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ACAMS Advanced-CAMS-Audit Dumps Questions Answers

Exam Code: Advanced-CAMS-Audit
Exam Name: Advanced CAMS-Audit Certification Exam
Last Update: Jan 24, 2025
90 Questions Answers with Explanation Detail
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ACAMS Advanced-CAMS-Audit Last Week Results!

97

Candidates Passed
ACAMS Advanced-CAMS-Audit

86%

Average Score In Real
Exam At Testing Centre

94%

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ACAMS Advanced-CAMS-Audit Exam Dumps FAQs

  • Audit Process and Management
    • Understanding the audit lifecycle from planning to reporting.
    • Significance: Ensures comprehensive evaluation of AML programs.
  • AML Compliance Program Assessment
    • Evaluating policies, procedures, and controls for effectiveness.
    • Significance: Identifies gaps in compliance frameworks.
  • Risk Management
    • Analyzing risk assessment methodologies and mitigation strategies.
    • Significance: Enhances ability to manage financial crime risks.
  • Regulatory Environment
    • Reviewing global AML regulations and their application.
    • Significance: Ensures adherence to legal standards worldwide.

The ACAMS Advanced-CAMS-Audit Certification Exam is designed to test candidates on these critical areas, ensuring they possess the skills necessary for effective auditing within the context of anti-money laundering efforts. Each domain plays a crucial role in maintaining robust financial systems and preventing illicit activities through thorough understanding and application of AML principles.

  • The ACAMS Advanced-CAMS-Audit Certification Exam is ideal for professionals in anti-money laundering (AML) and financial crime prevention.
  • Target candidates typically possess foundational AML knowledge, experience in compliance or audit roles, and aim to deepen their expertise.
  • This certification benefits those seeking advancement in financial institutions, regulatory bodies, or consultancy firms focusing on AML practices.
  • Relevant job roles include AML analysts, compliance officers, internal auditors, and risk management specialists within the finance industry.
  • Candidates should have a solid understanding of auditing principles, compliance frameworks, and risk assessment techniques.
  • The exam serves as a validation of one's competence and readiness to handle complex AML audits and enhance organizational compliance measures.
  • Exam Format: Multiple choice questions
  • Number of Questions: 75
  • Total Exam Duration: 2 hours (120 minutes)
  • Question Type: Scenario-based and practical application questions
  • Delivery Method: Computer-based testing at designated test centers or online proctored exams
  • Completion of the Certified Anti-Money Laundering Specialist (CAMS) certification is mandatory before pursuing the Advanced CAMS-Audit certification.
  • Candidates should have a minimum of three years of professional experience in anti-money laundering or financial crime prevention roles.
  • A background in auditing, compliance, or related fields is highly recommended to ensure a comprehensive understanding of the audit process within AML frameworks.
  • It is beneficial to have a solid grasp of risk management practices and regulatory requirements relevant to financial crimes.

The retake policy for the ACAMS Advanced-CAMS-Audit Certification Exam is straightforward. If you do not pass the exam on your first attempt, you can retake it after a waiting period of 30 days. Here are the key points:

  • You must wait 30 days between each attempt.
  • There is no limit to the number of times you can take the exam, but each attempt requires payment of the full exam fee.
  • Ensure you prepare thoroughly before each retake to increase your chances of passing.

This policy aims to provide candidates with adequate time for further study and preparation between attempts.

  • The Advanced-CAMS-Audit AML Certification is valid for a period of three years from the date of successful completion of the exam.
  • To maintain the certification, professionals must renew it before the expiration date. This typically involves completing continuing education credits or retaking the examination, as specified by the certifying body.
  • Staying updated with any changes in renewal requirements is crucial to ensure uninterrupted certification status.

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When preparing for the Advanced-CAMS-Audit Certification Exam, it's crucial to consider your background and learning preferences. Here are some general guidelines:

  • Allocate approximately 80-120 hours of study time. This range can vary based on your familiarity with the subject matter and the exam's complexity.
  • If you have prior experience in auditing or compliance, you might need less time compared to someone new to these areas.
  • Consider your preferred study pace; faster learners may require fewer hours, while others may benefit from a more extended preparation period.
  • Tailor your study schedule to fit personal needs, ensuring you cover all topics thoroughly without feeling rushed.

Ultimately, adjust your study plan according to how comfortable you feel with the material and aim for a level of preparedness that boosts your confidence for exam day.

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  • This preparation strategy not only aids in efficient time management during the actual exam but also promises success by boosting confidence and readiness for the certification test.

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Advanced-CAMS-Audit Ratings & Reviews

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Sep 5, 2024

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Advanced-CAMS-Audit Overview

Category Details
Exam Name ACAMS Advanced-CAMS-Audit (Advanced CAMS-Audit Certification Exam)
Certification Body Association of Certified Anti-Money Laundering Specialists (ACAMS)
Exam Duration 4 hours
Number of Questions 125 multiple-choice questions
Passing Score 75%
Exam Format Multiple Choice Questions (MCQs)
Topics Covered
  • Audit Process and Strategy
  • AML Risk Assessment
  • Audit Methodology and Standards
  • Governance and Compliance Controls
  • Fraud Detection and Investigation
  • Reporting and Documentation
  • Technology and Tools for Audit
Eligibility Must hold a CAMS certification or have 3+ years of related experience
Exam Fee Varies by location, typically between $500-$600 USD
Retake Policy If you do not pass, you may retake the exam after a waiting period (usually 30 days)
Language English

Advanced-CAMS-Audit Q&A's Detail

Exam Code:
Advanced-CAMS-Audit
Certification Provider:
Total Questions:
90 Q&A's
Single Choice Questions:
63 Q&A's
Multiple Choice Questions:
27 Q&A's