BERKELEY SCHOOL OF BUSINESS, ARTS & SCIENCES

Overview

The Certified Anti-Money Laundering Specialist (CAMS) training in New York, USA is designed to equip professionals with the expertise required to manage money laundering risks and comply with both U.S. and international regulatory frameworks. The program delivers a comprehensive understanding of AML principles, tools, and techniques used to detect, prevent, and report financial crimes across key sectors such as banking, finance, insurance, and law enforcement.

In a global financial hub like New York, AML compliance plays a critical role in maintaining financial integrity. The CAMS certification is one of the most prestigious and globally recognized qualifications in anti-money laundering (AML), strengthening career opportunities in compliance, audit, and risk management within the U.S. financial ecosystem.

Offered by

ACAMS (Association of Certified Anti-Money Laundering Specialists)

Head Office

Headquartered at 7300 N. Kendall Drive, Suite 500, Miami, FL 33156, USA.

Members

ACAMS has over 80,000 members worldwide and operates in more than 200 countries and territories, including a strong network of professionals across New York, USA and global financial centers.

Vision & Mission

ACAMS’ vision is to create a world where professionals can effectively combat financial crimes, contributing to a safer global financial system. Its mission is to empower members in New York, USA and worldwide with the knowledge, training, and certifications needed to prevent money laundering, ensure regulatory compliance, and support efforts to protect financial integrity across jurisdictions.

Who can do?

Anyone interested in learning the following concepts can pursue Certified Anti-Money Laundering Specialist (CAMS) in New York, USA:

Money Laundering Fundamentals, AML Regulatory Frameworks, Know Your Customer (KYC) and Customer Due Diligence (CDD), Suspicious Activity Reporting (SARs), Risk Management, Compliance Programs and Best Practices, Sanctions and Global Regulations, Investigations and Enforcement.

Individuals with the following designations in New York, USA:

Compliance Officers, Risk Managers, Auditors, Bankers and Financial Services Professionals, Law Enforcement and Regulatory Personnel, Legal Professionals, Consultants, and anyone seeking to transition into AML.

Course structure

CAMS: Certified Anti-Money Laundering Specialist

The training covers several important topics that AML professionals in New York, USA need to master, including:

✔ Money Laundering Fundamentals
✔ AML Regulatory Frameworks
✔ Know Your Customer (KYC) and Customer Due Diligence (CDD)
✔ Suspicious Activity Reporting (SARs)
✔ Risk Management
✔ Compliance Programs and Best Practices
✔ Sanctions and Global Regulations
✔ Investigations and Enforcement

Lecture Plan

Day 1: Introduction to Anti-Money Laundering (AML)

Learning Objectives: Understand what money laundering is and why it's critical to combat. Get familiar with key terminology, stages, and global laws.

Overview of Money Laundering and its impact on the global financial system.

The Stages of Money Laundering: Placement, Layering, Integration.

Financial Crimes and Terrorist Financing.

Key AML terminology.

Introduction to Global Regulatory Frameworks: FATF, GAFI, and other authorities.

Day 2: Legal and Regulatory Framework for AML

Learning Objectives: Understand global AML standards and regulatory requirements. Learn the key laws that shape AML compliance.

International AML Standards (FATF recommendations, UN resolutions, etc.).

Major AML Laws and Regulations: USA PATRIOT Act, Bank Secrecy Act, EU Directives.

Key definitions: CDD, EDD, KYC, PEP (Politically Exposed Persons).

Sanctions and Embargoes: OFAC and EU sanctions list.

Day 3: The Role of Financial Institutions in AML Compliance

Learning Objectives: Learn how AML programs are structured within financial institutions. Understand compliance roles and strategies for monitoring.

The AML Compliance Program in Financial Institutions

Roles of AML Officers and the Compliance Team

Risk-based approach: How to conduct risk assessments

Internal controls and monitoring systems

Employee training and fostering a compliance culture

Day 4: Customer Due Diligence (CDD) and Know Your Customer (KYC)

Learning Objectives: Understand the different levels of customer due diligence. Learn the importance of assessing and verifying customer identities.

What is Customer Due Diligence (CDD)?

Know Your Customer (KYC): Regulatory requirements and processes

Risk-based CDD: Tailoring checks based on risk levels

Understanding Politically Exposed Persons (PEPs)

How to manage Beneficial Ownership and Ultimate Beneficial Owners (UBO)

Day 5: Detecting and Investigating Suspicious Activities

Learning Objectives: Learn how to identify suspicious transactions and how they are flagged. Understand the investigation and reporting process.

Identifying Red Flags in financial transactions

Use of Transaction Monitoring Systems (TMS) in detecting suspicious activity

Investigating Suspicious Activity and Transaction Analysis

Reporting obligations: Suspicious Activity Reports (SARs)

Day 6: International Cooperation in AML

Learning Objectives: Understand how international AML efforts align. Learn about the collaborative efforts in detecting and investigating money laundering across borders.

The role of international cooperation in fighting money laundering

Global entities: FATF, Egmont Group, and international AML networks

Cross-border AML collaboration between regulators and financial institutions

Sharing information with law enforcement and global authorities

Day 7: Financial Crimes, Terrorist Financing & Sanctions Compliance

Learning Objectives: Understand how terrorist financing and money laundering are connected. Learn about the regulatory landscape surrounding sanctions and embargoes.

Understanding the link between money laundering and terrorist financing

The role of sanctions compliance in AML

International sanctions programs and regulations

Key compliance challenges in sanctions screening

Day 8: Anti-Money Laundering Technologies

Learning Objectives: Learn about the cutting-edge technologies used in detecting money laundering. Understand how AI and blockchain are revolutionizing AML compliance.

Emerging AML technologies: Artificial Intelligence (AI), Machine Learning, Blockchain

The role of technology in detecting suspicious transactions

RegTech (Regulatory Technology) and its role in AML compliance

Future of AML technology and its impact on financial crime prevention

Day 9: Case Studies and Real-World Applications

Learning Objectives: Apply theoretical knowledge to real-life money laundering cases. Understand lessons learned from both successful and failed AML programs.

Real-world AML case studies: Understanding key cases (e.g., Danske Bank, Deutsche Bank)

Analyzing AML failures and successes

Key lessons from past money laundering investigations

Practical application: Designing an effective AML compliance program

Day 10: Exam Preparation and Review

Learning Objectives: Prepare effectively for the CAMS exam. Review key concepts and address any uncertainties.

CAMS Exam Format and Structure

Review of Key Concepts from all modules

Tips and strategies for test-taking

Practice exam questions and discussion

Q&A session for any remaining questions

Learning Methodology

Berkeley offers expertly developed learning materials tailored to meet participants' needs, ensuring comprehensive coverage of the syllabus and optimal exam preparation.

Tailored Material: Guides are designed to cover the entire syllabus, offering full preparation and deep understanding.
In-Depth Content: Unlike superficial outlines, our materials provide fully developed theories and concepts, equipping participants with complete knowledge.
Strategic Study: We help participants prioritize study time by indicating the weight of each topic, allowing efficient focus on crucial areas.
Difficulty Levels: Topics are labeled as "Awareness" or "Proficiency," guiding participants to allocate time based on the required depth of knowledge.
Comprehensive Coverage: Our materials include detailed theory and a glossary of technical terms to clarify complex concepts.
Effective Learning Techniques: Visual aids and memorization techniques ensure long-lasting retention, helping candidates succeed.

Berkeley’s methodologies equip participants with the essential knowledge and tools for both exams and future success.

Lectures

Practice Session

Mock Examination

Berkeley's performance standards

Evaluates and ensures the quality of the training program and all its deliverables. This is measured through the following indicators:

Instructors’ experience and style in presenting and explaining topics.
Variety and balance of teaching methods (such as discussions, case studies, mock exams, and videos) used in the course to ensure retention and alignment with learning objectives.
Level of interactivity.
Feedback from program participants.
Full compliance with institute standards and guidelines for preparation and study requirements and methodology.
Progress reports from the training program provider.

What are the Exam Information?

Exam format & duration

* CBT (Computer Based Testing)

Part/Module	Exam format	Exam duration
CAMS: Certified Anti-Money Laundering Specialist (New York, USA)	The exam consists of 120 multiple-choice questions.	3.5 hours

Exam Dates

The exam is offered year-round in New York, USA, allowing candidates to choose a convenient date and time.

Passing Criteria

The passing score is typically 75% or higher for candidates in New York, USA.

Exam Locations

Exams are administered through the worldwide network of Pearson VUE Testing Centers. Pearson VUE offers flexible options for candidates in New York, USA to take exams either at physical testing centers or remotely through OnVUE, its online proctoring solution.

Success Stories

“As a strong advocate for education and human development, I commend Berkeley for its exceptional commitment to empowering future leaders. The institution stands as a symbol of excellence, innovation, and opportunity. Students who walk its halls are nurtured with knowledge, values, and vision—qualities that contribute to building a stronger and more prosperous future for our nation.”

— H.H. Shaikh Khalifa Al Hamid

Visit our Alumni

Alumni Benefits

Exclusive Networking Events: Access invitations to industry-leading events and thought-leadership gatherings featuring renowned speakers.
Monthly Updates: Stay informed with a newsletter highlighting the latest research, events, and activities from the school.
LinkedIn Community Access: Join the Executive Education LinkedIn group for networking and professional development opportunities.
Educational Discounts: Enjoy a 20% discount on open-enrollment programs and access to workshops focused on emerging trends.
Global Alumni Network: Connect with a diverse alumni community through the Berkeley School’s online network and engage in country and interest groups.

Is It Worth the Investment?

AML Compliance Officers: Average Salary: $60,000 - $90,000 per year. Senior-Level Salary: In managerial or director roles, the salary can range from $100,000 - $130,000 per year in Anti Money Laundering roles in New York, USA.

AML Managers/AML Compliance Managers: Average Salary: $85,000 - $115,000 per year. Senior-Level Salary: Senior AML Managers, or those heading compliance departments, can earn $120,000 - $150,000 or more, depending on their experience and location, including opportunities in New York, USA.

AML Risk Managers: Average Salary: $80,000 - $120,000 per year. Senior-Level Salary: Senior AML Risk Managers can earn upwards of $130,000 - $160,000+ annually, especially in large financial institutions operating in New York, USA.

AML Investigators: Average Salary: $60,000 - $90,000 per year. Senior Investigator/Analyst: Experienced investigators in senior roles can earn between $95,000 - $120,000 in Anti Money Laundering roles in New York, USA.

Compliance Directors/Head of AML: Average Salary: $120,000 - $180,000 per year. For more experienced professionals or those at large organizations, salaries can exceed $200,000 annually in New York, USA.

AML Consultants: Average Salary: $90,000 - $150,000 per year (depending on whether they work for a consulting firm or independently). Consultants who specialize in high-demand sectors or have significant experience can earn $160,000 - $250,000+ in Anti Money Laundering roles in New York, USA.

Financial Crimes Enforcement & Investigation Roles: Average Salary: $75,000 - $110,000 per year. Senior Law Enforcement Professionals: Senior roles such as AML investigators at enforcement agencies can have salaries ranging from $120,000 to $150,000 per year, including opportunities in New York, USA.

What you earn

You will get a certificate of completion, which is highly reputed and accepted by employers in New York, USA and globally.

Increased Job Opportunities

The CAMS certification opens up opportunities for higher-level positions in compliance, risk management, and financial crime prevention across industries in New York, USA.

Global Recognition

AML is a global issue, and the demand for compliance professionals is not limited to one region or country, including strong demand in New York, USA.

Career Advancement

Holding a CAMS certification positions you as an expert in the field of AML, often leading to faster career advancement. Professionals with CAMS are often considered for higher-level roles such as AML Manager, Compliance Director, Risk Officer, or Head of Compliance in New York, USA.

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