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ACAMS CAMS Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: AML/CFT Investigations and Enforcement23%- AML/CFT Investigation Process
  • 1. Interviewing Witnesses and Subjects
  • 2. Investigation Techniques and Evidence Gathering
  • 3. Sources of Information and Open-Source Intelligence
- Enforcement Actions and Penalties
  • 1. Civil and Criminal Penalties
  • 2. Asset Freezing, Seizure, and Forfeiture
  • 3. Extradition and Mutual Legal Assistance
- Cooperation and Information Sharing
  • 1. Public-Private Partnerships
  • 2. Law Enforcement and Regulatory Cooperation
Topic 2: Compliance Standards for Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT)25%- AML/CFT International Standards
  • 1. Wolfsberg Group Principles
  • 2. United Nations (UN) Sanctions and Conventions
  • 3. Financial Action Task Force (FATF) Standards and Guidance
- AML/CFT Compliance Program Designation
  • 1. Components of an Effective AML/CFT Program
  • 2. Risk-Based Approach Implementation
  • 3. Board and Senior Management Oversight
- AML/CFT Regulatory Bodies and Guidance
  • 1. Financial Intelligence Units (FIUs)
  • 2. Regulatory Expectations and Enforcement Actions
Topic 3: Money Laundering Risks and Methods26%- Payment Systems and Money Laundering Methods
  • 1. Digital Currencies and Virtual Assets
  • 2. Correspondent Banking and Wire Transfers
  • 3. Trade-Based Money Laundering
- Money Laundering and Terrorist Financing Risks
  • 1. Politically Exposed Persons (PEPs)
  • 2. Jurisdictional Risks (High-Risk and Non-Cooperative Countries)
  • 3. Risk Assessment Concepts and Methodologies
- Nature of Money Laundering, Terrorist Financing, and Threat Finance
  • 1. Threat Finance and Terrorist Financing
  • 2. Characteristics and Methods of Money Laundering
  • 3. Differences between Money Laundering and Terrorist Financing
Topic 4: AML/CFT Compliance Program26%- Ongoing Monitoring and Reporting
  • 1. Transaction Monitoring Systems
  • 2. Currency Transaction Reporting (CTRs)
  • 3. Suspicious Activity Reporting (SARs)
- Record Keeping and Information Sharing
  • 1. Information Sharing Arrangements (e.g., Section 314(b))
  • 2. Confidentiality and Data Protection
- Customer Identification Program (CIP) and Customer Due Diligence (CDD)
  • 1. Customer Identification and Verification Procedures
  • 2. Beneficial Ownership Identification
  • 3. Enhanced Due Diligence (EDD)

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ACAMS Certified Anti-Money Laundering Specialists (the 6th edition) Sample Questions (Q302-Q307):

NEW QUESTION # 302
An employee hears a colleague on the telephone with a customer giving advice on how to ensure that a suspicious transaction report will not be filed as a result of a future transaction.
What action should the employee take?

Answer: B

Explanation:
According to the Anti-Money Laundering Specialist (the 6th edition) resources, the employee should report the conversation to the compliance officer because the colleague is engaging in tipping off, which is a serious violation of anti-money laundering laws and regulations. Tipping off is the act of informing a person or entity that they are the subject of a suspicious transaction report or an investigation, or providing any information that may compromise or impede the investigation. Tipping off can result in criminal penalties, civil liabilities, and disciplinary actions for the individual and the institution. Therefore, the employee has a duty to report the colleague's misconduct to the compliance officer, who is responsible for ensuring compliance with the anti- money laundering policies and procedures, and taking appropriate corrective actions.
:
CAMS Certification Package - 6th Edition | ACAMS, Chapter 3: Compliance Standards for Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT), page 97 CAMS Certifications: How to Get CAMS Certified | ACAMS, CAMS Examination Preparation, page 8 ACAMS CAMS Certification Video Training Course - Exam-Labs, Module 3: Compliance Standards for Anti-Money Laundering and Combating the Financing of Terrorism, video 3.4: Tipping Off and Confidentiality Exam CAMS: Certified Anti-Money Laundering Specialist (the 6th edition), Question 8, Answer B


NEW QUESTION # 303
the Financing of Terrorism (CFT)]
Which three areas do FATF's 40 recommendations cover? Choose 3 answers

Answer: B,C,D

Explanation:
The 40 Recommendations provide a complete set of countermeasures against money laundering and terrorist financing, covering
* the identification of risks and development of appropriate policies;
* the criminal justice system and law enforcement;
* the financial system and its regulation;
* the transparency of legal persons and arrangements; and
* international cooperation.


NEW QUESTION # 304
Which step should financial institutions take when complying with sanctions requirements?

Answer: C

Explanation:
Sanctions compliance is mandatory for financial institutions (FIs) to prevent transactions with sanctioned individuals, entities, and countries.
Option A (Correct): Automatic sanctions screening is essential for detecting and blocking transactions involving sanctioned individuals or entities.
Option B (Incorrect): If a customer is sanctioned, their transactions must be frozen immediately, not just monitored.
Option C (Incorrect): EDD is not relevant for prohibited entities-sanctions require immediate asset freezing.
Option D (Incorrect): Funds must be frozen immediately, without waiting for board approval.
Best Practices for Sanctions Compliance:
Use automated screening tools to detect sanctioned entities.
Immediately block and report prohibited transactions.
Regularly update sanctions screening lists (e.g., OFAC, UN, EU).
Reference:
FATF Recommendation 6 (Targeted Financial Sanctions Compliance)
OFAC Sanctions Guidelines (U.S. Treasury)
EU Sanctions Regulation on AML Compliance


NEW QUESTION # 305
In reviewing recent activity, a compliance officer for a money transmitter that several customers are each remitting the same amount of money but much more frequently.
How should the institution respond?

Answer: C

Explanation:
Explanation
"The decision of whether or not to file a suspicious transaction report (also known as a suspicious activity report or SAR in the United States) often involves weighing the aggravating and mitigating factors arising from the research conducted during the investigative process. Financial institutions should draft procedures that document the factors to consider when determining whether a suspicious transaction report (STR) is appropriate."


NEW QUESTION # 306
According to the Financial Action Task Force 40 Recommendations, to fulfill identification requirements concerning legal entities, financial institutions should take measures to verify

Answer: A


NEW QUESTION # 307
......

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