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ACAMS CAMS7 Exam Syllabus Topics:

Section	Weight	Objectives
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
Global Anti-Financial Crime Frameworks, Governance and Regulations	24%	- International standards and bodies 1. Basel Committee, Wolfsberg Group, UN conventions 2. FATF 40 Recommendations - Regional and national regulations 1. USA PATRIOT Act and extraterritorial laws 2. EU AML Directives - Governance, accountability and ethics 1. Roles of board, senior management and compliance function 2. Ethical obligations and professional standards
Understanding Risks and Methods of Financial Crime	26%	- Financial crime risks and consequences 1. Institutional, individual, economic and social impacts - Terrorism financing and proliferation financing 1. Sources and mechanisms 2. Distinctions from money laundering - Money laundering stages and techniques 1. Methods across financial sectors and businesses 2. Placement, layering, integration - Sanctions regimes and compliance risks 1. Risk identification and mitigation 2. UN, EU, OFAC frameworks
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 - Monitoring, reporting and record keeping 1. Legal record retention requirements 2. Suspicious activity reporting (SAR/STR) 3. Transaction monitoring and alert management - 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

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ACAMS Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) Sample Questions (Q188-Q193):

NEW QUESTION # 188
Which risks are specifically associated with the misuse of gaming accounts in financial crime?
(Choose three.)

A. Investing all gaming winnings into high-risk stocks to conceal funds
B. Using gaming accounts to transfer illicit funds between players undetected
C. Structuring transactions to avoid reporting thresholds by keeping them under certain limits
D. Providing false personal information to evade regulatory oversight
E. Ensuring identity verification is completed prior to the onboarding of new customers

Answer: B,C,D

Explanation:
Risks tied to the misuse of gaming accounts include transferring illicit funds between players undetected, structuring transactions to avoid reporting thresholds, and providing false personal information to evade KYC and regulatory oversight, all of which can facilitate money laundering and other financial crimes.

NEW QUESTION # 189
A bank in the Netherlands has been requested to share information about a series of transactions and related customers with a bank in Italy. Both banks are subject to European Union jurisdiction.
Which factor is the most important to consider before the Dutch bank shares the requested information with the Italian bank?

A. The need to fight financial crime outweighs the EU's data protection and privacy regulations
B. The Dutch bank's legal obligations to protect customer privacy and bank secrecy prohibit it from sharing any such information
C. The Dutch bank should require a production order from the Italian bank and receive approval from its legal department before sharing the requested information
D. The Dutch bank should limit any information sharing to what is necessary, reasonable, and proportionate, in line with applicable laws and regulations

Answer: D

NEW QUESTION # 190
Technology has the potential to increase the efficiency and effectiveness of AML/CFT workflows by:
(Select Two.)

A. Eliminating backlogs through the ability to process large volumes of data
B. Minimizing privacy concerns through minimized human intervention
C. Minimizing human intervention in repetitive tasks, increasing data accuracy
D. Allowing for automatic one-stop searches at the front end by analysts

Answer: A,C

Explanation:
Technology plays a critical role in strengthening AML/CFT programs by improving efficiency, consistency, and scalability. Regulators encourage the responsible use of technology while maintaining governance and oversight.
One major benefit is processing large volumes of data efficiently, helping institutions eliminate investigative backlogs and manage increasing transaction volumes. Technology also automates repetitive tasks, reducing human error and improving data accuracy, allowing compliance professionals to focus on higher-value investigative work.
Technology does not eliminate privacy concerns, and front-end search tools alone are not sufficient to drive effectiveness. Human oversight remains essential for decision-making, investigations, and regulatory reporting.

NEW QUESTION # 191
How canawareness be raisedwithincountries that do not have sanctions regulatory regimes?
(Select Two.)

A. AFC (Anti-Financial Crime) and sanctions-related seminars, webinars, and training within these countries.
B. Enforcement and pecuniary fines against these countries.
C. Bilateral conversations and cooperation between governments.
D. Restrict trade between countries that have robust AML/CFT and sanctions regulatory regimes and those that do not.

Answer: A,C

Explanation:
Many jurisdictions lack robust sanctions frameworks, requiring international cooperation and education to improve compliance.
Option B (Correct):Educational initiatives such as AML/sanctions training and workshops help raise awareness and build capacity.
Option D (Correct):Bilateral cooperation allows knowledge-sharing and technical assistance between regulatory authorities.

NEW QUESTION # 192
An insurance company receives an application for a high-value life insurance policy from a new non- resident client. The payout instruction is linked to an offshore trust in another jurisdiction to which the client has no obvious connection. The client insists on paying premiums via multiple transactions to
"avoid bank charges." The client is reportedly unemployed with minimal assets, which is inconsistent with the policy value.
Which financial crime risk should the insurance company be most concerned with?

A. Fraud
B. Market abuse
C. Sanctions evasion
D. Money laundering

Answer: D

Explanation:
This scenario presents multiple classic money laundering red flags, particularly within the life insurance sector, which is recognized by FATF as vulnerable to misuse due to its investment and payout features.
The use of an offshore trust in a jurisdiction with no clear link to the customer raises concerns about concealment of beneficial ownership and layering. Criminals frequently use trusts and offshore structures to obscure the origin and destination of illicit funds.
The client's request to split premium payments into multiple transactions to avoid bank charges is indicative of structuring, a known money laundering technique used to evade monitoring and reporting thresholds.
Furthermore, the lack of a legitimate source of wealth or income consistent with the high-value policy is a significant red flag. Purchasing high-value insurance products with no apparent financial means is a common placement method for laundering illicit proceeds.
While fraud or sanctions evasion could be relevant in other contexts, the combination of structuring, unexplained wealth, offshore structures, and non-residency most strongly indicates money laundering risk.

NEW QUESTION # 193
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