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ACAMS CAMS7 Exam Syllabus Topics:

Section	Weight	Objectives
Topic 1: Tools, Technologies and Investigations	22%	- Technology and systems 1. Cryptoasset and virtual asset compliance 2. Monitoring systems, screening tools, data analytics - Remediation and response 1. Corrective actions and regulatory engagement - Investigation processes and evidence handling 1. Case management and escalation 2. Cooperation with authorities and information sharing
Topic 2: Global Anti-Financial Crime Frameworks, Governance and Regulations	24%	- Governance, accountability and ethics 1. Ethical obligations and professional standards 2. Roles of board, senior management and compliance function - International standards and bodies 1. Basel Committee, Wolfsberg Group, UN conventions 2. FATF 40 Recommendations - Regional and national regulations 1. USA PATRIOT Act and extraterritorial laws 2. EU AML Directives
Topic 3: Understanding Risks and Methods of Financial Crime	26%	- Financial crime risks and consequences 1. Institutional, individual, economic and social impacts - 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 - Sanctions regimes and compliance risks 1. Risk identification and mitigation 2. UN, EU, OFAC frameworks
Topic 4: 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 - Training, awareness and internal communication - Program framework and policies 1. Risk assessment and risk-based approach 2. Policies, procedures and controls design - Monitoring, reporting and record keeping 1. Legal record retention requirements 2. Transaction monitoring and alert management 3. Suspicious activity reporting (SAR/STR) - Audit, testing and continuous improvement

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ACAMS Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) Sample Questions (Q65-Q70):

NEW QUESTION # 65
When deciding on the frequency of periodic customer due diligence (CDD) refresh, firms should foremost consider the:

A. Available level of automation for the process
B. Risk profile of customers
C. Cost of implementation
D. Operational burden of periodic refresh implementation

Answer: B

Explanation:
AML/CFT frameworks worldwide require firms to apply a risk-based approach (RBA) to customer due diligence. Under FATF standards, the risk profile of the customer is the primary factor that determines how frequently CDD information should be refreshed.
Higher-risk customers-such as politically exposed persons (PEPs), customers operating in high-risk jurisdictions, or those with complex ownership structures-require more frequent reviews and updates to ensure information remains accurate and risks are appropriately mitigated. Lower-risk customers may be subject to less frequent refresh cycles.
Operational burden, cost, or automation capabilities are not valid drivers for determining CDD refresh frequency. Regulators expect firms to design processes that align with risk, even if this requires additional resources or system enhancements.
Therefore, customer risk profile is the foremost and decisive consideration when setting periodic CDD refresh timelines.

NEW QUESTION # 66
Which of the following attributes would enhance an AML program's effectiveness?

A. Providing basic AML training to all employees
B. Auditors providing prescriptive guidance and support to the program following a less than satisfactory audit
C. An AML officer being appointed to the board as a working member of management with increased authority
D. Providing effective challenge with AML staff and continuous cross-training

Answer: D

Explanation:
Effective AML programs promote aculture of compliance, which includes an environment where staff are empowered to raise concerns, challenge decisions, and continuously improve through cross-functional learning.Providing effective challengeis a supervisory expectation and best practice in institutions that value AML governance integrity.
While AML officer authority (option B) supports oversight, it is not as impactful on daily operational effectiveness as fostering a challenging and adaptive compliance culture.
Reference: ACAMS CAMS Study Guide - 6th Edition, Chapter: AML Program Components - Section:
Culture of Compliance

NEW QUESTION # 67
What are the roles of a government Financial Intelligence Unit (FIU)? (Select Three.)

A. Investigate and where appropriate prosecute all suspicious transaction and suspicious activity reports received from reporting institutions or obliged institutions
B. Disseminate the analysis of suspicious transaction and suspicious activity reports to local law enforcement agencies and foreign FIUs to combat money laundering
C. Analyze all suspicious transaction and suspicious activity reports received from reporting institutions or obliged institutions
D. Receive reports of suspicious transactions and suspicious activities from reporting institutions or obliged institutions
E. Disseminate analysis of suspicious transaction and suspicious activity reports to foreign judicial systems to enhance their anti-money laundering and terrorist financing investigations and prosecutions

Answer: B,C,D

NEW QUESTION # 68
What are the primary sources of reference besides AML laws and regulations when developing and maintaining the AML policies, standards, and procedures of a bank? (Choose three.)

A. Policies and procedures developed by other banks
B. National Risk Assessment
C. Guidance issued by international bodies
D. Regulatory guidance or publications
E. Government or state-run newspapers

Answer: B,C,D

Explanation:
When developing and maintaining AML policies, standards, and procedures, banks should rely on the National Risk Assessment, regulatory guidance or publications, and guidance issued by international bodies to ensure their frameworks align with both domestic and global best practices and risk considerations.

NEW QUESTION # 69
What is the PRIMARY AML concern regarding prepaid cards?

A. They always generate interest income
B. They eliminate cyber risks completely
C. They reduce transaction speed
D. They may permit anonymous movement of funds

Answer: D

Explanation:
Prepaid cards can present AML risks because they may facilitate rapid transfer or withdrawal of funds with reduced transparency, especially when customer identification requirements are weak.
Criminals may use prepaid products for structuring, cross-border movement of value, or layering illicit proceeds.

NEW QUESTION # 70
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