Why CAMS in Dubai?
The way the world economy works right now is very much complex as compared to previous eras and it works through an intertwined network of business and technology. At the same time, financial crimes are on the rise in this new era of digital transactions. hence the relevance of CAMS is more than ever. Especially the opportunity and necessity of professionals who are CAMS certified in Dubai is high, as Dubai is a global investment hub.
What is CAMS?
A certified Anti-Money Laundering Specialist is a professional who is equipped to understand the source of fraudulent money and can detect financial crimes. Money laundering is an illegal activity that alters the money or profit from criminal or unlawful activities to clean money. The CAMS certification is given to applicants who register and pass the test conducted by the ACAMS (Association of Certified Anti-Money Laundering Specialists).
Fields of Opportunities for CAMS Professionals
There are lots of opportunities and chances for CAMS-certified professionals in Dubai. To list few
- Anti-Money Laundering Officers
- Investment Advisors
- Law Enforcement/Intelligence Agents
- Compliance Officers
- Government Regulators
- Internal & External Auditors
- Risk Management Specialists
- Attorneys and Certified Public Accountants
- Intelligence Officers
- Real Estate Compliance Specialists
- Consultants
CAMS Exam Pattern
The CAMS exam has 120 Multiple Choice Questions Each question carries 1 mark and there is no negative mark and to pass the exam a candidate should score 75%. The exam lasts 3.5 hours and there is no negative mark. To pass the exam the candidate should score 75/120. On completion of 3.5 hours, the exam gets automatically submitted. The exam will be conducted online at Pearson Vue Center globally. If you are an employed person and it is recommended to get professional assistance for your CAMS Course.
Eligibility for CAMS Certification
An applicant must have 40 eligibility credits for applying for CAMS certification, which can be obtained by considering higher education, training programs, or professional experience. For educational qualifications, you need to submit a copy of your diploma or degree from an accredited college or university.Application for CAMS can be done online and enrolling for the certification is a simple process that can be done by following simple online steps. For that first and foremost have to get an ACAMS account.
CAMS Course Structure and Content
The main study resource for the test is the CAMS Study Guide. It contains a lot of ideas that will be helpful for planning. The guide begins by outlining the dangers and strategies of money laundering, including how it supports terrorism. Following this are compliance requirements for countering money laundering and terrorism financing. Programs for compliance are also revealed.
CAMS Exam Preparation
To crack the exam on the first try, make a clear plan for the exam, and also familiarize yourself with the study material. Try to completely understand the concept of the exam and apply a study technique that can help to approach the exam with a high chance of success. Revise and take mock tests before appearing for the exam. This can improve the chances of clearing the exam on the first try itself.
Yourown offers an intensive training program for CAMS certification In Dubai those who want to appear for the examination. To clear an exam, the most important quality one must possess is dedication and determination. At YourOwn the team is dedicated to supporting you with the help of experts who are dedicated to extending their support for your success, they will introduce the subject in a convenient way and can make you confident to face the exam.
