Page 1 of 2 1 2
Thread Options
#1866041 - 10/29/13 04:47 PM ACAMS exam
CC Gem Offline
New Poster
Joined: Aug 2009
Posts: 11
Texas
I am studying for the exam and was wondering, for those who have taken it, any advice? Does the practice test in the study guide represent the actual questions? Anything you would focus on more or less? Any tricks or tools you found helpful.

Stressin' out here!
_________________________
"Today you are you, that is truer than true. There is no one alive who is youer than you." ~Dr. Suess

Return to Top
BSA/AML/CIP/OFAC Forum
#1866051 - 10/29/13 04:55 PM Re: ACAMS exam CC Gem
edAudit Offline
Power Poster
edAudit
Joined: Jul 2008
Posts: 4,761
You are here
Does the practice test in the study guide represent the actual questions? yes

If you are fully versed in US BSA study on the international part that is not part of your daily routine.
_________________________
Opinions can be considered as coming from anywhere but my employer.

CAMS


Return to Top
#1866075 - 10/29/13 05:42 PM Re: ACAMS exam CC Gem
MagicCity Offline

Power Poster
MagicCity
Joined: Apr 2003
Posts: 3,003
Fort Lauderdale, Florida
Know about FATF and their recommendations.

On the multiple choice questions, if you are not sure, do process of elimination.

Don't think too much on your personal opinion/experience on some of the Money Laundering questions... think more global.

Return to Top
#1866076 - 10/29/13 05:43 PM Re: ACAMS exam CC Gem
MagicCity Offline

Power Poster
MagicCity
Joined: Apr 2003
Posts: 3,003
Fort Lauderdale, Florida
..and Good Luck!
You'll do fine.

Return to Top
#1866082 - 10/29/13 05:55 PM Re: ACAMS exam CC Gem
CC Gem Offline
New Poster
Joined: Aug 2009
Posts: 11
Texas
Thanks! I have a feeling I am anticipating it being more difficult than it is. I took the practice test in the study guide and scored 98% so I am hoping it is similar.
_________________________
"Today you are you, that is truer than true. There is no one alive who is youer than you." ~Dr. Suess

Return to Top
#1866102 - 10/29/13 06:24 PM Re: ACAMS exam CC Gem
Liz O Offline
Junior Member
Joined: Dec 2012
Posts: 47
Boston, Massachusetts
I am also studying for the CAMS. Thanks for the tips, everyone!
_________________________
CAMS

*The postings on this site are my own and do not reflect the views of my employer.*

Return to Top
#1866199 - 10/29/13 08:05 PM Re: ACAMS exam CC Gem
NanaK Offline
Member
Joined: Aug 2013
Posts: 51
Near the water
Do any of you have any ammunition/back up that I could use to justify my bank agreeing to pay for the ACAMS? Or am I the lone ranger and every other bank out there is happy to pay for all sorts of training and certifications for its employees?

Return to Top
#1866216 - 10/29/13 08:12 PM Re: ACAMS exam CC Gem
Liz O Offline
Junior Member
Joined: Dec 2012
Posts: 47
Boston, Massachusetts
I put together a Powerpoint Presentation explaining what ACAMS was, the general benefits of ACAMS, the specific benefits to the Bank, specific benefits for analysts, how much it would cost, and how much other banks have paid in fines for not having adequate AML controls.

That worked for me. smile
_________________________
CAMS

*The postings on this site are my own and do not reflect the views of my employer.*

Return to Top
#1866217 - 10/29/13 08:12 PM Re: ACAMS exam CC Gem
edAudit Offline
Power Poster
edAudit
Joined: Jul 2008
Posts: 4,761
You are here
I would quote the four pillar of BSA.
_________________________
Opinions can be considered as coming from anywhere but my employer.

CAMS


Return to Top
#1866259 - 10/29/13 08:47 PM Re: ACAMS exam CC Gem
NanaK Offline
Member
Joined: Aug 2013
Posts: 51
Near the water
Thanks for the input.

Return to Top
#1866403 - 10/30/13 01:58 PM Re: ACAMS exam CC Gem
Big Dog Offline
Power Poster
Big Dog
Joined: Mar 2005
Posts: 2,659
Kennel
it is a small price to pay to prove to examiners that the bank is dedicated to BSA compliance and has adequately trained professionals performing the monitoring.

Personal experience is that the CAMS certificate in my office eliminates many regulator/auditor questions about my credentials for being the BSA Officer.
_________________________
CAMS, AMLP, AKC, K-9






Return to Top
#1866567 - 10/30/13 04:33 PM Re: ACAMS exam NanaK
ACBbank Online
Power Poster
ACBbank
Joined: Jul 2006
Posts: 4,134
New York City
Originally Posted By: NanaK
Do any of you have any ammunition/back up that I could use to justify my bank agreeing to pay for the ACAMS? Or am I the lone ranger and every other bank out there is happy to pay for all sorts of training and certifications for its employees?


Examiners love this certification. It's well known within the industry. ACAMS also offers some really good free and paid online courses.

Employers covering the cost for certifications which add value to the company is a standard business practice (At least, in NYC). If my employer wouldn't cover the cost, I wouldn't get the certification.
_________________________
"100 victories in 100 battles isnt the most skillful. Subduing the other's military w/o battle is the most skillful." Sun-Tzu

Return to Top
#1866748 - 10/30/13 07:41 PM Re: ACAMS exam CC Gem
CC Gem Offline
New Poster
Joined: Aug 2009
Posts: 11
Texas
I PASSED!!!!!
_________________________
"Today you are you, that is truer than true. There is no one alive who is youer than you." ~Dr. Suess

Return to Top
#1866955 - 10/31/13 01:45 PM Re: ACAMS exam CC Gem
E.E.G.B Offline
Power Poster
E.E.G.B
Joined: Jul 2002
Posts: 6,726
the sandy shore
Congratulations!!
_________________________
I disbelieved what he was saying so hard, I probably created an alternate universe where it wasn't true.

Return to Top
#1866976 - 10/31/13 02:12 PM Re: ACAMS exam CC Gem
bsa nerd Offline
New Poster
Joined: Dec 2010
Posts: 17
Congrats CC Gem!!

I take mine Dec 20th. smirk

Return to Top
#1866978 - 10/31/13 02:14 PM Re: ACAMS exam CC Gem
edAudit Offline
Power Poster
edAudit
Joined: Jul 2008
Posts: 4,761
You are here
Congrats welcome to the club
_________________________
Opinions can be considered as coming from anywhere but my employer.

CAMS


Return to Top
#1867372 - 10/31/13 09:23 PM Re: ACAMS exam CC Gem
Big Dog Offline
Power Poster
Big Dog
Joined: Mar 2005
Posts: 2,659
Kennel
There is a club? Does it serve booze?
_________________________
CAMS, AMLP, AKC, K-9






Return to Top
#1867373 - 10/31/13 09:25 PM Re: ACAMS exam Big Dog
edAudit Offline
Power Poster
edAudit
Joined: Jul 2008
Posts: 4,761
You are here
Originally Posted By: Big Dog
There is a club? Does it serve booze?


Yes that is what the regulators use on us. laugh
_________________________
Opinions can be considered as coming from anywhere but my employer.

CAMS


Return to Top
#1867407 - 11/01/13 12:12 PM Re: ACAMS exam CC Gem
Big Dog Offline
Power Poster
Big Dog
Joined: Mar 2005
Posts: 2,659
Kennel
shocked grin
_________________________
CAMS, AMLP, AKC, K-9






Return to Top
#1868513 - 11/05/13 06:33 PM Re: ACAMS exam CC Gem
CC Gem Offline
New Poster
Joined: Aug 2009
Posts: 11
Texas
Thanks everyone!
_________________________
"Today you are you, that is truer than true. There is no one alive who is youer than you." ~Dr. Suess

Return to Top
#1868606 - 11/05/13 09:18 PM Re: ACAMS exam CC Gem
Liz O Offline
Junior Member
Joined: Dec 2012
Posts: 47
Boston, Massachusetts
Any nuggets of wisdom for those of us studying, now that you have passed the exam, CC Gem? smile What to focus on in particular and whatnot?
_________________________
CAMS

*The postings on this site are my own and do not reflect the views of my employer.*

Return to Top
#1868613 - 11/05/13 09:31 PM Re: ACAMS exam CC Gem
tracytracy Offline
New Poster
Joined: Jun 2011
Posts: 17
I was easily making high 90 scores on my practice exams and found the test more difficult and nuanced than I expected. I passed just fine, but was glad I 'over-prepared'. No need to lose points on basic facts.

Return to Top
#1869262 - 11/07/13 03:14 PM Re: ACAMS exam CC Gem
BSA Chic Offline
Member
Joined: May 2004
Posts: 52
Louisiana
I found the same as tracytracy. I aced the practice exams and then the "real" test seemed much more difficult. Maybe it was the pressure of actually passing. I'm certain I was overthinking every question.

Return to Top
#1876381 - 12/05/13 06:18 PM Re: ACAMS exam CC Gem
daveabernethy Offline
New Poster
Joined: Dec 2013
Posts: 2
Hi guys,

I was wondering if you could tell me how long you studied for prior to taking the exam.

I understand it would vary between each person depending on what history you have in the field etc but would like to know the differing timelines.

Thanks

Return to Top
#1876846 - 12/06/13 07:55 PM Re: ACAMS exam CC Gem
Liz O Offline
Junior Member
Joined: Dec 2012
Posts: 47
Boston, Massachusetts
I am also curious. I have my test on the 21st and have always done horribly on multiple choice questions (due to overthinking).

Also, for those who have taken the test, would you say the time limit is more than enough?
_________________________
CAMS

*The postings on this site are my own and do not reflect the views of my employer.*

Return to Top
Page 1 of 2 1 2

Moderator:  Andy_Z