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Career Opportunities

Individuals who have obtained the CAMS designation may receive a range of benefits. They include furthering one's professional portfolio via demonstrating a better understanding of the detection and prevention techniques of financial crime, helping to protect their organization from money laundering threats, and lessening financial crime risks. What's more, by flaunting this qualification on your resume, you can opt for such job roles as an Anti-Money Laundering Analyst, Bank Secrecy Act (BSA) Officer, Staff Auditor, Management Consultant, etc. When it comes to the annual payment received by those specialists who got CAMS certified, it equals almost $82k per year as shown by Payscale.com.

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The benefit in Obtaining the CAMS Exam Certification

• Meeting mandated AML training needs through preparation and study
• ACAMS conducted a survey recently and the findings were pretty interesting on average, professionals who had their ACAMS made $25,000 more than their colleagues who did not have the CAMS certification!
• Increasing their skilled worth through a higher understanding of financial crime detection and hindrance techniques
• Protecting their company from money laundering threats and minimize money crime risks
• Proving their AML experience to examiners and regulators

Reference: https://www.acams.org/sites/default/files/2024-02/EN-CAMS_011924.pdf

How much CAMS Exam Cost

There are two options. Candidate can choose either with a virtual classroom package or without a virtual classroom package.

Price and benefits of with virtual classroom package

• The price of this package is $1,880 for private sectors and $1,540 for public sectors
• This package consists of a CAMS study guide, Online Preparation Course, CAMS Virtual classroom and CAMS Examination

Price and benefits of without virtual classroom package:

• This package consists of a CAMS study guide, Online Preparation Course and CAMS Examination
• The price of this package is $1,459 for private sectors and $1,145 for public sectors

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How to Get Certified

To obtain the ACAMS CAMS certificate individuals must take and successfully pass the affiliated namesake CAMS exam, which requires individuals to go through a three-step process. This has been outlined below:

• Be a member of ACAMS

  Individuals may gain membership of ACAMS as individuals, as part of an enterprise, as public sector workers, or as part of a chapter. Members are required to make a standard membership payment.

• Take the actual CAMS exam

  After an individual is found to be eligible and their application has been approved, they may go on to schedule their CAMS evaluation.

• Submit an application

  After gaining membership at ACAMS, individuals are required to submit an application form along with payment. To be eligible to send an application, individuals must meet the following requirements: hold an active ACAMS membership, have 40 ACAMS credits, possess an education (10 credits for associates, 20 credits for bachelors, 30 credits for masters, and 40 credits for JD, or PhD), possess work experience (10 credits for each year of work experience), and have training (1 credit for an hour of training in the field of financial crime).

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