Certified Anti-Money Laundering Specialist - Definition
Written by Jason Gordon
Updated at December 19th, 2020
- Accounting, Taxation, and Reporting
-
Law, Transactions, & Risk Management
Government, Legal System, Administrative Law, & Constitutional Law Legal Disputes - Civil & Criminal Law Agency Law HR, Employment, Labor, & Discrimination Business Entities, Corporate Governance & Ownership Business Transactions, Antitrust, & Securities Law Real Estate, Personal, & Intellectual Property Commercial Law: Contract, Payments, Security Interests, & Bankruptcy Consumer Protection Insurance & Risk Management Immigration Law Environmental Protection Law Inheritance, Estates, and Trusts
- Marketing, Advertising, Sales & PR
- Business Management & Operations
- Economics, Finance, & Analytics
- Professionalism & Career Development
- Courses
Back to:BANKING, LENDING, & CREDIT INDUSTRY
Certified Anti-Money Laundering Specialist Definition
A Certified Anti-Money Laundering Specialist (CAMS) is an award or professional title globally recognized by governments, reguatoes and all financial institutions around the globe. The Association of Certified Anti-Money Laundering Specialists (ACAMS) award students who have sat and passed their exams and meet other qualifications with a certificate. Individuals who are recipients of the certificates are certified professionals who have gone through the required training and have gained expertise on financial crime detection and other money laundering. CAMS is awarded to individuals who have shown strong commitment in fighting against money laundering in the financial system. Ultimately, recipients of CAMS must have earned 40 credits in terms of educational qualification, work experience and other professional certificates.
A Little More on What is a Certified Anti-Money Laundering Specialists (CAMS)
Professionals who are awarded the title of a Certified Anti-Money Laundering Specialist (CAMS) are those who have undergone a program on money laundering, finnacial crime detcetion, and finnacial terrorism. The study program was established by the Association of Certified Anti-Money Laundering Specialists (ACAMS). This program also takes students through launching of laundering investigations, anti-money laundering compliance programs, curbing money laundering and financial terrotism, among others. Individuals who have earned CAMS can use it when applying for jobs and professional positions with reputable companies. These individuals can work in the bank as Secrecy Act officers, they can work as financial crime investigators and analysts, financial compliance managers, among others. Government agencies and financial institutions all over the world recognize CAMS.
Reference for Certified Anti-Money Laundering Specialist CAMS
- https://www.acams.org/
- https://www.investopedia.com Investing Financial Analysis
- https://www.udemy.com/certified-anti-money-laundering-specialist-cams-exams/
- https://www.udemy.com/cams-anti-money-laundering/
- https://www.topaccountingdegrees.org/.../how-do-you-become-an-anti-money-launde...
- www.businessdictionary.com/.../Certified-Anti-Money-Laundering-Specialist-CAMS.h...