{"id":9736,"date":"2020-09-21T23:00:00","date_gmt":"2020-09-21T17:30:00","guid":{"rendered":"https:\/\/www.testpreptraining.com\/blog\/?p=9736"},"modified":"2021-04-07T14:36:06","modified_gmt":"2021-04-07T09:06:06","slug":"how-to-pass-the-certified-anti-money-laundering-specialist-cams-exam","status":"publish","type":"post","link":"https:\/\/www.testpreptraining.ai\/blog\/how-to-pass-the-certified-anti-money-laundering-specialist-cams-exam\/","title":{"rendered":"How to pass the Certified Anti-Money Laundering Specialist (CAMS) Exam?"},"content":{"rendered":"\n

Qualifying an exam and attaining certifications, requires great determination and constant hard work. Certifications not only validate your expertise in a particular field but also increase your demand in the industry. Similar is the case with the Certified Anti-Money Laundering Specialist (CAMS)<\/a> certification. However, attaining certifications is not as easy, especially when you are a young professional. And if you are one of these professionals who are looking for the preparation resources to pass the exam and become a Certified Anti-Money Laundering Specialist, then you are in the right place. Below, we have assembled a detailed roadmap, to help you prepare well for this certification exam. <\/p>\n\n\n\n

What is CAMS Certification Exam?<\/strong><\/h3>\n\n\n\n

The Certified Anti-Money Laundering Specialist CAMs certification exam is for validating your skills in becoming a professional in Anti-Money Laundering and Combating Terrorism Financing Sector. This certification is offered by the ACAMS. They are the largest international membership organization dedicated to enhancing the knowledge and expertise of financial crime detection.\u00a0They also have expertise in prevention professionals, from a wide range of industries, in both the public and private sectors.<\/p>\n\n\n\n

The CAMS credential is the gold standard in AML certifications<\/strong>. It is recognized internationally by financial institutions, regulators, and governments. Also, it is known for its serious commitment to protecting the financial system against money laundering.<\/p>\n\n\n\n

Who is a Certified Anti-Money Laundering Specialist?<\/strong><\/h3>\n\n\n\n

CAMS is a lucrative and respectable Anti-Money Laundering Professional. They prove to have expert accreditation. The candidates with 75% of the score in the Certification exam become CAMS. Besides, they investigate potential money laundering risks in banks and financial institutions. It’s their job to ensure the efficient identification, monitoring, and documentation of suspicious transactions.<\/p>\n\n\n\n

The CAMS credential is the one-of-a-kind stipulation for financial auditors to fight money laundering. The CAMs certification salary can range between \u20b98-10 lakh on average.\u00a0 Altogether, their designation denotes a superior level of knowledge and understanding of AML\/CFT principles.<\/p>\n\n\n\n

Exam Overview<\/strong><\/h3>\n\n\n\n

Let us now have a close look at the basic exam details of the Certified Anti Money Laundering Specialist CAMS certification exam.<\/p>\n\n\n\n

Exam Name<\/strong> Certified Anti Money Laundering Specialist<\/td>Code<\/strong> CAMS<\/td><\/tr>
Exam Duration<\/strong> 3.5 hours<\/td>Format<\/strong> Multiple Choice and Multi-Response Questions<\/td><\/tr>
Exam Fee<\/strong> Cost Public Sector USD $1,295
Private Sector <\/strong>USD $1,695.00<\/td>		Number of Questions<\/strong> 120 Questions<\/td><\/tr>
Pass Score <\/strong>75% and above<\/td><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Course Outline<\/strong> <\/h3>\n\n\n\n

Let us now have a look at the more technical section of the exam preparation, ie., the course outline. The topics covered in the Certified Anti-Money Laundering Specialist CAMS<\/a>\u00a0exam are:\u00a0<\/p>\n\n\n\n