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CAMS ACAMS Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) Free Practice Exam Questions (2025 Updated)

Prepare effectively for your ACAMS CAMS Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) certification with our extensive collection of free, high-quality practice questions. Each question is designed to mirror the actual exam format and objectives, complete with comprehensive answers and detailed explanations. Our materials are regularly updated for 2025, ensuring you have the most current resources to build confidence and succeed on your first attempt.

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Total 313 questions

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

A.

identify and address the current financial crime trends through the issuance of typologies originating in members outside of their FSRB's Jurisdiction.

B.

provide AM L/C FT technical assistance needed by members in their FSRB junsdiction.

C.

coordinate technical assistance for members in their FSRB jurisdiction

D.

set and amend the FATF 40 Recommendations for members in their FSRB jurisdiction.

E.

identify and address any gaps in the AML/CFT policies for members outside of their FSRB jurisdiction.

F.

offer mutual evaluation and follow-up processes for members in their FSRB Jurisdiction.

Which statement about the extraterritorial reach of US laws and legislation is accurate?

A.

The Bank Secrecy Act (BSA) extraterritorial reach requires that the Travel Rule be applied to all financial institutions globally, including all USD transactions

B.

The Anti-Money Laundering Act of 2020 (AML Act) extraterritorial reach covers all USD transactions throughout the global economy

C.

The Office of Foreign Assets Control's (OFAC's) economic and trade sanctions may pose extraterritorial risks for financial institutions and businesses outside of the US

D.

Section 319(b) of the USA PATRIOT Act extraterritorial reach permits the seizure of funds from a correspondent bank account in the US that have been opened and maintained for the foreign bank

From an international standards perspective both the EU and Financial Action Task Force (FATF) consider data sharing a crucial component of effective anti-money laundenng measures because data sharing:

A.

allows Financial Intelligence Units (FlUs) to enact sanctions against perpetrators of financial crime

B.

promotes financial transparency and protects the integrity of the financial systems

C.

needs to be approved by the Financial Intelligence Unit (FIU) before sharing between financial institutions

D.

helps financial institutions to be more effective in fighting crime with data analysis

Red flags for potential money laundering in real estate include completing luxury real estate purchases. (Select Two.)

A.

using shell companies or trusts for privacy, lax planning, or asset protection.

B.

in the names of unrelated thud patties.

C.

using the proceeds from selling a prior property or liquidating investments to make an all-cash purchase

D.

using legal entities and intermediaries to protect the privacy of the purchasers.

E.

using loans backed by cash or certificates of deposit.

Which situation involving a vendor presents increased AML and/or sanctions risk to an organization?

A.

The vendor provides services to end users located in an area subject to economic sanctions

B.

The vendor's sales representative was a refugee from a sanctioned jurisdiction as a child

C.

The vendor is organized as a privately held company

D.

The vendor has no individuals that own or control more than 10% of the company

A customer frequently deposits large amounts of cash into an online gambling account and requests withdrawals shortly after with minimal gambling activity.

What is the most likely money laundering risk associated with this behavior in the gambling and gaming industry?

A.

The customer is attempting to convert illicit funds into “clean” withdrawals

B.

The customer is attempting to avoid high fees by minimizing gambling activity

C.

The customer is testing the gaming platform’s payout system for potential fraud

D.

The customer is a high-risk gambler who regularly places large bets

A customer of a financial Institution (Fl) complained that they had received multiple emails appearing to originate from the Fl urging them to click on a link or open a remittance attachment for confirmation. After opening the attachment, the customer later realized that funds had been systematically transferred out of their bank account without their knowledge

Which type of cybercrime is described in this scenario?

A.

Vishing

B.

Pharming

C.

SMSishing

D.

Spear phishing

Which of the following laws or regulations can impact the application of AML/CFT programs and require financial institutions (r" Is) to balance multiple compliance requirements?

A.

Consumer protection laws may intersect will) AML/CFT requirements when handling customer complaints or disputes, potentially affecting how FIs implement their compliance programs.

B.

AML/CFT laws are the primary focus for FIs, and other regulations like data privacy and consumer protection may only indirectly influence their compliance obligations

C.

Environmental, social, and governance (ESG) frameworks can influence a Fl's risk management strategies but are generally considered separate from core AML/CFT compliance requirements

D.

Data privacy laws can restrict the sharing of customer information, while financial inclusion initiatives require FIs to avoid excessive de-risking that could exclude vulnerable populations.

Which of the following presents the highest money laundering risk from a money services business (MSB)?

A.

Some MSBs provide bureau de change services to retail customers after they complete a due diligence process.

B.

Some MSBs process large, individual cash transactions on behalf of customers.

C.

Some MSBs allow regular and frequent transactions to the same family members based in another country

D.

Some MSBs process small remittance payments on behalf of workers based abroad sending money home.

Which of the following is a common strategy employed by non-governmental organizations (NGOs) to combat money laundering?

A.

Helping Financial Intelligence Units (FIUs) to analyze the suspicious activity reports (SARs)

B.

Directly prosecuting money launderers in court

C.

Providing financial assistance to governments to strengthen their anti-money laundering efforts

D.

Raising awareness about the issue of money laundering and its consequences

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

A.

Enhanced due diligence (EDD)

B.

Transaction monitoring

C.

Customer risk assessment

D.

Sanctions screening

The primary objectives of the Financial Action Task Force (FATF) are to: (Choose two.)

A.

evaluate and monitor compliance with the FATF standards and provide recommendations for improvement.

B.

assist countries in implementing EU, UN, and regional sanctions regimes.

C.

develop and promote international standards to prevent money laundering and terrorist financing.

D.

conduct investigations on countries legislations and laws to prevent them from being used for money laundering and terrorist financing.

E.

ensure that countries follow its laws to maintain financial stability.

When a financial institution (FI) is considering providing traditional banking services to a virtual asset service provider (VASP), consideration should be given to whether the FI: (Select Two.)

A.

has a general understanding of virtual assets.

B.

consistently reviews transactions between fiat and virtual currencies.

C.

implements enhanced KYC measures.

D.

owns virtual currencies itself.

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Total 313 questions
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