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ACAMS CAMS7 Exam Syllabus Topics:

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

1. What is the first step that an investigator should take when beginning a financial investigation into a potential suspicious activity?

A) Determining whether the potential suspicious activity is consistent with the customer's transactional behavior, nature of business, and occupation
B) Gathering and assessing internal sources of information, including information obtained from the customer, transactions, and value and volume
C) Contacting the country's financial intelligence unit's (FIU's) officers to seek advice on whether the potential suspicious activity is indeed a suspicious activity
D) Identifying and reviewing external information, including online presence, customer-related entities, and relevant media

2. An EU Trust and Company Service Provider analyst notices some unusual activity while looking through a customer's financial statements and detailed general ledger. The customer is in the business of importing and exporting machineries. Which transaction indicator warrants further escalation to the compliance officer?

A) Inter-company loans from the holding company to the subsidiary company to finance the shipment of machinery
B) The payment of virtual offices services overseas
C) The payment of consultancy fees to unrelated companies and service providers established in a foreign jurisdiction
D) The payment of company secretarial retainer fees to a foreign company in a tax-efficient jurisdiction

3. Challenges in the implementation of new technologies for AML/CFT include: (Select Four.)

A) data quality.
B) data privacy.
C) regulatory.
D) the Travel Rule.
E) enhanced due diligence (EDD) policies.
F) complexity.

4. News published in Country A reports that a politically exposed person (PEP) had received a bribe from a transnational company headquartered in a developing country of approximately USS1.5 million deposited into on account at a financial institution (Fl> located in Country B Both countries are members of the Egmont Group The account where the money was deposited belongs to the PEP's immediate family member. To corroborate the facts, the PIU of Country A sent a formal request via secure communication channels for further information from its counterpart FIU in Country B. According to Egmont principles, the FIU of Country B can:

A) provide the information available to them because the exchange is between two FlUs that are members of the Egmont Group, and the formal request was made using secure communication channels.
B) direct the FIU of Country A to the Fl where the account was opened for further information.
C) deny the request if the FIU of Country B has not received a suspicious activity report (SAR) from the Fl where the account was opened.
D) provide the requested information only if a memorandum of understanding (MoU) is signed between Country A and Country

5. The role of FATF-style regional bodies (FSRBs) is to: (Select Three.)

A) set and amend the FATF 40 Recommendations for members in their FSRB jurisdiction.
B) provide AM L/C FT technical assistance needed by members in their FSRB junsdiction.
C) identify and address any gaps in the AML/CFT policies for members outside of their FSRB jurisdiction.
D) identify and address the current financial crime trends through the issuance of typologies originating in members outside of their FSRB's Jurisdiction.
E) coordinate technical assistance for members in their FSRB jurisdiction
F) offer mutual evaluation and follow-up processes for members in their FSRB Jurisdiction.

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