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ACAMS CAMS7 Exam Syllabus Topics:

Section	Weight	Objectives
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
Tools, Technologies and Investigations	22%	- Remediation and response 1. Corrective actions and regulatory engagement - Investigation processes and evidence handling 1. Case management and escalation 2. Cooperation with authorities and information sharing - Technology and systems 1. Monitoring systems, screening tools, data analytics 2. Cryptoasset and virtual asset compliance
Building and Managing Anti-Financial Crime Compliance Programs	28%	- Audit, testing and continuous improvement - Monitoring, reporting and record keeping 1. Legal record retention requirements 2. Suspicious activity reporting (SAR/STR) 3. Transaction monitoring and alert management - Customer due diligence and know-your-customer 1. politically exposed persons and high-risk clients 2. CDD, EDD, beneficial ownership identification - Program framework and policies 1. Risk assessment and risk-based approach 2. Policies, procedures and controls design - Training, awareness and internal communication
Understanding Risks and Methods of Financial Crime	26%	- Financial crime risks and consequences 1. Institutional, individual, economic and social impacts - Terrorism financing and proliferation financing 1. Distinctions from money laundering 2. Sources and mechanisms - Sanctions regimes and compliance risks 1. Risk identification and mitigation 2. UN, EU, OFAC frameworks - Money laundering stages and techniques 1. Methods across financial sectors and businesses 2. Placement, layering, integration

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2026 CAMS7 New Dumps Free - Trustable ACAMS Latest CAMS7 Exam Answers: Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition)

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ACAMS Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) Sample Questions (Q331-Q336):

NEW QUESTION # 331
Which of the following are part of a risk-based approach? (Select Three.)

A. Determining detailed risk profiles for customers based on their activities and relationships
B. Performing a comprehensive risk assessment to identify customer, transaction, and geographic risks
C. Choosing and applying effective controls that align with the identified risk levels
D. Focusing monitoring primarily on previously flagged customers while using standard controls for others
E. Allocating resources equally across all customer segments to ensure fairness

Answer: A,B,C

Explanation:
A risk-based approach is central to AML/CFT programs and includes:
A: Creating detailed risk profiles for customers based on their behaviors and connections.
C: Applying controls that are tailored to the actual risk (not a one-size-fits-all approach).
D: Performing a thorough risk assessment, considering customer, transaction, and geographic factors.
"A risk-based approach involves risk profiling, tailored controls, and comprehensive risk assessment across key risk factors."

NEW QUESTION # 332
Which of the following are key components of the Know Your Customer (KYC) process? (Select Two.)

A. Inquiring about the source of wealth and source of funds
B. Collecting necessary documents to verify the veracity of information
C. Asking to provide a list of immediate family members
D. Verifying the financial crime awareness of the client

Answer: A,B

NEW QUESTION # 333
Which ML/TF risks are associated with cryptoassets? (Select Three.)

A. Global reach
B. Smart contract vulnerabilities
C. Use to layer illicit funds
D. Potential for anonymity
E. Devaluation
F. High transaction fees

Answer: A,C,D

Explanation:
Cryptoassets, such as cryptocurrencies, pose specific ML/TF risks due to their technological characteristics and usage patterns:
Potential for anonymity (C): Cryptoassets allow users to make transactions without revealing their true identities, which hinders law enforcement from tracking illicit activity. The CAMS 6th Edition states:
"Cryptoassets can be transferred or exchanged between users without the need for identification, presenting a significant risk due to the potential for anonymity."(CAMS 6th Edition, Chapter: Risks and Methods of Money Laundering and Terrorist Financing, Virtual Assets section) Global reach (D): Cryptoassets operate on a global scale, enabling rapid cross-border transfers without the limitations of traditional financial systems. This increases the complexity of monitoring and controlling illicit transactions."The global nature of virtual assets makes it easy for criminals to move value across borders quickly, evading jurisdictional controls."(CAMS 6th Edition; FATF Guidance on Virtual Assets 2019) Use to layer illicit funds (F): The ability to move cryptoassets between numerous wallets and exchanges allows criminals to obscure the source of funds through layering, a key stage of money laundering."Layering can be achieved by rapidly moving cryptoassets between wallets, exchanges, and across different jurisdictions, making tracing more difficult."(CAMS 6th Edition, Chapter: Risks and Methods of Money Laundering and Terrorist Financing) References:
ACAMS Study Guide 6th Edition, Chapter: Risks and Methods of Money Laundering and Terrorist Financing, Virtual Assets/Virtual Currencies FATF Guidance for a Risk-Based Approach to Virtual Assets (2019) EU 5th AML Directive (2018/843)

NEW QUESTION # 334
In the process of mutual evaluations and subsequent follow-ups used by the Financial Action Task Force (FATF) to assess the quality of various jurisdictions' AML controls, the FATF:

A. publishes annual reports ranking all member jurisdictions based on their self-assessment of AML controls.
B. imposes economic sanctions on jurisdictions with lax AML controls to force them to strengthen their controls.
C. conducts a peer review process whereby member countries assess the AML controls of other jurisdictions and provide recommendations for improvement.
D. conducts on-site inspections of financial institutions in jurisdictions with lax AML controls to identify deficiencies and recommend improvements.

Answer: C

Explanation:
The FATF conducts mutual evaluations--a peer review process--whereby member countries assess each other's AML/CFT systems. This includes on-site visits and reviews by international experts, with public reports containing recommendations for improvement. The process is not punitive and does not impose sanctions.
"FATF mutual evaluations are peer reviews in which experts from member countries assess another member's AML/CFT system and provide recommendations."

NEW QUESTION # 335
Which situation BEST demonstrates effective implementation of a risk-based AML approach?

A. Allocating greater controls to higher-risk customers and products
B. Applying identical monitoring rules to every customer
C. Conducting enhanced monitoring only for low-risk accounts
D. Eliminating monitoring for long-term customers

Answer: A

Explanation:
A risk-based approach requires institutions to allocate resources proportionally according to identified AML risks. High-risk customers, jurisdictions, products, or services require stronger controls, more frequent monitoring, and enhanced due diligence. Applying identical standards to all customers may lead to inefficient use of compliance resources and reduced effectiveness.

NEW QUESTION # 336
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