ACAMS CAMS-KR Questions & Answers - in .pdf
- Vendor: ACAMS
- Exam Code: CAMS-KR
- Exam Name: Certified Anti-Money Laundering Specialists (CAMS Korean Version)
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- Exam Code: CAMS-KR
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How to book the CAMS Exam
These are following steps for registering the CAMS exam.
Step 1: Fill your contact and membership information form Step 2: Select your CAMS exam package and certification language Step 3: Select any payment method and write the certification name Step 4: Mail or Fax exam application with attached necessary documents (diploma, copies etc) that fulfill the 40 credit prerequisite to this address:
ACAMS Attn. Certification Department Brickell City Tower 80 Southwest 8th Street, Suite 2350 Fax: +1.305.373.7788 or +1.305.373.5229
Reference: https://www.acams.org/sites/default/files/2024-02/EN-CAMS_011924.pdf
Career Path
After obtaining this specialist-level CAMS certification, individuals may go on to get more advanced CAMS designations by ACAMS, which are offered in three fields. Thus, they are the Advanced CAMS - Audit, Advanced CAMS - Financial Crimes Investigations, and Advanced CAMS - Risk Management.
ACAMS CAMS Korean Exam Overview:
| Certification Vendor: | ACAMS (Association of Certified Anti-Money Laundering Specialists) |
| Exam Name: | Certified Anti-Money Laundering Specialists (the 6th Edition) |
| Exam Number: | CAMS |
| Exam Price: | $1,695 |
| Real Exam Qty: | 120 |
| Available Languages: | English, Spanish, Portuguese, French, German, Japanese, Chinese |
| Related Certifications: | Certified Anti-Money Laundering Specialist (CAMS) |
| Exam Format: | Multiple-choice |
| Exam Duration: | 210 minutes |
| Passing Score: | 75% |
| Certificate Validity Period: | 3 years (recertification required) |
| Sample Questions: | ACAMS CAMS Korean Sample Questions |
| Exam Way: | Online (Proctored) or at Pearson VUE Test Centers |
| Pre Condition: | Candidates must have a minimum of 40 qualifying credits based on education and professional experience in the AML/financial crime prevention field. |
| Official Syllabus URL: | https://www.acams.org/en/cams-certification |
Topics Covered
All in all, the CAMS exam is based on four domains. The first of which is Risks and Methods of Money Laundering & Terrorism Financing. This topic accounts for 26% of the exam items and consists of several subdomains. Thus, the following is a brief portion of the list of those subdomains: recognize ways of money laundering used by banks and similar institutions, by insurance companies, by broker-dealers, capital markets, or investment advisors. What's more, you need to also be aware of recognizing methods of money laundering utilized by organizations such as casinos or other game-related industries, by companies dealing with precious metals or other high-value goods, real estate, etc. In addition, here, you need to know more about the red flags, commercial transactions, human trafficking, and the like.
The second objective is Compliance Standards for Anti-money Laundering (AML) and Combating the Financing of Terrorism (CFT) which stands for 25% of all test content. In particular, this domain consists of 11 areas. So, to master this topic in full, you need to learn to recognize the main aspects of the EU Directives on money laundering, the USA PATRIOT Act, and the OFAC sanctions. On top of that, you need to touch on how to identify the FATF 40 Recommendations and how to deal with the aspects of the BASEL Committee Customer Due Diligence Principles including the coverage of Egmont Group objectives.
The third section the real exam tests individuals on are AML, CFT, and Sanctions Compliance Programs that covers 28% of the exam and consists of 31 subdomains. In all, under this category, you have to recognize the main items of an anti-money laundering training program and the part that senior management and director boards play in how an organization deals with anti-money laundering oversight. Then, you need to also be proficient in handling AML tools, governance, audits, and situation.
The last part covered is Conducting and Supporting the Investigation Process detailing 21% of the exam questions. All in all, such a portion focuses on recognizing suitable methods of conducting interviews for potential parties involved in an anti-money laundering event, dealing with public source information or other sources of information that may be available for use in an investigation given a specific scenario, accepting ways in which law enforcement organizations may request data from an institution with regards to money laundering, etc.
ACAMS CAMS Korean Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: AML/CFT Investigations and Enforcement | 23% | - Enforcement Actions and Penalties
|
| Topic 2: Compliance Standards for Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) | 25% | - AML/CFT Regulatory Bodies and Guidance
|
| Topic 3: Money Laundering Risks and Methods | 26% | - Nature of Money Laundering, Terrorist Financing, and Threat Finance
|
| Topic 4: AML/CFT Compliance Program | 26% | - Customer Identification Program (CIP) and Customer Due Diligence (CDD)
|
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