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ACAMS CAMS7 Exam Syllabus Topics:

Section	Weight	Objectives
Topic 1: 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 - Monitoring, reporting and record keeping 1. Transaction monitoring and alert management 2. Legal record retention requirements 3. Suspicious activity reporting (SAR/STR) - Training, awareness and internal communication - Audit, testing and continuous improvement - Program framework and policies 1. Policies, procedures and controls design 2. Risk assessment and risk-based approach
Topic 2: Global Anti-Financial Crime Frameworks, Governance and Regulations	24%	- Governance, accountability and ethics 1. Roles of board, senior management and compliance function 2. Ethical obligations and professional standards - Regional and national regulations 1. USA PATRIOT Act and extraterritorial laws 2. EU AML Directives - International standards and bodies 1. Basel Committee, Wolfsberg Group, UN conventions 2. FATF 40 Recommendations
Topic 3: Tools, Technologies and Investigations	22%	- Technology and systems 1. Cryptoasset and virtual asset compliance 2. Monitoring systems, screening tools, data analytics - 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
Topic 4: Understanding Risks and Methods of Financial Crime	26%	- Money laundering stages and techniques 1. Placement, layering, integration 2. Methods across financial sectors and businesses - Financial crime risks and consequences 1. Institutional, individual, economic and social impacts - 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

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ACAMS Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) Sample Questions (Q173-Q178):

NEW QUESTION # 173
Risks associated with real estate transactions include (Select Two.)

A. paying true market price for a property.
B. purchases in the name of a natural person.
C. non-financed purchases.
D. cross-border purchases.

Answer: C,D

Explanation:
Real estate transactions are vulnerable to ML/TF risks, particularly when there is limited transparency or unusual payment methods:
* Cross-border purchases (A):"Purchases by foreign buyers, especially from high-risk jurisdictions, are a red flag for money laundering in the real estate sector."(CAMS 6th Edition, Real Estate Money Laundering Risks; FATF, Money Laundering and Terrorist Financing through the Real Estate Sector,
2007)
* Non-financed purchases (D):"Non-financed (all-cash) purchases can indicate the introduction of illicit funds into the financial system, bypassing the controls of mortgage lenders."(CAMS 6th Edition, Real Estate ML/TF Risks) Incorrect Options:
* B: Purchasing in the name of a natural person is standard and not inherently risky.
* C: Paying the true market price does not raise ML/TF risk.
References:
CAMS 6th Edition, Chapter: ML/TF Risks in Real Estate
FATF, Money Laundering and Terrorist Financing through the Real Estate Sector (2007)

NEW QUESTION # 174
A prospective client walks into an accounting firm wanting to incorporate a company. The accountant feels uncomfortable after the meeting. Which two of the accountant's observations warrant escalation to the compliance officer? (Select Two.)

A. The prospective client is able to provide source of funds and source of wealth documents
B. The principal activities of the proposed company are importing and exporting new furniture
C. The prospective client presents confusing details about the proposed business and has very little knowledge about the proposed business activity
D. The prospective client exhibits confidence when speaking to the accountant when providing personal details
E. The prospective client is unable to provide information about the beneficial owners

Answer: C,E

NEW QUESTION # 175
The chief compliance officer (CCO) at a bank approved offering trade finance services to a company which is established within a country with a weak democratic system routinely reviews news on upcoming targeted economic sanction regulations in the EU, a major import partner for the country's production of crude oil.
Which of the following pieces of news would be of greatest concern?

A. The European Commission and the High Representative issue a joint proposal for an import ban on oil extraction equipment
B. The Council of the European Union adopts a new import restriction regime for goods coming from countries that do not respect human rights
C. The Council of the European Union adopts a new export control regime for electronic equipment
D. The European Commission and the High Representative issue a joint proposal for an import ban on refined oil products.

Answer: D

Explanation:
A proposed EU import ban on refined oil products would be of greatest concern to the bank's trade finance services, as it directly targets a core revenue-generating sector (oil production) of the company's country. This could lead to significant disruptions in trade flows, regulatory risk exposure, and potential sanctions violations.

NEW QUESTION # 176
Which of the following is a crucial step for a financial institution when leveraging regulatory reports to improve transaction monitoring? (Select Two.)

A. Comparing internal data across all sectors and products referenced in the reports
B. Systematically incorporating risks identified in the reports into the internal risk assessment
C. Building or enhancing monitoring scenarios based on reported crime typologies
D. Comparing regulatory reports with peer data

Answer: B,C

Explanation:
Regulatory reports--such as those published by FATF, FIUs, and supervisory authorities--provide valuable insights into emerging money laundering and terrorist financing risks.
A crucial step is systematically integrating identified risks into the institution's internal risk assessment. This ensures that the organization's understanding of threats remains current and aligned with regulatory expectations.
Another key action is building or enhancing transaction monitoring scenarios based on the typologies and red flags described in regulatory reports. This directly improves detection effectiveness and responsiveness to evolving threats.
While internal benchmarking and peer comparison may be useful, they are not substitutes for directly updating risk assessments and monitoring logic based on regulatory intelligence.

NEW QUESTION # 177
What are the primary sources of reference besides AML laws and regulations when developing and maintaining the AML policies, standards, and procedures of a bank? (Choose three.)

A. Policies and procedures developed by other banks
B. Guidance issued by international bodies
C. Regulatory guidance or publications
D. National Risk Assessment
E. Government or state-run newspapers

Answer: B,C,D

Explanation:
When developing and maintaining AML policies, standards, and procedures, banks should rely on the National Risk Assessment, regulatory guidance or publications, and guidance issued by international bodies to ensure their frameworks align with both domestic and global best practices and risk considerations.

NEW QUESTION # 178
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