FREE PDF 2025 ACAMS CAMS: CERTIFIED ANTI-MONEY LAUNDERING SPECIALISTS FIRST-GRADE EXAM QUESTIONS AND ANSWERS

Free PDF 2025 ACAMS CAMS: Certified Anti-Money Laundering Specialists First-grade Exam Questions And Answers

Free PDF 2025 ACAMS CAMS: Certified Anti-Money Laundering Specialists First-grade Exam Questions And Answers

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What is the duration of the CAMS Exam

Format: Multiple choices, multiple answersLength of Examination: 3 1/2 hours

The CAMS certification program covers a broad range of topics related to AML, including regulations, risk assessment, customer due diligence, transaction monitoring, and investigations. The program is designed to provide professionals with a comprehensive understanding of the AML landscape and the tools and techniques used to prevent financial crimes. Certified Anti-Money Laundering Specialists certification program is available to individuals working in a variety of roles within the financial industry, including compliance officers, risk management professionals, law enforcement officials, and regulatory officials.

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In order to be eligible to take the CAMS certification exam, candidates must have a minimum of 40 hours of AML training or two years of AML-related work experience. Additionally, candidates must pass a background check and adhere to the ACAMS Code of Ethics and Professional Conduct. Once certified, CAMS professionals are required to complete 20 hours of continuing education every two years in order to maintain their certification.

ACAMS Certified Anti-Money Laundering Specialists Sample Questions (Q470-Q475):

NEW QUESTION # 470
Which of the following reflect money laundering risk indicators in relation to a securities account?
1. A high level of activity in that securities account immediately followed by a high volume of securities transactions.
2. Frequent wire transfers into an account immediately followed by debit card transactions.
3. Frequent wire transfers into an account immediately followed by checks (cheques) or other payment instruments drawn on the account.

  • A. 2 and 3 only
  • B. 1, 2, and 3
  • C. 1 and 2 only
  • D. 1 and 3 only

Answer: B

Explanation:
All of the three options reflect money laundering risk indicators in relation to a securities account, as they could suggest attempts to conceal the source or destination of illicit funds, or to avoid detection or reporting by authorities. According to the FATF Guidance for a Risk-Based Approach for the Securities Sector1, some of the common indicators of money laundering in securities transactions include:
A high level of activity in securities accounts inconsistent with the customer's profile or investment objectives Frequent or large movements of funds between accounts or institutions, especially involving high-risk jurisdictions or offshore locations Use of debit cards or other payment instruments to access funds from securities accounts Use of complex or unusual transactions or structures without apparent economic or legal purpose References: 1 FATF Guidance for a Risk-Based Approach for the Securities Sector, pages 43-44.


NEW QUESTION # 471
The marketing department presents a business plan targeting individuals holding important public positions. What are some steps the financial institution should implement as part of the plan to target such individuals?

  • A. Investigate the source of funds
  • B. Determine if the client appears on the Basel Committee on Banking Supervision's list of publicofficials
  • C. Determine the purpose of the account
  • D. Take all reasonable steps to check the background of the individual based on public information

Answer: A,C,D


NEW QUESTION # 472
As emphasized in theBasel Committee guidancefor"Sound Management of Risks Related to Money Laundering and Financing of Terrorism", thethird line of defense (audit function)should:

  • A. Report to the audit committee of the board of directors to maintain independence.
  • B. Conduct AML audits no less often than every 12 months for consistency in annual reporting.
  • C. Be involved in the day-to-day operations of the AML program to immediately prevent control failures.
  • D. Remain independent from expressing opinions on the sufficiency of remediation or action plans to address findings and recommendations.

Answer: A

Explanation:
Thethird line of defense (internal audit)providesindependent oversightof an institution'sAML/CFT compliance framework.
* Option B (Correct):The internal audit function should report to the board's audit committeeto maintainindependence and objectivity.
* Option A (Incorrect):While frequent audits are essential, AML audits should be risk-based rather than mandated at a strict 12-month interval.
* Option C (Incorrect):Internal audit must assess remediation plansto ensure they adequatelyaddress AML deficiencies.
* Option D (Incorrect):The third line of defense should not be involved in daily AML operationsto avoid conflicts of interest.
Three Lines of Defense in AML Risk Management:
A screenshot of a computer Description automatically generated

Best Practices for AML Audit Function:
* Ensure complete independence from AML operations.
* Conduct risk-based audits tailored to emerging threats.
* Report audit findings to the board for effective oversight.
Reference:
Basel Committee's "Sound Management of ML/TF Risks"
FATF Recommendation 18 (AML Internal Controls & Oversight)
Wolfsberg Group AML Audit Guidelines


NEW QUESTION # 473
According to the European Union Money Laundering Directives, "knowledge, intent or purpose"' required as an element for money laundering may be inferred from

  • A. Subjective non-factual circumstances.
  • B. Objective factual circumstances.
  • C. Objective non-factual circumstances.
  • D. Subjective factual circumstances.

Answer: B

Explanation:
According to Article 1(3) of Directive (EU) 2015/849 (4th Anti-Money Laundering Directive, 4AMLD),
"knowledge, intent or purpose" required as an element for money laundering may be inferred from objective factual circumstances. This means that the prosecution does not need to prove the actual state of mind of the offender, but can rely on the evidence of the surrounding facts and circumstances that indicate the offender's awareness or intention to launder money. This is consistent with the approach of the Financial Action Task Force (FATF), which defines money laundering as the intentional act of concealing or disguising the origin of criminal proceeds.
:
Directive - 2015/849 - EN - Fourth Anti-Money Laundering Directive - EUR-Lex, Article 1(3).
Preventing abuse of the financial system for money laundering and terrorist financing, Summary.
New Directive on Criminalisation of Money Laundering - eucrim, Introduction.


NEW QUESTION # 474
Combating the Financing of Terrorism (CFT)]
Which information should be provided to theBoard of Directors or a designated specialized committee when preparing aSuspicious Activity Report (SAR) report summary?

  • A. Copies of all SARs filedduring the reported period.
  • B. All possible detailsof SARs filed during the reporting period.
  • C. Names of all customerssubject to SARs filed during the reported period.
  • D. Statistical data regarding SARs filedduring the reported period.

Answer: D

Explanation:
SAR information ishighly sensitive, and institutionsmust follow strict confidentiality rulesto protect investigations and avoid "tipping off" customers.
* Option D (Correct):Statistical summaries (e.g., the number of SARs filed, trends, typologies)help the Board monitor AML riskswithout disclosing confidential details.
* Option A (Incorrect):Providingall possible detailsmay violateSAR confidentiality laws.
* Option B (Incorrect):Sharing full SAR copieswith non-compliance staff isnot permittedunder AML regulations.
* Option C (Incorrect):Naming specific customers under SAR reviewrisks"tipping off"or leaking confidential information.
Best Practices for SAR Reporting to the Board:
* Provide anonymized statistics on SAR trends.
* Highlight emerging AML risks and compliance effectiveness.
* Avoid disclosing specific cases or customer names.
Reference:
FinCEN SAR Confidentiality Rules (U.S.)
6th EU Anti-Money Laundering Directive (6AMLD)
FATF Recommendation 20 (Reporting Suspicious Transactions)


NEW QUESTION # 475
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