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ACAMS CAMS7 Exam Syllabus Topics:

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

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ACAMS Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) Sample Questions (Q114-Q119):

NEW QUESTION # 114
Which technologies are commonly used to help financial institutions (FIs) navigate privacy and data protection regulations while securely sharing client information with private third-party entities? (Choose two.)

A. Blockchain to ensure traceability and security in shared data transactions
B. Artificial intelligence (AI) to automating compliance processes like data anonymization and secure sharing
C. Data encryption to protect sensitive information from unauthorized access
D. Cloud storage solutions for efficient data handling and management
E. Privacy-enhancing technologies (PETs) to enable secure and privacy-compliant data sharing

Answer: C,E

Explanation:
Data encryption protects sensitive information from unauthorized access, while privacy-enhancing technologies (PETs) enable secure and compliant data sharing with third parties, helping financial institutions meet privacy and data protection regulations.

NEW QUESTION # 115
Financial Intelligence Units (FIUs) help to protect financial integrity by: (Select Two.)

A. Ensuring financial institutions maintain appropriate AML programs commensurate with their risk profiles
B. Receiving and analyzing Suspicious Activity Reports (SARs) to detect financial crime
C. Disseminating information on emerging trends related to money laundering and associated predicate offenses
D. Assisting financial institutions with designing products and services that lower residual money laundering risk

Answer: B,C

Explanation:
Financial Intelligence Units (FIUs) play a central role in national and international AML/CFT frameworks. According to FATF standards, FIUs are responsible for the receipt, analysis, and dissemination of financial intelligence related to suspected money laundering, terrorist financing, and predicate offenses.
One core function of an FIU is receiving and analyzing SARs submitted by financial institutions and other obliged entities. Through analysis of reported information, FIUs identify suspicious patterns, trends, and networks that may indicate financial crime.
Another key function is disseminating intelligence and typologies to competent authorities and, where appropriate, to the private sector. This includes sharing insights on emerging risks, new money laundering methods, and evolving threat trends, which enhances system-wide financial integrity.
FIUs do not design financial products for institutions, nor do they supervise AML programs--that responsibility lies with AML supervisory authorities. Their role is intelligence-focused rather than regulatory or commercial.

NEW QUESTION # 116
Which of the following conditions contribute to a politically exposed person (PEP) posing greater risk than a typical high-risk bank customer? (Select Two.)

A. PEPs may exploit embassy activities to conceal bribery and corruption transactions.
B. The family members and close associates of PEPs may be involved in illicit activities.
C. PEPs are granted unlimited credit and financial immunity under international banking regulations.
D. PEPs can have illegitimate fund sources but are legally protected from having their accounts closed for activities outside a bank's risk appetite.

Answer: A,B

Explanation:
PEPs are recognized by CAMS 6th Edition and FATF as posing elevated risk due to:
A). The family members and close associates of PEPs may be involved in illicit activities:"The risks extend beyond the PEP to family members and close associates, who may be used to conceal the movement of illicit funds." C). PEPs may exploit embassy activities to conceal bribery and corruption transactions:"PEPs may use their position or diplomatic privileges, such as embassy operations, to disguise or facilitate the movement of illicit funds."

NEW QUESTION # 117
A bank organized under foreign law and located outside of the US maintains a correspondent banking relationship with a US-based bank to handle financial transactions in US dollars for its clients. In compliance with the USA PATRIOT Act of 2001, all US banks and broker-dealers in securities must obtain a signed certification from all non-US foreign bank clients conducting business with them. What information does the USA PATRIOT Act of 2001 require the foreign bank to certify to the US bank? (Select Three.)

A. The foreign bank will not allow indirect use of the correspondent bank accounts by shell banks
B. The foreign bank will not allow indirect use of the correspondent bank accounts by Politically Exposed Persons (PEPs)
C. The jurisdictions in which the foreign bank maintains a physical presence
D. The ownership details of the foreign bank
E. The foreign bank's operations will be limited to the country of incorporation

Answer: A,C,D

NEW QUESTION # 118
A financial crimes risk appetite statement describes:

A. the purpose of an organization's financial crimes compliance program.
B. the level and type of risk the organization is willing to take to meet its objectives
C. how an organization determines its key risk and performance indicators.
D. how an organization defines Its risk-based approach.

Answer: B

NEW QUESTION # 119
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