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Certified AML Acams specialist (certified course)

3150 €

at 1.8 KM
House of Training Follow

• Training
• Business
• Cybersecurity
• Investment
• Risk management
• Legislation
• Strategy
• Finance
• Economy
• Legal
• Bank
• Security
• Anti-money laundering

Program

Applicants must have a thorough knowledge of AML and FT's fundamental principles of terrorism prevention ("AML & FT: Foundation Level" or equivalent).

CAMS includes:

the main seminar: Laws and Regulations ACAMS (4 days)
ACAMS Seminar "Exam Taking Techniques" (1 day)
the ACAMS certification exam (4 hours)

Content:

Introduction to ACAMS and the Certification Exam
The risks and methods of money laundering
What is money laundering? : definition, criteria of knowledge, the 3 steps, effects
Money laundering methods by banks: electronic transfers, correspondent banks, transit accounts, private banking, loans, credit unions
Course Manipulation, Exchange of Pesos on the Black Market, Hawala
Other methods of money laundering: MSBs, credit / debit cards, cash and prepaid cards, business structures, obligated intermediaries, real estate, casinos, securities, insurance
Terrorism against other criminal acts
International AML Standards
GAFI (FATF): objectives, accession, 40 revised recommendations, other FATF initiatives
FATF Regional Entities (FATF): APG, GAFIC, GAFISUD, MENA
Basel Committee: consolidated customer due diligence procedures and consolidated KYC
Wolfsberg Group: principles of correspondent and private banking, entitled
4th EU Directive
American legislation
Money Laundering Programs
Risk assessment: companies, products
AML programs: fundamental elements
Know Your Customer / KYC Program
Know your employee (Know Your Employee / KYE)
Suspicious activity alarm signals
Automated AML Solutions
Directed and sustained investigations
Cooperation between financial institutions and law enforcement
Conduct internal investigations
Cooperation between nations: TAJ (MLAT), CRF (FIU), 40 FATF Recommendations (FATF)
Establishment of a FIU
Conclusion, examination techniques and questions / answers
Official computer examination organized in a specialized computer examination center in Luxembourg.

Goals

At the end of the training, the participants:

gain a good understanding of the main elements and objectives of laws and regulations, money laundering and terrorist financing strategies, methods and techniques
have acquired a good knowledge of money laundering practices
will be able to implement a dynamic AML system including KYC, with due diligence
will know AML best practices at major international banks according to support procedures and tools

Examination

At the end of this training program, participants will undergo a 3.5 hour exam to obtain their certificate. This is the official computer-based ACAMS exam organized in a specialized computer examination center in Luxembourg.

Recognized globally by employers in the private sector and government, and by regulators and examiners, the Specialist Anti-Money Laundering and Anti-Terrorist Financing (AMT) Certification certifies proven knowledge of the detection and prevention of money laundering and terrorist financing.

Address of the examination center:

CSL - Chamber of Employees Luxembourg 2-4 rue Pierre Hentges, L-1726 Luxembourg.

Practical arrangements:

ACAMS will send an email confirmation of registration for the exam, with an access code one week before the start of the course.
The proposed exam date is part of the registration with the House of Training. Any request to postpone registration for the examination is the responsibility of the candidate and does not give right to a refund. In such a case, the applicant must contact the examination center in order to reserve a new date and, if necessary, pay the resulting fees.

The examination will take place in the morning OR the afternoon of the day indicated. Candidates will be notified no later than one week before the exam for your specific examination window.
The examination results are communicated by ACAMS. If unsuccessful, we invite applicants to refer to the Applicant's Handbook or to contact ACAMS to resubmit the exam and pay the resulting fees (not included in the registration fees) .