Practice ACAMS CAMS7 Exam, CAMS7 Valid Test Practice

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ACAMS CAMS7 Exam Syllabus Topics:

SectionWeightObjectives
Building and Managing Anti-Financial Crime Compliance Programs28%- Audit, testing and continuous improvement
- 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
- Monitoring, reporting and record keeping
  • 1. Transaction monitoring and alert management
  • 2. Suspicious activity reporting (SAR/STR)
  • 3. Legal record retention requirements
- Training, awareness and internal communication
Global Anti-Financial Crime Frameworks, Governance and Regulations24%- 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. Ethical obligations and professional standards
  • 2. Roles of board, senior management and compliance function
Tools, Technologies and Investigations22%- Technology and systems
  • 1. Cryptoasset and virtual asset compliance
  • 2. Monitoring systems, screening tools, data analytics
- Investigation processes and evidence handling
  • 1. Cooperation with authorities and information sharing
  • 2. Case management and escalation
- Remediation and response
  • 1. Corrective actions and regulatory engagement
Understanding Risks and Methods of Financial Crime26%- Money laundering stages and techniques
  • 1. Methods across financial sectors and businesses
  • 2. Placement, layering, integration
- Terrorism financing and proliferation financing
  • 1. Distinctions from money laundering
  • 2. Sources and mechanisms
- Financial crime risks and consequences
  • 1. Institutional, individual, economic and social impacts
- Sanctions regimes and compliance risks
  • 1. Risk identification and mitigation
  • 2. UN, EU, OFAC frameworks

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ACAMS Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) Sample Questions (Q44-Q49):

NEW QUESTION # 44
An international bank is investigating a payment requested by one of its correspondent relationships that generated an alert in the automated transaction monitoring system. The payment originated from a corporation located in Hong Kong and the final beneficiary is an individual located in New York.
Which steps should the bank take first to address the alert? (Select Three.)

Answer: A,B,E


NEW QUESTION # 45
While gaming platforms are typically used for recreational purposes, they can potentially be used for terrorist financing through games in which players can:

Answer: D

Explanation:
Terrorist financing can be facilitated on gaming platforms particularly through the trading of in- game items for fiat currency. This mechanism allows for the movement of value outside the formal financial system, potentially evading detection and reporting requirements.
"One of the key ML/TF risks in online gaming is the ability to convert virtual assets or in-game items into real-world (fiat) currency, thereby providing a channel for laundering money or funding terrorist activities."


NEW QUESTION # 46
Which factors should be prioritized when choosing an anti-financial crime (AFC) tool for an organization? (Select Two.)

Answer: B,D

Explanation:
When selecting an anti-financial crime (AFC) tool, regulators and industry best practices emphasize effectiveness, sustainability, and integration over cost or automation alone.
Compatibility with existing IT infrastructure is critical to ensure seamless data integration, system stability, and governance. Poor integration can lead to data gaps, operational risk, and ineffective monitoring.
Scalability is equally important, as transaction volumes, customer bases, and regulatory requirements grow over time. An AFC tool must be able to handle increased workloads without degradation in performance or effectiveness.
While real-time analytics may be beneficial, they must align with the organization's overall risk strategy and system capabilities. Lowest cost and full elimination of manual processes are not regulatory priorities; human oversight remains essential in AML/CFT programs.


NEW QUESTION # 47
The goal of the Egmont Group of Financial Intelligence Units (FIUs) is to provide a forum for FIUs to: (Select Three.)

Answer: B,C,E


NEW QUESTION # 48
A compliance officer is developing management reporting information to provide leadership with insights into the financial crime risk related to an institution's customer population.
Which of the following is a key risk indicator to include in the reporting to allow leadership to monitor whether there are any key changes to the inherent risk of the customer population? (Choose two.)

Answer: A,D

Explanation:
Percentage change in transaction monitoring alerts escalated for investigation and number/percentage of senior PEPs onboarded are key risk indicators that can highlight shifts in the inherent risk profile of the customer base, enabling leadership to proactively address emerging financial crime risks.


NEW QUESTION # 49
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