Tag: CAMS training

How to prepare for Certified Anti-Money Laundering Specialist (CAMS)

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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 illegal activities to clean money.  To detect such a complicated financial crime, especially in the digital era, one needs a deep knowledge of the functioning of various financial systems.

In order to become an anti-money laundering specialist one has to clear the CAMS exam. As CAMS certification is considered the gold standard for Anti-Money Laundering/Combating Financing Terrorism, the CAMS exam is designed to be a tough one that can be cracked only by deep learning and comprehensive knowledge. To get the certification you must apply online and can schedule your exam online.

Familiarizing with CAMS Examination Content

The first and foremost thing in the CAMS certification is all about understanding the exam. For that, the study material has to be thoroughly understood also the exam pattern. The CAMS exam has 120 Multiple Choice Questions and to pass the exam a candidate should score 75%. The duration of the exam is 3.5 Hours and there is no negative mark.

Utilizing Study Resources

The main reference to prepare for CAMS is the official guide of ACAMS and like any exam, success depends on sincere learning. Every Chapter should be thoroughly read and proper notes should be made. Moreover, the questions won’t come straight from the book, it will be made by combining concepts from different areas. You can get CAMS training in Dubai from yourowninstitute.

Practicing with Sample Questions

The Key to scoring good marks in any exam is practice. CAMS exam is also no different in this regard. Practicing sample questions and doing mock exams can give you the confidence to face the exam. By familiarizing yourself with the questions and also by practicing you get a stronghold in cracking the exam in the first attempt itself.

Joining Study Groups or Communities

Combined study or group study can do wonders in preparing for competitive exams. That’s the best way to cover a broad area in a short time. If you can split the chapters according to convenience among yourself and could prepare from each area, that helps you to learn all areas faster. If a group of committed people can prepare together for the CAMS exam, that can help to get rid of procrastination also. Join study groups or Communities for CAMS Training in Dubai.

Reviewing and Revising Exam Topics

Proper preparation, doing sample papers, and taking mock exams along with regular revision is the key to cracking an exam. By using the right strategy for preparation CAMS exam can be cracked in 3 to 4 months. As there are lots of facts to be memorized, revision is an important ingredient for preparation.

If you are preparing for CAMS certification in Dubai, the best choice to get professional guidance and training is YourOwn Institute. We can customize the coaching according to your convenience. We provide both online and offline classes. We are ready to provide classes in your vicinity. We are committed to serving you according to your need.

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 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.

What are the benefits of doing CAMS certification?

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The Association of Certified Anti-Money Laundering Specialists (ACAMS) is a prominent, international organization, that provides various certifications courses in the fields of anti-money laundering (AML) and counter-terrorism financing (CTF). Abbreviated as CAMS- the Certified Anti-Money Laundering Specialist is the highest-profile certification in the field of management accounting which offers a greater value and acknowledgments for accountants and financial professionals around the globe. Once you successfully complete CAMS Training in Dubai, you would be awarded certification which will help you to explore career opportunities in the management accounting profession. 

The CAMS training and test is not an easy task, the course curriculum and CAMS training methods in Dubai are frequently updated to address upcoming issues, threats, and the potential key solutions to reduce these threats. This certification is not exclusively aimed at employees of financial institutions. Professionals from law enforcement, regulatory bodies, and a broad range of other industry sectors afflicted by the practice of money laundering and terrorist financing are suitable candidates for CAMS Training in Dubai. 

As mentioned earlier, the CAMS training and exam covers many exclusive topics related to anti-money laundering (AML), countering the financing of terrorism (CFT), and sanctions. The topics are further broken down into sub-classes namely compliance standards,  criminal methods, detection methods, and more. In general, CAMS specialists should be expert sources on understanding criminal activities and should be thorough on the prevention systems and how they will work. The candidates of CAMS training in Dubai normally should be exceptional detectives and defense strategists. 

At the bottom line, the CAMS training in Dubai provides professionals a clear understanding of the problem sources and will be able to defend it professionally by using or following the established compliance rules and other defense strategies. As spoken earlier the money laundering and financial terrorism are evolved, the risks and rules change from time to time, the CAMS specialists must re-certify themselves every three years and earn ACAMS credits through their training period.

Scope and job opportunities of CAMS course in Dubai?

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Certified Anti-Money Laundering Specialist abbreviated as CAMS is the universal standard in Anti-Money Laundering certifications. CAMS training in Dubai by YourOwn is approved by government regulators and financial institutions globally. The CAMS Training in Dubai by YourOwn is accredited by the Association of Certified Anti-Money Laundering Specialists (ACAMS).

The CAMS training at YourOwn is approved by both private and government sectors and is recognized by regulators and law enforcement authorities. The extensive CAMS in Dubai by YourOwn offers students deep knowledge in discerning and preventing money laundering. The CAMS training equips the professionals with practices and game plans that are needed to meet the global standards in the detection and prevention of money laundering activities, terrorist financing, and more. The CAMS training in Dubai at YourOwn also equips the students with broad knowledge which in turn help them in certifying them to be employed at several professional organizations namely banks, government regulators and law enforcement agencies. Also in private and public financial and non-financial institutions require the services of well-qualified professionals.

The advanced CAMS program offered by YourOwn helps and benefits the professionals who want to follow a career in AML Compliance or for those who are already AML professionals and want to secure a senior position.

 The CAMS training in Dubai by YourOwn includes a detailed section on Money Laundering as a crime, several regulations, and the different genres of an AML Compliance Program. It also includes the processes to be followed for AML investigations. The CAMS training at YourOwn also equips the students for the CAMS certification, which is considered as the most imperative after international approval for AML professionals.

The course objectives include:

  • Understanding the various aspects of money laundering and different practices.
  • Realizing the structure of an efficacious system for fighting the AML
  • Steps and processes to be taken in financial institutions on AML
  • Investigating and reporting dubious activities.

Professionals who are aspiring to prepare for the CAMS exam, professionals employed in AML, employees at banking and financial institutions, professionals at regulatory bodies can attend the CAMS training in Dubai YourOwn.