Certified Anti Moneylaundering Expert
Certified Anti Moneylaundering Expert – popularly known as CAME- is an endeavor to meet the growing demand of the skilled resources in the field of Money Laundering in the country. This course focus more on the transactional aspects than the KYC. Started in 2007, Course on AML was the second initiative of Indiaforensic Center of Studies.
Money Laundering has become important in the wake of the 9/11 attacks on World Trade Center. After September 11, 2001, money laundering become a major concern of the US Bush administration’s war on terror. Critics argue that it has become less and less an important matter for the White House but in India Anti-Money Laundering has gained tremendous importance. Attack on USA forced all the Central Banks in the world to come together to combat the Money Laundering. In India Prevention of Money Laundering Act was passed in 2002.
The Certification course focus on the identification of the suspicious transactions. The certification course material is a big repository of the cases related to Money Laundering in India. You get a complete AML manual when your application is accepted by the board of Indiaforensic. This Anti-money laundering manual is an exhaustive resource for the professionals who are fighting hard to combat the peril of laundering.
Certified Anti Moneylaundering Expert combines the benefits of E-learning as well as traditional learning system. Participants are free to take the exams according to their convenience. The exams are conducted as Internet Based exams.
“Indiaforensic” is the pioneer in the field of Forensic Accounting and Fraud Investigations and with its introduction of the AML course now it is also entering in a new space of fighting the perils of Laundering in India
The CAME Application Form for the year 2018 is now available.
All the professionals completing their Certification in Anti Money Laundering are required to comply with the CPE provisions as Riskpro is a CPE sponsor. 20 CPE hours are mandatory for the Certified Anti Moneylaundering Experts.
Overview of CAME
In order to differentiate the Certified Anti Moneylaundering Experts from the various other certifications, we offer bouquet of benefits and flexibilities to the potential AML professionals. Our members need to be up-to-date with the global developments on various acts related to the compliance and money laundering. From 2015, the structure of Certification program is changing significantly and the course syllabus would now contain the new generation laws like Dodd Frank Act and Foreign Account Tax Control Act.
In order to help the students to understand the nature of these laws we have launched a mock test on the subject of FATCA and Dodd Frank Act. Click here to try the mock exams.
The term “money laundering” is said to have originated from Mafia ownership of Laundromats in the United States. Gangsters were earning huge sums in cash from extortion, prostitution, gambling and bootleg liquor. They needed to show a legitimate source for these monies. In India Money Laundering Laws are still in the nascent stage but the techniques of Laundering are existing since long. Hawala form of Laundering is very common in India. Certification in Anti Money Laundering is an endeavor to meet the growing demand of the skilled resources in the banking industry. Data related to the Money Laundering is very sensitive and it is not possible to outsource the data. Banks need to equip their staff with the tools to combat money laundering. One of the tools where banks invest heavily is the AML software. But regulators also require the staff to be trained and educated with the Anti Money Laundering provisions.
Would you like to measure your knowledge on Money Laundering, take this sample Exam on AML
Syllabus for Certified Anti Moneylaundering Expert
We cover various aspects in our course including the legal provisions related to Money Laundering but the focus of the course remains on the suspected transaction analysis. Examination remains our strength. We have an exhaustive database of about 500 different questions and though multiple options the selection of questions is done very carefully. Altogether there are seven chapters that cover all the aspects of Money Laundering.
- The 3 Essential Stages in Money Laundering
- Techniques of Money Laundering
- What is KYC ?
- Law related to Money Laundering
- Identification of Suspicious transactions
- Business Sectors and Money Laundering
Certified Anti Moneylaundering Expert program provide the detailed overview of Laundering transactions in the world. From traditional methods to technology methods of laundering, this certification covers many facets of laundering transactions and includes Definition, size of Money Laundering, Reasons of Money Laundering by criminals, Consequences of Money Laundering, Essentials of Money Laundering, Risk of KYC to mitigate, Origin of Money laundering transactions, Indian Laws of Money Laundering
From the year 2015, CAME is becoming Global and various global laws like Dodd Frank Act, Foreign Account Tax Control Act and Foreign Corrupt Practices act would be part of the CAME certification.
Certified Anti Moneylaundering Expert program emphasize on a passing level of 75%. The examination is Multiple Choice Questions. It focus more on the Transaction analysis approach rather than the compliance approach to the analysis of susceptibility of bank to Money Laundering.
This course is unique in the sense that it combines the advantages of both the traditional learning system as well as the e-learning system.
Study material is provided in the printed format and can be used as the reference and the Examination is carried on the Computer Based Examination approach.
The Scores are stored in the encrypted format in your hard disk and list of the certified members is declared once in every 30 days.
Entry Requirements / Assumed Knowledge
Applicants must have at least 40 points which considers not only the educational qualifications but also the work experience. For details about eligibility norms please click here
For further Information on Certification in Money Laundering please write us at firstname.lastname@example.org