Value of certification in Anti Money Laundering

Is it worth my time and money to get CAME?

The short answer to your question is yes, CAME certification can be of great value to you if you are trying to pursue your career in compliance. In India, there are certain organizations that require, or highly prefer, a specified certification such as CAME or CFAP if the company is in the process of rolling out the process of investigation throughout the organisation or is looking to control the money laundering activities. In this case, if you have one of these certifications, you are in an excellent position to get hired.

Sample Job description for hiring the Certified Anti Money Laundering Experts can be downloaded here

Certifications have long been a mainstay of finance and auditing education and professional credentials and CAME is becoming a part of this education process. Compliance certifications or CAME particularly have two main advantages. First, and most important, the certification provide framework by which compliance professionals can learn and gain a level of proficiency in a specific compliance related topic i.e Money Laundering. Second, it provides the recipient with a credential showing they have a defined body of knowledge in a specific area.

Register for the CAME certification now

Hiring Managers look at AML/Compliance related certifications from the perspective that if the person cares enough about his/her career to spend his/her time and money pursuing knowledge and credentials in a specialized area of technical study, Finding and signing up for classes, Studying for an exam and passing an exam then the person is self-starter, Follows through on planned activities, is of a professional mind set and has knowledge in a defined area of study.

Covering Letter by the CAME for the Job application as the AML officer in the bank

Value of Certification

Earning professional designations provide numerous benefits to the finance and audit professionals including improved career prospects and enhanced earning power. In its study of 1,047 forensic accountants and anti-fraud professionals in India, India forensic observed that entry level salaries in this field range upwards of Rs 6 lakh to Rs 8 lakh, but experienced forensic accountants often exceed Rs 12 lakh per year and more even in recessionary times. Mumbai and Delhi are the two cities in India where more than 40 per cent of the forensic accountants are situated.

 

 

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