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ACAMS CAMS7 Exam Syllabus Topics:

Section	Weight	Objectives
Money Laundering and Terrorist Financing Concepts	30%	- Definitions and stages of money laundering 1. Placement, layering, integration 2. Terrorist financing typologies - Global AML/CFT standards 1. FATF Recommendations 2. International regulatory frameworks
Detecting and Preventing Financial Crime	20%	- Investigations and enforcement 1. Case management and documentation 2. Regulatory investigations - Financial crime typologies 1. Trade-based money laundering 2. Fraud and corruption schemes
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)
AML Compliance Framework	25%	- Roles and responsibilities 1. Governance and oversight 2. Compliance officer duties - Compliance program components 1. Internal controls 2. Policies and procedures

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ACAMS Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) Sample Questions (Q168-Q173):

NEW QUESTION # 168
Arecruitment manager in the human resources departmentof a bank hasshortlisted a candidate for the position of relationship manager in its private banking division.
Thebank's compliance policyrequiresproper background checksto protect againstfraud and money laundering risks.
Whichresourceswould bemost usefulfor identifying potential negative information regarding the shortlisted candidate? (Select Three.)

A. Personal references from close associates.
B. Personal resume.
C. Criminal history searches.
D. Internet and public media searches.
E. Past employment records.

Answer: C,D,E

Explanation:
Financial institutions must conduct thorough background checks on employees in sensitive roles (e.g., private banking) to mitigate fraud, insider trading, and money laundering risks.
Option A (Correct):Past employment records help verify work history and identify any red flags related to prior financial misconduct.
Option D (Correct):Internet and media searches reveal any negative press, regulatory issues, or connections to illicit activity.
Option E (Correct):Criminal history searches help screen for prior convictions related to financial crimes.
Why Other Options Are Incorrect:
Option B (Incorrect):Personal references are less reliable and may not uncover objective risk factors.
Option C (Incorrect):A resume is self-reported and should be verified using independent sources.
Best Practices for Employee Background Screening:
Conduct enhanced due diligence for high-risk roles (e.g., private bankers, compliance officers).
Use reliable background screening tools and legal databases.
Verify employment history and check against regulatory blacklists.
Reference:
FATF Recommendation 18 (Internal Controls & Employee Screening)
Wolfsberg Group Guidance on AML Employee Background Checks
6th EU AML Directive (6AMLD) on Employee Due Diligence

NEW QUESTION # 169
Financial crime risk related to the use of "hawalas" can stem from: (Select Two.)

A. heightened risks of returned transactions.
B. heavy usage by senior political figures.
C. difficulty in tracking the originator, recipient, and source of transactions.
D. informal networks used for cross-border transactions outside of the formal banking system.
E. remote verification of identity by third-party program managers.

Answer: C,D

Explanation:
A: "Hawala and similar informal value transfer systems are difficult to monitor, making it challenging to identify the originator, recipient, and source of funds." D: "Hawala operates through informal networks for cross-border transfers, often outside the formal banking system, increasing AML/CFT risk."

NEW QUESTION # 170
Which of the following statements is true regarding the 2012 Financial Action Task Force (FATF)
40 Recommendations and'or 11 Immediate Outcomes?

A. The 11 Immediate Outcomes are recommendations specific to high-risk jurisdictions requiring enhanced monitoring.
B. Each jurisdiction can reach out to the FATF for private access to the interpretive notes to the 40 Recommendations
C. The cornerstone of the 40 Recommendations is the adoption of a risk-based approach by each jurisdiction
D. The 40 Recommendations have not been updated to reflect the impact of new technology

Answer: C

NEW QUESTION # 171
A bank received a subpoena regarding one of its clients. The financial intelligence unit of the bank should review the subpoena and:

A. Perform a transaction review and respond fully to the subpoena.
B. File a suspicious activity report (SAR), including the receipt of the subpoena in the SAR narrative.
C. Close the client's account by informing the client of the subpoena.
D. Adjust the client's risk score and close the case.

Answer: A

NEW QUESTION # 172
Using artificial intelligence (Al) and machine learning-based techniques tn adverse media screening can: (Choose three.)

A. significantly reduce human errors arising from repetitive tasks by delivering consistent and highly accurate analysis.
B. automate the process of identifying new information and distinguishing it from previously encountered data.
C. cover multiple languages and scripts, surpassing the limitations of human linguistics.
D. ensure that all adverse media sources are comprehensively analyzed without the need for human review.
E. instantly identify intent behind media articles, allowing for more effective risk scoring.

Answer: A,B,C

Explanation:
AI and machine learning in adverse media screening can reduce human error through consistent analysis, automate the detection of new versus previously reviewed information, and process multiple languages and scripts, enabling broader and more accurate coverage than human review alone.

NEW QUESTION # 173
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