Question 1

How many CAFS practice questions are there?

Accepted Answer

135 questions across 1 version, each with the correct answer and an explanation.

Question 2

Are there free CAFS sample questions?

Accepted Answer

Yes. 12 sample questions are free; 6 are open to everyone and the rest unlock with a free account.

Question 3

What does full access include?

Accepted Answer

Every CAFS question in study, timed and flashcard modes, explanations for each answer, and progress that saves so you can resume.

Question 4

What topics does CAFS cover?

Accepted Answer

Building a Fraud Risk Management Program (25%), Fraud Detection and Analytics (25%), Fraud Investigations (25%), Technologies to Combat Fraud (10%), Fraud Case Studies and Applied Knowledge (15%).

Question 5

What is the ACAMS CAFS certification?

Accepted Answer

The Certified Anti-Fraud Specialist (CAFS) is a specialist-level certification from ACAMS that validates a professional's expertise in detecting, investigating, and preventing fraud in financial institutions and non-bank financial institutions (NBFIs). It was launched in November 2024 and covers fraud risk management, detection analytics, investigation techniques, and anti-fraud technology.

Question 6

How many questions are on the CAFS exam and what is the passing score?

Accepted Answer

The CAFS exam consists of 100 questions (including unscored statistical questions) with a time limit of 175 minutes. The passing score is 75 out of 100. Questions are a mix of multiple choice (select one answer) and multiple select (select all that apply) formats.

Question 7

How much does the CAFS certification cost?

Accepted Answer

The CAFS certification package costs US$1,995 for private sector candidates and US$1,495 for public sector candidates. This includes the study guide, flashcards, five eLearning courses, practice exam, and the certification exam. An optional Virtual Classroom Series can be bundled for US$2,395 (private sector) or US$1,995 (public sector), saving up to US$195.

Question 8

What are the prerequisites for the CAFS exam?

Accepted Answer

Candidates must have an active ACAMS membership and present evidence of 40 eligibility credits. These credits can be earned through education, professional experience, and relevant training. The CAFS courses themselves provide 17 ACAMS credits, and the Virtual Classroom Series provides an additional 12 credits, which can be applied toward the eligibility requirement.

Question 9

What is the difference between CAMS and CAFS certifications?

Accepted Answer

CAMS (Certified Anti-Money Laundering Specialist) focuses on anti-money laundering and counter-terrorism financing, while CAFS (Certified Anti-Fraud Specialist) specifically targets fraud prevention, detection, and investigation in financial institutions. CAFS complements CAMS by adding specialized fraud expertise. Both are specialist-level ACAMS certifications requiring 40 eligibility credits.

Question 10

How long is the CAFS certification valid and what are recertification requirements?

Accepted Answer

The CAFS certification is valid for three years. To recertify, professionals must earn 30 recertification credits over the three-year period (minimum 15 from ACAMS training or events), maintain an active ACAMS membership, and pay a recertification fee (US$200 early bird, US$250 standard, or US$300 late).

Question 11

What topics are covered on the CAFS exam?

Accepted Answer

The CAFS exam covers four core topic areas: (1) Building a Fraud Risk Management Program, which addresses fraud definitions, risk frameworks, and prevention controls; (2) Fraud Detection and Analytics, covering data analytics, behavioral patterns, and detection models; (3) Fraud Investigations, including fraud typologies, evidence gathering, and investigation processes; and (4) Technologies to Combat Fraud, covering AI/ML, authentication, and technology integration.

Question 12

Can I take the CAFS exam online or only at a test center?

Accepted Answer

The CAFS exam can be taken either at an authorized Pearson VUE testing center or via online proctoring, providing flexibility to fit your schedule and location. Once your application is approved, you receive instructions by email to schedule your exam. You have six months from the date of purchase to take the exam.

Question 13

How many hours of study are recommended for the CAFS exam?

Accepted Answer

ACAMS estimates between 50 and 80 hours of preparation for the CAFS exam. The certification package includes five self-paced eLearning courses totaling approximately 16.5 hours of coursework, plus a study guide, flashcards, review questions, and a practice exam. An optional Virtual Classroom Series provides additional instructor-led preparation over four to six weeks.

Question 14

Does CAFS certification qualify me for other ACAMS certifications?

Accepted Answer

Yes. Upon completing CAFS, you will have earned 40 ACAMS credits, which makes you eligible to apply for CAMS, CGSS (Certified Global Sanctions Specialist), or CCAS (Certified Cryptoasset Anti-Financial Crime Specialist). However, you must achieve CAMS certification before you can pursue Advanced CAMS programs such as CAMS-RM, CAMS-FCI, or CAMS-Audit.

CAFSCertified Anti-Fraud Specialist practice test

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Practice CAFS in the simulator.

CAFS, by the numbers.

Everything about CAFS.

Exam information

What CAFS covers

How do I earn this certification?

How to study for this exam?

What's changed on this exam?

Who should take this exam?

Three ways to practise

Study mode

Timed mode

Flashcards

CAFS questions, answered

CAFSCertified Anti-Fraud Specialist practice test

Full access

Practice CAFS in the simulator.

CAFS, by the numbers.

Everything about CAFS.

Exam information

01Exam format175 min · 1005

02Registration$1,995 · Pearson VUE, online proctoring4

03Validity3 years1

04In our question bankv1 (135)

What CAFS covers

01Building a Fraud Risk Management Program25%4 topics

1.1Understanding Fraud and Its ConsequencesDefine fraud and discuss its consequences and related regulations5 obj.

1.2Fraud Risk Management FrameworkUnderstand the structure of a risk management framework4 obj.

1.3Fraud Prevention ControlsIdentify the controls, policies, procedures, tools, and processes needed to prevent and detect fraud3 obj.

1.4Fraud Response and RemediationDevelop, continuously improve, and implement a plan to respond to and remediate fraud3 obj.

Hands-on skills & common mistakesConducting fraud risk assessments · Confusing preventive controls with detective controls

02Fraud Detection and Analytics25%4 topics

03Fraud Investigations25%4 topics

04Technologies to Combat Fraud10%4 topics

05Fraud Case Studies and Applied Knowledge15%6 topics