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ACAMS CAMS Practice Test Questions Answers

Exam Code: CAMS (Updated 395 Q&As with Explanation)
Exam Name: Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition)
Last Update: 28-Feb-2026
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Questions Include:

  • Single Choice: 219 Q&A's
  • Multiple Choice: 176 Q&A's

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    All AML Certifications Related Certification Exams

    Total Questions: 60
    Updated: 28-Feb-2026

    CAMS Questions and Answers

    Question # 1

    Which of the below statements are supported by the Financial Action Task Force (FATF) 40 Recommendations adopted in 2012? (Select Two.)

    A.

    Customer privacy regulations should guide the development of due diligence and other money laundering and terrorist financing preventive measures.

    B.

    Nations should work towards implementing targeted financial sanctions in alignment with the UN Security Council.

    C.

    Nations should take measures to ensure there is transparency to the beneficial ownership of legal persons.

    D.

    Nations should establish frameworks that take a risk-based approach to prevent and mitigate money laundering and terrorist financing.

    E.

    Governments must work toward developing identical administrative and operational frameworks for investigating and prosecuting crime.

    F.

    Regulators should direct Financial Institutions to establish appropriate frameworks to avoid banking higher risk customers.

    Question # 2

    When services are provided by a trust and company service provider (TCSP) connected to a high-risk country, which of the following may present an immediate financial crime risk concern?

    A.

    Management structure

    B.

    Governance framework

    C.

    Asset structure

    D.

    Origin of the funds

    Question # 3

    Ateam overseeing the governance and effectiveness of a bank’s transaction monitoring approachshould implement which strategies? (Select Two.)

    A.

    Periodic review of suspicious activity reports (SARs) filed with FinCEN to determine whether any should be withdrawn.

    B.

    Periodic and ad hoc cooperation with the legal team to appropriately investigate and monitor the transactions of subjects of subpoenas or government inquiries.

    C.

    Periodic review of client profiles to ensure that the most up-to-date information is on file for high-risk clients in line with the bank’s internal policies and procedures.

    D.

    Periodic review of the transaction monitoring scenarios and their productivity to ensure that appropriate AML typologies are reflected.

    Question # 4

    An agent of a wealthy individual residing in Country A, which is on the EU list of high-risk third jurisdictions, approaches a notary in Country B, which is in the EU. The agent wants to complete a disposal of assets recently acquired at auction by the wealthy individual through an offshore company. The agent also has a power of attorney to act on behalf of the offshore company issued by a respectable law firm from Country C, which is also in the EU. The agent asks the notary to proceed with the disposal as quickly as possible without paying any specific attention to related costs or taxes to be paid as a result of this transaction. The notary notices the intended transfer price is significantly lower than the one recorded at auction, but the agent does not want to discuss this matter and claims that it is not covered by the power of attorney.

    Which red flags should the notary consider? (Select Two)

    A.

    The agent requested a disposal of assets at a lower price than recently acquired.

    B.

    The assets acquired through an auction were put in the name of an offshore company

    C.

    The agent acted on behalf of an individual residing in a country which is on the EU's list of high-risk jurisdictions

    D.

    The power of attorney was issued by a law firm in a different EU country from where the transaction took place.

    Question # 5

    Which should be provided to the board of directors or designated specialized committee when preparing suspicious activity reports (SARs)?

    A.

    Statistical data regarding SARs filed during the reported period

    B.

    All possible details of SARs filed during the reported period

    C.

    Copies of all SARs filed during the reported period

    D.

    Names of all customers subject to SARs filed during the reported period

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