100% Pass Quiz 2026 CAMS7: Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) Accurate Latest Examprep

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ACAMS CAMS7 Exam Syllabus Topics:

Section	Weight	Objectives
Topic 1: 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. Cryptoasset and virtual asset compliance 2. Monitoring systems, screening tools, data analytics
Topic 2: Understanding Risks and Methods of Financial Crime	26%	- 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. Placement, layering, integration 2. Methods across financial sectors and businesses - Sanctions regimes and compliance risks 1. Risk identification and mitigation 2. UN, EU, OFAC frameworks
Topic 3: Building and Managing Anti-Financial Crime Compliance Programs	28%	- Audit, testing and continuous improvement - Monitoring, reporting and record keeping 1. Legal record retention requirements 2. Suspicious activity reporting (SAR/STR) 3. Transaction monitoring and alert management - Customer due diligence and know-your-customer 1. CDD, EDD, beneficial ownership identification 2. politically exposed persons and high-risk clients - Training, awareness and internal communication - Program framework and policies 1. Risk assessment and risk-based approach 2. Policies, procedures and controls design
Topic 4: Global Anti-Financial Crime Frameworks, Governance and Regulations	24%	- International standards and bodies 1. FATF 40 Recommendations 2. Basel Committee, Wolfsberg Group, UN conventions - 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

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ACAMS Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) Sample Questions (Q169-Q174):

NEW QUESTION # 169
Arecruitment manager in the human resources departmentof a bank hasshortlisted a candidate for the position of relationship manager in its private banking division.
Thebank's compliance policyrequiresproper background checksto protect againstfraud and money laundering risks.
Whichresourceswould bemost usefulfor identifying potential negative information regarding the shortlisted candidate? (Select Three.)

A. Personal references from close associates.
B. Internet and public media searches.
C. Criminal history searches.
D. Past employment records.
E. Personal resume.

Answer: B,C,D

Explanation:
Financial institutions must conduct thorough background checks on employees in sensitive roles (e.g., private banking) to mitigate fraud, insider trading, and money laundering risks.
Option A (Correct):Past employment records help verify work history and identify any red flags related to prior financial misconduct.
Option D (Correct):Internet and media searches reveal any negative press, regulatory issues, or connections to illicit activity.
Option E (Correct):Criminal history searches help screen for prior convictions related to financial crimes.

NEW QUESTION # 170
Criminals may misuse financial statements prepared by accountants to hide illicit assets. Which of the following scenarios poses the greatest risk of financial statement manipulation by criminals?

A. A lack of professional body oversight or required use of accounting and auditing standards in the country of incorporation of the entity
B. Incomplete records being provided during bookkeeping, making them difficult to audit
C. Accountants being used as intermediaries to introduce criminals to financial institutions
D. Criminals posing as individuals seeking financial advice to place assets out of reach to avoid future liabilities

Answer: A

Explanation:
A: The absence of professional oversight or accounting/auditing standards creates a high-risk environment for financial statement manipulation. Without external checks or mandated standards, criminals can more easily falsify statements to hide illicit assets.
"The lack of regulatory oversight and professional standards in accounting and auditing significantly increases the risk of manipulation and fraud in financial reporting."

NEW QUESTION # 171
Which of the following statements is true regarding Office of Foreign Assets Control (OFAC) sanctions? (Select Two.)

A. Blocked funds must be placed into an interest-bearing account on a financial institution's books
B. OFAC sanctions automatically expire after five years unless renewed by Congress
C. Sanctions can only be placed on certain individuals in foreign countries as designated by OFAC
D. Sanctions can be either comprehensive or selective using the blocking of assets and trade restrictions to accomplish foreign policy and national security goals

Answer: A,D

Explanation:
OFAC sanctions are a key element of the U.S. AML/CFT framework. According to the CAMS 6th Edition and OFAC regulations:
Blocked funds must be placed into an interest-bearing account on a financial institution's books (B):"Blocked property must be held in a separate interest-bearing account on the books of the U).S. financial institution." Sanctions can be either comprehensive or selective using the blocking of assets and trade restrictions (C):"OFAC administers both comprehensive and targeted (selective) sanctions programs to fulfill U.S. foreign policy and national security goals."

NEW QUESTION # 172
The transaction monitoring system of a bank generated an alert for a car wash client. After making large cash deposits, the client orders international wire transfers.
Which additional circumstances would make the case more suspicious?

A. The wire transfers are for different amounts but with the same beneficiary
B. The beneficiary of the wire transfer is a resident of a grey-list country
C. The beneficiary of the wire transfers is a foreign company whose shareholders and director are other companies
D. The beneficiary of the wire transfers is a resident of a foreign country bearing the same family name as the business owner

Answer: C

Explanation:
The suspicion increases when the beneficiary is a foreign company whose shareholders and director are other companies, as this can indicate the use of layered corporate structures to obscure the ultimate beneficial owner and conceal illicit fund flows.

NEW QUESTION # 173
A compliance officer at an international bank notices that several newly opened corporate accounts receive large incoming wire transfers from unrelated third parties and quickly transfer funds offshore. The beneficial owners are difficult to identify, and supporting invoices appear generic. What is the MOST appropriate initial action?

A. File a suspicious activity report without review
B. Ignore the activity until regulators request information
C. Conduct enhanced due diligence on the accounts
D. Close all related accounts immediately

Answer: C

Explanation:
Enhanced due diligence is appropriate because the activity includes multiple red flags such as rapid movement of funds, unclear beneficial ownership, and suspicious commercial documentation. Investigators should first gather additional information, review transactional behavior, and assess the legitimacy of the business relationship before determining whether a suspicious activity report should be filed or further action taken.

NEW QUESTION # 174
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