Tag: CAMS Training Dubai

The Increasing Relevance of CAMS Course Certification in the Present-Day Financial Industry

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The importance of CAMS-certified professionals is increasing day by day. Consequent to the uncontrolled increase in online fraud, companies are looking for experts with adequate knowledge to protect their financial assets. By using CAMS-certified professionals, entities around the globe have been successful in curbing financial crimes online to a great extent. Boosting the value of CAMS certification. Evidently, the number of candidates opting for CAMS training and certification also increased phenomenally.

What is CAMS?

A Certified Anti Money Laundering Specialist (CAMS) is a trained and qualified professional skilled in monitoring and finding financial frauds. Swindlers use intricate methodologies for laundering money. It would be an uphill task to trace the source of money and unearth the laundering channel. Only a professional with CAMS certification can identify and prevent money laundering and other financial crimes.

A CAMS specialist is an expert in detecting and investigating financial crimes. The CAMS training and certification offered by ACAMS (Association of Certified Anti-money Laundering Specialists), a widely recognized body, enables the professionals for this task. 

What is the Importance of CAMS Certification?

A CAMS certification is the stepping stone to becoming a successful financial analyst. The CAMS training is formulated in such a way as to equip the aspirants with all the skills and knowledge necessary to carry out their duties.

The factors that increase the relevance of CAMS certification are:

  • Learn in-depth about money laundering and related regulations – CAMS training comprises topics elaborating on anti-money laundering acts, methodologies adapted by money launderers, federal acts, trends observed worldwide, and current scenarios. The CAMS certification course will provide in-depth knowledge and experience in the field. A financial analyst, banker, or aspirant can enhance his or her capabilities significantly through CAMS training.
  • Updated info on the fraudulent activities – Swindlers and money launderers are trying new techniques for escaping the eyes of the authority. The classes for CAMS specialization cover the latest trends and techniques. Helping the students to become highly capable in handling the situations quite efficiently. With advanced CAMS coaching, they can be experts with complete control of the financial system.
  • Extensive job opportunities – CAMS training and qualification will offer you extensive job opportunities. Candidates with CAMS certification are preferred by banks and other financial institutions around the globe. That is the reason for more people choosing to undergo CAMS coaching in Dubai and other locations. In turn, Your Own has also been witnessing increasing enrolment for CAMS coaching. 

What are the Career Benefits of CAMS Certification?

The career benefits of CAMS certification include:

  • With a widely recognized certification around the globe, CAMS specialists can find a career anywhere he or she wants. Both public and private sector organizations look for CAMS specialists. Moreover, you can expect phenomenal career growth with this additional qualification.
  • Anti Money Laundering (AML) professionals have a higher professional stature than financial specialists with the subject qualification. Money laundering has become a headache for banks and other firms in the financial sector. Hence, AML specialists have a prominent position.
  • CAMS specialization has become a highly demanded portfolio. The specialists with CAMS certification are preferred over others.
  •  The promotion and growth prospects of CAMS-trained professionals are higher than other financial professionals in an organization.

The Tail End

The future of CAMS specialists is bright with more firms across the world seeking AML professionals. It would be difficult for financial entities to exist without the support of CAMS professionals. With the increase in money laundering and financial crimes at an alarming rate. This has also led to the increasing relevance of CAMS courses and certifications.

You may reach out to us if you are looking for CAMS training in Dubai. 

How to pass the CAMS Exam: 10 Tips for Success

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Congratulations on deciding to advance your career and life. Qualifying in CAMS is the way to join the elite group of AML professionals. As with any competitive exam, exhaustive preparation is the key to passing CAMS. Definitely, joining CAMS training is the first step in gearing up for this. It is best if you can join centers like ours which offer exclusive CAMS training in Dubai.

Our professionals teach tips, tricks, and strategies to crack the exam without any hassles. For those planning to prepare by themselves, without any CAMS training, the tips we discuss here would be helpful.

10 Tips for Passing the CAMS Exam

Academies have been offering proven CAMS training in Dubai and other emirates in the country. Choosing to undergo coaching would have a remarkable effect on the preparation. The customized pedagogical methods and feedback to improve performance would be pivotal in enhancing preparedness.

  • Formulate a schedule of preparation. A timetable is necessary for pursuing a systematic preparation process. Without having a firm and fixed schedule, the CAMS preparation can become haphazardly.
  • Start today, right now if possible. You should not wait for the right time for joining CAMS training or commencing the preparation. It is advisable to be an early bird, rather than waiting until the last moment to start studying.
  • Identify the best learning method for you. The centers providing CAMS training in Dubai might suggest you various methodologies for studying and imbibing the concept. You can read, re-read and memorize. Alternatively, make use of flashcards for the CAMS preparation. 
  • Understand the keywords and make a keyword connection. Explore the techniques available online for keyword connection.
  • Audio recorded sessions are available for those who are busy with jobs or any other activities. It is of immense help to learn the topics without spending time reading. You may read the topics when you get time.
  • Practice question papers for making yourself comfortable with the pattern, understand important topics and improve your speed.
  • Mock tests are essential for enhancing your confidence and identifying your exact preparedness. Corrective measures can be instituted based on the guidance from the professional tutors at CAMS training in Dubai. Going straight for CAMS is not at all advisable. You must attend as many mock tests as possible.
  • Never answer any question without reading it completely. Proper reading and understanding of the question are crucial for preventing mistakes.
  • Generate a positive attitude and confident mindset. Both these traits are essential for cracking competitive exams.

Hope these tips will help you in cracking the CAMS exam. Join us for CAMS training in Dubai. We assure you of the right kind of coaching and guidance.

For any queries and clarifications on our CAMS training, you may contact us now.

How do I prepare for the Certified Anti-Money Laundering Specialist (CAMS) Exam?

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The Certified Anti-Money Laundering Specialist certification, abbreviated as “CAMS,” is the global gold standard in AML certifications.40,000 CAMS graduates worldwide. At present, CAMS is available in 12 languages, including Spanish. CAMS is considered the gold standard in anti-money laundering certifications by various financial institutions, governments, and regulators across the globe. The certification is widely recognized for the serious commitment it initiates in protecting the financial system from money laundering.CAMS is a well-paid and well-respected anti-money laundering professional. The candidates who are able to score 75% or more on the exam become certified CAMS. Apart from that, the CAMS-certified professional can investigate possible money laundering risks in banks and other financial institutions. It’s their job responsibility to make sure of the efficient identification, monitoring, and documentation of suspicious financial transactions.

The Certified Anti-Money Laundering Specialist (CAMs) certification exam is for authenticating the candidates’ expertise in becoming professionals in anti-money laundering and curbing malfunctions in the financing sector. This certification is offered by the ACAMS, which is the largest international membership organization that is dedicated to improving the knowledge and expertise of financial crime detection.

Reportedly, the salary of CAMS-certified professionals can range between $10,000 and $12,000 on average.

Preparation for the CAMS Exam

Preparing for all the certification courses is not always the same. Exams like CAMS require thorough preparation and the best strategy to crack the exam. The exam duration is 3.5 hours and there are 120 questions. The format will be multiple-choice and multiple-response questions.

Before starting the CAM exam preparation, take a look at the official Certified Anti-Money Laundering Specialist study guide. This is an imperative process as ACAMS will checkboxes and to attend the exam, one has to be a member of ACAMS. The website provides a calculator to check the candidate’s eligibility to attend the exam. One needs to have 40 ACAMS credits.

That’s where YourOwn comes into the picture. The institute offers the best CAMS Training in Dubai. The CAMS training in Dubai by YourOwn is preparatory training to pass the CAMS exam, and complete coverage of the CAMS guide will be covered with a practical approach. The well-trained teaching faculty at YourOwn gives detailed training in exam preparation. The practical test or mock test of the Certified Anti Money Laundering Specialist Exam practice tests at YourOwn makes the candidates familiar with the actual exam conditions, which also boosts their self-confidence.