ACAMS Certified Anti-Money Laundering Specialists (CAMS Korean Version) : CAMS Korean

  • Exam Code: CAMS Korean
  • Exam Name: Certified Anti-Money Laundering Specialists (CAMS Korean Version)
  • Q & A: 865 Questions and Answers

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About ACAMS Certified Anti-Money Laundering Specialists (CAMS Korean Version) : CAMS Korean Exam

Who should take the CAMS exam

The CAMS certification is an internationally-recognized credential that identifies persons who earn it as possessing specialized AML knowledge. AML professionals who earn the CAMS designation position themselves to be leaders in the business and to expertise professional growth. If a candidate wants significant improvement in career growth needs enhanced knowledge, skills, and talents. The CAMS certification provides proof of this advanced knowledge and skill. If a person fulfills the following eligibility requirements of the CAMS exam then he should take this exam.

  • Document a minimum of 40 qualifying credits based on education, other professional certification and professional expertise in the field.
  • Submit supporting documents.
  • Provide three professional references.

Free renewal for a year

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Certification Path

The CAMS Certified Anti-Money Laundering Specialist certification path includes only one CAMS certification exam.

Exam Details

The CAMS is a 3.5-hour test consisting of 120 multiple-choice and multiple-select questions. To pass and obtain the CAMS certification, test-takers must achieve a score of 75 or more. ACAMS recommends that candidates arrive/log in 30 minutes before the scheduled time for the official exam as latecomers may not be allowed to take the test and this allows ample time for check-in. Test-takers are also required to bring along with them the two forms of current and valid government-issued identification. Please note that the identification must include a photograph and signature. Also, please ensure that the name used when registering for the real exam is one and the same as it appears on the identification.

For more info visit:

CAMS Exam Reference

Reference: https://www.acams.org/sites/default/files/2024-02/EN-CAMS_011924.pdf

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ACAMS CAMS Korean Exam Syllabus Topics:

SectionWeightObjectives
AML/CFT Compliance Programs28%- Training, audit and independent review
  • 1. Staff training programs
  • 2. Internal and external audit functions
  • 3. Continuous improvement
- Customer due diligence requirements
  • 1. Ongoing monitoring
  • 2. KYC/CDD and enhanced due diligence
  • 3. Beneficial ownership identification
- Core elements of compliance programs
  • 1. Risk assessment and management
  • 2. Policies, procedures and controls
  • 3. Governance and oversight
- Reporting and record-keeping
  • 1. Record retention requirements
  • 2. Suspicious activity reporting (SAR/STR)
Compliance Standards for AML/CFT25%- International organizations and bodies
  • 1. Standard-setting bodies
  • 2. Egmont Group of Financial Intelligence Units
  • 3. Financial Action Task Force
- Global regulatory frameworks
  • 1. Basel Committee guidelines
  • 2. FATF 40 Recommendations
  • 3. Wolfsberg Principles
  • 4. USA PATRIOT Act and national regulations
  • 5. EU AML Directives
- Risk-based approach fundamentals
  • 1. Application across jurisdictions
  • 2. Principles of risk assessment
Risks and Methods of Money Laundering and Terrorist Financing26%- Money laundering stages and mechanisms
  • 1. Placement, layering, integration
  • 2. Terrorist financing methods
  • 3. Trade-based money laundering
- Sector-specific vulnerabilities
  • 1. Money services businesses
  • 2. Banking and deposit-taking institutions
  • 3. Gaming and casinos
  • 4. Insurance sector
  • 5. Precious metals and high-value goods
  • 6. Legal and professional service providers
  • 7. Securities and capital markets
  • 8. Real estate
- Sanctions and related risks
  • 1. Consequences of non-compliance
  • 2. UN, EU, OFAC and other sanctions regimes
Conducting and Responding to Investigations21%- Detection and red flags
  • 1. Identifying suspicious activities and transactions
  • 2. Industry-specific red flags
- Investigation process and case management
  • 1. Evidence gathering and analysis
  • 2. Case documentation and reporting
- Information sharing and cooperation
  • 1. Domestic and international cooperation
  • 2. Working with FIUs and law enforcement
- Disciplinary and remedial actions
  • 1. Corrective measures and sanctions
  • 2. Preventing recurrence

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