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CAMS (Certified Anti-Money Laundering Specialist) PREPATORY TRAINING COURSE

CAMS (Certified Anti-Money Laundering Specialist) Exam Preparation 

What is CAMS? 

CAMS is recognized as the gold standard in AML certifications by institutions, governments and regulators worldwide.  CAMS is an established global qualification that outlines the key principles of money laundering, and how to prevent it. In as little as three months, individuals and teams can be certified as Anti-Money Laundering Specialists.

Who should enroll? 

CAMS course is best suitable for all professionals working in sectors like Banks, Money Exchanges, Credit Unions, International Regulatory Bodies, Law Enforcement Agencies, Securities Firms, Money Services Businesses, Insurance Companies, Consulting Groups, Audit Firms, Accounting and Law Firms, Gaming Organizations, Credit, Debit & Prepaid Card Companies, Real Estate Agencies, Jewellery and Precious Metals Dealer etc. 

Course Outcome or Course Benefit 

After the successful completion of the course one can work as below designations.

  • Anti-Money Laundering Officers,
  • Compliance Officers
  • Government Regulators
  • Law Enforcement/Intelligence Agents
  • Internal & External Auditors
  • Intelligence Officers
  • Risk Management Specialists
  • Attorneys and Certified Public Accountants
  •  Investment Advisors
  • Real Estate Compliance Specialists
  • Consultants

 

Course Structure 

This course is an exam preparatory training to pass CAMS exam and a complete coverage of the CAMS guide will be covered with a practical approach.

ANTI-MONEY LAUNDERING

AML/CFT and KYC Fundamentals, obligations (Regulatory requirementsGlobal, National and Regional).

International Frameworks, best practices by FATF, BASEL, EGMONT EU Directives, etc.

RISK-BASED APPROACH

Risk Indicators, Internal Controls

CUSTOMER DUE DILIGENCE

SDD, EDD, Ongoing Monitoring

BENEFICIAL OWNERS, PEPs

Identify, Verify, SoW-SoF & Monitor

SANCTIONS, SCREENING

Red Flags, OFAC, UNSC, EU-UKHM Black List/Watch List, False Positives

SUSPICIOUS TRANSACTION REPORTS (STR, SAR, CTR)

Filing, Reviewing, Data Mining

RECORD KEEPING PROCEDURES

Regular, Ad-hoc reporting

TRAINING

Awareness, refresher, updates

Also covers the following topics:

  • Three Stages in the Money Laundering Cycle.
  • The Economic and Social Consequences of Money Laundering.
  • AML/CFT Compliance Programs and Individual Accountability.
  • Credit Unions and Building Societies.
  • Non-Bank Financial Institutions
  • Non-Financial Businesses and Professions.
  • Risk Associated with New Payment Products and Services.
  • Corporate Vehicles Used to Facilitate Illicit Finance.
  • Terrorist Financing
  • Use of Hawala and Other Informal Value Transfer Systems.
  • Emerging Risks for Terrorist Financing