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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. Suspicious Activity Reports (SAR/STR) 2. Monitoring systems and typologies - Customer Due Diligence (CDD/KYC) 1. Enhanced due diligence (EDD) 2. Customer identification programs (CIP)
Topic 2: 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
Topic 3: Detecting and Preventing Financial Crime	20%	- Investigations and enforcement 1. Regulatory investigations 2. Case management and documentation - Financial crime typologies 1. Fraud and corruption schemes 2. Trade-based money laundering
Topic 4: AML Compliance Framework	25%	- Roles and responsibilities 1. Governance and oversight 2. Compliance officer duties - Compliance program components 1. Internal controls 2. Policies and procedures

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ACAMS Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) Sample Questions (Q130-Q135):

NEW QUESTION # 130
A compliance officer is completing a case and has determined that the events do not merit filing a suspicious activity report (SAR).
Which of the following should be included in the case notes to justify not filing a SAR? (Choose two.)

A. How the money flowed through the institution
B. When the unusual activity occurred
C. Why the officer deemed that the case did not merit filing a SAR
D. Who made the decision not to file the SAR
E. How much money was involved in the case

Answer: C,D

Explanation:
Case notes should document who made the decision and the rationale for not filing the SAR to ensure transparency, support auditability, and demonstrate compliance with regulatory expectations.

NEW QUESTION # 131
Which collective body of Financial Intelligence Units (FlUs) was formed with an objective to improve Information exchange and sharing mechanisms among member FlUs as well as to support its members by enhancing their capabilities'?

A. The International Monetary Fund (IMF)
B. The Egmont Group
C. The Wolfsberg Group
D. The Organisation for Economic Co-operation and Development (OECD)

Answer: B

NEW QUESTION # 132
In which of the following situations would it be most crucial for the designated AML compliance officer of a company to perform a complete review of the company's AML program, including identifying the risks and commensurate controls?

A. The company is merging with or acquiring another entity
B. An external audit highlights several deficiencies
C. A high-profile money laundering case involving another industry is publicized
D. Extensive AML legislation is proposed by a legislative body in the company's jurisdiction

Answer: A

NEW QUESTION # 133
Which of the following conditions contribute to a politically exposed person (PEP) posing greater risk than a typical high-risk bank customer? (Select Two.)

A. The family members and close associates of PEPs may be involved in illicit activities.
B. PEPs can have illegitimate fund sources but are legally protected from having their accounts closed for activities outside a bank's risk appetite.
C. PEPs may exploit embassy activities to conceal bribery and corruption transactions.
D. PEPs are granted unlimited credit and financial immunity under international banking regulations.

Answer: A,C

Explanation:
PEPs are recognized by CAMS 6th Edition and FATF as posing elevated risk due to:
A). The family members and close associates of PEPs may be involved in illicit activities:"The risks extend beyond the PEP to family members and close associates, who may be used to conceal the movement of illicit funds."(CAMS 6th Edition, PEP Risk Factors; FATF Guidance) C). PEPs may exploit embassy activities to conceal bribery and corruption transactions:"PEPs may use their position or diplomatic privileges, such as embassy operations, to disguise or facilitate the movement of illicit funds."(CAMS 6th Edition, Corruption and PEP Risks) Incorrect Options:
B: There is no such legal provision granting PEPs financial immunity or unlimited credit.
D: Banks may (and often must) exit PEP relationships not in line with their risk appetite.
References:
CAMS 6th Edition, PEPs and Enhanced Due Diligence
FATF Guidance: PEPs (2013)

NEW QUESTION # 134
A customer deposits cash amounts just below reporting thresholds at multiple branches over several weeks. The customer claims the funds come from restaurant sales but refuses to provide business records. Which money laundering stage is MOST likely represented?

A. Concealment
B. Layering
C. Placement
D. Integration

Answer: C

Explanation:
Placement is the stage where illicit cash enters the financial system. Structuring deposits below reporting thresholds is a classic placement technique designed to avoid detection and currency transaction reporting requirements. The customer's refusal to provide supporting business records further strengthens suspicion that the activity may involve attempts to introduce criminal proceeds into the banking system.

NEW QUESTION # 135
......

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