Course Overview

The Certified Anti-Money Laundering Specialist (CAMS) course provides comprehensive training on detecting, preventing, and reporting money laundering activities. It covers regulatory frameworks, risk management, compliance strategies, and practical case studies for effective AML practices.

Duration:

The CAMS certification program typically takes around 6 to 9 months for candidates to complete, depending on the intensity of preparation and learning pace. It is a self-paced program, but many candidates finish the certification within this time frame.

Syllabus (Semester-wise):

The CAMS certification is divided into core topics, which are grouped into a single learning framework rather than semesters. The program covers a variety of subjects, categorized into four key areas that focus on anti-money laundering regulations, investigation methods, and global AML laws.

Part 1: Introduction to Money Laundering

• Definition of Money Laundering

• Stages of Money Laundering (Placement, Layering, Integration)

• Money Laundering Trends and Methods

Part 2: International AML Standards

• Key Global Anti-Money Laundering Standards (FATF, EU, UN)

• Major AML Laws and Regulations (USA PATRIOT Act, Bank Secrecy Act, European Directives)

• Financial Action Task Force (FATF) Recommendations

Part 3: AML Compliance Programs

• Components of AML Compliance Programs

• AML Risk Assessments

• Customer Due Diligence (CDD) and Know Your Customer (KYC)

• Suspicious Activity Reporting (SAR)

Part 4: Conducting and Managing Investigations

• Investigative Techniques in AML

• Case Studies in AML

• Sanctions and Embargo Programs

• FinCEN and OFAC Compliance

Part 5: Emerging Money Laundering Trends

• Virtual Currencies and Emerging Technologies in AML

• Trade-Based Money Laundering

• Financial Crime and Terrorism Financing

Average Fees:

The average cost for CAMS certification in India, including registration fees, training materials, and exams, typically ranges from INR 80,000 to INR 1,50,000. The variation depends on the institution offering the course, membership with ACAMS (Association of Certified Anti-Money Laundering Specialists), and the mode of learning (online/offline).

Exams to Attend:

To become a Certified Anti-Money Laundering Specialist, candidates must pass the CAMS exam, which consists of 120 multiple-choice and multiple selection questions. The duration of the exam is 3.5 hours. The exam is conducted by ACAMS and can be taken at authorized Pearson VUE testing centers in India or online via remote proctoring.

Top 10 Ranking Institutions for CAMS in India:

1. ACAMS (Association of Certified Anti-Money Laundering Specialists) - India Chapter

2. Infosavvy Education

3. KPMG India AML Academy

4. EduPristine

5. Miles Education

6. Simplilearn

7. PwC India AML Training

8. ISFS (Institute of Security and Financial Studies)

9. Finextra Academy

10. Saraf Academy

Top 10 Institutions for CAMS in Kerala:

1. ACAMS - Kerala Chapter

2. Infosavvy Education - Kochi

3. Miles Education - Kochi

4. EduPristine - Thiruvananthapuram

5. TCC Learning Centre - Ernakulam

6. Crown Education Academy - Kochi

7. Insight Academy - Thiruvananthapuram

8. Focus Professional Coaching Centre - Kozhikode

9. Kerala School of Financial Studies

10. Crescent Professional Academy - Thiruvananthapuram