ACAMS CAMS7 PDF Dumps Format

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ACAMS CAMS7 Exam Syllabus Topics:

Section	Weight	Objectives
Topic 1: Building an AFC Compliance Program
Topic 2: Tools and Technologies to Fight Financial Crime
Topic 3: Understanding Risks and Methods of Financial Crime	30%	- Financial Crime Risks related to real estate - Financial Crime Risks related to gatekeepers - Financial Crime Risks related to MSBs, PSPs, and ecommerce platforms - Financial Crime Risks related to VASPs, cryptoassets, and related products - Financial Crime Risks related to trusts and company service providers - Financial Crime Risks related to insurance products - Financial Crime Risks related to gaming and gambling - Financial Crime Risks related to products within other financial sectors - Financial Crime Risks related to Politically Exposed Persons (PEPs) and high-risk customers
Topic 4: Global AFC Frameworks, Governance and Regulations		- AML Regulatory Framework (Elective options: Canada, EU, UK, USA)

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ACAMS Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) Sample Questions (Q444-Q449):

NEW QUESTION # 444
A compliance officer is completing a case and has determined that the events do not merit filing a suspicious activity report (SAR). Which of the following should be included in the case notes to justify not filing a SAR? (Choose two.)

A. When the unusual activity occurred
B. Who made the decision not to file the SAR
C. Why the officer deemed that the case did not merit filing a SAR
D. How much money was involved in the case
E. How the money flowed through the institution

Answer: B,C

Explanation:
Case notes should document who made the decision and the rationale for not filing the SAR to ensure transparency, support auditability, and demonstrate compliance with regulatory expectations.

NEW QUESTION # 445
An organization is developing a comprehensive anti-money laundering (AML) framework. Which of the following statements best describes the relationship between AML policies and procedures?

A. Policies are detailed instructions for specific processes. Procedures are an overarching framework. Neither policies nor procedures are mandatory for knowledge and adherence
B. Policies define the principles of an organization and influence the drafting of procedures.Procedures are detailed instructions for specific processes.
C. Policies are broad guidelines. Procedures are detailed Instructions for specific processes. Only procedures are mandatory for knowledge and adherence.
D. Policies are detailed instructions for specific processes Procedures are an overarching framework Both policies and procedures are mandatory for knowledge and adherence.

Answer: B

NEW QUESTION # 446
Risks associated with real estate transactions include: (Choose two.)

A. cross-border purchases
B. non-financed purchases
C. purchases in the name of a natural person
D. paying true market price for a property

Answer: A,B

Explanation:
Cross-border purchases increase complexity and risk due to differing regulations and potential anonymity.
Non-financed purchases, especially in cash, can facilitate money laundering by avoiding traditional financial scrutiny.

NEW QUESTION # 447
Financial crime risk related to the use of "hawalas" can stem from: (Select Two.)

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

Answer: A,C

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."(CAMS 6th Edition, Alternative Remittance Systems; FATF, Guidance on Money Transfer Services) References:
CAMS 6th Edition, Money Transfer and Informal Value Transfer Systems
FATF, Alternative Remittance Systems Guidance

NEW QUESTION # 448
Red flags for potential money laundering in real estate include completing luxury real estate purchases.
(Select Two.)

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

Answer: B,E

NEW QUESTION # 449
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