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ACAMS CAMS7 Exam Syllabus Topics:

Section	Weight	Objectives
Topic 1: Building and Managing Anti-Financial Crime Compliance Programs	28%	- Training, awareness and internal communication - Program framework and policies 1. Risk assessment and risk-based approach 2. Policies, procedures and controls design - Customer due diligence and know-your-customer 1. CDD, EDD, beneficial ownership identification 2. politically exposed persons and high-risk clients - Audit, testing and continuous improvement - Monitoring, reporting and record keeping 1. Suspicious activity reporting (SAR/STR) 2. Transaction monitoring and alert management 3. Legal record retention requirements
Topic 2: Understanding Risks and Methods of Financial Crime	26%	- Terrorism financing and proliferation financing 1. Distinctions from money laundering 2. Sources and mechanisms - Sanctions regimes and compliance risks 1. UN, EU, OFAC frameworks 2. Risk identification and mitigation - Money laundering stages and techniques 1. Methods across financial sectors and businesses 2. Placement, layering, integration - Financial crime risks and consequences 1. Institutional, individual, economic and social impacts
Topic 3: Global Anti-Financial Crime Frameworks, Governance and Regulations	24%	- International standards and bodies 1. FATF 40 Recommendations 2. Basel Committee, Wolfsberg Group, UN conventions - Regional and national regulations 1. EU AML Directives 2. USA PATRIOT Act and extraterritorial laws - Governance, accountability and ethics 1. Roles of board, senior management and compliance function 2. Ethical obligations and professional standards
Topic 4: Tools, Technologies and Investigations	22%	- Investigation processes and evidence handling 1. Cooperation with authorities and information sharing 2. Case management and escalation - Remediation and response 1. Corrective actions and regulatory engagement - Technology and systems 1. Monitoring systems, screening tools, data analytics 2. Cryptoasset and virtual asset compliance

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ACAMS Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) Sample Questions (Q124-Q129):

NEW QUESTION # 124
Which suspicious activity may be the strongest indicator of money laundering through a casino?

A. A patron routinely places multiple bets on the same sporting events
B. A patron purchases a large amount of chips at a blackjack table using cash
C. A privately held company originates funds transfers through the casino into the betting accounts of multiple patrons
D. A patron requests the casino to transfer their winnings to another gambling operator

Answer: C

NEW QUESTION # 125
Which of the following is a benefit of public-private partnerships (PPP)?

A. Ensuring understanding of politically exposed persons (PEPs)
B. Obtaining salaries in the financial industry
C. Rapid exchange of information on risks and high-risk activities or persons
D. Sourcing of key resources

Answer: C

Explanation:
Public-private partnerships (PPPs) are a key component of modern AML/CFT frameworks and are strongly encouraged by FATF and national regulators. Their primary benefit lies in enhancing timely and effective information sharing between financial institutions, regulators, law enforcement, and financial intelligence units (FIUs).
Through PPPs, authorities can share typologies, red flags, and emerging threat intelligence, while private institutions contribute operational insights derived from real transaction data. This rapid exchange of information on risks, high-risk activities, and suspicious actors significantly improves the detection and prevention of money laundering and terrorist financing.
PPPs do not exist to source staffing resources, provide salaries, or ensure basic understanding of regulatory concepts such as PEPs, which are already addressed through standard AML requirements. Their true value is the speed, quality, and relevance of shared intelligence, allowing participants to respond more effectively to evolving financial crime threats.

NEW QUESTION # 126
What is the PRIMARY purpose of sanctions screening systems?

A. Identify prohibited individuals, entities, or transactions
B. Increase customer marketing opportunities
C. Replace customer onboarding entirely
D. Reduce payment processing speed

Answer: A

Explanation:
Sanctions screening systems help institutions identify customers, counterparties, or transactions involving sanctioned individuals, organizations, or jurisdictions. Effective screening supports compliance with international sanctions regimes and reduces the risk of facilitating prohibited financial activity.

NEW QUESTION # 127
A financial institution is designing an enterprise-wide risk assessment (EWRA). According to the guidance issued by the Wolfsberg Group regarding a risk-based approach to identifying and managing money laundering risks, an effective approach should:

A. Focus on the inherent risk in the FI's product and service offerings and the controls to mitigate potential money laundering risks.
B. Include appropriate measures and controls to mitigate money laundering risks stemming from higher-risk customers, products, and geographies.
C. Focus on understanding the risks presented by new clients within the assessment period, and the controls to mitigate associated money laundering risks.
D. Use a framework provided by a third-party vendor and used by other FIs in the jurisdiction.

Answer: B

NEW QUESTION # 128
Which of the following measures can help maintain the independence of BSA/AML compliance staff to ensure effective compliance controls?

A. Ensuring BSA/AML compliance staff is primarily outsourced
B. Establishing BSA/AML compliance staff reporting to the management of the business line in the first line of defense
C. Providing BSA/AML compliance staff a reporting line to compliance or other second line of defense internal control function
D. Providing BSA/AML compliance staff with a reporting line to the chief financial officer

Answer: C

Explanation:
BSA/AML compliance staff should report to the compliance function or another second line of defense internal control function to maintain independence from business line management, ensuring objective oversight and effective compliance controls.

NEW QUESTION # 129
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