cams audit handbook update 8-05-2013 (1)
DESCRIPTION
Antimoney Laundering Course HandbookTRANSCRIPT
-
5/23/2018 CAMS Audit Handbook Update 8-05-2013 (1)
1/14
-
5/23/2018 CAMS Audit Handbook Update 8-05-2013 (1)
2/142 ACAMS Advanced Certication [email protected] | +1 305.373.0020 | acams.org
About CAMS-Audit 3
Application Process & Policies 4-5
Program Guidelines & Live Program Details 6-7
Eligibility Criteria Worksheet 8
Specialized Training Worksheet 9
Application & Affi davit 10-11
Request for Special Accommodations Form 12 - 13
Course Outline 14
About ACAMSACAMS is the largest international membership organiza-
tion dedicated to enhancing the knowledge and expertise
of nancial crime detection and prevention professionals,
from a wide range of industries, in both the public andprivate sectors.
ACAMS serves its members with extensive resources
designed to develop and sharpen the skills required for
superior job performance and career advancement includ-
ing certication, moneylaundering.com (the industry s
leading online news and information resource), ACAMS
Today (the premier AML magazine) international confer-ences, full day seminars, web seminars, customized train-
ing and peer networking opportunities.
Table of Contents
ACAMS will be adding additional advancedcertications in the future! Visit acams.orgor watch your inbox for updates!
-
5/23/2018 CAMS Audit Handbook Update 8-05-2013 (1)
3/[email protected] | +1 305.373.0020 | acams.org ACAMS Advanced Certication
About CAMS-Audit
About CAMS-AuditAudit, independent testing and related examinationoversight are key components of maintaining an ef-
fective AML program, and the audit process is a critical
element in assessing a programs strengths and weak-
nesses. Without it, nancial institutions risk formal and
informal regulatory criticism as well as potential nes
from regulatory bodies, all resulting in severe reputa-
tional damage.
CAMS-Audit equips auditors and those with audit
responsibilities with high-level training that reinforces
their internal controls knowledge to meet regulatory
expectations.
With CAMS-Audit after your name, you will be instantlyrecognized as a seasoned professional with superior skills
to effectively:
Evaluate the effectiveness and adequacy of a BSA/AML
compliance program, suspicious activity reporting and
transaction monitoring systems, and KYC/CIP policies,
procedures, and processes.
Address and mitigate BSA/AML risk including tracking
and correcting previously identied issues and
deciencies.
Identify, analyze and recommend enhancements to
policies, procedures and processes in accordance with
guidance and regulations.
Assess the adequacy of transaction monitoring in
relation to risk and suspicious activity.
Understand and communicate reporting and record
keeping requirements in performing independent
testing.
Enhance the role of audit in regards to your institutions
compliance monitoring and AML training.
Identify communication techniques to increase the
reception and collaboration of your message across
different departments.
-
5/23/2018 CAMS Audit Handbook Update 8-05-2013 (1)
4/144 ACAMS Advanced Certication [email protected] | +1 305.373.0020 | acams.org
Application Process1. Complete the application included in this handbook.
2. Email the application, eligibility criteria worksheet,
specialized training worksheet to
3. You may also mail or fax in your application, how-
ever, mailing in your application may delay the
process. Our mailing address and fax number are:
Brickell Bayview Centre
80 SW 8th Street, Suite 2350
Miami, FL 33130
Fax: +1 305.373.7788
4. Upon approval of your application, you will receive an
invoice for payment.
*Incomplete applications, including missing documentation, will be
returned. Applications must be received no later than ve (5) business
days from the date registration closes. Applications after this time will
not be accepted.
Fees
Private Sector: $4,850
Public Sector: $4,268
Fee includes:
Application administration fee
Pre-coursework web seminars
Live 3-day course
Course materials
Housing during 3-day course
Breakfast and lunch for each of the 3 days
CAMS-Audit Eligibility Requirements:Candidates wishing to apply for the CAMS-Audit des-
ignation must maintain an active CAMS designation
and document 20 qualifying credits (with 10 coming
from professional experience) based on continuing
education, professional experience and other certica-
tions.
Supporting Documentation:All pertinent documentation, if applicable, must be
returned with the application.
Experience:
Current Resume (bios are not accepted)
Training:
Certicates/Letters of Participation*
Documentation is not required for ACAMS events.
This is ONLY required for events completed through
an outside organization. Approval of external training
credits is not guaranteed.
Certication: Copy of Certicate/Letter from Certifying Organiza-
tion
Refund/Cancellation PolicyRefunds will not be granted once a candidate has been
formally accepted into the program and has received the
offi cial welcome notication. Notications will be sent via
email. Please be sure to provide accurate contact informa-
tion when applying.
Application Process & Policies
-
5/23/2018 CAMS Audit Handbook Update 8-05-2013 (1)
5/[email protected] | +1 305.373.0020 | acams.org ACAMS Advanced Certication
Statement of NondiscriminationACAMS does not discriminate among candidates based on
age, gender, race, color, religion, national origin, disability
or marital status.
Background VericationACAMS reserves the right to conduct a background check,
including a criminal records check, on all people wishing
to apply for Advanced Certication. Candidates may be
required to ll out a Background Verication Authoriza-
tion Form. Candidates will receive correspondence from
ACAMS regarding the status of their application in the
event ACAMS performs a background check.
Please be advised that for the safety of our members and
of our association, in the event an individual is subject to
a background check and does not pass, that individual will
not be allowed to proceed with the program.
Requests for Special AccommodationsACAMS complies with the Americans with Disabilities
Act (ADA) and will ensure that individuals with disabili-
ties are not deprived of the opportunity solely because
of a disability, as required and dened by the relevant
provisions of the law. Special arrangements may be made
for these individuals, provided that an appropriate pre-
approved request for accommodation is submitted to
ACAMS 30 day prior to the live course date. A special
accommodation form is included in this handbook.
Requests forspecialaccommodationsforcandidateslocatedoutsideof theU.S. are
permitted if the country of residence has a similar law in place for persons with a
recognized disability. Follow the instructions as detailed above.
Application Process & Policies(cont.)
Contact InformationFor information about your examination application or the CAMS-Audit
program, please contact:ACAMS
Brickell Bayview Centre
80 Southwest 8th Street, Suite 2350
Miami, FL 33130 USA
Telephone: +1.305.373.0020 or +1.866.459.CAMS (toll free)
Fax: +1.305.373.7788 or +1.305.373.5229
Email: [email protected]
Website: www.acams.org
-
5/23/2018 CAMS Audit Handbook Update 8-05-2013 (1)
6/146 ACAMS Advanced Certication [email protected] | +1 305.373.0020 | acams.org
Certication Program Guidelines
Participation and Completion of Work Assignments
ACAMS utilizes a series of methodologies throughout the advanced certication program. Candidates are required
to adhere to and participate in each of these different methodologies in order to successfully complete the certica-
tion. This includes:
Attending the administrative and nal assessment web seminar
Attending the live 3-day session
The completion of all work assignments by their prescribed deadlines
Completion of the nal assessment
Extensions
Extensions on work assignments can be granted if requested in a timely manner. However, ACAMS will only grant
one extension per candidate. Requests must be submitted 15 calendar days prior to the deadline for that particular
assignment. Requests should be submitted by email to [email protected].
The maximum time allowed for an extension is 15 calendar days from the deadline. Extensions for a longer period
will need to be reviewed on a case-by-case basis and are not guaranteed.
ACAMS reserves the right to withhold the certication of any candidate not complying with these guidelines.
Appeals
The withholding of a candidates certication for noncompliance with the above referenced guidelines is not
grounds for an appeal.
-
5/23/2018 CAMS Audit Handbook Update 8-05-2013 (1)
7/[email protected] | +1 305.373.0020 | acams.org ACAMS Advanced Certication
ACAMS is accepting applications for the CAMS-Audit program.
Live Course VenueLansdowne Resort44050 Woodridge Pkwy
Leesburg, VA 20176
+1 703.729.8400
www.lansdowneresort.com
Lansdowne Resort is conveniently located 20 minutes
from the Capital Beltway and only 15 minutes from
Washington Dulles International Airport (IAD).
Directions and information on their transportation ser-vices can be found on the resort website under Locations
& Directions.
AccommodationsAccommodations for the 3-day live course will be made byACAMS to the Lansdowne Resort. Special requests must
be made directly to Lansdowne Resort.
ReschedulingRescheduling of the live course will not be permitted once
a candidate has been formally accepted into the program
and has received the offi cial welcome notication.
Notications will be sent via email. Please be sure to
provide accurate contact information when applying.
Live Program Details
-
5/23/2018 CAMS Audit Handbook Update 8-05-2013 (1)
8/148 ACAMS Advanced Certication [email protected] | +1 305.373.0020 | acams.org
Experience (limited to within the past 5 years)
Audit/Examination
Conducting or materially participating in audits of a financial
institution* on regulatory compliance matters.
Credits
Credits Earned
1 Year 1
2-3 Years 3/yr.
4-5 Years 5/yr.
Audit/Examination Management
Leading an audit or exam of a financial institution* onregulatory compliance matters. Credits Credits Earned
1-5 Years 1/yr.
Professional AML Experience
AML must be a significant portion of the job responsibilities. Credits Credits Earned
1 Year 1
2-3 Years 3/yr.
4-5 Years 5/yr.
Training Please also complete the Specialized Training Worksheet on page 9.
Training limit of 10 credits per 2 years in the following areas:
- Risk Assessment (RA)
- Policies and Procedures (P&P)
- AML Audit Processes (AML Audit)
- Transaction Monitoring (TM)
- Identifying and Reporting Suspicious Activity (SAR)
- Compliance Monitoring/Corrective Action
- Testing/Validation (COM)
- Training (TRN)
Credits Credits Earned
3 Hours of Training 1
Certification
Audit Certification
Limit to 1 active certification -please provide the date in which
the certification was earned. Credits Credits Earned
Certified Internal Auditor (CIA)
Certified Information Systems Auditor (CISA)3
TOTAL
Eligibility Criteria Worksheetplease submit with application
-
5/23/2018 CAMS Audit Handbook Update 8-05-2013 (1)
9/[email protected] | +1 305.373.0020 | acams.org ACAMS Advanced Certication
Date Title Sponsor
(Organization)
Audit Area Hours Training Type Credits
EXAMPLE
8/9/12 Effective FinancialInvestigations
Strategies
ACAMS SAR 3 Hours Web Seminar 1
Specialized Training Worksheetplease submit with application
-
5/23/2018 CAMS Audit Handbook Update 8-05-2013 (1)
10/1410 ACAMS Advanced Certication [email protected] | +1 305.373.0020 | acams.org
CAMS-Audit ApplicationEmail the application and all required documentation and the appropriate fees [email protected]. You may also mail or fax in your application; however, please keep in mind thatmailing in your application may delay the application process. Our mailing address and fax number are:
Brickell Bayview Centre: 80 SW 8th Street, Suite 2350, Miami, FL 33130 Fax: +1 305.373.7788
Personal Information (please print using black or blue ink)
Name: (As you want it to appear on your certicate) ACAMS Member Number
Company/Organization Name Job Title
Street Address:
City State/Province Zip Code/Postal Code Country
E-mail Address 1 Alternate Email Address
Daytime Telephone Number Alternate Telephone Number Fax Number
Your certicate will be mailed to the address listed above. Please notify ACAMS as soon as possible if this information
changes. Fill out the form below if you would like your certicate mailed to a different address.
Name Street Address
City State/Province Zip Code/Postal Code Country:
Payment may be made by credit card, personal check, cashiers check, money order or wire transfer. Checks must be made
payable to ACAMS.
Pricing:Private Sector: $4,850 Public Sector: $4,268
Payment method:
p Bill my company (IMPORTANT: Payment must bereceived before the application deadline).
p Check payable to ACAMS
p Wire transfer to: Comerica Bank San Jose, CARouting number: 121137522SWIFT Code: MNBDUS33
p Credit card
p MasterCard p Visa p American Express
p Discover p Diners Club
I agree to pay the above amount according to the card
issue agreement.
Cardholders name:
Card number: Exp. Date
CVV2 Code:(3-digit code found on the back of your VISA/Mastercard or 4-digit code found onthe front of your American Express card)
Signature:
-
5/23/2018 CAMS Audit Handbook Update 8-05-2013 (1)
11/[email protected] | +1 305.373.0020 | acams.org ACAMS Advanced Certication
Affi davitI certify that I have read and agree to the terms and conditions set forth in the handbook and application. I certify that the
information submitted in this application is complete and correct to the best of my knowledge and belief. I understand
that, if the information I have submitted is found to be incomplete or inaccurate, my application may be rejected and my
designation revoked.
I certify that I have never been convicted of a felony (or in a military service convicted by a general court martial) and
that there is no criminal charge now pending against me. I certify that I have never had a professional membership, license,
registration or certication denied, suspended or revoked (other than for lack of minimum qualications or failure of
examination), and that I have never been censured or disciplined by any professional body or organization.
I understand that approval of my application is contingent upon the results of a possible investigation of the truthfulness
and accuracy of all information I have provided. I authorize ACAMS and its agents to discuss the results of such a review
with all persons involved in the application process. I give consent for all contacted persons to provide information concern-
ing me and/or my application, and I release each such person from liability for providing information to ACAMS and its
agents. I understand that any false or misleading statement, misrepresentation, or concealment or material omission of
the information I have provided or failed to provide on my application and attachments may be grounds for rejection of
my application.
Signature
-
5/23/2018 CAMS Audit Handbook Update 8-05-2013 (1)
12/1412 ACAMS Advanced Certication [email protected] | +1 305.373.0020 | acams.org
Request for SpecialAccommodations Form Part IIf you have a disability covered by the Americans with Disabilities Act, please complete this form and the Docu-mentation of Disability-Related Needs so your accommodations for testing can be processed effi ciently. Theinformation you provide and any documentation regarding your disability and your need for accommodation in
testing will be treated with strict condentiality.
Candidate Information
Name: Organization:
Address:
City: State: Country: Zip Code:
Phone: Email:
Special Accommodations
Please describe your disability:
Please provide (check all that apply):
p Special seating or other physical accommodation p Large Text/Magnied screen
p Reader p Extended exam time
p Separate testing area p Other special accommodations (Please specify)
Comments:
Signature Date: Day/Month/Year
-
5/23/2018 CAMS Audit Handbook Update 8-05-2013 (1)
13/[email protected] | +1 305.373.0020 | acams.org ACAMS Advanced Certication
Request for SpecialAccommodations Form Part IIDocumentation of Disability-Related Needs
Please have this section completed by an appropriate professional (education professional, physician, psycholo-
gist, psychiatrist) to ensure that Kryterion is able to provide the required test accommodations.
Professional Documentation
I have known since / / in my capacity as aExamination Candidate Date Professional Title
The candidate discussed with me the nature of the examination to be administered. It is my opinion that, because of this candidates
disability described below, he/she should be accommodated by providing the special arrangements listed on Part I of this form.
Description of disability:
Signature Title
Printed Name
Address
Telephone Number Fax Number
Date
License# (if applicable)
Return this form with your examination application and fee to:
ACAMS
Attn. Certication Department
Brickell Bayview Centre
80 Southwest 8th Street, Suite 2350
Miami, FL 33130 USA
Fax: +1.305.373.7788 or +1.305.373.5229
-
5/23/2018 CAMS Audit Handbook Update 8-05-2013 (1)
14/1414 ACAMS Advanced Certication [email protected] | +1 305.373.0020 | acams.org
Administrative SessionThis hour-long webinar will provide an overview
of program logistics, timelines and other details.
Self-StudyParticipants will be required to complete pre-class assign-
ments prior to attending the classroom session. Partici-
pants should plan to spend 8 - 10 hours reading, research-
ing and completing exercises that will be used in the
classroom session. All pre-class assignments will be tied to
classroom activities.
3-Day Live CourseThe live course is comprised of:
Lecture
Where needed to introduce topics and establish the
foundation for discussions and exercises.
Discussion
This course is designed create dialogue and interaction.
Participants will be encouraged to engage in discussions
focused on various aspects of AML audit.
Exercises
In-class exercises are designed to leverage the results of
pre-class activities and immerse participants in interactive
situations and work groups, allowing them to put concepts
into practice.
Final Exam - Publishable White PaperParticipants will be required to write a white paper, which
will be graded as the nal exam, on one of several topics.
Papers will be available to ACAMS members online or in
print. Benets include:
Establishing expertise for participants
Building intellectual capital for association members
Cutting edge analysis on major/emerging issues
Course Outline