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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 - Program framework and policies 1. Policies, procedures and controls design 2. Risk assessment and risk-based approach - Training, awareness and internal communication - Customer due diligence and know-your-customer 1. politically exposed persons and high-risk clients 2. CDD, EDD, beneficial ownership identification - Audit, testing and continuous improvement
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
Global Anti-Financial Crime Frameworks, Governance and Regulations	24%	- Regional and national regulations 1. EU AML Directives 2. USA PATRIOT Act and extraterritorial laws - 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 - Money laundering stages and techniques 1. Placement, layering, integration 2. Methods across financial sectors and businesses - Terrorism financing and proliferation financing 1. Sources and mechanisms 2. Distinctions from money laundering - Financial crime risks and consequences 1. Institutional, individual, economic and social impacts

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ACAMS Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) Sample Questions (Q215-Q220):

NEW QUESTION # 215
Trust and company service providers (TCSPs) should address money laundering risk by: (Select Three.)

A. Conducting an onsite evaluation of the client to assess internal controls
B. Establishing dual controls and quality assurance practices when processing transactions for the client
C. Gathering and recording information from clients to understand the purpose of the legal entity, as well as the identity of managers and ultimate beneficial owners
D. Requiring the client to complete and submit an AML risk self-assessment to the jurisdiction's Financial Intelligence Unit (FIU)
E. Establishing procedures to document the basis on which the TCSP will act as a registered officer for the client and retaining records of that involvement
F. Considering what additional safeguards may be required when client instructions are given through another TCSP located in another jurisdiction

Answer: C,E,F

Explanation:
Trust and company service providers (TCSPs) are classified as higher-risk entities under FATF guidance due to their role in forming and managing legal structures. As a result, TCSPs must implement robust AML controls to mitigate misuse for money laundering.
A key requirement is gathering and recording detailed client information, including the purpose of the legal entity and the identity of managers and ultimate beneficial owners (UBOs). This supports effective customer due diligence and transparency.
TCSPs must also apply additional safeguards when relying on instructions from another TCSP, particularly one located in a different jurisdiction. Reliance on intermediaries increases risk and requires enhanced scrutiny.
Additionally, TCSPs should document the basis on which they act as a registered officer and retain records of their involvement. This ensures accountability and traceability in line with record-keeping obligations.
Requiring clients to submit AML self-assessments to an FIU and conducting onsite evaluations are not standard or required practices under AML frameworks.

NEW QUESTION # 216
When applying new technologies to AML, application programming interfaces (APIs) allow for:

A. Different applications to connect and communicate
B. Authentication via artificial intelligence (AI) and biometrics
C. Quick CDD and client traits analysis during onboarding
D. Digital identification on mobile devices

Answer: A

Explanation:
Application Programming Interfaces (APIs)are tools that enableinterconnectivity and data exchangebetween different software applications. In AML contexts, APIs are commonly used tointegrate third-party systems, such as screening tools, customer databases, and transaction monitoring platforms, ensuring real-time and accurate flow of information.
This technological capability supports enhancedautomation, agility, and efficiencyin AML processes.
Reference: ACAMS CAMS Study Guide - 6th Edition, Chapter:Technology and AML- Section:Emerging Technologies and APIs in Compliance

NEW QUESTION # 217
Which of the following attributes would enhance an AML program's effectiveness?

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

Answer: C

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.

NEW QUESTION # 218
The Basel Committee on Banking Supervision (BCBS) is an international body consisting of senior representatives of central banks and banking regulatory authorities.
Which of the following statements accurately describe guidance provided by the BCBS? (Select Three.)

A. The Basel Committee is composed of the 28 largest banks in the world
B. The Basel Committee's Core Principles include guidance on customer identification and acceptance
C. Basel guidance includes standards to be incorporated into local legal frameworks, guidelines for implementation, and best-practice guidance
D. Members of the BCBS must implement its standards or face suspension from membership
E. Since the Basel Committee has no enforcement authority, it relies on the commitment of its members to carry out its guidance

Answer: B,C,E

Explanation:
The Basel Committee on Banking Supervision (BCBS) is a global standard-setting body that develops prudential banking standards and supervisory guidance, including key principles relevant to AML/CFT governance.
The BCBS does not have legal enforcement authority. Instead, it relies on the commitment of its member jurisdictions to implement its standards through national laws and supervisory practices. This cooperative model reflects the committee's role as a standard-setter rather than a regulator.
Basel guidance includes international standards, implementation guidelines, and best practices designed to strengthen banking supervision and risk management frameworks globally. These materials are intended to be adopted and adapted within local legal and regulatory systems.
The Basel Core Principles for Effective Banking Supervision explicitly include guidance on customer identification, acceptance, and ongoing monitoring, aligning closely with AML/CFT expectations.
The committee is composed of central banks and supervisory authorities, not individual banks, and there are no formal penalties such as suspension for non-implementation.

NEW QUESTION # 219
According to the Financial Action Task Force (FATF) methodology, which situations would require a financial institution (FI) to consider filing a suspicious activity report?

A. A FI identifies the payer is a dealer in precious metals or stones.
B. A beneficiary of a transaction is a politically exposed person.
C. A FI is unable to verify the relevant customer due diligence documents.
D. A transaction involves funds exchanged from crypto to fiat currencies.

Answer: C

NEW QUESTION # 220
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