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ACAMS CAMS7 Exam Syllabus Topics:

Section	Weight	Objectives
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
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)
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
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. Placement, layering, integration 2. Terrorist financing typologies

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ACAMS Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) Sample Questions (Q110-Q115):

NEW QUESTION # 110
Which of the following are considered best practices for effective AML/CFT training programs?
(Select Three.)

A. Training should cover practical examples, use case studies, and provide information on how to comply with policies.
B. Training should be broad, high level, and not role-specific in order to reach the largest audience.
C. Training should always be provided by an independent third party.
D. Up-to-date records including logs of training and completion dates should be maintained.
E. Training should cover the consequences of not complying with policies and procedures.

Answer: A,D,E

Explanation:
A: "Effective training includes practical examples and use cases tailored to the business." B: "Firms must keep accurate records of all AML/CFT training, including completion logs." D: "Staff should be aware of the consequences of non-compliance with AML/CFT obligations."

NEW QUESTION # 111
Professional service providers--including lawyers, accountants, investment brokers, and other third parties--may abuse their positions to facilitate money laundering. Which financial crime risks are associated with this type of abuse? (Select Three.)

A. Directing or facilitating the laundering of illicit funds, including structuring transactions
B. Opening third-party accounts for the primary purpose of masking the underlying client's identity
C. Establishing shell companies to enable money laundering activities, including placement or layering
D. Opening a trust account to facilitate a legitimate real estate transaction
E. Opening an account to settle an estate on behalf of a client

Answer: A,B,C

Explanation:
Professional service providers can be misused as enablers of money laundering when they abuse their trusted positions and expertise. FATF guidance highlights several risks linked to such abuse.
The creation of shell companies is a common method used to obscure beneficial ownership and facilitate placement or layering of illicit funds. Similarly, opening third-party accounts to mask the true client identity directly undermines transparency and due diligence requirements.
Additionally, actively directing or facilitating the structuring or movement of illicit funds constitutes direct involvement in money laundering schemes and is a serious criminal offense.
By contrast, opening estate or trust accounts for legitimate, transparent purposes does not inherently pose a financial crime risk when proper due diligence is applied.

NEW QUESTION # 112
Criminals may misuse financial statements prepared by accountants to hide illicit assets. Which of the following scenarios poses the greatest risk of financial statement manipulation by criminals?

A. Criminals posing as individuals seeking financial advice to place assets out of reach to avoid future liabilities
B. Incomplete records being provided during bookkeeping, making them difficult to audit
C. A lack of professional body oversight or required use of accounting and auditing standards in the country of incorporation of the entity
D. Accountants being used as intermediaries to introduce criminals to financial institutions

Answer: C

Explanation:
A: The absence of professional oversight or accounting/auditing standards creates a high-risk environment for financial statement manipulation. Without external checks or mandated standards, criminals can more easily falsify statements to hide illicit assets.
"The lack of regulatory oversight and professional standards in accounting and auditing significantly increases the risk of manipulation and fraud in financial reporting."

NEW QUESTION # 113
Which of the following are important AML controls for a compliance manager of a regulated asset management company in the European Union to implement? (Select Two.)

A. Performing negative news checks of prospective customers
B. Understanding the source and origin of assets
C. Rejecting any politically exposed persons (PEPs) as customers
D. Producing financial stability reports on interesting customers
E. Inviting prospective customers for an onboarding interview

Answer: A,B

Explanation:
Understanding the source and origin of assets (C):According to the CAMS 6th Edition (Chapter: Customer Due Diligence and Enhanced Due Diligence) and the EU 4th & 5th AML Directives, regulated entities are required to take adequate measures to understand the source of funds and the origin of assets of their customers, especially when there are higher risk factors such as large transactions or PEPs."Firms must identify the source and origin of assets to ensure they are not the proceeds of crime or corruption, particularly for higher-risk customers."(CAMS 6th Edition, CDD/EDD Requirements; EU Directive 2015/849, Article 20) Performing negative news checks of prospective customers (D):Adverse media screening is an essential part of the onboarding process for identifying potential risks related to money laundering, terrorist financing, or reputational harm."Negative news or adverse media checks form a vital component of the due diligence process, helping organizations detect links to criminal or suspicious activities."(CAMS 6th Edition, CDD
/EDD Requirements)
Incorrect Options:
A: Onboarding interviews may be part of EDD, but are not a standard or required AML control.
B: PEPs are not to be automatically rejected; instead, enhanced due diligence should be applied.
E: Producing financial stability reports is not an AML control, but may be relevant for credit or investment assessment.
References:
CAMS Study Guide 6th Edition, Customer Due Diligence
EU 4th AML Directive (Directive 2015/849/EU)
EU 5th AML Directive (Directive 2018/843/EU)

NEW QUESTION # 114
A law enforcement agency submits several requests to a financial institution. Which request is legitimate and requires the bank to respond?

A. Freeze an account in terms of a court order
B. Produce documents and testimony without a subpoena
C. Seize privileged documents upon written request
D. Keep an account open upon verbal request

Answer: A

NEW QUESTION # 115
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