Certified Anti-Money Laundering Specialist (CAMS)
Form of learning:
Target group and prerequisites
Financial Crime has hit the headlines recently, and the spotlight is firmly on compliance – or the lack of it. All business sectors require more profound processes and methods for anti-money laundering and counter-terrorism activities. Fighting money laundering and terrorist financing contributes to sustainable growth, the financial system's integrity, and global security.
As a Certified Anti-Money Laundering Specialist (CAMS), you will have a solid foundation in international anti-money laundering and counter-terrorist financing laws and a wide range of practical tools for developing processes related to anti-money laundering within your organization. In addition, earning CAMS certification demonstrates an organization’s or individual's dedication to following a standardized risk-based approach to protecting institutions against any threat of money laundering and financial crime.
Finva offers a preparation course for CAMS certification in Finland. The preparation course is developed in collaboration with ACAMS, and the Certified Anti-Money Laundering Specialist preparation day prepares you for the CAMS exam. The program includes lectures, group discussions, and experience sharing with an ACAMS qualified instructor and other professionals. You also receive access to a digital learning environment and materials. After the preparation course, you will take the CAMS exam and become a CAMS Certified Graduate.
The preparation session is a full day (8 hours) either at Finva's premises in Helsinki or live online. We go through the main areas of the CAMS Study Guide, including money laundering risks and methods, essential elements of an anti-money laundering (AML) program, and how to conduct and support a money-laundering investigation. In addition, we look into the Basel Committee's Report on Customer Due Diligence, the Financial Action Task Force (FATF) Recommendations, and the Wolfsberg Group Principles. The topics help you acquire your learning before the preparation day and give you tips on continuing your self-paced study in the CAMS learning environment before the exam. The hours needed for self-study will depend on the individual's prior knowledge, but we estimate that 120--240 hours are required to prepare for the exam (2--4 h per day for two months). The exam itself is 3.5 hours long.
CAMS is the most widely recognized anti-money laundering certification worldwide; participants who achieve certification meet the AML training requirements mandated by the EU.
The program will be delivered in a hybrid mode that enables equal participation either on-site at Finva's premises in Helsinki or remotely.