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ACAMS CAMS7 Exam Syllabus Topics:

Section	Weight	Objectives
Topic 1: 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
Topic 2: 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. Customer identification programs (CIP) 2. Enhanced due diligence (EDD)
Topic 3: AML Compliance Framework	25%	- Roles and responsibilities 1. Governance and oversight 2. Compliance officer duties - Compliance program components 1. Policies and procedures 2. Internal controls
Topic 4: Money Laundering and Terrorist Financing Concepts	30%	- Global AML/CFT standards 1. International regulatory frameworks 2. FATF Recommendations - Definitions and stages of money laundering 1. Terrorist financing typologies 2. Placement, layering, integration

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ACAMS Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) Sample Questions (Q71-Q76):

NEW QUESTION # 71
An international bank is investigating a payment requested by one of its correspondent relationships that generated an alert in the automated transaction monitoring system. The payment originated from a corporation located in Hong Kong and the final beneficiary is an individual located in New York.
Which steps should the bank take first to address the alert? (Select Three.)

A. Check for negative news in public sources on the sender and receiver
B. Send a 314(b) request to the corporation's bank in Hong Kong
C. Request supporting documents, including invoices and contracts to confirm the purpose of the payment
D. Call the receiving individual to review identity verification documents
E. Confirm that neither the beneficiary nor the originator are sanctioned parties

Answer: A,C,E

NEW QUESTION # 72
Which of the following is an important factor to consider when setting up an anti-financial crimes (AFC) compliance program governance structure?

A. Designating a qualified board of directors to monitor day-to-day compliance
B. Ensuring the structure is reviewed by an outside auditor or consultant
C. Establishing clear roles and responsibilities for AFC risk escalations and issues
D. Establishing a system of internal controls commensurate with the institution's size and complexity

Answer: C

Explanation:
One of the core components of a strong AFC (Anti-Financial Crimes) compliance program is establishingclear roles, responsibilities, and lines of accountability, especially forescalating and addressing AFC risks and compliance issues. This governance clarity ensures effective implementation, transparency in decision-making, and timely resolution of compliance concerns.
While external audits (option A) and internal controls (option B) are important,defining governance structure and escalation responsibilities (option D)is a foundational element. Additionally, the board of directors (option C) provides oversight-not day-to-day compliance monitoring.
Reference: ACAMS CAMS Study Guide - 6th Edition, Chapter: Compliance Program Structures - Section:
Governance and Oversight Functions

NEW QUESTION # 73
Arecruitment manager in the human resources departmentof a bank hasshortlisted a candidate for the position of relationship manager in its private banking division.
Thebank's compliance policyrequiresproper background checksto protect againstfraud and money laundering risks.
Whichresourceswould bemost usefulfor identifying potential negative information regarding the shortlisted candidate? (Select Three.)

A. Criminal history searches.
B. Past employment records.
C. Personal references from close associates.
D. Internet and public media searches.
E. Personal resume.

Answer: A,B,D

Explanation:
Financial institutions must conduct thorough background checks on employees in sensitive roles (e.g., private banking) to mitigate fraud, insider trading, and money laundering risks.
Option A (Correct):Past employment records help verify work history and identify any red flags related to prior financial misconduct.
Option D (Correct):Internet and media searches reveal any negative press, regulatory issues, or connections to illicit activity.
Option E (Correct):Criminal history searches help screen for prior convictions related to financial crimes.

NEW QUESTION # 74
An AML compliance officer is drafting plans to address deficiencies identified in an independent audit.
Which approach is the best option?

A. Draft action plans to address the root cause of the deficiencies, regardless of how long they will take to fully implement
B. Draft action plans in consultation with the jurisdiction's FIU to remain aligned with other similar companies
C. Only commit to action plans that require no new investment to maximize shareholder value
D. Only commit to action plans that can be implemented and closed within the three-month management reporting cycle

Answer: A

NEW QUESTION # 75
Professions such as lawyers, accountants, and trust and company service providers (TCSPs) are sometimes referred to as "gatekeepers" because they:

A. are required under money laundering laws and regulations in all jurisdictions to stop any criminals from being able to integrate illicit funds into the legitimate economy.
B. are high-risk actors who can deliberately allow criminals to enter the legitimate economy.
C. are an entry point to the financial system and a first line of defense against the infiltration of illicit funds into the legitimate economy.
D. often do not understand and are not covered by money laundering laws and regulations, unwittingly allowing criminals to enter the legitimate economy.

Answer: C

Explanation:
Lawyers, accountants, and TCSPs are considered gatekeepers because they serve as an entry point to the financial system and act as a first line of defense in preventing illicit funds from being integrated into the legitimate economy through their services and professional expertise.

NEW QUESTION # 76
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