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ACAMS CAMS7 Exam Syllabus Topics:

Section	Weight	Objectives
Topic 1: Money Laundering and Terrorist Financing Concepts	30%	- Definitions and stages of money laundering 1. Terrorist financing typologies 2. Placement, layering, integration - Global AML/CFT standards 1. International regulatory frameworks 2. FATF Recommendations
Topic 2: Detecting and Preventing Financial Crime	20%	- Investigations and enforcement 1. Regulatory investigations 2. Case management and documentation - Financial crime typologies 1. Trade-based money laundering 2. Fraud and corruption schemes
Topic 3: AML Compliance Framework	25%	- Roles and responsibilities 1. Compliance officer duties 2. Governance and oversight - Compliance program components 1. Policies and procedures 2. Internal controls
Topic 4: 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. Customer identification programs (CIP) 2. Enhanced due diligence (EDD)

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ACAMS Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) Sample Questions (Q186-Q191):

NEW QUESTION # 186
What are the key anti-financial crime (AFC) regulatory bodies in the United States and the European Union and their respective roles?

A. The Office of Foreign Assets Control (OFAC) enforces US sanctions, while FinCEN focuses on money laundering. In the EU, the European Commission sets AML/CFT regulations, with enforcement by member states coordinated by the AML Authority
B. FinCEN and ESMA issue sanctions and combat money laundering
C. The US Federal Reserve and the European Central Bank oversee money laundering and sanctions
D. The SEC and the EBA are the main bodies enforcing AML and sanctions

Answer: A

Explanation:
In the United States, anti-financial crime responsibilities are divided between specialized authorities. The Financial Crimes Enforcement Network (FinCEN) administers and enforces the Bank Secrecy Act (BSA) and focuses on anti-money laundering and counter-terrorist financing.
The Office of Foreign Assets Control (OFAC) administers and enforces US economic and trade sanctions.
In the European Union, the European Commission is responsible for proposing AML/CFT legislation, such as the AML Directives and the AML Regulation. Enforcement is carried out by individual EU member states through national supervisory and law enforcement authorities, with coordination increasingly provided by the EU Anti-Money Laundering Authority (AMLA).
Other bodies such as the EBA and ESMA play supporting supervisory or standard-setting roles but are not the primary sanctions authorities.

NEW QUESTION # 187
A wealthy individual is using a complex corporate structure to facilitate illegal logging and then illegal mining of the resulting resources from that land.
Which category of predicate crime is taking place?

A. Environmental crime
B. Trade-based money laundering
C. Corruption
D. Illicit resource trade

Answer: A

Explanation:
The CAMS 6th Edition specifically lists environmental crime as a predicate offense for money laundering.
Environmental crimes include activities such as illegal logging, illegal mining, and illegal trade in wildlife.
"Environmental crime, including illegal logging and mining, is recognized as a predicate offense to money laundering. Such crimes often involve complex corporate structures to hide the illicit origin of the proceeds." (CAMS 6th Edition, Chapter: Risks and Methods of Money Laundering and Terrorist Financing; FATF Recommendations, Predicate Offenses) Incorrect Options:
* A: Trade-based ML refers to manipulating trade transactions, not the underlying crime.
* B: Corruption may be involved, but the primary crime is environmental.
* C: Illicit resource trade describes the act, but the official predicate crime category is environmental crime.
References:
CAMS Study Guide 6th Edition, Predicate Crimes for Money Laundering
FATF Recommendation 3: Money laundering offense and predicate offenses

NEW QUESTION # 188
What should a financial institution (FI) do in response to a formal law enforcement request to produce documents?

A. Keep senior management informed at all times to strategically organize a defense to terminate the law enforcement request
B. Designate a person responsible for the internal investigation in preparation of documents for the request
C. Verify the officer's identification and ask for the law enforcement request to be served when the Chief Executive Officer is available to sign for it
D. Ask for an extension to review the FI's privacy policy and confidentiality policy before providing any information under the law enforcement request

Answer: B

NEW QUESTION # 189
A customer frequently deposits large amounts of cash into an online gambling account and requests withdrawals shortly after with minimal gambling activity.
What is the most likely money laundering risk associated with this behavior in the gambling and gaming industry?

A. The customer is attempting to avoid high fees by minimizing gambling activity
B. The customer is attempting to convert illicit funds into "clean" withdrawals
C. The customer is testing the gaming platform's payout system for potential fraud
D. The customer is a high-risk gambler who regularly places large bets

Answer: B

Explanation:
In the context ofgambling and gaming sectors, a well-known money laundering typology is the use of platforms tointroduce illicit funds and withdraw them as "winnings". When a customerdeposits large cash amounts and quickly withdraws themwithout engaging in actual gambling, it indicates"placement and layering"techniques.
This behavior is indicative of attempts todisguise the origin of illicit funds, converting them into legitimate- looking financial flows. It is considered a classic red flag in AML programs related to casinos and online gaming.
Reference: ACAMS CAMS Study Guide - 6th Edition, Chapter:Industry-Specific Risks- Section:Gambling and Gaming Sector Red Flags

NEW QUESTION # 190
When services are provided by a trust and company service provider (TCSP) connected to a high-risk country, which of the following may present an immediate financial crime risk concern?

A. Management structure
B. Asset structure
C. Governance framework
D. Origin of the funds

Answer: D

Explanation:
The origin of the funds is a primary financial crime risk when dealing with a TCSP connected to a high-risk country. Funds originating from such jurisdictions may be linked to illicit activity, especially if source verification is weak or absent.

NEW QUESTION # 191
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