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Certified Anti-Money Laundering Specialist (CAMS) Examination
600 questions
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About this exam
The Certified Anti-Money Laundering Specialist (CAMS) Examination is an ACAMS certification exam for professionals who work in anti-money laundering, compliance, financial investigations, and related fields. Accountants may pursue CAMS to build knowledge for roles involving financial crime risk, client due diligence, transaction monitoring, or AML controls. The credential assesses applied understanding of money laundering and financial crime, rather than accounting knowledge alone. It is a professional certification, not a government license or a guarantee of employment, and candidates should check ACAMS guidance for current eligibility requirements.
CAMS study areas include the principles of money laundering and financial crime, U.S. Bank Secrecy Act requirements, AML program design and governance, and enterprise-wide AML risk assessment. The exam also calls for understanding how controls and investigations work in practice, including how risk-based approaches apply to different customers and transactions. Accountants can connect these topics to their experience with records, internal controls, and financial activity while also reviewing areas outside their usual role. Use the current ACAMS candidate materials to confirm the exam outline and format for your testing cycle.
How to prepare for the CAMS examination
- Start with the current ACAMS exam outline and candidate handbook. Map each listed subject to the corresponding study material, then prioritize weaker areas such as BSA requirements or enterprise-wide risk assessment.
- Review AML program governance and financial crime scenarios by explaining why a control, escalation, or investigative step is appropriate. For an accountant-focused review, connect concepts to transaction records, internal controls, and risk indicators without assuming that every unusual transaction is suspicious.
- Use timed multiple-choice practice to identify gaps, then review the reasoning behind both correct and incorrect answers. Confirm eligibility, exam delivery details, and any current requirements through official ACAMS sources before scheduling.
FAQ
Who is eligible to take the CAMS exam?
CAMS candidates generally need to meet ACAMS membership and eligibility requirements, which may involve qualifying education, work experience, or training credits. Requirements can change, so check the current ACAMS CAMS candidate handbook before applying.
What is the format of the CAMS exam?
The CAMS exam uses multiple-choice questions and is delivered through an approved testing process. Question count, timing, and delivery details should be confirmed in the current candidate handbook, particularly for a future testing cycle.
What subjects should I study for the CAMS exam?
Review money laundering and financial crime principles, U.S. BSA requirements, AML program design and governance, and enterprise-wide AML risk assessment. Use the current ACAMS exam outline to guide your study and practice applying the concepts to realistic compliance and investigation scenarios.