Introduction

The Certified Anti-Money Laundering Specialist (CAMS) certification is the global standard for professionals in anti-money laundering (AML) and financial crime prevention. This training course provides a comprehensive review of AML principles and practices, preparing participants for the CAMS exam. It equips professionals with the knowledge and skills needed to detect, prevent, and combat money laundering and financial crimes in an increasingly complex regulatory environment.

Course Objectives

By the end of this course, participants will be able to:

1. Understand the principles and frameworks of anti-money laundering (AML) and financial crime prevention.
2. Identify and assess money laundering risks and typologies.
3. Develop and implement effective AML compliance programs.
4. Gain expertise in conducting investigations and preparing for audits.
5. Navigate global AML regulations, including FATF, FinCEN, and regional directives.
6. Prepare thoroughly for the CAMS certification exam and enhance career prospects in AML.

Who Should Attend?

This course is ideal for:

• Compliance officers and AML professionals preparing for the CAMS exam.
• Financial crime investigators and analysts.
• Risk management and compliance consultants.
• Banking and financial professionals involved in AML and KYC processes.
• Government and law enforcement officers focused on financial crimes.
• Business leaders and executives overseeing AML compliance programs.

5-Day Training Outline

Day 1: Introduction to AML and Financial Crime Prevention

• Overview of the CAMS Certification: Structure, Benefits, and Requirements
• The Role of AML in Combating Financial Crime
• Money Laundering Stages: Placement, Layering, and Integration
• Key Global AML Standards and Frameworks: FATF Recommendations, Basel Principles
• Case Study: Real-World Money Laundering Schemes and Detection

Day 2: Risk Assessment and Customer Due Diligence (CDD)

• Identifying and Assessing Money Laundering Risks
• Customer Identification Programs (CIP) and Know Your Customer (KYC) Procedures
• Enhanced Due Diligence (EDD) for High-Risk Customers
• Managing Third-Party Risks in Financial Transactions
• Practical Exercise: Conducting Risk Assessments and CDD Reviews

Day 3: Developing and Managing AML Compliance Programs

• Designing Effective AML Policies and Procedures
• Building AML Monitoring and Reporting Systems
• Training and Awareness Programs for AML Compliance
• Responding to Suspicious Activity Reports (SARs) and Regulatory Inquiries
• Workshop: Developing an AML Compliance Framework for a Financial Institution

Day 4: Investigation, Enforcement, and Audits

• Conducting AML Investigations and Identifying Red Flags
• Preparing for AML Audits and Regulatory Reviews
• Collaboration with Law Enforcement Agencies
• Understanding Sanctions, Terrorist Financing, and Proliferation Financing
• Group Exercise: Investigating a Simulated Money Laundering Case

Day 5: Exam Preparation and Emerging Trends

• Comprehensive Review of High-Yield CAMS Exam Topics
• Test-Taking Strategies for the CAMS Exam:
  • Managing Time and Tackling Complex Scenarios
• Full-Length Mock Exam: Simulating the CAMS Certification Environment
• Emerging Trends in AML:
  • AI and Blockchain in AML Programs
  • Virtual Assets and Cryptocurrency Risks
• Capstone Activity: Designing a Future-Ready AML Program for a Case Study

Course Outcome

Participants will leave this course fully prepared to take the CAMS certification exam, with a deep understanding of AML principles, practices, and global standards. Beyond certification, they will gain practical tools and insights to design, implement, and manage effective AML programs, making them indispensable assets in combating financial crime and ensuring regulatory compliance.