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ACAMS CAMS7 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Global Anti-Financial Crime Frameworks, Governance and Regulations24%- Governance, accountability and ethics
  • 1. Ethical obligations and professional standards
  • 2. Roles of board, senior management and compliance function
- International standards and bodies
  • 1. FATF 40 Recommendations
  • 2. Basel Committee, Wolfsberg Group, UN conventions
- Regional and national regulations
  • 1. USA PATRIOT Act and extraterritorial laws
  • 2. EU AML Directives
Topic 2: Understanding Risks and Methods of Financial Crime26%- Terrorism financing and proliferation financing
  • 1. Sources and mechanisms
  • 2. Distinctions from money laundering
- Money laundering stages and techniques
  • 1. Placement, layering, integration
  • 2. Methods across financial sectors and businesses
- Financial crime risks and consequences
  • 1. Institutional, individual, economic and social impacts
- Sanctions regimes and compliance risks
  • 1. Risk identification and mitigation
  • 2. UN, EU, OFAC frameworks
Topic 3: Tools, Technologies and Investigations22%- 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
Topic 4: Building and Managing Anti-Financial Crime Compliance Programs28%- Program framework and policies
  • 1. Risk assessment and risk-based approach
  • 2. Policies, procedures and controls design
- Customer due diligence and know-your-customer
  • 1. CDD, EDD, beneficial ownership identification
  • 2. politically exposed persons and high-risk clients
- Audit, testing and continuous improvement
- Training, awareness and internal communication
- Monitoring, reporting and record keeping
  • 1. Legal record retention requirements
  • 2. Transaction monitoring and alert management
  • 3. Suspicious activity reporting (SAR/STR)

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ACAMS Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) Sample Questions (Q87-Q92):

NEW QUESTION # 87
A high volume of incoming wire transfers generates an alert about a client. The funds are immediately debited by cash withdrawals and outgoing wire transfers. Which information should be reviewed first to investigate this alert/case?

Answer: B


NEW QUESTION # 88
What are the common financial crime risks posed to the e-commerce business model? (Select Three.)

Answer: B,D,E

Explanation:
E-commerce business models are exposed to several financial crime risks that are clearly identified in Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) regulatory guidance, including publications from the Financial Action Task Force (FATF) and national supervisory authorities.
One key risk is the use of stolen bank card or payment data to purchase goods or services online.
E-commerce platforms are particularly vulnerable to card-not-present fraud, where criminals exploit remote payment channels to generate illicit proceeds.
Another common risk is fraud against customers through non-delivery of goods or services. In these cases, fraudulent merchants accept payments without any intention of fulfilling orders. This form of consumer fraud is recognized as a predicate offense to money laundering under AML frameworks.
Additionally, online marketplaces may be abused to move or disguise criminally obtained funds.
Criminals may conduct fake transactions, self-purchases, or repeatedly buy and resell goods to legitimize illicit funds. This activity aligns with recognized typologies such as transaction laundering and trade-based money laundering.
Although export control evasion and bribery and corruption are serious financial crimes, they are not typically considered common or inherent financial crime risks specific to standard e- commerce business models in AML/CFT guidance.


NEW QUESTION # 89
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.)

Answer: B,D,E


NEW QUESTION # 90
A compliance officer at an international bank notices that several newly opened corporate accounts receive large incoming wire transfers from unrelated third parties and quickly transfer funds offshore. The beneficial owners are difficult to identify, and supporting invoices appear generic. What is the MOST appropriate initial action?

Answer: C

Explanation:
Enhanced due diligence is appropriate because the activity includes multiple red flags such as rapid movement of funds, unclear beneficial ownership, and suspicious commercial documentation. Investigators should first gather additional information, review transactional behavior, and assess the legitimacy of the business relationship before determining whether a suspicious activity report should be filed or further action taken.


NEW QUESTION # 91
Which of the following statements is true regarding tipping off?

Answer: B

Explanation:
"Tipping off" is a serious offense under AML/CFT legislation in many jurisdictions and is consistently addressed in FATF standards. It occurs when confidential information relating to a suspicious transaction, SAR, or ongoing investigation is disclosed without authorization to a person who is the subject of the report or whose knowledge could compromise the investigation.
Such disclosures may alert criminals, allowing them to conceal evidence, move funds, or evade law enforcement. For this reason, tipping off is typically a criminal offense, not merely a breach of internal policy.
The prohibition applies broadly-not only to AFC professionals but to anyone with access to sensitive AML information. Making detailed or targeted inquiries with a customer after a transaction has been flagged can constitute tipping off if it reveals suspicion or investigative activity. Relationship managers must be carefully controlled and should not be instructed to probe customers in a way that signals suspicion.
Therefore, the correct statement is that tipping off is an unauthorized disclosure that can prejudice an investigation.


NEW QUESTION # 92
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