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ACAMS CAMS7 Exam Syllabus Topics:

Section	Weight	Objectives
Topic 1: 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. EU AML Directives 2. USA PATRIOT Act and extraterritorial laws
Topic 2: Building and Managing Anti-Financial Crime Compliance Programs	28%	- Customer due diligence and know-your-customer 1. politically exposed persons and high-risk clients 2. CDD, EDD, beneficial ownership identification - Program framework and policies 1. Risk assessment and risk-based approach 2. Policies, procedures and controls design - Training, awareness and internal communication - Monitoring, reporting and record keeping 1. Legal record retention requirements 2. Suspicious activity reporting (SAR/STR) 3. Transaction monitoring and alert management - Audit, testing and continuous improvement
Topic 3: Tools, Technologies and Investigations	22%	- Investigation processes and evidence handling 1. Case management and escalation 2. Cooperation with authorities and information sharing - 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: Understanding Risks and Methods of Financial Crime	26%	- Sanctions regimes and compliance risks 1. UN, EU, OFAC frameworks 2. Risk identification and mitigation - Terrorism financing and proliferation financing 1. Distinctions from money laundering 2. Sources and mechanisms - Money laundering stages and techniques 1. Methods across financial sectors and businesses 2. Placement, layering, integration - Financial crime risks and consequences 1. Institutional, individual, economic and social impacts

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ACAMS Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) Sample Questions (Q77-Q82):

NEW QUESTION # 77
A real estate buyer purchases multiple high-value properties in cash through a series of transactions in a short period of time and without any clear economic justification.
Which of the following is the most likely money laundering risk associated with this behavior in the real estate sector?

A. The buyer is quickly diversifying their investment portfolio through structuring payments in order to take advantage of the liquidity of cash transactions in real estate.
B. The buyer is capitalizing on favorable market conditions and using cash purchases to outbid competitors in a competitive real estate market using insider information.
C. The buyer is a real estate developer acquiring multiple properties for a potential redevelopment project with a business partner located in a high-risk jurisdiction.
D. The buyer is using high-value real estate transactions to obscure the origin of the funds.

Answer: D

Explanation:
* A: The purchase of high-value real estate using cash in multiple transactions-especially without clear economic justification-is a classic money laundering typology. The goal is typically to integrate illicit funds into the legitimate economy and obscure their origin.
* "Large cash purchases of property without an obvious economic rationale are a significant red flag for money laundering in the real estate sector."
* This typology is highlighted in CAMS 6th Edition and the FATF's guidance on real estate ML/TF risks.
References:
CAMS 6th Edition, Real Estate and ML Typologies
FATF, Money Laundering and Terrorist Financing through the Real Estate Sector

NEW QUESTION # 78
Which of the following best describes one of the principal threats of proliferation financing?

A. Transnational criminal organizations expanding their engagement into more varied types of illicit activities, including human trafficking and corruption
B. Networks of individuals and entities raising funds to further proliferate their ideological goals wholly or in part through unlawful acts of force or violence
C. Adversary governments using sophisticated attacks to threaten critical infrastructure and sectors, including finance, health care and energy
D. Networks of individuals and entities exploiting financial systems to move funds that will be used to acquire weapons of mass destruction or their components

Answer: D

Explanation:
Proliferation financingrefers to the act of providing financial services or funds for thedevelopment, acquisition, or delivery of nuclear, chemical, or biological weapons. The core threat involvesnetworks of individuals and entities using the financial systemto obtain sensitive technologies, materials, or knowledge forweapons of mass destruction (WMDs).
The Financial Action Task Force (FATF)identifies this as a major international security threat and requires institutions to assess and mitigate such risks.

NEW QUESTION # 79
Which of the following statements is true regarding Office of Foreign Assets Control (OFAC) sanctions?
(Select Two.)

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

Answer: C,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." (CAMS 6th Edition, Sanctions Compliance; OFAC FAQs) 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."(CAMS 6th Edition, Sanctions Compliance) Incorrect Options:
A: OFAC can sanction entities, vessels, and organizations-not just individuals or those in foreign countries.
D: There is no automatic expiration of OFAC sanctions after five years.
References:
CAMS 6th Edition, OFAC and Sanctions Programs
U).S. Treasury, OFAC FAQs

NEW QUESTION # 80
Which of the following laws or regulations can impact the application of AML/CFT programs and require financial institutions (r" Is) to balance multiple compliance requirements?

A. Environmental, social, and governance (ESG) frameworks can influence a Fl's risk management strategies but are generally considered separate from core AML/CFT compliance requirements
B. AML/CFT laws are the primary focus for FIs, and other regulations like data privacy and consumer protection may only indirectly influence their compliance obligations
C. Data privacy laws can restrict the sharing of customer information, while financial inclusion initiatives require FIs to avoid excessive de-risking that could exclude vulnerable populations.
D. Consumer protection laws may intersect will) AML/CFT requirements when handling customer complaints or disputes, potentially affecting how FIs implement their compliance programs.

Answer: C

NEW QUESTION # 81
Which of the following best describes AML/CFT risk identification and assessment for accountants?
(Select Two.)

A. Due to their small size and limited resources, accountants are allowed to organize AML/CFT risk only as customer risk or transaction/service risk
B. Due to the nature of services accountants provide, automated transaction monitoring systems used by financial institutions may not be appropriate
C. When determining transaction and service risk, the jurisdiction where the accountant provides the service is not important
D. Drafting a customer acceptance policy can help accountants define customers outside their risk appetite
E. Accountants are not required to keep records of business relationships for more than two years

Answer: B,D

Explanation:
Accountants are classified as designated non-financial businesses and professions (DNFBPs) under FATF standards and must apply a risk-based approach to AML/CFT compliance.
A customer acceptance policy is a key tool that helps accountants define which clients or engagements fall outside their risk appetite. This supports consistent onboarding decisions and ensures high-risk clients are either subject to enhanced due diligence or declined.
Additionally, due to the nature of accounting services-such as advisory, tax preparation, and financial reporting-traditional automated transaction monitoring systems used by banks are often not appropriate. Instead, accountants rely more heavily on engagement-based risk assessments, client profiling, and professional judgment.
Accountants are subject to record-keeping requirements longer than two years in most jurisdictions, and geographic risk is always relevant when assessing AML/CFT exposure. Risk assessments must be comprehensive and proportionate, not artificially limited.

NEW QUESTION # 82
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