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ACAMS CAMS7 Exam Syllabus Topics:

SectionWeightObjectives
Understanding Risks and Methods of Financial Crime26%- 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
- Money laundering stages and techniques
  • 1. Methods across financial sectors and businesses
  • 2. Placement, layering, integration
- Financial crime risks and consequences
  • 1. Institutional, individual, economic and social impacts
Tools, Technologies and Investigations22%- Investigation processes and evidence handling
  • 1. Cooperation with authorities and information sharing
  • 2. Case management and escalation
- 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
Building and Managing Anti-Financial Crime Compliance Programs28%- Audit, testing and continuous improvement
- Training, awareness and internal communication
- Program framework and policies
  • 1. Risk assessment and risk-based approach
  • 2. Policies, procedures and controls design
- Customer due diligence and know-your-customer
  • 1. CDD, EDD, beneficial ownership identification
  • 2. politically exposed persons and high-risk clients
- Monitoring, reporting and record keeping
  • 1. Transaction monitoring and alert management
  • 2. Suspicious activity reporting (SAR/STR)
  • 3. Legal record retention requirements
Global Anti-Financial Crime Frameworks, Governance and Regulations24%- International standards and bodies
  • 1. Basel Committee, Wolfsberg Group, UN conventions
  • 2. FATF 40 Recommendations
- Governance, accountability and ethics
  • 1. Ethical obligations and professional standards
  • 2. Roles of board, senior management and compliance function
- Regional and national regulations
  • 1. USA PATRIOT Act and extraterritorial laws
  • 2. EU AML Directives

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ACAMS Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) Sample Questions (Q228-Q233):

NEW QUESTION # 228
During which process must a country demonstrate to the Financial Action Task Force (FATF) that it has an effective framework to protect the financial system from abuse?

Answer: D

Explanation:
In a mutual evaluation, a country must demonstrate to the FATF that it has an effective framework to protect its financial system from abuse. This process assesses both technical compliance with FATF Recommendations and the effectiveness of the country's AML/CFT measures.


NEW QUESTION # 229
Which benefits are most commonly associated with transitioning from a rules-based approach to artificial intelligence (AI) and machine learning-based tools in transaction monitoring? (Choose three.)

Answer: B,D,E

Explanation:
Transitioning to AI and machine learning in transaction monitoring offers benefits such as long-term reduction in false positives, improved adaptability to evolving financial crime risks, and enhanced detection of complex or emerging patterns and anomalies that rules-based systems may miss.


NEW QUESTION # 230
A client advisor at a bank contacts a member of the compliance team for guidance on how to proceed with a client who wants to transfer US$250,000 from the sale of cryptoassets into their savings account at the bank. What guidance should the compliance team provide?

Answer: A

Explanation:
The compliance team should request further clarification to assess the AML risk appropriately.
This includes understanding which cryptoassets were sold and whether the exchange used applies adequate due diligence. These details help determine the legitimacy of the source of funds and ensure compliance with AML requirements.


NEW QUESTION # 231
Which types of external data sources are expected to be used for screening customers as part of customer due diligence (CDD)? (Select Three.)

Answer: A,B,C

Explanation:
Effective customer due diligence relies on authoritative, reliable, and relevant external data sources, as outlined in FATF standards and national AML regulations.
Sanctions lists, such as those maintained by OFAC, the EU, and the UN, are mandatory screening sources to ensure compliance with sanctions regimes. Registers of stolen or forged documents, where available, help detect identity fraud and false documentation during onboarding.
Additionally, beneficial ownership registers and adverse media sources are essential for identifying hidden ownership structures, corruption exposure, and reputational risk.
Customer reviews and lifestyle assessments from social media are not considered reliable or appropriate primary sources for AML screening due to privacy, accuracy, and governance concerns.


NEW QUESTION # 232
The degree of attraction that a company holds to criminal organizations is influenced by the (Select Two.)

Answer: B,C

Explanation:
The susceptibility of a company or jurisdiction to ML/TF abuse is significantly increased by:
Permissibility of bearer shares (B):"Bearer shares make it easy to hide ownership and control, presenting a major risk for misuse by criminals."(CAMS 6th Edition, Beneficial Ownership and Company Transparency) Rules governing the disclosure of beneficial ownership by the jurisdiction (C):"Weak requirements or loopholes in beneficial ownership disclosure are frequently exploited to conceal criminal involvement in corporate structures."(CAMS 6th Edition, Chapter: Legal Persons and Arrangements) Incorrect Options:
A: High or low fees are not a significant ML/TF risk driver.
D: Ease of travel is unrelated to ML/TF risk related to company structures.
References:
CAMS 6th Edition, Beneficial Ownership and Transparency
FATF Recommendations 24, 25


NEW QUESTION # 233
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