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ACAMS CAMS7 Exam Syllabus Topics:

Section	Weight	Objectives
Topic 1: Building and Managing Anti-Financial Crime Compliance Programs	28%	- Monitoring, reporting and record keeping 1. Transaction monitoring and alert management 2. Suspicious activity reporting (SAR/STR) 3. Legal record retention requirements - Audit, testing and continuous improvement - 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. politically exposed persons and high-risk clients 2. CDD, EDD, beneficial ownership identification - Training, awareness and internal communication
Topic 2: 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. Roles of board, senior management and compliance function 2. Ethical obligations and professional standards - Regional and national regulations 1. EU AML Directives 2. USA PATRIOT Act and extraterritorial laws
Topic 3: Tools, Technologies and Investigations	22%	- Remediation and response 1. Corrective actions and regulatory engagement - Investigation processes and evidence handling 1. Cooperation with authorities and information sharing 2. Case management and escalation - Technology and systems 1. Cryptoasset and virtual asset compliance 2. Monitoring systems, screening tools, data analytics
Topic 4: Understanding Risks and Methods of Financial Crime	26%	- Sanctions regimes and compliance risks 1. UN, EU, OFAC frameworks 2. Risk identification and mitigation - 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

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ACAMS Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) Sample Questions (Q334-Q339):

NEW QUESTION # 334
What is the primary advantage of using a risk-based approach in allocating compliance resources?

A. It eliminates the need for periodic audits of low-risk customers.
B. It ensures focus on high-risk areas while maintaining operational efficiency.
C. It standardizes compliance processes across all regions.
D. It reduces the overall cost of compliance programs.

Answer: B

Explanation:
The CAMS 6th Edition highlights that a risk-based approach enables organizations to efficiently allocate compliance resources, focusing efforts on areas presenting the highest risk, thereby ensuring both regulatory compliance and operational effectiveness.
"A risk-based approach allows firms to concentrate resources and controls where the risk of ML/TF is highest, while applying simplified measures to lower-risk areas. This enhances both effectiveness and efficiency."

NEW QUESTION # 335
Which characteristic is MOST associated with high-risk customers?

A. Consistent local retail purchases
B. Frequent unexplained international activity involving high-risk regions
C. Transparent ownership and stable income
D. Predictable payroll transactions

Answer: B

Explanation:
Frequent international activity involving high-risk jurisdictions without clear economic purpose elevates AML concerns. Geographic exposure, transactional complexity, and unexplained movement of funds are key indicators institutions use when assessing customer risk profiles and monitoring obligations.

NEW QUESTION # 336
Which control would be most effective as part of a risk-based approach (RBA) to managing AML/CFT risk for a bank established in the EU that also has a branch in a high-risk third country outside of the EU?

A. Fully rely on central beneficial owner registry records in the high-risk third country to determine the ultimate beneficial owners of all customers
B. Automatically apply enhanced customer due diligence measures to all customers in the high-risk third- country branch regardless of risk level
C. Apply tailored due diligence measures, based on the level of risk posed by each customer following risk assessment
D. Monitor every cross-border transaction in real time, flagging all for enhanced scrutiny due to the country risk level

Answer: C

Explanation:
As part of a risk-based approach, the bank should apply tailored due diligence measures based on the assessed risk level of each customer. This ensures resources are focused where they are most needed, rather than applying uniform enhanced measures to all customers, which can be inefficient and unnecessary.

NEW QUESTION # 337
Money laundering can have a profound impact on the global economy that includes:

A. Increased inflation and low economic growth
B. Increased sectoral polarization
C. Declining money supplies
D. Destabilization of legitimate governments

Answer: D

Explanation:
Money laundering has far-reaching consequences that extend beyond individual institutions and directly affect national and global economic stability. FATF and international bodies consistently highlight that large-scale money laundering can undermine political and economic systems.
One of the most significant impacts is the destabilization of legitimate governments. Money laundering enables organized crime, corruption, and terrorist financing, which can weaken public institutions, distort policy-making, and erode public trust. In extreme cases, criminal organizations gain influence over governments, law enforcement, or key economic sectors.
While money laundering can indirectly affect inflation and growth, it does not directly cause declining money supplies. "Sectoral polarization" is not a standard or widely recognized economic impact in AML literature.
The most consistently recognized systemic consequence is the erosion of governance, rule of law, and institutional integrity.
Therefore, destabilization of legitimate governments is the most accurate and regulator-supported answer.

NEW QUESTION # 338
A trust and company services provider that offers a variety of services to businesses is approached by a client interested in establishing a new company. The client requests assistance with the incorporation process, a local business address, annual maintenance services, and the designation of individuals to serve in official capacities for the new company.
Which of the following services involves a higher money laundering risk?

A. Company incorporation services
B. Appointing individuals to serve in official capacities of the company
C. Annual maintenance services
D. Provision of a local business address

Answer: B

Explanation:
Appointing individuals to serve in official capacities poses a higher money laundering risk because it can be used to obscure the true beneficial ownership and control of the company, making it easier to conceal illicit activities or the identity of those directing the business.

NEW QUESTION # 339
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