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CAMS6-SG (IBF Level 2) Program

Overview

CAMS6-SG (IBF Level 2) Program is specifically for citizens and permanent residents of Singapore. This program is accredited by The Institute of Banking and Finance Singapore (IBF), and classified as IBF-STS Level 2. If the candidate fulfills all eligibility requirements and completes the program, they will be eligible for the IBF-STS Funding up to 90%.

CAMS6-SG (IBF Level 2) Program covers two modules:

  • CAMS Examination (6th Edition, English Version). Click here to find out more about the CAMS Examination.
  • ACAMS Singapore AML Regime Examination focuses on Singapore’s anti-money laundering regulations, MAS 626 as well as AML-related industry guidelines, outlined by the Monetary Authority of Singapore. See more details below.

Other candidates are also welcome to enroll in both exams for professional development. For more information, please contact apac@acams.org.

Pricing

ACAMS Members

$1,990.00

Non-Members

$1,990.00

 


Candidate must have active ACAMS membership to register for CAMS6-SG (IBF Level 2) Program

Above program fees include Self-Study CAMS Package and ACAMS Singapore AML Regime Exam.

ACAMS Singapore AML Regime Exam

This exam focuses on Singapore MAS Notice 626 and Associated Singapore AML Regulations, as well as AML-related industry guidelines from the Monetary Authority of Singapore. You can also visit www.mas.gov.sg to prepare for the exam.


Upon registration and payment for the CAMS6-SG (IBF-STS Level 2) Program Package, you will be provided with the following on the ACAMS LMS Platform.


1) CAMS6 Study Guide


2) Singapore AML Regime Study Guide

  •  

    The exam is conducted in English, with a duration of 45 minutes.

     

    Once you have passed, an e-Certificate will be sent to you within two weeks. No hard copy will be provided. You will also be able to earn four ACAMS Credits for your CAMS recertification. 

    Eligibility of Funding

    IBF-STS Funding

    In order to apply for the IBF-STS Funding, applicants MUST be Singapore Citizens or Permanent Residents and pass both modules: CAMS Exam (6th Edition, English Version) & ACAMS Singapore AML Regime Exam. Eligible applicants can get the IBF-STS Funding as below 1:

     

    • Singapore Citizen (40 years old and above)     90% IBF-STS Funding
    • Singapore Citizen (Under 40 years old)              70% IBF-STS Funding
    • Singapore Permanent Residents                           70% IBF-STS Funding

     


     

    MAS has announced an Enhanced Funding Support for IBF-STS on 8th April 2020 to support workforce training during the economic contraction caused by COVID-19.

     


     

     

    Non-Company Sponsored Candidates (Enhanced Funding)
    Effective Date
    • Attempted first exam2 from 08th April 2020 to 31st December 2020
    • Passed both exams no later than 31st March 2021
    • Attempted first exam2 from 08th April 2020 to 30th June 2021
    • Passed both exams no later than 30th September 2021
    • Attempted first exam2 from 08th April 2020 to 31st December 2021
    • Passed both exams no later than 31st March 2022
    • Attempted first exam2 from 01st January 2022 to 30th June 2022
    • Passed both exams no later than 30th September 2022
    Funding Quantum
    95% of training costs3 (90% + 5% IBF Credit) 95% of training costs3 (90% + 5% IBF Credit) 90% of training costs3
    • 80% of training costs3 for Singapore Citizens below 40 years old and all Permanent Residents
    • 90% of training costs3 for Singapore Citizens aged 40 years old and above
    Training Allowance Grant4(TAG)
    Applicable Not Applicable Not Applicable Not Applicable
    Eligibility
    Singapore Citizen / Permanent Resident
    Claim Submission Deadline
    Within 1 month from course completion. However, candidates are required to submit the IBF-STS Funding Application Form to ACAMS for processing within 1 week of passing both exams. ACAMS will submit to IBF on behalf of candidates.

     

    Company-Sponsored Candidates (Enhanced Funding)
    Effective Date
    • Attempted first exam2 from 08th April 2020 to 30th June 2021
    • Passed both exams no later than 30th September 2021
    • Attempted first exam2 from 08th April 2020 to 31st December 2021
    • Passed both exams no later than 31st March 2022
    • Attempted first exam2 from 01st January 2022 to 30th June 2022
    • Passed both exams no later than 30th September 2022
    Funding Quantum
    95% of training costs3 (90% + 5% IBF Credit) 90% of training costs3
    • 80% of training costs3 for Singapore Citizens below 40 years old and all Permanent Residents
    • 90% of training costs3 for Singapore Citizens aged 40 years old and above
    Training Allowance Grant4(TAG)
    Applicable Applicable Applicable
    Eligibility
    Singapore Citizen / Permanent Resident

    Note:

    1. Applicant who passed first exam after 21st April 2017 and before 08th April 2020

    2. Applicant who scheduled and took first exam, regardless of pass/fail

    3. CAMS6-SG Program – includes CAMS Certification Package and Singapore AML Regime Exam

    4. ACAMS is exam based. Claimable duration is 4 hours.

     

    IBF-STS Funding Application

    Once an eligible candidate has completed and passed the CAMS6-SG (IBF Level 2) Program, they can apply for IBF-STS Funding.

     

    For Company-sponsored candidates: The candidate’s company is responsible for claims submissions to IBF via their company’s login access on the IBF portal.

     

    For Non-company-sponsored candidates: Candidates are to submit the funding application form and copy of NRIC to ACAMS within 1 week from passing both exams (CAMS and Singapore AML Regime) for processing. ACAMS will submit the claims on behalf of candidates. For further assistance, please email to apac@acams.org.

     

    For Enhanced Funding Support (attempted first exam on or after 08th April 2020), ACAMS will be required to submit the claim application to IBF within 1 month from the candidate’s second exam pass date. As such, for any late submission by candidates, an appeal letter will need to be submitted to ACAMS for it to be submitted to IBF on the candidate’s behalf. Please note that all application and appeal are subject to be reviewed and approved by IBF.

     

    The usual disbursement timeline for Non-company sponsored funding application is approximately four to six months.

    About IBF

    The Institute of Banking and Finance Singapore (IBF) was established in 1974 as a not-for-profit industry association to foster and develop the professional competencies of the financial sector. IBF represents the interests of close to 200 member financial institutions including banks, insurance companies, securities brokerages, and asset management firms.

     

    In partnership with the financial industry and training providers, IBF is dedicated to empowering members, promoting a high standard of excellence, and supporting the growth of the Asian financial industry –working hand-in-hand with both individual members and the industry at large.

     

     

    About IBF-STS

    Under the IBF Standards Training Scheme (IBF-STS), an IBF-accredited program is eligible for funding, subject to individual criteria.

     

    IBF-STS provides up to 90% funding for direct training costs subject to a cap of SGD7,000 per candidate per program, provided all eligibility criteria are met.

     

    For more information on funding, IBF Certification and Continuing Professional Development (CPD) requirements, please visit www.ibf.org.sg.

     

     

    About IBF Certification

    A practitioner with IBFQ certification status is an experienced practitioner who has acquired applied knowledge and complex analytical skills for specialist or supervisory function. An IBF-certified practitioner is one who epitomizes the values of professional excellence, integrity, and a strong commitment to industry development.

     

    CAMS6-SG Program is classified under IBF-STS Level 2. Practitioner who successfully complete the program and meet the relevant criteria may apply for IBF Qualified (IBFQ) or IBF Advanced (IBFA). You may apply via https://www.ibf.org.sg/certification/Pages/Why-be-Certified.aspx

     

    To find out more about IBF certification and the application process, please visit https://www.ibf.org.sg/certification/Pages/Why-be-Certified.aspx