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