Certified AML CFT Specialist

Anti-Money Laundering/Counter-Financing of Terrorism is a program for professionals in Banking or Non-Banking sector. This program gives in dept understanding on Money Laundering as a global problem and parallel economy. This program helps professionals understand the various regulators, Money Laundering as a risk, Key actors, instruments that are vulnerable to Money Laundering and various controls.

The Certified Anti-Money Laundering Specialist (CAMS) exam preparatory programme will increase the participant’s professional value through better understanding of money laundering detection and prevention techniques.


  • Compliance, AML and Financial Crime Officers
  • Money Laundering Reporting Officers
  • Money Laundering Prevention Officers
  • Managers with responsibility for Internal Compliance Controls
  • Internal and External Audit Staff
  • Accountants
  • Company Secretaries
  • Legal Practitioners and Support Staff

  • Exam Duration : 60 minutes
  • Exam Format : Multiple Choice
  • Exam Pass Mark : 65%
  • Number of Questions : 40
  • Electronic Devices Permitted : No
  • Open Book : No

Module - 1

  • Introduction
  • Financial Action Task Force (FATF) Demography
  • FATF Evolution

Module - 2 

  • Introduction
  • FATF Recommendations
  • Overview and deliberation on F ATF 40 Recommendations

Module - 3

  • Introduction
  • Definitions and Laws/Regulations
  • Concepts of Money Laundering
  • Three stages of Money Laundering
  • Case Studies
  • Money Laundering as an Economy and its relative impact on world economy
  • Member countries
  • Regulators & Laws: US, Canada, UAE, Europe, India, Australia

Module - 4 

  • Introduction
  • Various known Instruments vulnerable to Money Laundering

Module - 5 

  • Introduction
  • Non-Bank Financial Institutions
  • Credit Card Companies, Insurance Companies
  • Money Service Business, Security Market
  • Casinos
  • Case Studies
  • Real Estates
  • Trade Based Money Laundering
  • Black Market Peso Exchange

Module - 6 

  • Introduction
  • Payment Product and Services
  • Prepaid Cards, Mobile Wallet and Online transactions
  • Virtual Currency

Module - 7

  • Introduction
  • The Basel Committee
  • European Union Directive
  • FATF Style Regional Bodies
  • Organization of American States
  • Egmont Group of Financial Intelligence Unit
  • The Wolfberg Group
  • The World Bank and IMF

Module - 8

  • Introduction
  • US Regulations and Legislative initiatives
  • US PATRIOT ACT
  • Civil Forfeiture
  • OFAC

Module - 9

  • Introduction
  • Compliance Program
  • Risk Understanding
  • Risk Assessment
  • Dynamic Risk Assessment & Risk Rating modification
  • Risk Identification
  • Know your customer
  • Enhance Due Diligence
  • Economic Sanctions
  • Politically Exposed Sanctions
  • Transaction Monitoring, Reporting And Red Flags

Module - 10

  • Introduction
  • Proactive Investigation
  • SAR/STR
  • Cooperation between countries

Module - 11

  • Case Studies

  • Career growth within the same organization or externally
  • Better earning potential
  • Understand AML as a deterrent to an Economy
  • Helps understand the various instruments that can be exploited for Laundering Money
  • To act and to promote customers / colleagues to act in accordance with national and international norms and standards of anti-money laundering and combating terrorism financing
  • To establish a compliance program focused on anti-money laundering and combating terrorism financing
  • Support an investigation and the reporting of money laundering and terrorism financing
  • Helps stay compliant to the regulatory requirements