting your application to ACAMS involves getting the relevant documents in place. Candidates must get their transcripts and other proof of education ready. In addition to this, proof of work experience along with a brief description of your job role is also required. Candidates also need to get ready 3 professional references that can testify to their knowledge and experience in Anti-Money Laundering. These references cannot be from family, relatives or your staff at work. Once all these documents are ready, candidates can then create their ID on the ACAMS website and fill up a form with all these details. Once the form has been submitted and the documents verified, you will receive approval from ACAMS. After this, candidates can move on to the next step.
Study and pass the exam
The next step is to book and study for your exam. The CAMS syllabus is comprehensive and covers a variety of topics relevant to preventing money laundering. Some of these topics include AML regulations, methods of money laundering, identifying suspicious activities, etc. Candidates should consider creating a study plan and using other tools such as flashcards to help them study better. Once candidates have studied the syllabus, they can test their knowledge with the help of mock exams and quizzes. One great way to be prepared for the exam day is by enrolling in training courses for the CAMS Certificate. Delphi’s Online CAMS Training is a great way to prepare for test day.
The ACAMS Certified Anti-Money Laundering Specialist (CAMS) Certificate is considered the gold standard among Anti Money Laundering Certifications for a reason. The Certified Anti-Money Laundering Specialist exam is a computer-based 3-hour long exam that consists of both knowledge-based as well as scenario-based questions. This helps candidates not just with learning the relevant knowledge but also with how to apply it in real-world situations.
Why Delphi Star Training Center?
At Delphi, we understand the different challenges faced by students, especially for working professionals. Our learning format has been tried and tested by both full-time working professionals as well as others. Keeping our students’ needs in mind, we have developed flexible study schedules and classes that can be accessed 24×7 with an internet connection. We also provide self-study packages with the highest quality learning materials for those interested in learning at their own pace. In addition to this, we also provide scores of quizzes and mock exams along with a supportive learning environment through our expert trainers who have years of experience in coaching.
So, what are you waiting for? Join us at Delphi Star Training Center and enroll in our CAMS Course to begin your journey toward becoming a Certified Anti-Money Laundering Specialist!