Certified Anti-Money Laundering Specialist (CAMS)®

Course Overview

Compliance Alert presents the Certified Anti- Money Laundering Specialist (CAMS®) accredited by the Association of Certified Anti-Money Laundering Specialists (ACAMS) which is based in the United States of America.

About the Certified Anti- Money Laundering Specialist (CAMS®)
Recognized worldwide by employers in both the private and government sectors and acknowledged by regulators, examiners, and law enforcement, the CAMS credential denotes proven knowledge in the detection and prevention of money laundering and positions certified AML professionals as leaders in the industry. CAMS educates professionals in private and government organizations about the strategies and practices required to meet the international standards of the detection and prevention of money laundering and terrorist financing, qualifying them to work in a wide range of different professional organizations such as banks, government regulators and law enforcement agencies, as well as in financial and non-financial institutions that need the services of well qualified compliance professionals.
Certifying Body
The Association of Certified Anti-Money Laundering Specialists (ACAMS) is based in the United States of America. ACAMS is the premier organization for training and qualifying AML/CTF professionals to obtain the Certified Anti-Money Laundering Specialist (CAMS) credential – the most respected certification in the industry.
CAMS® Course Overview
The Certified Anti- Money Laundering Specialist (CAMS®) is a rigorous program designed primarily for individuals seeking certification as a Certified Anti- Money Laundering Specialist from the Association of Certified Anti-Money Laundering Specialists (ACAMS). This strategic course supports career advancement by building confidence for managing anti-money laundering challenges and practices.

Anti Money Laundering (AML) Compliance has emerged as a specialized field and AML professionals are in good demand in the financial industry. This advanced program will benefit professionals who wish to pursue a career in AML Compliance or are already involved in AML compliance in a junior role. The program covers a detailed view on Money Laundering as a crime, the different regulations, the various aspects of an AML Compliance Program and the procedures to be followed for AML investigations. This program also prepares a candidate for the CAMS certification, which is the most sought after international credential for AML professionals.

Course Objectives

This review course is designed to enable you to:

Understand money laundering and its practices.
Understand how to structure an effective system form combating AML.
Procedures to be taken by financial institutions.
Reporting suspicious activities.
Competent authorizes and its resources

Who Should Attend This Course?

Professional desiring to prepare for the CAMS exam
Professionals working in AML
All employees in banks ad financial institutions
Managers and employees of regulatory compliance

Target Audience

Bank staff in compliance/audit functions
Consultants in ERM practice who intend to specialize in AML area
BPO/KPO employees who perform research, investigations and other core AML processes

Key Benefits

Improved knowledge that can be directly applied on the job
Enhanced workplace performance
Career progression

Course Outline

Compliance Alert delivers the Certified Anti-Money Laundering Specialist (CAMS) review program in the MENA Countries and Asia using a curriculum approved by the Association of Certified Anti-Money Laundering Specialists (ACAMS).

Outline

Definition and Methods of Money Laundering
- Money Laundering Cycle
- Consequences
- Methods of Money Laundering
- Terrorist Financing
Compliance Standards and Regulations covering different legislations
- FATF & Regional Task forces
- Basel Committee
- EU & US
Design and Elements of Anti Money Laundering (AML) Compliance Program
- Risk Assessment
- Key elements of Anti Money Laundering (AML) Compliance program
- Customer Due Diligence
- Suspicious Activity Monitoring
- Case Management
- Compliance Reporting
Combating Money Laundering
- Conducting Investigation
- Red flags
- Electronic AML solutions
- AML cooperation between countries

The CAMS curriculum contains four modules:

Module I – Risk Methods of Money Laundering and Terrorist Financing
Module II – International Compliance Standards for AML/CFT
Module III- Anti- Money Laundering Compliance Program
Module IV- Conducting & Supporting Investigations Processes
Module V- Practice Questions for Certification Examination

Program Delivery

‘Live’ lectures through our online learning platform
High quality course manuals, supporting learning materials
Case studies based to simulate real life experience
Quizzes and question bank to help prepare for certification exams

Course Detail

Test Venue	:	State of Jordan/Kuwait/Lebanon/Qatar
No. of Sessions	:	5 Sessions
Course Dates	:	To be announced
Course Timing	:	5:00 – 9:00 pm
Course Material	:	Arabic/English/French
Course Language	:	Arabic/English/French
Course Venue	:	Fully Equipped Training Facility at a 5 stars hotel, in addition to serving breakfast and lunch during breaks.