Certified Anti-Money Laundering Specialist (CAMS) Study Plan (Daily)
Please find below study plan to follow on a daily basis. I believe with this plan at least you will need 2 to 3 hours of daily study.
Monday
Tuesday
Read CAMS handbook and understand the passing
Revision of topics studies on previous day
and eligibility requirements
Money Laundering and its 3 stages
Banks and Other Depository Institutions Risk & Red Flags
(Contd.)
- Private Banking and Private Investment Companies
- Politically Exposed Persons (PEP)
- Structuring and Microstructuring
- Cuckoo smurfing
Economic and Social Consequences of Money
Credit Unions and Building Societies
Laundering
Banks & depository institutions
- Electronic Funds Transfers
- Remote Cheque Deposits
- Correspondent Banking
- Payable through accounts
- Concentration accounts
Wolfsberg Anti-Money Laundering Principles for
Private Banking
Wednesday
Thursday
Revision of topics studies on previous day
Revision of topics studies on previous day
Non-Bank Financial Institutions
Non-Financial Businesses and Professions
- Credit Cards
- Casinos
- Third Party payment processors
- Dealers in Precious metals / jewellery etc
- Money Service Business
- Travel Agencies
- Insurance
- Vehicle Sellers
- Securities Broker Dealer
- Gatekeepers
- Real estate
Trade Base Money Laundering
Terrorist Financing
Black Market Peso exchange
Hawala
Shell, Shelf and front Companies
Charities and Non-Profit Organisations (NPO)
Created by Majid Pervaiz
Certified Anti-Money Laundering Specialist (CAMS) Study Plan (Daily)
Friday
Revision of topics studies on previous day
Financial Action Task Force (FATF) and 40
Recommendations (not interpretation notes)
European Union (EU) Directives
FATF Style Regional Bodies (FSRBs)
Egmont Group of Financial Intelligence Unit (FIUs)
Monday
Wolfsberg Group
- Correspondent Banking
- Suppression of Terrorist financing
Anti-bribery and Corruption
USA PATRIOT Act
OFAC
Wednesday
Revision of topics studies on previous day
AML / CFT Risk identification
Pillars of AML / CFT Program
Compliance Officer Responsibilities
Weekends
Revision of topics studied during the previous week
Tuesday
Compliance Program
Objectives of Compliance Program
Assessing AML and CFT Risk and Developing a Risk Scoring
Models
Thursday
Revision of topics studied during the previous week
Testing effectiveness of Compliance Program
KYC and its elements
Understanding Beneficial Owners at the time of Account
Opening
AML / CFT Training
Friday
Revision of topics studies on previous day
Economic Sanctions
KYE
STR Monitoring and Reporting
AML / CFT Monitoring Systems
Created by Majid Pervaiz
Weekends
Revision of topics studied during the previous week
Investigation and its sources
Conducting Investigations
STR Decision Process & Account Closure, Currency
Transaction Report (CTR)
Dealing with Law Enforcement agencies
Involving Employees during investigations