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ACAMS CAMS7 Exam Syllabus Topics:

Section	Weight	Objectives
Topic 1: Risk Management and Due Diligence	25%	- Transaction monitoring and reporting 1. Monitoring systems and typologies 2. Suspicious Activity Reports (SAR/STR) - Customer Due Diligence (CDD/KYC) 1. Enhanced due diligence (EDD) 2. Customer identification programs (CIP)
Topic 2: Detecting and Preventing Financial Crime	20%	- Financial crime typologies 1. Trade-based money laundering 2. Fraud and corruption schemes - Investigations and enforcement 1. Case management and documentation 2. Regulatory investigations
Topic 3: AML Compliance Framework	25%	- Compliance program components 1. Internal controls 2. Policies and procedures - Roles and responsibilities 1. Compliance officer duties 2. Governance and oversight
Topic 4: Money Laundering and Terrorist Financing Concepts	30%	- Global AML/CFT standards 1. FATF Recommendations 2. International regulatory frameworks - Definitions and stages of money laundering 1. Placement, layering, integration 2. Terrorist financing typologies

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ACAMS Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) Sample Questions (Q124-Q129):

NEW QUESTION # 124
An AML analyst at a bank is investigating cases triggered by transaction monitoring alerts.
Which circumstances might cause the analyst to suspect a case involves terrorist financing? (Select Two.)

A. Small dollar payments sent to higher-risk jurisdictions with no prior history
B. Small dollar payments sent to crowdfunding initiatives with detailed descriptions of the project being financed
C. Transactions involving domestic non-profit organizations providing charitable aid to refugees from higher-risk countries
D. Transactions involving structured currency deposits below the reporting threshold to avoid paying taxes
E. Transactions involving non-profit organizations with no internet presence

Answer: A,E

NEW QUESTION # 125
The UN Security Council's primary role in imposing sanctions is that it has the authority to:

A. impose sanctions on countries that lack AML/CFT controls.
B. impose sanctions on economic targets to maintain or restore financial stability within a country.
C. conduct research on and analyze the impacts of sanctions to improve the effectiveness of sanctions regimes.
D. impose sanctions lo maintain of restore international peace and security

Answer: D

Explanation:
The UN Security Council has the authority to impose sanctions specifically to maintain or restore international peace and security.

NEW QUESTION # 126
A bank is preparing for a regulatory exam after a previous regulatory exam identified weaknesses in the bank's AML program. Since the last exam, the bank has improved the written AML program, hired an experienced AML compliance officer, and has taken actions to demonstrate a strong culture of compliance.
The bank is now focused on getting through their transaction monitoring case backlog and completing enhancements to its sanctions screening program.
Which of the following are correct? (Select Two.)

A. The regulatory agency may require the bank's board of directors to publicly share the actions taken to address the previous concerns in order to limit its reputational risk.
B. The bank is likely to face secondary sanctions from global financial institutions despite addressing many of the previous concerns.
C. The bank may face civil or criminal penalties if it is unable to demonstrate sustained improvement in addressing the previous concerns.
D. The bank may face the risk of regulatory orders to remediate its AML program despite addressing many of the previous concerns.
E. The bank is protected from reputational risk arising from any regulatory action because regulatory orders must remain confidential.

Answer: C,D

Explanation:
* B: If a bank fails to demonstrate sustained improvement or cannot resolve identified deficiencies, it can face civil or even criminal penalties from regulators. Regulators expect not just policy changes, but proof of effectiveness and ongoing compliance improvements.
* C: Even after addressing many concerns, if all issues are not resolved-such as outstanding transaction monitoring backlogs-regulators may issue orders to further remediate the AML program until full compliance is achieved.
* CAMS 6th Edition and regulatory guidance clarify that "regulators may impose penalties, issue consent orders, or require further remediation where weaknesses persist." Incorrect:
* A: Secondary sanctions generally apply to sanctions violations, not standard AML program weaknesses.
* D: Regulatory actions can be public and do pose reputational risk.
* E: While transparency is sometimes required, this is not a universal regulatory response.
References:
CAMS 6th Edition, Regulatory Examinations and Remediation
FFIEC BSA/AML Manual, Enforcement Actions

NEW QUESTION # 127
The Money Laundering Reporting Officer (MLRO) of a life insurance company is reviewing the product risk assessment methodology.
Which of the following attributes of life insurance products would be attributed a higher risk rating?
(Select Three.)

A. Products with international health insurance coverage
B. Annuity products with a deferred income stream
C. Products that allow the option to change the nominated beneficiary after the commencement of the policy
D. Products that restrict the transfer of funds from one policy to another
E. Products that allow for a cash surrender value

Answer: A,C,E

Explanation:
Life insurance products vary significantly in their exposure to money laundering risk. FATF guidance and insurance-sector AML standards emphasize that flexibility, liquidity, and cross-border features increase product risk.
Products that allow changes to beneficiaries after policy inception present higher risk because criminals may initially name a legitimate beneficiary and later substitute another party to obscure the true recipient of funds. This flexibility can be exploited to disguise beneficial ownership.
Products with cash surrender values are particularly vulnerable to money laundering. Criminals may place illicit funds into policies and later redeem them, creating an appearance of legitimate insurance proceeds. This characteristic is widely recognized as a high-risk factor.
International coverage, including cross-border health insurance features, increases geographic risk exposure, particularly when funds or claims involve higher-risk jurisdictions with weaker AML controls.
By contrast, annuities with deferred income streams typically limit liquidity, reducing laundering risk.
Products that restrict fund transfers further reduce misuse potential and are considered lower risk.

NEW QUESTION # 128
When a multinational organization develops its anti-financial crime (AFC) program, what is the most important consideration for ensuring compliance across different jurisdictions?

A. Ensuring group policies cater to compliance with each country's specific AML and sanctions regulations.
B. Ensuring group policies and procedures prioritize adherence to US regulations because they are the most influential worldwide.
C. Ensuring sanctions coy on international bodies like the UN because there is no requirement to adhere to local laws.
D. Applying global AFC and sanctions policies to ensure consistency without the need to adapt to local regulations.

Answer: A

Explanation:
A global organization must ensure its group policies accommodate compliance with each country's specific AML and sanctions regulations to effectively manage risks across multiple jurisdictions.

NEW QUESTION # 129
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