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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. Fraud and corruption schemes 2. Trade-based money laundering - Investigations and enforcement 1. Case management and documentation 2. Regulatory investigations
Topic 3: AML Compliance Framework	25%	- Compliance program components 1. Policies and procedures 2. Internal controls - 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 (Q221-Q226):

NEW QUESTION # 221
When selecting an anti-financial crime (AFC) tool for an organization, the most important factor to consider is whether the tool:

A. replaces manual compliance training for employees.
B. meets budget and cost requirements.
C. automates all regulatory reporting requirements.
D. integrates seamlessly with existing systems and processes.

Answer: D

Explanation:
The most important factor when selecting an anti-financial crime tool is its ability to integrate seamlessly with existing systems and processes. Effective integration ensures data consistency, operational efficiency, and improved detection and response to financial crime risks.

NEW QUESTION # 222
Why is it important to use multiple sanctions lists, such as United Nations (UN), Office of Foreign Assets Control ("OFAC"), and European Union ("EU") lists, in name screening systems?

A. To avoid sanctions breach related to payments
B. To avoid onboarding customers previously exited due to true match
C. To meet international regulatory requirements and identify risks across jurisdictions
D. To be in line with the risk appetite statement

Answer: C

Explanation:
Using multiple sanctions lists ensures that financial institutions meet international regulatory obligations and can identify sanctions-related risks across different jurisdictions. This comprehensive approach strengthens compliance and reduces the likelihood of exposure to sanctioned individuals or entities.

NEW QUESTION # 223
Which persons must always comply with all Office of Foreign Assets Control (OFAC) regulations?
(Select Three.)

A. Non-US financial institutions that offer accounts in USD regardless of location
B. US citizens regardless of location
C. US incorporated entities and their foreign branches
D. Permanent US resident aliens regardless of location
E. Merchants that offer US-origin goods for sale regardless of location

Answer: B,C,D

NEW QUESTION # 224
Tax evasion is:

A. a sophisticated process which always means the same as tax avoidance.
B. a deliberate attempt not to pay the tax which is due or obliged.
C. bending the rules to pay less tax than required.
D. not an important crime as it does not impact society.

Answer: B

Explanation:
Tax evasion is the deliberate and illegal act of not paying taxes that are legally owed. It is a criminal offense that can have serious consequences, including penalties, fines, and imprisonment.

NEW QUESTION # 225
A compliance officer at a financial institution has completed an investigation into a high-risk customer's activities and determined that there are strong indications of money laundering. The compliance officer has documented their findings and is ready to recommend offboarding the customer. However, the relationship manager responsible for the customer is resistant to the idea, citing the customer's significant revenue contribution to the institution. What should the compliance officer do next to ensure the appropriate escalation and decision-making process is followed?

A. Proceed with offboarding the customer unilaterally based on their investigation findings and anti- money laundering (AML) concerns
B. Attempt to persuade the relationship manager to agree with the offboarding recommendation by highlighting the potential reputational and regulatory risks associated with maintaining the relationship
C. Delay the offboarding decision and continue monitoring the customer's activities, waiting for further evidence to solidify the case for termination
D. Escalate the matter to the institution's high-risk client committee, presenting the investigation findings and recommending offboarding while also acknowledging the relationship manager's concerns

Answer: D

Explanation:
In situations involving significant AML concerns, especially with high-risk clients, thecompliance officer must follow proper escalation procedureswithin the institution. The appropriate course of action is toescalate the matter to a senior governance body, such as ahigh-risk client committee, which is typically tasked with balancing AML risk against business considerations.

NEW QUESTION # 226
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