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ACAMS CAMS7 Exam Syllabus Topics:

Section	Weight	Objectives
Topic 1: Understanding Risks and Methods of Financial Crime	26%	- Money laundering stages and techniques 1. Methods across financial sectors and businesses 2. Placement, layering, integration - Sanctions regimes and compliance risks 1. Risk identification and mitigation 2. UN, EU, OFAC frameworks - 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
Topic 2: Building and Managing Anti-Financial Crime Compliance Programs	28%	- Customer due diligence and know-your-customer 1. politically exposed persons and high-risk clients 2. CDD, EDD, beneficial ownership identification - Training, awareness and internal communication - Monitoring, reporting and record keeping 1. Transaction monitoring and alert management 2. Legal record retention requirements 3. Suspicious activity reporting (SAR/STR) - Audit, testing and continuous improvement - Program framework and policies 1. Policies, procedures and controls design 2. Risk assessment and risk-based approach
Topic 3: 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
Topic 4: 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

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ACAMS Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) Sample Questions (Q160-Q165):

NEW QUESTION # 160
A bank organized under foreign law and located outside of the US maintains a correspondent banking relationship with a US-based bank to handle financial transactions in US dollars for its clients. In compliance with the USA PATRIOT Act of 2001, all US banks and broker-dealers in securities must obtain a signed certification from all non-US foreign bank clients conducting business with them. What information does the USA PATRIOT Act of 2001 require the foreign bank to certify to the US bank? (Select Three.)

A. The foreign bank will not allow indirect use of the correspondent bank accounts by shell banks
B. The foreign bank will not allow indirect use of the correspondent bank accounts by Politically Exposed Persons (PEPs)
C. The ownership details of the foreign bank
D. The jurisdictions in which the foreign bank maintains a physical presence
E. The foreign bank's operations will be limited to the country of incorporation

Answer: A,C,D

NEW QUESTION # 161
Correspondent banking is considered a higher-risk banking sector because correspondent banking transactions:

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

Answer: B

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 # 162
A national risk assessment (NRA) can impact the risk-based approach (RBA) within an organization's anti- financial crime (AFC) compliance program by: (Choose two.)

A. helping to identify high-risk sectors that require enhanced due diligence (EDO),
B. automatically reducing the organization's responsibility for conducting its own risk assessment
C. eliminating the need for sectoral risk assessments within the organization
D. requiring all organizations to apply standardized measures
E. guiding the allocation of resources for mitigating financial crime risks

Answer: A,E

Explanation:
A national risk assessment can identify high-risk sectors requiring enhanced due diligence and guide resource allocation to mitigate financial crime risks effectively, helping organizations align their risk-based approach with national priorities and threats.

NEW QUESTION # 163
Which of the following can be considered a reliable, independent source document, data, or information?

A. Information obtained directly from a government-managed registry
B. Photocopy of a copy of a government-issued identity document
C. Information provided by a prospective customer
D. Information obtained from an open-source database

Answer: A

Explanation:
Information obtained directly from a government-managed registry is considered a reliable, independent source because it is authoritative, verified, and maintained by an official source, reducing the risk of inaccuracies or manipulation.

NEW QUESTION # 164
Fuzzy logic or fuzzy matching in the context of name screening is a method that:

A. Uses machine learning to predict names based on historical data
B. Matches names with the same length and characters
C. Relies exclusively on exact string matches
D. Matches names on screening lists to names with similar spellings, patterns, or sounds

Answer: D

Explanation:
Fuzzy matching is a critical technique used in name screening systems to identify potential matches where names are not spelled identically. Regulators recognize that sanctions, PEP, and watchlist screening must account for variations in spelling, transliteration, abbreviations, and phonetic differences.
Fuzzy matching algorithms compare names based on similar spelling patterns, phonetics, or character arrangements, allowing institutions to detect matches that exact matching would miss.
This is especially important for names originating from different languages or alphabets.
Exact matching alone is insufficient for effective sanctions screening, as it would fail to capture common variations. While machine learning may enhance screening systems, fuzzy matching itself does not rely on predictive modeling.
Therefore, fuzzy matching improves detection effectiveness while supporting regulatory expectations for robust screening controls.

NEW QUESTION # 165
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