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ACAMS CAMS7 Exam Syllabus Topics:

Section	Weight	Objectives
Topic 1: Global AFC Frameworks, Governance and Regulations		- AML Regulatory Framework (Elective options: Canada, EU, UK, USA)
Topic 2: Tools and Technologies to Fight Financial Crime
Topic 3: Understanding Risks and Methods of Financial Crime	30%	- Financial Crime Risks related to insurance products - Financial Crime Risks related to VASPs, cryptoassets, and related products - Financial Crime Risks related to trusts and company service providers - Financial Crime Risks related to real estate - Financial Crime Risks related to gaming and gambling - Financial Crime Risks related to MSBs, PSPs, and ecommerce platforms - Financial Crime Risks related to products within other financial sectors - Financial Crime Risks related to Politically Exposed Persons (PEPs) and high-risk customers - Financial Crime Risks related to gatekeepers
Topic 4: Building an AFC Compliance Program

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ACAMS Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) Sample Questions (Q86-Q91):

NEW QUESTION # 86
Which of the following businesses require enhanced or additional scenarios for identifying anomalous transactions? (Select Two.)

A. Companies operating hospitals and health-care services
B. Companies producing pharmaceutical products and medical devices, companies active in the mining industry
C. Companies operating retail shops countrywide
D. Companies operating in cash intense businesses subject to licensing requirement
E. Companies operating in cash intense businesses not subject to licensing requirement

Answer: D,E

NEW QUESTION # 87
Which payment type presents the highest financial crime risk?

A. A check returning a mortgage overpayment made in error
B. A bill payment made to a friend after splitting a dinner bill
C. A regular standing order to a high-interest savings account
D. A payment made to a mixer platform

Answer: D

NEW QUESTION # 88
Which activities would be considered money laundering red flags when reviewing the business operations of a money services business (MSB)? (Select Two.)

A. A customer completing frequent small-dollar international money transfers to their native country
B. A customer using multiple accounts under different names to conduct transactions
C. Cash-intensive businesses, such as convenience stores or restaurants, making large cash deposits
D. A customer exchanging foreign currency from a higher-risk jurisdiction for domestic currency under the reporting threshold
E. A customer being hesitant to provide beneficiary name or address information when sending international wire transfers

Answer: B,E

Explanation:
When reviewing business operations of a Money Services Business (MSB), it is critical to identify behaviors that indicate potential money laundering activity. TheCAMS Study Guide - 6th Editionoutlines severalred flagscommonly associated with MSBs.
Option Ais correct:
A customer beinghesitant to provide beneficiary information, such as the name or address, is a red flag. It may indicate attempts to hide the true purpose or recipient of the funds and could suggeststructuring or layering activity.
Option Dis correct:
A customer usingmultiple accounts under different namesto conduct transactions is a strong red flag. This could indicate efforts toobscure ownership, avoid detection, or conductsuspicious structuringbehavior to stay below reporting thresholds.
Option Bis incorrect:
While large cash deposits from cash-intensive businesses may require further review, they are not inherently suspicious unlessinconsistent with the nature of the business or transaction volume.
Option Cis incorrect:
Currency exchanges under the reporting threshold, even from high-risk jurisdictions, are not in themselves red flags unless they show a pattern ofstructuringor are part oflarger suspicious behavior.
Option Eis incorrect:
Frequent small-dollar transfers to a native country may benormal remittance behaviorand only become suspicious if tied to additional indicators such asstructuring or third-party involvement.
Reference: ACAMS CAMS Study Guide - 6th Edition, Chapter:Recognizing and Reporting Suspicious Activity- Section:Red Flags for Money Services Businesses

NEW QUESTION # 89
Trust and company service providers (TCSPs) should address money laundering risk by: (Select Three.)

A. Establishing procedures to document the basis on which the TCSP will act as a registered officer for the client and retaining records of that involvement
B. Requiring the client to complete and submit an AML risk self-assessment to the jurisdiction's Financial Intelligence Unit (FIU)
C. Gathering and recording information from clients to understand the purpose of the legal entity, as well as the identity of managers and ultimate beneficial owners
D. Considering what additional safeguards may be required when client instructions are given through another TCSP located in another jurisdiction
E. Establishing dual controls and quality assurance practices when processing transactions for the client
F. Conducting an onsite evaluation of the client to assess internal controls

Answer: A,C,D

Explanation:
Trust and company service providers (TCSPs) are classified as higher-risk entities under FATF guidance due to their role in forming and managing legal structures. As a result, TCSPs must implement robust AML controls to mitigate misuse for money laundering.
A key requirement is gathering and recording detailed client information, including the purpose of the legal entity and the identity of managers and ultimate beneficial owners (UBOs). This supports effective customer due diligence and transparency.
TCSPs must also apply additional safeguards when relying on instructions from another TCSP, particularly one located in a different jurisdiction. Reliance on intermediaries increases risk and requires enhanced scrutiny.
Additionally, TCSPs should document the basis on which they act as a registered officer and retain records of their involvement. This ensures accountability and traceability in line with record-keeping obligations.
Requiring clients to submit AML self-assessments to an FIU and conducting onsite evaluations are not standard or required practices under AML frameworks.

NEW QUESTION # 90
Which method could be used in the placement stage of money laundering in the real estate sector?

A. Using a registered trust to transfer ownership
B. Using cash to purchase property
C. Paying an invoice to a media company via online banking for property marketing
D. Bringing a property back to market quickly after purchasing it

Answer: B

Explanation:
Money laundering typically occurs in three stages: placement, layering, and integration. The placement stage involves introducing illicit funds into the financial system.
In the real estate sector, using cash to purchase property is a classic placement method. Cash payments allow criminals to inject large amounts of illicit proceeds directly into high-value assets, often bypassing traditional banking scrutiny.
Using trusts to transfer ownership and rapidly reselling property are more commonly associated with layering or integration, where ownership and transaction complexity is used to disguise the origin of funds. Paying routine invoices via online banking is consistent with legitimate business activity and does not represent placement.
Therefore, cash purchases of property most directly align with the placement stage of money laundering.

NEW QUESTION # 91
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