We're so confident of our products that we provide no hassle product exchange.
ACAMS CAMS7 Exam Overview:
| Certification Vendor: | ACAMS |
| Exam Name: | Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) |
| Exam Number: | CAMS7 |
| Passing Score: | 75 (scaled score) |
| Exam Duration: | 210 minutes |
| Available Languages: | English, Spanish, Simplified Chinese, Traditional Chinese, Arabic, French, German, Japanese, Korean, Portuguese, Russian |
| Real Exam Qty: | 120 |
| Exam Price: | USD 595 (members), USD 795 (non-members); Bundle: USD 1,795 (members) |
| Related Certifications: | Certified Cryptoasset Anti-Financial Crime Specialist (CCAS) Certified Global Sanctions Specialist (CGSS) |
| Certificate Validity Period: | 3 years |
| Exam Format: | Multiple-choice, Multiple-selection, Scenario-based questions |
| Recommended Training: | ACAMS Virtual Classroom CAMS 7th Edition Official Study Guide |
| Exam Registration: | Pearson VUE Scheduling ACAMS Official Registration |
| Sample Questions: | ACAMS CAMS7 Sample Questions |
| Exam Way: | Online proctored (OnVUE) or onsite at Pearson VUE test centers |
| Pre Condition: | Active ACAMS membership; minimum 40 eligibility credits from education, professional experience or training; 3 professional references |
| Official Syllabus URL: | https://www.acams.org/en/certifications/cams-certification |
ACAMS CAMS7 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Global Anti-Financial Crime Frameworks, Governance and Regulations | 24% | - Governance, accountability and ethics
|
| Topic 2: Understanding Risks and Methods of Financial Crime | 26% | - Sanctions regimes and compliance risks
|
| Topic 3: Building and Managing Anti-Financial Crime Compliance Programs | 28% | - Customer due diligence and know-your-customer
- Monitoring, reporting and record keeping
- Program framework and policies
|
| Topic 4: Tools, Technologies and Investigations | 22% | - Remediation and response
|
ACAMS Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) Sample Questions:
1. A key factor in the independence of an AML audit is that the auditor should.
A) be sufficiently trained in AML to be able to provide an independent review.
B) have no involvement with the organization's AML/CP T compliance staff.
C) have been screened by the board of directors before the audit starts
D) have never worked in previous assignments within the AMUCFT departments.
2. Common risks and red flags associated with trade finance clients may include: (Choose four.)
A) transaction structures that appear unnecessarily complex
B) trade documents, such as invoices and letters of credit, that are not clearly worded or are in foreign languages
C) bills of lading matching the description of goods, quantities, and values with transshipment details justified
D) invoices with prices that are much higher than market price
E) fluctuations in the pricing of standard goods and services
F) account activity that is not consistent with the purpose of the account
3. To provide aid in investigating a cross-border money laundering case, a Financial Intelligence Unit (PIU) that is a member of the Egmont Group can:
A) directly contact financial institutions in another country and share information pertinent to the investigation.
B) directly contact other FlUs in another country and share information pertinent to the investigation.
C) assist law enforcement in another country with a material ongoing investigation.
D) deputize its law enforcement investigators to assist in a material ongoing investigation in another country
4. Common risks associated with cryptocurrency and convertible virtual currencies include: (Choose three.)
A) facilitating payment for other illicit activities and goods.
B) layering transactions to hide the origin of funds derived from illicit activity.
C) funds being stolen from other users.
D) difficulty converting into physical currency.
E) obscuring the source of illicit funds.
5. Which of the services provided by Trust and Company Service Providers (TCSPs) present the greatest financial crime risks? (Choose three.)
A) Promoting the use of complex corporate structures
B) Using trusts to obscure the identity of beneficial owners
C) Establishing shell companies for holding financial assets
D) Providing clear procedures to ensure compliance with local tax regulations
E) Maintaining accurate and updated beneficial ownership details for all customers registered for their services
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: A,B,F | Question # 3 Answer: B | Question # 4 Answer: A,B,E | Question # 5 Answer: A,B,C |
By Maxwell
