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ACAMS CAMS7 Exam Syllabus Topics:

Section	Weight	Objectives
Detecting and Preventing Financial Crime	20%	- Investigations and enforcement 1. Case management and documentation 2. Regulatory investigations - Financial crime typologies 1. Fraud and corruption schemes 2. Trade-based money laundering
AML Compliance Framework	25%	- Roles and responsibilities 1. Compliance officer duties 2. Governance and oversight - Compliance program components 1. Internal controls 2. Policies and procedures
Risk Management and Due Diligence	25%	- Transaction monitoring and reporting 1. Monitoring systems and typologies 2. Suspicious Activity Reports (SAR/STR) - Customer Due Diligence (CDD/KYC) 1. Customer identification programs (CIP) 2. Enhanced due diligence (EDD)
Money Laundering and Terrorist Financing Concepts	30%	- Definitions and stages of money laundering 1. Terrorist financing typologies 2. Placement, layering, integration - Global AML/CFT standards 1. International regulatory frameworks 2. FATF Recommendations

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ACAMS Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) Sample Questions (Q23-Q28):

NEW QUESTION # 23
What is the first step that an investigator should take when beginning a financial investigation into a potential suspicious activity?

A. Contacting the country's financial intelligence unit's (FIU's) officers to seek advice on whether the potential suspicious activity is indeed a suspicious activity
B. Gathering and assessing internal sources of information, including information obtained from the customer, transactions, and value and volume
C. Identifying and reviewing external information, including online presence, customer-related entities, and relevant media
D. Determining whether the potential suspicious activity is consistent with the customer's transactional behavior, nature of business, and occupation

Answer: B

NEW QUESTION # 24
The owner of a real estate investment company deposits multiple cashier's checks that were bought using cash over a three-month period, from the sale of two apartments. This account also receives several electronic transfers from other financial institutions for US$10,000 each. What activity is considered suspicious of money laundering?

A. Performing operations with real estate investment companies
B. Using cash to buy multiple cashier's checks over a period of time
C. Using cashier's checks in the transactions with the real estate investment company's account
D. Receiving electronic transfers for US$10,000 amounts from other financial institutions

Answer: B

NEW QUESTION # 25
An AML compliance officer for a large bank has recently received an internal audit report on the private banking unit. The report revealed that the unit staff were not following risk-based due diligence procedures, so that the unit was not operating effectively.
Which immediate actions should the AML compliance officer consider to address these findings? (Select Two.) Management Should implement a quality assurance program in the private banking unit

A. The legal department should conduct a review to assess potential legal consequences.
B. Private bankers should receive training on AML procedures.
C. The board should review and approve a revised AML policy to change customer due diligence requirements in private banking.
D. All employees should receive refresher AML training.

Answer: C,D

NEW QUESTION # 26
When deciding on the frequency of periodic customer due diligence (CDD) refresh, firms should foremost consider the:

A. Risk profile of customers
B. Cost of implementation
C. Operational burden of periodic refresh implementation
D. Available level of automation for the process

Answer: A

NEW QUESTION # 27
Which of the following are important AML controls for a compliance manager of a regulated asset management company in the European Union to implement? (Select Two.)

A. Producing financial stability reports on interesting customers
B. Understanding the source and origin of assets
C. Inviting prospective customers for an onboarding interview
D. Performing negative news checks of prospective customers
E. Rejecting any politically exposed persons (PEPs) as customers

Answer: B,D

Explanation:
Understanding the source and origin of assets (C):According to the CAMS 6th Edition (Chapter: Customer Due Diligence and Enhanced Due Diligence) and the EU 4th & 5th AML Directives, regulated entities are required to take adequate measures to understand the source of funds and the origin of assets of their customers, especially when there are higher risk factors such as large transactions or PEPs."Firms must identify the source and origin of assets to ensure they are not the proceeds of crime or corruption, particularly for higher-risk customers."(CAMS 6th Edition, CDD/EDD Requirements; EU Directive 2015/849, Article 20) Performing negative news checks of prospective customers (D):Adverse media screening is an essential part of the onboarding process for identifying potential risks related to money laundering, terrorist financing, or reputational harm."Negative news or adverse media checks form a vital component of the due diligence process, helping organizations detect links to criminal or suspicious activities."(CAMS 6th Edition, CDD
/EDD Requirements)
Incorrect Options:
A: Onboarding interviews may be part of EDD, but are not a standard or required AML control.
B: PEPs are not to be automatically rejected; instead, enhanced due diligence should be applied.
E: Producing financial stability reports is not an AML control, but may be relevant for credit or investment assessment.
References:
CAMS Study Guide 6th Edition, Customer Due Diligence
EU 4th AML Directive (Directive 2015/849/EU)
EU 5th AML Directive (Directive 2018/843/EU)

NEW QUESTION # 28
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