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It is well known that Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) exam is an international recognition certification, which is very important for people who are engaged in the related field. The preson who pass the CAMS7 exam can not only obtain a decent job with a higher salary, but also enjoy a good reputation in this industry. But it is difficult for most people to pass Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) exam test. While, our Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) practice questions can relieve your study pressure and give you some useful guide. We have been sparing no efforts to provide the most useful study material and the most effective instruction for our customer.

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ACAMS CAMS7 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Detecting and Preventing Financial Crime20%- 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 2: Money Laundering and Terrorist Financing Concepts30%- Global AML/CFT standards
          • 1. International regulatory frameworks
            • 2. FATF Recommendations
              - Definitions and stages of money laundering
              • 1. Terrorist financing typologies
                • 2. Placement, layering, integration
                  Topic 3: AML Compliance Framework25%- Roles and responsibilities
                  • 1. Governance and oversight
                    • 2. Compliance officer duties
                      - Compliance program components
                      • 1. Internal controls
                        • 2. Policies and procedures
                          Topic 4: Risk Management and Due Diligence25%- Customer Due Diligence (CDD/KYC)
                          • 1. Enhanced due diligence (EDD)
                            • 2. Customer identification programs (CIP)
                              - Transaction monitoring and reporting
                              • 1. Monitoring systems and typologies
                                • 2. Suspicious Activity Reports (SAR/STR)

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

                                  Question #1

                                  Which of the following are considered best practices regarding senior management involvement in a financial crime compliance program? (Choose two.)

                                  • A. Mandatory participation in all regulatory inspections
                                  • B. Mandatory attendance and review of all financial crime trainings
                                  • C. Setting clear criteria for escalations to senior management
                                  • D. Setting tone from the top
                                  Reveal Solution  Discussion  0

                                  Correct Answer: C,D  🗳️

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                                  Question #2

                                  Which characteristics of trust and company service providers (TCSPs) can potentially make them vulnerable to financial crime? (Select Three.)

                                  • A. Having minimal face-to-face contact with customers, particularly in offshore arrangements
                                  • B. They may market themselves specifically to criminals
                                  • C. Selling ready-made, off-the-shelf companies to offshore intermediaries
                                  • D. Offering nominee directors may increase anonymity by concealing true ownership
                                  • E. They do not have to comply with AML regulations in most jurisdictions
                                  Reveal Solution  Discussion  0

                                  Correct Answer: A,C,D  🗳️

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                                  Question #3

                                  Which of the following scenarios exhibit classic indicators of suspicious transactions? (Select Two.)

                                  • A. An individual who is the secretary to a government official frequently accesses the bank's safe deposit vault to withdraw cash
                                  • B. A business owner mortgages his home with a financial institution that was recently fined for AML violations
                                  • C. An individual wants to execute wire transfers to a person in a FATF grey-listed jurisdiction and asks a close friend to send the money on his behalf, citing financial difficulties
                                  • D. An individual regularly imports sophisticated electronic items for civil use and pays all applicable customs duties
                                  • E. A customer regularly invests in equity funds using her spouse's bank account where she is a second account holder
                                  Reveal Solution  Discussion  0

                                  Correct Answer: A,C  🗳️

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                                  Question #4

                                  Which of the following controls is typically implemented at customer onboarding to mitigate the risk of onboarding high-risk customers?

                                  • A. Customer risk assessment
                                  • B. Transaction monitoring
                                  • C. Sanctions screening
                                  • D. Enhanced due diligence (EDD)
                                  Reveal Solution  Discussion  0

                                  Correct Answer: D  🗳️

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                                  Question #5

                                  Which control helps reduce the risk of employee involvement in money laundering?

                                  • A. Allowing unrestricted override authority
                                  • B. Reducing compliance training frequency
                                  • C. Eliminating internal audits
                                  • D. Segregation of duties and employee screening
                                  Reveal Solution  Discussion  0

                                  Correct Answer: D  🗳️

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