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ACAMS CAMS7 Exam Syllabus Topics:

Section	Weight	Objectives
Money Laundering and Terrorist Financing Concepts	30%	- Definitions and stages of money laundering 1. Placement, layering, integration 2. Terrorist financing typologies - Global AML/CFT standards 1. FATF Recommendations 2. International regulatory frameworks
Risk Management and Due Diligence	25%	- Transaction monitoring and reporting 1. Suspicious Activity Reports (SAR/STR) 2. Monitoring systems and typologies - Customer Due Diligence (CDD/KYC) 1. Enhanced due diligence (EDD) 2. Customer identification programs (CIP)
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

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ACAMS Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) Sample Questions (Q311-Q316):

NEW QUESTION # 311
Why is the prevention of financial crime so important?

A. Financial crime does enormous damage to society, undermining market integrity and consumers' and market participants' confidence
B. Financial crime risk incidents always result in fines and losses for the financial firm
C. Financial crime prevention is important as it reduces costs and improves customer services.
D. Financial crime prevention processes make the onboarding process for clients unnecessarily burdensome and complex but create work

Answer: A

Explanation:
Preventing financial crime is essential because it protects society by maintaining market integrity and public confidence, reducing the harm caused by illicit activities such as money laundering, fraud, and corruption.

NEW QUESTION # 312
Which situation involving a vendor presents increased AML and/or sanctions risk to an organization?

A. The vendor is organized as a privately held company
B. The vendor provides services to end users located in an area subject to economic sanctions
C. The vendor has no individuals that own or control more than 10% of the company
D. The vendor's sales representative was a refugee from a sanctioned jurisdiction as a child

Answer: B

NEW QUESTION # 313
A large international financial institution (FI) operates in both the United States and the European Union. A cross-border transaction involving a high-net-worth client with dual U.S. and French citizenship raises concerns due to a third-party intermediary in a high-risk jurisdiction.
Given that the transaction falls under the U.S. Bank Secrecy Act (BSA) and OFAC requirements, as well as the EU's 6th Anti-Money Laundering Directive (6AMLD) and European Banking Authority (EBA) regulations, what is the best approach for the compliance team to ensure compliance?

A. Follow EU regulations only, as the beneficiary is based in France
B. Defer to the most stringent regulatory regime to streamline compliance
C. Follow U.S. regulations only, as the transaction originates in the United States
D. Implement a dual-compliance approach satisfying both U.S. and EU AFC regulations

Answer: D

Explanation:
For multinational financial institutions, regulatory expectations are clear: institutions must comply with all applicable laws and regulations in each jurisdiction where they operate or where a transaction has regulatory touchpoints.
In this case, the transaction is subject to both U.S. and EU AML/CFT frameworks, including BSA reporting obligations, OFAC sanctions screening, 6AMLD requirements, and EBA supervisory expectations.
Selecting only one regulatory regime would expose the institution to compliance failures and enforcement risk.
A dual-compliance approach ensures that reporting, sanctions screening, customer due diligence, and record- keeping obligations are met in both jurisdictions. This approach aligns with FATF principles on cross-border compliance and consolidated supervision.
Deferring to the "most stringent" regime is not sufficient, as different rules may apply to different aspects of the transaction. Therefore, simultaneous compliance is required.

NEW QUESTION # 314
Which regulatory bodies cooperate when dealing with cross-border suspicious or unusual financial activity investigations?

A. European Commissions
B. Wolfsberg Groups
C. Financial Action Task Forces
D. Financial Intelligence Units

Answer: D

NEW QUESTION # 315
A financial institution's (FI's) policy is to apply enhanced due diligence (EDD) for every new client to ensure the effectiveness of the program. How should a consultant advise the FI's management team?

A. Suggest EDD for 50% of the clients is appropriate.
B. Suggest the management team ask the regulator for advice on EDD measures.
C. Suggest the FI needs to implement a risk-based approach for EDD.
D. Suggest the management team select the clients that are chosen for EDD.

Answer: C

NEW QUESTION # 316
......

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