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ACAMS CAMS7 Exam Syllabus Topics:

Section	Weight	Objectives
Topic 1: Detecting and Preventing Financial Crime	20%	- Financial crime typologies 1. Fraud and corruption schemes 2. Trade-based money laundering - Investigations and enforcement 1. Regulatory investigations 2. Case management and documentation
Topic 2: Risk Management and Due Diligence	25%	- Customer Due Diligence (CDD/KYC) 1. Customer identification programs (CIP) 2. Enhanced due diligence (EDD) - Transaction monitoring and reporting 1. Monitoring systems and typologies 2. Suspicious Activity Reports (SAR/STR)
Topic 3: Money Laundering and Terrorist Financing Concepts	30%	- Definitions and stages of money laundering 1. Terrorist financing typologies 2. Placement, layering, integration - Global AML/CFT standards 1. International regulatory frameworks 2. FATF Recommendations
Topic 4: AML Compliance Framework	25%	- Compliance program components 1. Internal controls 2. Policies and procedures - Roles and responsibilities 1. Compliance officer duties 2. Governance and oversight

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ACAMS Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) Sample Questions (Q424-Q429):

NEW QUESTION # 424
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. Regulatory guidance or publications
C. Government or state-run newspapers
D. Guidance issued by international bodies
E. National Risk Assessment

Answer: B,D,E

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 # 425
What is the PRIMARY AML concern regarding prepaid cards?

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

Answer: B

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 # 426
Correspondent banking is considered a higher-risk banking sector because correspondent banking transactions:

A. Are made primarily to and from high-risk jurisdictions
B. Can be made anonymously and without beneficial ownership information
C. Typically include less information than domestic payments
D. Are made cross-border and on behalf of third parties

Answer: D

Explanation:
Correspondent banking relationships are recognized as higher risk under FATF guidance primarily because transactions are cross-border and conducted on behalf of third-party customers.
In correspondent banking, a respondent bank may process transactions for customers that the correspondent bank does not have a direct relationship with. This reduces transparency and limits the correspondent's ability to fully assess customer identity, beneficial ownership, and transaction purpose.
While correspondent transactions may involve high-risk jurisdictions, this is not always the case.
They are not anonymous by design, and payment messaging standards often require significant information. However, the indirect customer relationship and cross-border nature introduce complexity, jurisdictional risk, and reliance on the respondent bank's controls.
Therefore, third-party and cross-border exposure is the key driver of heightened risk.

NEW QUESTION # 427
Red flags for potential money laundering in real estate include completing luxury real estate purchases.
(Select Two.)

A. using legal entities and intermediaries to protect the privacy of the purchasers.
B. using shell companies or trusts for privacy, lax planning, or asset protection.
C. in the names of unrelated thud patties.
D. using the proceeds from selling a prior property or liquidating investments to make an all-cash purchase
E. using loans backed by cash or certificates of deposit.

Answer: A,C

NEW QUESTION # 428
What areas of laws and regulations have the greatest impact on AML/CFT applications? (Choose three.)

A. Information security, data privacy, and cybersecurity
B. Electronic contract and biological signature acceptance
C. Foreign exchange control, and precious gemstone and metal dealing
D. Consumer protection, financial inclusion, and environmental, social and governance
E. Ombudsman and anti-competition authority

Answer: A,C,D

Explanation:
AML/CFT (Anti-Money Laundering/Countering the Financing of Terrorism) applications are heavily influenced by various laws and regulations. The most impactful areas include:
Information security, data privacy, and cybersecurity - AML/CFT compliance relies on collecting and analyzing financial data. Data protection laws (e.g., GDPR) impact how financial institutions store, share, and protect sensitive customer information while ensuring that AML measures remain effective.
Foreign exchange control, and precious gemstone and metal dealing - Criminals often launder money through foreign currency transactions, gold, diamonds, and other high-value assets.
Regulations governing these sectors help prevent financial crime.
Consumer protection, financial inclusion, and ESG - AML/CFT frameworks must balance risk mitigation with ensuring access to financial services (financial inclusion). Additionally, ESG policies play a growing role in identifying illicit financial.

NEW QUESTION # 429
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