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ACAMS CAMS7 Exam Syllabus Topics:

Section	Weight	Objectives
Topic 1: Global Anti-Financial Crime Frameworks, Governance and Regulations	24%	- Governance, accountability and ethics 1. Roles of board, senior management and compliance function 2. Ethical obligations and professional standards - International standards and bodies 1. Basel Committee, Wolfsberg Group, UN conventions 2. FATF 40 Recommendations - Regional and national regulations 1. USA PATRIOT Act and extraterritorial laws 2. EU AML Directives
Topic 2: Understanding Risks and Methods of Financial Crime	26%	- Sanctions regimes and compliance risks 1. UN, EU, OFAC frameworks 2. Risk identification and mitigation - 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 - Money laundering stages and techniques 1. Placement, layering, integration 2. Methods across financial sectors and businesses
Topic 3: Building and Managing Anti-Financial Crime Compliance Programs	28%	- Monitoring, reporting and record keeping 1. Legal record retention requirements 2. Suspicious activity reporting (SAR/STR) 3. Transaction monitoring and alert management - Audit, testing and continuous improvement - Program framework and policies 1. Policies, procedures and controls design 2. Risk assessment and risk-based approach - Customer due diligence and know-your-customer 1. CDD, EDD, beneficial ownership identification 2. politically exposed persons and high-risk clients - Training, awareness and internal communication
Topic 4: Tools, Technologies and Investigations	22%	- Technology and systems 1. Monitoring systems, screening tools, data analytics 2. Cryptoasset and virtual asset compliance - 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 (Q205-Q210):

NEW QUESTION # 205
According to the Financial Action Task Force (FATF) Recommendation regarding "tipping off," which of the following statements accurately describes the obligations of reporting entities?

A. Reporting entities can share general information about suspicious activities internally within the organization without compromising confidentiality
B. Reporting entities are allowed to discuss suspicious activities with clients if it helps clarify a situation before submitting a suspicious activity report
C. Reporting entities must inform their clients if a suspicious activity report (SAR) has been filed, as part of maintaining transparency in customer relations
D. Reporting entities are prohibited from disclosing to clients or third parties that a suspicious activity report (SAR) has been filed or that an investigation is ongoing

Answer: D

Explanation:
According to FATF Recommendations, reporting entities are strictly prohibited from disclosing to clients or third parties that a suspicious activity report (SAR) has been filed or that an investigation is ongoing. This prohibition, known as "tipping off," is designed to preserve the integrity of investigations and prevent suspects from taking evasive actions.

NEW QUESTION # 206
Which of the following statements is true regarding Office of Foreign Assets Control (OFAC) sanctions? (Select Two.)

A. Sanctions can only be placed on certain individuals in foreign countries as designated by OFAC
B. Sanctions can be either comprehensive or selective using the blocking of assets and trade restrictions to accomplish foreign policy and national security goals
C. OFAC sanctions automatically expire after five years unless renewed by Congress
D. Blocked funds must be placed into an interest-bearing account on a financial institution's books

Answer: B,D

Explanation:
OFAC sanctions are a key element of the U.S. AML/CFT framework. According to the CAMS 6th Edition and OFAC regulations:
Blocked funds must be placed into an interest-bearing account on a financial institution's books (B):"Blocked property must be held in a separate interest-bearing account on the books of the U).S. financial institution." Sanctions can be either comprehensive or selective using the blocking of assets and trade restrictions (C):"OFAC administers both comprehensive and targeted (selective) sanctions programs to fulfill U.S. foreign policy and national security goals."

NEW QUESTION # 207
A customer deposits cash amounts just below reporting thresholds at multiple branches over several weeks. The customer claims the funds come from restaurant sales but refuses to provide business records. Which money laundering stage is MOST likely represented?

A. Placement
B. Layering
C. Integration
D. Concealment

Answer: A

Explanation:
Placement is the stage where illicit cash enters the financial system. Structuring deposits below reporting thresholds is a classic placement technique designed to avoid detection and currency transaction reporting requirements. The customer's refusal to provide supporting business records further strengthens suspicion that the activity may involve attempts to introduce criminal proceeds into the banking system.

NEW QUESTION # 208
Money laundering can have a profound impact on the global economy that includes:

A. Increased sectoral polarization
B. Declining money supplies
C. Destabilization of legitimate governments
D. Increased inflation and low economic growth

Answer: C

Explanation:
Money laundering has far-reaching consequences that extend beyond individual institutions and directly affect national and global economic stability. FATF and international bodies consistently highlight that large-scale money laundering can undermine political and economic systems.
One of the most significant impacts is the destabilization of legitimate governments. Money laundering enables organized crime, corruption, and terrorist financing, which can weaken public institutions, distort policy-making, and erode public trust. In extreme cases, criminal organizations gain influence over governments, law enforcement, or key economic sectors.
While money laundering can indirectly affect inflation and growth, it does not directly cause declining money supplies. "Sectoral polarization" is not a standard or widely recognized economic impact in AML literature. The most consistently recognized systemic consequence is the erosion of governance, rule of law, and institutional integrity.
Therefore, destabilization of legitimate governments is the most accurate and regulator-supported answer.

NEW QUESTION # 209
The Office of Foreign Assets Control (OFAC) is responsible for:

A. Administering and enforcing economic and trade sanctions
B. Ensuring an effective export control and treaty compliance system
C. Designating jurisdictions as primary money laundering concerns
D. Managing trade agreements between the US and foreign countries

Answer: A

Explanation:
The Office of Foreign Assets Control (OFAC), part of the U.S. Department of the Treasury, is responsible for theadministration and enforcement of economic and trade sanctions. These sanctions are based on U.S.
foreign policy and national security objectives and target:
Foreign countries and regimes
Terrorist organizations
Narcotics traffickers
Individuals and entities engaged in activities related to the proliferation of weapons of mass destruction OFAC acts under various authorities, including national emergency powers granted by the President and specific legislation. One of its primary tools is theSpecially Designated Nationals(SDN) List, which identifies individuals and entities whose assets are blocked and with whom U.S. persons are generally prohibited from dealing.
It is important to note that OFAC is not responsible for designating jurisdictions as primary money laundering concerns (a task handled by FinCEN under Section 311 of the USA PATRIOT Act), nor does it manage trade agreements.
Reference: ACAMS CAMS Study Guide - 6th Edition, Chapter: U.S. Regulatory Framework - Section:
Office of Foreign Assets Control (OFAC)

NEW QUESTION # 210
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