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ACAMS CAMS7 Exam Syllabus Topics:

Section	Weight	Objectives
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 - Training, awareness and internal communication - Customer due diligence and know-your-customer 1. CDD, EDD, beneficial ownership identification 2. politically exposed persons and high-risk clients - Audit, testing and continuous improvement - Program framework and policies 1. Risk assessment and risk-based approach 2. Policies, procedures and controls design
Global Anti-Financial Crime Frameworks, Governance and Regulations	24%	- Regional and national regulations 1. USA PATRIOT Act and extraterritorial laws 2. EU AML Directives - International standards and bodies 1. FATF 40 Recommendations 2. Basel Committee, Wolfsberg Group, UN conventions - Governance, accountability and ethics 1. Roles of board, senior management and compliance function 2. Ethical obligations and professional standards
Understanding Risks and Methods of Financial Crime	26%	- Sanctions regimes and compliance risks 1. Risk identification and mitigation 2. UN, EU, OFAC frameworks - Terrorism financing and proliferation financing 1. Distinctions from money laundering 2. Sources and mechanisms - Money laundering stages and techniques 1. Methods across financial sectors and businesses 2. Placement, layering, integration - Financial crime risks and consequences 1. Institutional, individual, economic and social impacts
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. Cooperation with authorities and information sharing 2. Case management and escalation

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ACAMS Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) Sample Questions (Q106-Q111):

NEW QUESTION # 106
According to Basel Committee guidelines, which level of the organization should determine whether or not to enter business relationships with higher risk customers?

A. First-level management
B. Senior management
C. Account opening staff
D. Middle management

Answer: B

NEW QUESTION # 107
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. Producing financial stability reports on interesting customers
B. Performing negative news checks of prospective customers
C. Inviting prospective customers for an onboarding interview
D. Understanding the source and origin of assets
E. Rejecting any politically exposed persons (PEPs) as customers

Answer: B,D

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 # 108
A National Risk Assessment (NRA) can impact a financial institution's (Fl's) risk-based approach to anti- money laundering and terrorism financing by:

A. determining the maximum fines that can be imposed for AML violations.
B. providing guidance on the types of customers and transactions that pose the highest risk.
C. dictating what predicate offences must be considered in the Fl's risk assessment.
D. defining exactly what policies and procedures must be implemented.

Answer: B

Explanation:
A National Risk Assessment (NRA) provides valuable guidance on which customers, products, services, and transactions pose the highest risk for money laundering and terrorist financing, enabling financial institutions to tailor their risk-based approach and allocate resources more effectively.

NEW QUESTION # 109
Which of the following indicators of potentially suspicious activity are commonly associated with high-risk business sectors and structures such as shell companies? (Select Three.)

A. Knowing the goods or services, if identified, do not match the profile of the company or the nature of the financial activity
B. Insufficient or no information is available to identify originators or beneficiaries of funds transfers through searches or direct inquiries
C. A company regularly conducts large-volume transactions in a medium-risk jurisdiction with longstanding business partners and provides complete documentation and audit trails
D. Payments have no stated purpose, do not reference goods or services, or only reference a contract or invoice number
E. All payments are in smaller amounts below reporting thresholds but are high when aggregated while still being consistent with standard business practices

Answer: A,B,D

Explanation:
Shell companies and other high-risk business structures are commonly associated with money laundering schemes designed to obscure ownership and transaction purpose. FATF guidance identifies several red flags indicative of such misuse.
A mismatch between goods or services and the company's stated business profile suggests fictitious or manipulated transactions. Insufficient information on originators or beneficiaries of funds transfers further increases suspicion, as transparency is a core AML requirement.
Additionally, payments lacking a clear purpose or meaningful description may indicate layering or attempts to conceal illicit activity.
Conversely, well-documented transactions with established partners and legitimate audit trails are indicators of lower risk. While structuring below reporting thresholds can be suspicious, it must also be inconsistent with standard business practices to qualify as a red flag.

NEW QUESTION # 110
Reference data screening includes the screening of which types of datasets? (Select Two.)

A. Customer spouses
B. Types of payment messages
C. Third-party service providers
D. Customers

Answer: C,D

Explanation:
Reference data screening is a core element of AML/CFT programs and typically covers:
Customers (B):"All customers must be screened against sanctions, PEP, and adverse media lists as part of onboarding and ongoing due diligence."(CAMS 6th Edition, Due Diligence and Screening) Third-party service providers (C):"Screening should extend to relevant third parties, such as agents and service providers, to prevent indirect exposure to sanctioned entities."(CAMS 6th Edition, Third-Party Screening; FATF Recommendations) Incorrect Options:
A: Types of payment messages are not screened; the entities/individuals are.
D: Customer spouses may be screened in some KYC processes but are not a standard dataset for reference screening.
References:
CAMS 6th Edition, Due Diligence and Screening
FATF Recommendations 10, 13, and 16

NEW QUESTION # 111
......

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