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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 gatekeepers - Financial Crime Risks related to real estate - Financial Crime Risks related to gaming and gambling - Financial Crime Risks related to insurance products - Financial Crime Risks related to products within other financial sectors - Financial Crime Risks related to VASPs, cryptoassets, and related products - Financial Crime Risks related to Politically Exposed Persons (PEPs) and high-risk customers - Financial Crime Risks related to trusts and company service providers - Financial Crime Risks related to MSBs, PSPs, and ecommerce platforms
Topic 4: Building an AFC Compliance Program

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Updated ACAMS CAMS7 Exam Questions with Accurate Answers in PDF

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ACAMS Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) Sample Questions (Q401-Q406):

NEW QUESTION # 401
Which of the following accurately describes the economic, reputational and social consequences of money laundering (ML) and the risks and consequences of violating AFC regulations? (Choose two.)

A. When a financial institution (FI) is found to be promoting ML or violating AFC regulations, this can lead to a loss of confidence in the institution and a loss of customers. Interestingly, this scenario might sidestep any legal consequences for the Fl.
B. ML undermines the integrity and stability of financial systems and makes them vulnerable to illegal activity. This can erode investor confidence and hinder economic growth.
C. Jurisdictions perceived as having insufficient ML measures might be identified as uncooperative or high-risk, potentially facing restricted access to international markets, though economic sanctions by other countries are an unlikely outcome.
D. When laundered funds flow into legitimate economies, they can be used for illegal purposes, such as funding terrorist activities or organized crime. This distorts resource allocation and undermines development.

Answer: B,D

Explanation:
Money laundering corrodes financial-system integrity, eroding investor confidence and impeding sustainable economic growth.
Illicit funds entering legitimate economies can finance terrorism and organized crime, skew resource allocation, and stifle development.

NEW QUESTION # 402
Which of the following are part of a risk-based approach? (Choose three.)

A. Performing a comprehensive risk assessment to identify customer, transaction, and geographic risks
B. Determining detailed risk profiles for customers based on their activities and relationships
C. Choosing and applying effective controls that align with the identified risk levels
D. Focusing monitoring primarily on previously flagged customers while using standard controls for others
E. Allocating resources equally across all customer segments to ensure fairness

Answer: A,B,C

Explanation:
A risk-based approach involves conducting a comprehensive risk assessment, applying controls that match the identified risk levels, and creating detailed customer risk profiles to focus monitoring and resources where they are most needed to mitigate financial crime risks effectively.

NEW QUESTION # 403
A compliance officer is reviewing an institutional banking prospect proposal for a new foreign entity that is a multinational business but headquartered in a country where most businesses are state-owned.
Which risks should be prioritized in the review? (Choose two.)

A. Anti-bribery and corruption risk
B. Tax evasion
C. Politically exposed persons (PEPs)
D. Capital flight risk

Answer: A,C

Explanation:
The review should prioritize politically exposed persons (PEPs) risk, as state ownership increases the likelihood of political connections, and anti-bribery and corruption risk, since such environments may have higher exposure to corrupt practices and misuse of influence.

NEW QUESTION # 404
Which regulatory bodies cooperate when dealing with cross-border suspicious or unusual financial activity investigations?

A. Wolfsberg Groups
B. European Commissions
C. Financial Action Task Forces
D. Financial Intelligence Units

Answer: D

NEW QUESTION # 405
Which of the following are included in the 11 Immediate Outcomes outlined in the Financial Action Task Force (FATF) methodology for assessing technical compliance with the FATF Recommendations and the effectiveness of AML/CFT/CPF systems during mutual evaluations? (Select Three.)

A. Those convicted of money laundering offenses are denied access to basic banking services
B. International cooperation provides actionable information to use against criminals
C. Supervisors regulate financial institutions and non-bank financial institutions and their risk-based AML
/CFT programs
D. Financial intelligence information is collected by authorities and shared with the FATF for further investigation
E. Money laundering offenses are investigated and criminally prosecuted

Answer: B,C,E

NEW QUESTION # 406
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