Certified Anti Moneylaundering Expert

Description

Money Laundering has become important in the wake of the 9/11 attacks on the World Trade Center. After September 11, 2001, money laundering becomes 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. The attack on the USA forced all the Central Banks in the world to come together to combat Money Laundering. The primary AML legislation in India is the Prevention of Money Laundering Act which was passed in 2002.

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 for a long. Hawala form of Laundering is very common in India.

Certified Anti Moneylaundering Expert

Certified Anti Moneylaundering Expert – popularly known as CAME- is an endeavor to meet the growing demand for skilled resources in the field of Money Laundering in the country. This course focuses more on the transactional aspects than the KYC. Started in 2007, the Course on AML was the second initiative of the Indiaforensic Center of Studies.

The Certification course focuses on the identification of 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 Money laundering Expert combines the benefits of E-learning as well as a 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 a new space of fighting the perils of Laundering in India.

Overview of CAME

In order to differentiate the Certified Anti Moneylaundering Experts from the various other certifications, we offer a bouquet of benefits and flexibilities to potential AML professionals. Our members need to be up-to-date with the global developments on various acts related to compliance and money laundering. Since 2015, the structure of the Certification program is changing significantly and the course syllabus would now contain 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 the Dodd-Frank Act. Click here to try the mock exams.

Importance of CAME for Banks

Certification in Anti-Money Laundering is an endeavor to meet the growing demand for skilled resources in the banking industry. Data related to 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 on the Anti Money Laundering provisions.

Would you like to measure your knowledge of Money Laundering? or if you are looking at AML and KYC sample questions, then 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 1000 different questions on AML. Additionally, through 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

The Certified Anti Moneylaundering Expert program provides a detailed overview of Laundering transactions in the world. From traditional methods to technology methods of laundering, this certification covers many facets of laundering transactions.

Moreover, it includes topics like Definition, size of Money Laundering, and Reasons for Money Laundering by criminals. Further, it comments on the 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.

Mode of Delivery of CAME

Certified Anti Money Laundering Expert is one of the most flexible formats for obtaining certification in compliance. There are three different methods to complete the certification which include self-study, video guides, and mentoring sessions.

Distance Learning

Under this method of learning, the student is provided with resources and study guides. Printed editions of the study guide are delivered to the correspondence address provided in the application form. Students are also provided the access to the prep course, which is a bunch of simulated examinations helpful in the completion of the Uniform Final Examination. In order to register for a distance learning course please use this form.

Video Learning

The Enhanced CAME program incorporates the audio-visual method of learning in addition to the printed books. Even though the students get access to the physical copies of study material, video material discusses many concepts like Shell Companies, RBML, Crypto Currencies, and TBML. This program is flexible and helps the aspirants to customize and focus on the different areas of learning based on their area of work or expertise.

Classroom Learning

The Advanced CAME program is a mentor-driven certification course. Industry expert teaches the syllabus of certification. There are live virtual sessions in addition to the pre-recorded videos which help the students to get access to mentoring sessions. The mentors also solve the real-life problems the students faced while working in the compliance domain.

CAME Examination

The certified Anti Money laundering Expert program emphasizes a passing level of 75%. The examination is Multiple Choice Questions. It focuses more on the Transaction analysis approach rather than the compliance approach. Additionally, it also elaborates on the analysis of the susceptibility of banks 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 Materials and Reference books are part of the registration. However, you have to write the examination online. On successful completion of the examination, your scores are immediately available. There is no manual intervention in the score generation process.

Entry Requirements / Assumed Knowledge

Applicants must have at least 40 points which consider not only their educational qualifications but also their work experience. For details about eligibility norms please click here

For further Information on Certification in Money Laundering please write us at education@indiaforensic.com