Certification candidates become eligible to take the CFCS certification exam after they register with ACFCS. They must also submit certain required documentation and have 90 days to submit the supporting documentation after completing and passing the CFCS examination.
After registering for the CFCS credential, candidates have one year to sit for the examination.
The following documentation is required to become eligible for the ACFCS certification:
- Two professional references with contact information and an explanation of their relationship to you.
- Documentation establishing that the candidate has earned at least 40 CFCS credits in financial crime and related fields through experience, education, training and professional certifications. The following table explains the eligible categories for CFCS credits. Candidates must document these credits before they can earn the CFCS certification.
- Professional experience (Maximum 20 credits allowed)
Calculate the percentage of time spent on financial crime and related activities in the three (3) consecutive years prior to submission of the CFCS application. Multiply this percentage by 20 credits (% Time Spent on Financial Crime x 20). This is documented by listing your employer and previous employers along with your job tasks.
- Education (Maximum 15 credits allowed)
Choose one degree. They are not cumulative and may be documented by either taking a picture of your degree or submitting your transcripts.
||High school or GED equivalent
||Associate degree or equivalent
||Bachelor’s degree or equivalent
||Post-graduate or Juris Doctor degree
- Training (Maximum 25 credits allowed)ACFCS and other training, including conferences, web seminars, live training, panels, e-learning, internal training, and other education and training, which may be provided by others, may be used for CFCS credits. Only training related to financial crime, anti-money laundering, fraud, corruption, risk management, investigation, compliance, prosecution or regulation may be used for CFCS credits. You must document training credits by either presenting a certificate of attendance for the particular event, including the date and length of the course in hours, or by naming the course, instructor, location, date and time. Internal training should be documented in the same fashion with the signature of the supervisor who conducted the training.
- One CFCS credit is equivalent to 60 minutes of continuous training at one event.
- Only training in the past three (3) consecutive years prior to submission of the CFCS certification application will be considered.
- Five (5) credits are allowed for a maximum of two (2) professional certifications that are related or relevant to financial crime.