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ACAMS CAMS7 Exam Syllabus Topics:

Section	Weight	Objectives
Topic 1: 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. Ethical obligations and professional standards 2. Roles of board, senior management and compliance function - Regional and national regulations 1. EU AML Directives 2. USA PATRIOT Act and extraterritorial laws
Topic 2: Understanding Risks and Methods of Financial Crime	26%	- Sanctions regimes and compliance risks 1. Risk identification and mitigation 2. UN, EU, OFAC frameworks - Money laundering stages and techniques 1. Methods across financial sectors and businesses 2. Placement, layering, integration - 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
Topic 3: 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 - Audit, testing and continuous improvement - Monitoring, reporting and record keeping 1. Suspicious activity reporting (SAR/STR) 2. Transaction monitoring and alert management 3. Legal record retention requirements - Training, awareness and internal communication - Program framework and policies 1. Risk assessment and risk-based approach 2. Policies, procedures and controls design
Topic 4: Tools, Technologies and Investigations	22%	- Investigation processes and evidence handling 1. Case management and escalation 2. Cooperation with authorities and information sharing - Technology and systems 1. Monitoring systems, screening tools, data analytics 2. Cryptoasset and virtual asset compliance - Remediation and response 1. Corrective actions and regulatory engagement

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ACAMS Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) Sample Questions (Q105-Q110):

NEW QUESTION # 105
Technology has the potential to increase the efficiency and effectiveness of AML/CFT workflows by: (Select Two.)

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

Answer: A,D

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 # 106
A real estate buyer purchases multiple high-value properties in cash through a series of transactions in a short period of time and without any clear economic justification. Which of the following is the most likely money laundering risk associated with this behavior in the real estate sector?

A. The buyer is a real estate developer acquiring multiple properties for a potential redevelopment project with a business partner located in a high-risk jurisdiction.
B. The buyer is quickly diversifying their investment portfolio through structuring payments in order to take advantage of the liquidity of cash transactions in real estate.
C. The buyer is capitalizing on favorable market conditions and using cash purchases to outbid competitors in a competitive real estate market using insider information.
D. The buyer is using high-value real estate transactions to obscure the origin of the funds.

Answer: D

Explanation:
A: The purchase of high-value real estate using cash in multiple transactions--especially without clear economic justification--is a classic money laundering typology. The goal is typically to integrate illicit funds into the legitimate economy and obscure their origin.
"Large cash purchases of property without an obvious economic rationale are a significant red flag for money laundering in the real estate sector." This typology is highlighted in CAMS 6th Edition and the FATF's guidance on real estate ML/TF risks.

NEW QUESTION # 107
The chief compliance officer at a global bank that operates in the US, EU, and other countries is responsible for navigating the US and EU regulations related to anti-money laundering (AML) and sanctions as well as any local regulations in the countries where it operates.
What should be the primary compliance concern of the bank?

A. US anti-money laundering regulations are stricter than the EU AML Directives, making it easier for the global bank to be compliant in the EU
B. The EU's sanctions regime is stricter than that of the US Office of Foreign Assets Control (OFAC), so the bank must prioritize compliance with EU regulations over US laws and train the staff in Europe accordingly
C. US and EU regulations require the bank to build separate compliance teams, making it necessary to establish completely separate systems for US and EU operations
D. Balancing compliance with the US BSA and OFAC sanctions while ensuring adherence to EU AML directives and the GDPR, which complicates cross-border data sharing

Answer: D

Explanation:
The primary compliance concern is balancing compliance with the US Bank Secrecy Act (BSA) and OFAC sanctions while also ensuring adherence to EU AML directives and GDPR requirements. GDPR's strict data protection rules can complicate cross-border information sharing, making it challenging to align compliance across multiple jurisdictions.

NEW QUESTION # 108
A client advisor at a bank contacts a member of the compliance team for guidance on how to proceed with a client who wants to transfer US$250,000 from the sale of cryptoassets into their savings account at the bank.
What guidance should the compliance team provide?

A. Confirm to the advisor that the customer can proceed with the transaction if the client's KYC is up to date and a search on a public blockchain explorer does not provide any adverse media hits
B. Advise further clarification is necessary, including which coins or tokens were sold and whether the crypto exchange conducts due diligence on its clients
C. Advise that the transaction should be stopped because cryptoassets in general are not regulated and by definition pose an unacceptable AML risk for the bank
D. Confirm to the advisor that the customer can proceed with the transaction because clients are already correctly onboarded KYC is complete and the source of funds is transparent

Answer: B

Explanation:
The compliance team should request further clarification to assess the AML risk appropriately. This includes understanding which cryptoassets were sold and whether the exchange used applies adequate due diligence.
These details help determine the legitimacy of the source of funds and ensure compliance with AML requirements.

NEW QUESTION # 109
While there are legitimate reasons for trust and company service providers (TCSPs) to appoint a nominee shareholder, which feature of a nominee shareholder presents the greatest financial crime risk?

A. Helping non-residents comply with local ownership laws
B. Simplifying administrative tasks associated with shareholding
C. Providing anonymity for the beneficial owner by keeping their identity hidden from the public register
D. Supporting company liquidity and ease of exit strategies

Answer: C

Explanation:
Nominee shareholders may be used for legitimate commercial reasons; however, FATF guidance identifies nominee arrangements as a significant money laundering risk when they obscure beneficial ownership.
The greatest risk arises when nominee shareholders provide anonymity to the true beneficial owner, preventing transparency in public registers and complicating due diligence. Criminals may exploit this opacity to conceal ownership, evade sanctions, launder illicit proceeds, or avoid tax and regulatory scrutiny.
The ability to hide ownership undermines one of the core objectives of AML/CFT frameworks: identifying and verifying beneficial owners. As a result, regulators require enhanced due diligence and clear documentation when nominee shareholders are involved.
Other features-such as administrative efficiency, compliance with local laws, or ease of share transfer-do not inherently increase financial crime risk when transparency and disclosure requirements are met.

NEW QUESTION # 110
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