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ACAMS CAMS7 Exam Syllabus Topics:

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

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ACAMS Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) Sample Questions (Q218-Q223):

NEW QUESTION # 218
When the Financial Action Task Force (FATF) places a jurisdiction on the list of "jurisdictions under increased monitoring," also known as the "grey list," the jurisdiction:

A. Accepts to participate in an off-cycle FATF mutual evaluation to be held within the next 12 months.
B. Poses a high money laundering, terrorist financing and proliferation financing risk and must be restricted from accessing the international financial system.
C. Must pay a fine to be removed from the list before the next FATF plenary.
D. Has committed to swiftly resolving the deficiencies identified in a FATF mutual evaluation.

Answer: D

NEW QUESTION # 219
When a financial institution (FI) is considering providing traditional banking services to a virtual asset service provider (VASP), consideration should be given to whether the FI: (Select Two.)

A. has a general understanding of virtual assets.
B. implements enhanced KYC measures.
C. consistently reviews transactions between fiat and virtual currencies.
D. owns virtual currencies itself.

Answer: A,B

Explanation:
A: FIs should ensure they have a general understanding of virtual assets and VASP operations to assess risks accurately.
C: Enhanced KYC measures are recommended for VASPs due to their higher ML/TF risk profile.
"FIs must understand the business model and risk of VASPs and apply enhanced due diligence as required by FATF and regulatory guidance."

NEW QUESTION # 220
Which key performance indicators (KPIs) should be considered in the context of ML/TF transaction monitoring? (Select Three.)

A. Number of days required to hire new staff
B. Average time to review an alert
C. Number of alerts raised for review or reporting
D. Number of transactions by top customers
E. Number of alerts by region

Answer: B,C,E

Explanation:
Key performance indicators (KPIs) are essential for evaluating the effectiveness and efficiency of transaction monitoring systems within an AML/CFT program. Regulators expect institutions to monitor how well their systems identify, prioritize, and resolve suspicious activity.
The number of alerts raised provides insight into system sensitivity and potential over- or under- alerting. Tracking alerts by region helps institutions identify geographic risk concentrations and emerging threats. The average time to review an alert measures operational efficiency and whether investigations are conducted promptly, as required by regulatory expectations.
Hiring timelines and transaction volumes by top customers are operational or business metrics and do not directly assess transaction monitoring effectiveness.

NEW QUESTION # 221
What are the roles of a government Financial Intelligence Unit (FIU)? (Select Three.)

A. Disseminate analysis of suspicious transaction and suspicious activity reports to foreign judicial systems to enhance their anti-money laundering and terrorist financing investigations and prosecutions
B. Receive reports of suspicious transactions and suspicious activities from reporting institutions or obliged institutions
C. Disseminate the analysis of suspicious transaction and suspicious activity reports to local law enforcement agencies and foreign FIUs to combat money laundering
D. Investigate and where appropriate prosecute all suspicious transaction and suspicious activity reports received from reporting institutions or obliged institutions
E. Analyze all suspicious transaction and suspicious activity reports received from reporting institutions or obliged institutions

Answer: B,C,E

NEW QUESTION # 222
An AML analyst discovers multiple accounts using the same phone number and address but under different names. What is the MOST likely concern?

A. Low credit quality only
B. Increased branch efficiency
C. Consumer preference changes
D. Synthetic identity or mule account activity

Answer: D

Explanation:
Shared contact information across unrelated accounts may indicate synthetic identities, account takeover schemes, or mule networks used for money laundering. Criminals often control multiple accounts to move funds rapidly while obscuring transaction trails. Institutions should investigate account relationships, transaction patterns, and onboarding documentation for inconsistencies.

NEW QUESTION # 223
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