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ACAMS CAMS7 Exam Syllabus Topics:

Section	Weight	Objectives
Global Anti-Financial Crime Frameworks, Governance and Regulations	24%	- International standards and bodies 1. Basel Committee, Wolfsberg Group, UN conventions 2. FATF 40 Recommendations - Governance, accountability and ethics 1. Roles of board, senior management and compliance function 2. Ethical obligations and professional standards - Regional and national regulations 1. EU AML Directives 2. USA PATRIOT Act and extraterritorial laws
Building and Managing Anti-Financial Crime Compliance Programs	28%	- Customer due diligence and know-your-customer 1. CDD, EDD, beneficial ownership identification 2. politically exposed persons and high-risk clients - Program framework and policies 1. Policies, procedures and controls design 2. Risk assessment and risk-based approach - Audit, testing and continuous improvement - Monitoring, reporting and record keeping 1. Suspicious activity reporting (SAR/STR) 2. Legal record retention requirements 3. Transaction monitoring and alert management - Training, awareness and internal communication
Understanding Risks and Methods of Financial Crime	26%	- Terrorism financing and proliferation financing 1. Distinctions from money laundering 2. Sources and mechanisms - 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 - Money laundering stages and techniques 1. Placement, layering, integration 2. Methods across financial sectors and businesses
Tools, Technologies and Investigations	22%	- 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 - Investigation processes and evidence handling 1. Case management and escalation 2. Cooperation with authorities and information sharing

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ACAMS Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) Sample Questions (Q72-Q77):

NEW QUESTION # 72
The Basel Committee on Banking Supervision published guidelines on the "Sound management of risks related to money laundering and financing of terrorism." With regard to identifying and accepting customers, it recommends that banks: (Select Two.)

A. Establish policies and procedures to identify and verify customers, beneficial owners, and any individuals that can transact on behalf of their customers.
B. Establish policies and procedures for customer due diligence that vary based on risk.
C. Establish policies and procedures to ensure due diligence activities are identical for all customers.
D. Establish policies and procedures that encourage processing transactions while due diligence information is being established and verified.
E. Are prohibited from offering numbered accounts to customers, even if procedures are established to gather and maintain due diligence information.

Answer: A,B

NEW QUESTION # 73
Which of the following scenarios describe common risk indicators of money laundering faced by operators of legitimate money services businesses (MSBs)? (Select Three.)

A. A customer sends and receives money transfers in equal amounts at or about the same time.
B. A customer conducts cash transactions using multiple branches of the MSB on the same day.
C. A customer has a family link to the destination of a money transfer
D. A customer changes multiple high-denomination notes to low-denomination notes.
E. A customer only wants to deal with a particular employee in the MSB.

Answer: A,B,D

NEW QUESTION # 74
Which collective body of Financial Intelligence Units (FlUs) was formed with an objective to improve Information exchange and sharing mechanisms among member FlUs as well as to support its members by enhancing their capabilities'?

A. The Wolfsberg Group
B. The International Monetary Fund (IMF)
C. The Organisation for Economic Co-operation and Development (OECD)
D. The Egmont Group

Answer: D

NEW QUESTION # 75
A bank is completing a periodic KYC profile review for a customer that is a small digital marketing company based in New York City. Which of the following would be a red flag?

A. The account activity includes deposit activity into both savings and checking accounts
B. The account activity includes deposits made in multiple branches around New York City into the same account.
C. The account activity includes frequent purchases of tickets to industry conferences and other events.
D. The account activity includes incoming funds transfers at irregular intervals from small businesses located in New York

Answer: B

NEW QUESTION # 76
Which of the following are limitations of using search engines to screen adverse media? (Select Three.)

A. Search engines have limited global language coverage
B. Outcomes can be inconsistent due to varying search engine algorithms
C. The process is time-consuming and requires significant manual effort
D. Search results are often inefficient in identifying relevant adverse media
E. Search engines provide unstructured data that complicates media analysis

Answer: B,C,E

Explanation:
Adverse media screening is an important component of customer due diligence, but reliance on general search engines presents several limitations recognized by AML practitioners and regulators.
Search engines typically provide unstructured data, which makes it difficult to systematically analyze and document results for compliance purposes. Information may be incomplete, duplicated, or lack context.
The process is also time-consuming and highly manual, particularly for institutions screening large customer populations. Manual reviews increase operational burden and introduce inconsistency and human error.
Additionally, search engine algorithms vary, meaning results can differ depending on timing, location, and personalization, leading to inconsistent outcomes that are difficult to audit or reproduce.
While language coverage and relevance may be challenges, the most critical limitations relate to lack of structure, inefficiency, and inconsistent results.

NEW QUESTION # 77
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