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ACAMS CAMS7 Exam Syllabus Topics:

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

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ACAMS Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) Sample Questions (Q445-Q450):

NEW QUESTION # 445
Which of the following activities are identified by the Financial Action Task Force (FATF) as being potentially indicative of money laundering through the real estate sector? (Select Four.)

A. Use of complex loans or credit finance
B. Use of mortgage products
C. Unexplained cash payments
D. Use of agricultural land in rural areas
E. Use of commercial properties inconsistent with stated business purposes
F. Use of corporate vehicles or complex ownership structures

Answer: A,C,E,F

Explanation:
The real estate sector is recognized by FATF as vulnerable to money laundering due to the high value of transactions and the ability to integrate illicit funds into legitimate assets.
Key red flags include the use of commercial properties in ways inconsistent with the declared business purpose, which may indicate the property is being used to park or disguise illicit funds rather than generate legitimate income.
The use of complex loans or credit financing arrangements can be employed to obscure the true source of funds and create artificial legitimacy. Similarly, corporate vehicles and complex ownership structures are frequently used to conceal beneficial ownership.
Unexplained cash payments are among the most common and serious indicators of money laundering in real estate transactions, particularly when inconsistent with the buyer's profile or local market practices.
The mere use of mortgages or agricultural land does not inherently indicate money laundering risk.

NEW QUESTION # 446
News published in Country A reports that a politically exposed person (PEP) had received a bribe from a transnational company headquartered in a developing country of approximately USS1.5 million deposited into on account at a financial institution (Fl> located in Country B Both countries are members of the Egmont Group The account where the money was deposited belongs to the PEP's immediate family member. To corroborate the facts, the PIU of Country A sent a formal request via secure communication channels for further information from its counterpart FIU in Country B. According to Egmont principles, the FIU of Country B can:

A. direct the FIU of Country A to the Fl where the account was opened for further information.
B. provide the information available to them because the exchange is between two FlUs that are members of the Egmont Group, and the formal request was made using secure communication channels.
C. deny the request if the FIU of Country B has not received a suspicious activity report (SAR) from the Fl where the account was opened.
D. provide the requested information only if a memorandum of understanding (MoU) is signed between Country A and Country

Answer: B

NEW QUESTION # 447
According to the Financial Action Task Force (FATF) Recommendation 22. when involved in customer transactions that include the buying and selling of real estate, real estate professionals are required to apply which customer due diligence (CDD) measures? (Select Two.)

A. Performing adverse media searches on the customer
B. Identifying and verifying the customer's identity
C. Understanding the purpose of the business relationship
D. Obtaining prior senior manager approval for all related transactions

Answer: B,C

NEW QUESTION # 448
An employee in a corporation's finance department hears news of an internal investigation into potential fraud within the company, quits her job, and disappears.
If they had been observed before her resignation, which characteristics of the employee would have been considered red flags? (Select Two.)

A. The employee had a lavish lifestyle for her income
B. The employee was constantly evasive about the reasons for leaving her previous corporate finance job
C. The employee was originally from a high-risk jurisdiction
D. The employee had friends in high-risk industries

Answer: A,B

NEW QUESTION # 449
In what ways is the finance industry vulnerable to the risks of money laundering? (Select Three.)

A. It is subject to heightened regulatory obligations with strict reporting requirements to safeguard the financial system from illicit fund flows and ensure market stability
B. It offers complex financial products, which can make it easier to obscure the source of funds
C. It is frequently engaged with high-risk jurisdictions, which can increase exposure to financial crime or weak regulatory oversight
D. It invests in new technology and systems to ensure effective and timely detection of financial crime
E. It has high transaction volumes, making it difficult to identify suspicious activities and track the origin of funds

Answer: B,C,E

Explanation:
The finance industry is inherently vulnerable to money laundering risks due to the nature, scale, and complexity of its operations. FATF and global regulators consistently identify several structural characteristics that increase exposure to illicit financial activity.
One major vulnerability is the availability of complex financial products and services, such as derivatives, correspondent banking, and structured investments. These products can be misused to disguise the origin of funds through layering and complex transaction chains.
Another key risk arises from engagement with high-risk jurisdictions. Financial institutions often operate across borders, including in countries with weak AML controls or limited regulatory oversight, increasing exposure to money laundering and terrorist financing risks.
Additionally, high transaction volumes present a significant challenge. The sheer scale and speed of transactions make it difficult to detect suspicious activity, particularly when illicit transactions are deliberately structured to blend in with legitimate activity.
In contrast, heightened regulatory obligations and investments in technology are risk-mitigating factors, not vulnerabilities. They are designed to reduce exposure to financial crime rather than increase it.

NEW QUESTION # 450
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