Supplement to the Study Guide for the Certification Examination Fourth Edition Supplement to the Study Guide for the Certification Examination Fourth Edition A Publication of the Executive Director Gregory Calpakis, CAMS Editor Saskia Rietbroek-Garcés, CAMS Contributors Mary Bhawnani John Byrne, CAMS Garry Clement, CAMS Michael R. McDonald, CAMS Christopher Myers, CAMS Eugene M. Propper John Pyrik, CAMS Nancy Saur, CAMS Jeffrey Sklar, CAMS Published By Association of Certified Anti-Money Laundering Specialists (ACAMS) Brickell Bayview Center 80 Southwest 8th Street Suite 2350 Miami, FL 33130 United States ACAMS.org ACAMS.org/espanol Tel: +1.305.373.0020 Fax: +1.305.373.5229 Fax: +1.305.373.7788 ACAMS.org ACAMS.org/espanol E-mail: info@ACAMS.org Supplement to the Study Guide for the CAMS Certification Examination is a compilation of public documents published by the Association of Certified Anti-Money Laundering Specialists. No party or entity may charge a fee for reproducing, distributing or making any part of this publication available in print, electronic or other format. ISBN: 978-0-9777495-3-9 Acknowledgements F or your convenience, the Supplement to the Study Guide for the CAMS Certification Examination includes reference materials that will help you prepare for and enhance your performance on the Certified Anti-Money Laundering Specialist® (CAMS) examination. While the enclosed reference documents are crucial to a candidate’s successful completion of the CAMS certification examination, we encourage you to review the other references cited in chapter nine, “Guidance Documents and Reference Materials”, of the Study Guide for the CAMS Certification Examination. Although the Supplement to the Study Guide includes a select set of reference documents that are relevant to the CAMS certification examination, the Study Guide includes detailed information on how to access the additional resources. Good luck! Association of Certified Anti-Money Laundering Specialists i Supplement to ACAMS Study Guide for the Certification Examination ii Table of Contents Table of Contents Financial Action Task Force on Money Laundering — The Forty Recommendations and Interpretative Notes............................. 1 Financial Action Task Force — Special Recommendations on Terrorist Financing.................................. 41 Basel Committee on Banking Supervision — Consolidated KYC Risk Management..................................................... 45 Basel Committee on Banking Supervision — Customer Due Diligence for Banks......................................................... 55 Wolfsberg Statement on Monitoring, Screening and Searching.............. 91 Wolfsberg Anti-Money Laundering Principles for Correspondent Banking..................................................................... 99 Wolfsberg Statement on The Suppression of the Financing of Terrorism................................................................. 109 Wolfsberg Anti-Money Laundering Principles on Private Banking................................................................ 115 Directive 2005/60/EC of the European Parliament and of the Council............................................................... 127 iii