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ACAMS CAMS7 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Building and Managing Anti-Financial Crime Compliance Programs28%- Audit, testing and continuous improvement
- Training, awareness and internal communication
- Program framework and policies
  • 1. Risk assessment and risk-based approach
  • 2. Policies, procedures and controls design
- 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. Transaction monitoring and alert management
  • 2. Suspicious activity reporting (SAR/STR)
  • 3. Legal record retention requirements
Topic 2: Understanding Risks and Methods of Financial Crime26%- Terrorism financing and proliferation financing
  • 1. Distinctions from money laundering
  • 2. Sources and mechanisms
- 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
- Financial crime risks and consequences
  • 1. Institutional, individual, economic and social impacts
Topic 3: Global Anti-Financial Crime Frameworks, Governance and Regulations24%- Governance, accountability and ethics
  • 1. Roles of board, senior management and compliance function
  • 2. Ethical obligations and professional standards
- International standards and bodies
  • 1. Basel Committee, Wolfsberg Group, UN conventions
  • 2. FATF 40 Recommendations
- Regional and national regulations
  • 1. EU AML Directives
  • 2. USA PATRIOT Act and extraterritorial laws
Topic 4: Tools, Technologies and Investigations22%- Investigation processes and evidence handling
  • 1. Case management and escalation
  • 2. Cooperation with authorities and information sharing
- Technology and systems
  • 1. Monitoring systems, screening tools, data analytics
  • 2. Cryptoasset and virtual asset compliance
- Remediation and response
  • 1. Corrective actions and regulatory engagement

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ACAMS Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) Sample Questions (Q347-Q352):

NEW QUESTION # 347
Which of the following presents the highest money laundering risk from a money services business (MSB)?

Answer: C

Explanation:
Large individual cash transactions pose the highest money laundering risk for money services businesses.
Cash is difficult to trace and, when handled in significant amounts, can be used to introduce illicit funds into the financial system with minimal transparency.


NEW QUESTION # 348
Which activities would be considered money laundering red flags when reviewing the business operations of a money services business (MSB)? (Select Two.)

Answer: B,D

Explanation:
When reviewing business operations of a Money Services Business (MSB), it is critical to identify behaviors that indicate potential money laundering activity. TheCAMS Study Guide - 6th Editionoutlines severalred flagscommonly associated with MSBs.
Option Ais correct:
A customer beinghesitant to provide beneficiary information, such as the name or address, is a red flag. It may indicate attempts to hide the true purpose or recipient of the funds and could suggeststructuring or layering activity.
Option Dis correct:
A customer usingmultiple accounts under different namesto conduct transactions is a strong red flag. This could indicate efforts toobscure ownership, avoid detection, or conductsuspicious structuringbehavior to stay below reporting thresholds.
Option Bis incorrect:
While large cash deposits from cash-intensive businesses may require further review, they are not inherently suspicious unlessinconsistent with the nature of the business or transaction volume.
Option Cis incorrect:
Currency exchanges under the reporting threshold, even from high-risk jurisdictions, are not in themselves red flags unless they show a pattern ofstructuringor are part oflarger suspicious behavior.
Option Eis incorrect:
Frequent small-dollar transfers to a native country may benormal remittance behaviorand only become suspicious if tied to additional indicators such asstructuring or third-party involvement.
Reference: ACAMS CAMS Study Guide - 6th Edition, Chapter:Recognizing and Reporting Suspicious Activity- Section:Red Flags for Money Services Businesses


NEW QUESTION # 349
When deciding on the frequency of periodic customer due diligence (CDD) refresh, firms should foremost consider the:

Answer: C


NEW QUESTION # 350
Which of the following is one of the pillars of the EU AML Package adopted in June 2024?

Answer: C

Explanation:
One of the central pillars of the EU AML Package adopted in June 2024 is theEU AML Regulation. This regulation introduces directly applicable AML/CFT rules across all EU member states, replacing the previous approach where AML directives were transposed into national laws.
This shift addresses regulatory fragmentation and strengthens enforcement across borders.
The complete AML Package includes the following four pillars:
EU AML Regulation (directly applicable rulebook)
6th AML Directive (not the 7th)
Establishment of a new EU Anti-Money Laundering Authority (AMLA)
Revised Transfer of Funds Regulation, especially concerning crypto-asset service providers The EU AML Regulation aims to unify and streamline the application of AML/CFT measures across the EU, ensuring a consistent and effective framework.


NEW QUESTION # 351
A key factor in the independence of an AML audit is that the auditor should.

Answer: D


NEW QUESTION # 352
......

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