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ACAMS CAMS7 Exam Syllabus Topics:

Section	Weight	Objectives
Tools, Technologies and Investigations	22%	- Remediation and response 1. Corrective actions and regulatory engagement - Investigation processes and evidence handling 1. Cooperation with authorities and information sharing 2. Case management and escalation - Technology and systems 1. Monitoring systems, screening tools, data analytics 2. Cryptoasset and virtual asset compliance
Understanding Risks and Methods of Financial Crime	26%	- Sanctions regimes and compliance risks 1. UN, EU, OFAC frameworks 2. Risk identification and mitigation - Terrorism financing and proliferation financing 1. Distinctions from money laundering 2. Sources and mechanisms - 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
Global Anti-Financial Crime Frameworks, Governance and Regulations	24%	- 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 - International standards and bodies 1. Basel Committee, Wolfsberg Group, UN conventions 2. FATF 40 Recommendations
Building and Managing Anti-Financial Crime Compliance Programs	28%	- Training, awareness and internal communication - Customer due diligence and know-your-customer 1. CDD, EDD, beneficial ownership identification 2. politically exposed persons and high-risk clients - Program framework and policies 1. Policies, procedures and controls design 2. Risk assessment and risk-based approach - 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

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ACAMS Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) Sample Questions (Q431-Q436):

NEW QUESTION # 431
The degree of attraction that a company holds to criminal organizations is influenced by the (Select Two.)

A. amount of annual fees associated with the jurisdiction.
B. permissibility of bearer shares.
C. rules governing the disclosure of beneficial ownership by the jurisdiction.
D. ease of travel to the jurisdiction.

Answer: B,C

Explanation:
The susceptibility of a company or jurisdiction to ML/TF abuse is significantly increased by:
Permissibility of bearer shares (B):"Bearer shares make it easy to hide ownership and control, presenting a major risk for misuse by criminals." Rules governing the disclosure of beneficial ownership by the jurisdiction (C):"Weak requirements or loopholes in beneficial ownership disclosure are frequently exploited to conceal criminal involvement in corporate structures."

NEW QUESTION # 432
A compliance officer is completing a case and has determined that the events do not merit filing a suspicious activity report (SAR). Which of the following should be included in the case notes to justify not filing a SAR? (Choose two.)

A. How much money was involved in the case
B. How the money flowed through the institution
C. When the unusual activity occurred
D. Who made the decision not to file the SAR
E. Why the officer deemed that the case did not merit filing a SAR

Answer: D,E

Explanation:
Case notes should document who made the decision and the rationale for not filing the SAR to ensure transparency, support auditability, and demonstrate compliance with regulatory expectations.

NEW QUESTION # 433
A bank is completing a periodic KYC profile review for a customer that is a small digital marketing company based in New York City. Which of the following would be a red flag?

A. The account activity includes deposits made in multiple branches around New York City into the same account.
B. The account activity includes deposit activity into both savings and checking accounts
C. The account activity includes frequent purchases of tickets to industry conferences and other events.
D. The account activity includes incoming funds transfers at irregular intervals from small businesses located in New York

Answer: A

NEW QUESTION # 434
During a routine periodic KYC refresh of a policyholder and client of an insurance company, updated business registry documentation has highlighted that the policyholder's business has changed addresses five times during the last year and that the ultimate beneficial owner (UBO) changed two weeks ago.
What actions should be taken immediately?

A. File a suspicious transaction report because the insurance company was not made aware of the business' change of UBO
B. Investigate the changes of address and change of UBO and in the meantime freeze the client's policy
C. Request the relationship manager set up a meeting with the policyholder to update their address and submit details of the new UBO in the name of good customer service
D. Investigate the changes of address and change of UBO and in the meantime decline payment and withdrawal instructions from the policy until completion of the investigation and next steps are agreed upon

Answer: D

Explanation:
The combination of frequent address changes and a recent change in the ultimate beneficial owner raises potential red flags that warrant immediate investigation. To mitigate risk, the insurance company should investigate these changes and temporarily decline any payment or withdrawal instructions until the review is complete and appropriate steps are agreed upon. This ensures both regulatory compliance and protection against potential misuse of the policy.

NEW QUESTION # 435
Which risks inherent to real estate sector carry the highest AML/CFT risk? (Select Two.)

A. Use of cash to purchase property
B. Use of a company for the purchase of property
C. Use of a registered trust for the purchase of property
D. Manipulation of the value of a property
E. Unlicensed real estate agents acting as front companies

Answer: A,B

Explanation:
Real estate ML/TF risk is highest where transparency is low or the origin of funds is obscured:
Use of cash to purchase property (A):"All-cash transactions in real estate present a high ML risk, as they bypass traditional financial scrutiny and facilitate the placement of illicit funds."(CAMS 6th Edition, Real Estate Money Laundering Risks) Use of a company for the purchase of property (D):"Purchasing property through companies, especially shell companies, can conceal the beneficial owner and the true source of funds."(CAMS 6th Edition, Real Estate ML/TF Risks; FATF, Real Estate Sector) Incorrect Options:
B: Unlicensed agents may be risky, but the core risks are A and D.
C: Trusts may add complexity but are less common/high-risk than company structures.
E: Value manipulation is risky but less so than the above.
References:
CAMS 6th Edition, ML/TF Risks in Real Estate
FATF, Money Laundering and Terrorist Financing through the Real Estate Sector

NEW QUESTION # 436
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