CAMS PDF Exam Material 2025 Realistic CAMS Dumps Questions [Q17-Q37]

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CAMS PDF Exam Material 2025 Realistic CAMS Dumps Questions

Updated ACAMS CAMS Dumps – PDF & Online Engine

How to book the CAMS Exam

These are following steps for registering the CAMS exam.

Step 1: Fill your contact and membership information form
Step 2: Select your CAMS exam package and certification language
Step 3: Select any payment method and write the certification name
Step 4: Mail or Fax exam application with attached necessary documents (diploma, copies etc) that fulfill the 40 credit prerequisite to this address:

ACAMS
Attn. Certification Department
Brickell City Tower
80 Southwest 8th Street, Suite 2350
Fax: +1.305.373.7788 or +1.305.373.5229

ACAMS CAMS (Certified Anti-Money Laundering Specialists) Certification Exam is a globally recognized certification exam that is designed to test the knowledge and skills of professionals in the field of anti-money laundering (AML). CAMS exam is intended for professionals who work in financial institutions, regulatory bodies, law enforcement agencies, and other organizations that deal with financial crime prevention. The CAMS certification is awarded by the Association of Certified Anti-Money Laundering Specialists (ACAMS), which is a professional organization dedicated to the advancement of the AML profession.

CAMS Certified Anti-Money Laundering Specialist Exam

CAMS Certified Anti-Money Laundering Specialist Exam is designed by the Association of certified anti-money laundering specialist (ACAMS) is a global membership organization that provides training and certification, of anti-money laundering professionals worldwide. ACAMS is supporting financial AML professionals through knowledge sharing and skills development. CAMS exam tests candidates basic knowledge on setting up an AML compliance program, money laundering schemes, various international AML regulations, and how to handle AML investigations. CAMS exam is internationally recognized and a good designation for those who are looking to work in the AML field.

NEW QUESTION 17
What are three potential issues for foreign financial institutions maintaining correspondent accounts with U.S. banks under the Patriot Act? Choose 3 answers

Cancellation of correspondent banking relationships

Forfeiture of funds in a U.S. interbank account

Prohibition of correspondent accounts for shell banks

U.S. residents maintaining private banking accounts

NEW QUESTION 18
What does designing a country as being of “prime money laundering concern” allow the U.S. government to do?

Obtain transactional information from U.S.-owned subsidiary banks located outside the U.S.

Close some or all correspondent or payable-through accounts

Ensure the inclusion of that country onto FATF’s Non-Cooperative Country and Territory list

Ensure the inclusion of that country into the office of Foreign Asset Control country sanctions programs

NEW QUESTION 19
When creating an anti-money laundering program for a foreign bank with branches in the United States, which of the following are included among the four minimum elements required under the USA PATRIOT Act?
1. The development of a Know Your Customer program.
2. An ongoing employee training program.
3. The designation of a compliance officer.
4. An independent audit function to test the program.

1, 2, and 3 only

1, 2, and 4 only

1, 3, and 4 only

2, 3, and 4 only

NEW QUESTION 20
An anti-money laundering specialist is employed by a large multi-national bank. The bank is planning to open an international department that will be responsible for expanding services to various countries. The head of the new international department has asked the specialist to assess risks associated with the bank’s expansion plans. Which of the following materials should be included as a reference?

USA PATRIOT Act

Financial Action Task Force 40 Recommendations

Customer Due Diligence for Banks issued by the Basel Committee on Banking Supervision

The Egmont Group Statement of Purpose

NEW QUESTION 21
Which are social/economic consequences of money laundering? (Choose two.)

Civil war

Weakening financial institutions

Increase in corruption and organized crime

Increase in tax revenue

Weakening of the country’s infrastructure

NEW QUESTION 22
A compliance officer is developing an anti-money laundering program for a financial institution located in a Financial Action Task Force member country. The institution conducts business with customers located in countries/jurisdictions that are not members of Financia Action Task Force. Which of the following issues should be addressed in the program?
1. The requirement to identify the beneficial owners of accounts.
2. The requirement for customer identification for the opening of new accounts.
3. The financial institution’s obligation to report suspicious transactions.
4. The obligation to freeze funds involved in suspicious transactions.

1, 2, and 3 only

1, 2, and 4 only

1, 3, and 4 only

2, 3, and 4 only

A financial institution located in a Financial Action Task Force (FATF) member country should address the following issues in its anti-money laundering program when dealing with customers located in countries/jurisdictions that are not members of FATF:
The requirement to identify the beneficial owners of accounts: Beneficial owners are the natural persons who ultimately own or control a customer or a legal entity. Identifying the beneficial owners of accounts is a key component of customer due diligence (CDD) and helps the financial institution to assess the risk profile of the customer, prevent the misuse of legal entities for money laundering or terrorist financing, and comply with the FATF Recommendations12.
The requirement for customer identification for the opening of new accounts: Customer identification is the process of verifying the identity of a customer using reliable and independent sources of information or documents. Customer identification is another essential element of CDD and helps the financial institution to establish a business relationship with the customer, prevent identity fraud, and comply with the FATF Recommendations13.
The financial institution’s obligation to report suspicious transactions: Suspicious transactions are transactions that have no apparent economic or lawful purpose, or are inconsistent with the customer’s known profile or business activities, or indicate involvement in money laundering or terrorist financing. Reporting suspicious transactions to the competent authorities is a core obligation of the financial institution under the FATF Recommendations14 and helps to detect and deter illicit activities and support law enforcement investigations.
The obligation to freeze funds involved in suspicious transactions is not an issue that should be addressed in the anti-money laundering program, as it is not a requirement under the FATF Recommendations. The FATF Recommendations require the financial institution to freeze funds or other assets of designated persons and entities that are subject to targeted financial sanctions related to terrorism, proliferation of weapons of mass destruction, or other threats to the international financial system1 . However, the financial institution is not obliged to freeze funds involved in suspicious transactions, unless it receives a specific order from the competent authorities or the courts.
References:
The FATF Recommendations, as amended November 2023
Interpretive Note to Recommendation 10 (Customer Due Diligence), paragraphs 5(b) and 6 Recommendation 10 (Customer Due Diligence), paragraph 1 Recommendation 20 (Reporting of Suspicious Transactions) Recommendation 6 (Targeted Financial Sanctions Related to Terrorism and Terrorist Financing), Recommendation 7 (Targeted Financial Sanctions Related to Proliferation), and Recommendation 8 (Non-Profit Organisations)

NEW QUESTION 23
Which three should real estate agents include in the criteria to assess their company’s potential money laundering and terrorist financing risks when implementing a reasonable risk-based approach?

Credit Risk

Customer Risk

Transaction Risk

Geographic Risk

NEW QUESTION 24
After an institution files an STR with regard to a particular account, a law enforcement agent requests the institution to keep the account open until advised otherwise by law enforcement.
What steps should the institution take?

The institution should close the account in order not to be caught in the middle of a lawenforcement investigation

The institution should follow the request of the law enforcement agent and keep the accountopen

The institution should request a written letter From the law enforcement ( agency signed by anappropriate authorized signature

The institution should keep the account open only if doing so comports with the bank’s ownAML procedures

NEW QUESTION 25
Which principles should be included in a FATF-Style Regional Body (FSRB) update? (Choose two.)

Issue country-specific Mutual Evaluation reports

Address AML/CFT technical assistance of individual members

Identify jurisdictions with weak AML/CFT regimes

Establish AML/CFT standards and typologies

Protect the reputation and standing of FATF

According to the Anti-Money Laundering Specialist (the 6th edition) resources, FSRBs are regional organizations that help the FATF implement its global AML/CFT policy and standards in over 200 affiliated countries1. FSRBs have their own high-level principles and objectives that govern their relationship with the FATF and their members2. Among these principles and objectives, two that should be included in a FSRB update are:
Issue country-specific Mutual Evaluation reports. This is the process by which FSRBs assess the compliance and effectiveness of their members’ AML/CFT systems, based on the FATF standards and methodology3. Mutual Evaluation reports provide an in-depth analysis of the strengths and weaknesses of each jurisdiction, as well as recommendations for improvement4.
Identify jurisdictions with weak AML/CFT regimes. This is the process by which FSRBs, in coordination with the FATF, monitor and publicly list the countries that pose a risk to the international financial system due to their strategic deficiencies in AML/CFT. This process aims to encourage and assist these jurisdictions to address their gaps and enhance their cooperation with the global network.
The other three options are incorrect because:
Address AML/CFT technical assistance of individual members is not a principle that should be included in a FSRB update, as it is not a core function of FSRBs. FSRBs may facilitate or coordinate technical assistance, but they are not the primary providers or funders of such assistance.
Establish AML/CFT standards and typologies is not a principle that should be included in a FSRB update, as it is not a role of FSRBs. FSRBs are expected to adopt and implement the FATF standards, not to create their own. Typologies are the methods and trends of money laundering and terrorist financing, which are identified and analyzed by the FATF and FSRBs through research and workshops.
Protect the reputation and standing of FATF is not a principle that should be included in a FSRB update, as it is not a responsibility of FSRBs. FSRBs are autonomous and independent organizations that have their own governance and accountability mechanisms. FSRBs are expected to cooperate and coordinate with the FATF, but not to act as its agents or representatives.
References:
1: ACAMS, CAMS Study Guide, 6th Edition, Chapter 3, p. 64 2: FATF, High-Level Principles for the Relationship between the FATF and the FATF-Style Regional Bodies, February 2019, 3 3: ACAMS, CAMS Study Guide, 6th Edition, Chapter 3, p. 65 4: FATF, FATF Methodology for Assessing Technical Compliance with the FATF Recommendations and the Effectiveness of AML/CFT Systems, February 2013 (updated October 2019), [12] : ACAMS, CAMS Study Guide, 6th Edition, Chapter 3, p. 66 : FATF, High-Risk and Other Monitored Jurisdictions, 4 : FATF, High-Level Principles for the Relationship between the FATF and the FATF-Style Regional Bodies, February 2019, 3, p. 4 : FATF, High-Level Principles for the Relationship between the FATF and the FATF-Style Regional Bodies, February 2019, 3, p. 2 : ACAMS, CAMS Study Guide, 6th Edition, Chapter 3, p. 67 : FATF, High-Level Principles for the Relationship between the FATF and the FATF-Style Regional Bodies, February 2019, 3, p. 3 : FATF, High-Level Principles for the Relationship between the FATF and the FATF-Style Regional Bodies, February 2019, 3, p. 5 : FATF, FATF Methodology for Assessing Technical Compliance with the FATF Recommendations and the Effectiveness of AML/CFT Systems, February 2013 (updated October 2019), [12], p. 9 : FATF, High-Risk and Other Monitored Jurisdictions, 4, p. 1 Reference:
https://www.fatf-gafi.org/media/fatf/documents/High-Level%20Principles%20and%20Objectives%20for%20FA

NEW QUESTION 26
Which situations would require a financial institution (FI) to update its ML/TF risk assessment? (Choose two.)

When new products, services or customer types are introduced

When new board members are elected

When the AML compliance team hires new employees

When the institution faces a merger or acquisition

When opening a sales point in a new location in the same city

NEW QUESTION 27
Which principles should be included in a FATF-Style Regional Body (FSRB) update? (Choose two.)

Issue country-specific Mutual Evaluation reports

Address AML/CFT technical assistance of individual members

Identify jurisdictions with weak AML/CFT regimes

Establish AML/CFT standards and typologies

Protect the reputation and standing of FATF

NEW QUESTION 28
An anti-money laundering specialist has just developed and implemented an anti-money laundering program.
What is the most effective resource to evaluate the effectiveness of the program?

The regulator authorities

A member of senior management

The anti-money laundering specialist

A qualified independent party/auditor

NEW QUESTION 29
The bank’s internal financial intelligence unit (FIU) has reviewed activity related to a politically exposed person (PEP); the activity in the account contains a large, round number, one time wire to an obscure organization. Which would not be a sufficient reason to file a SAR/STR?

Beneficiary is largely unknown

Maintain the bank’s reputation

Wire is a large amount

Customer activity is unreasonable

NEW QUESTION 30
According to the Financial Action Task Force 40 Recommendations, Designated Non-Financial Businesses and Professionals include which entities?

Commodities traders

Money services businesses

Hawala operators

Real estate agents

NEW QUESTION 31
What are the regulatory risks to a bank employee who willfully violates anti-money laundering laws?

Investigation and reputational damage

Fines and suspension from the industry

Criminal investigation and imprisonment

Enforcement actions including fines against the financial institution

NEW QUESTION 32
Which three procedures should a compliance officer looking to revise an institution’s CTF efforts include in accordance with the Wolfsberg Group’s Statement on the Suppression of the Financing of Terrorism?

Consulting applicable lists and taking appropriate actions to determine if customers appear on such lists

Reporting matches from lists of known or suspected terrorists to relevant authorities

Maintaining customer information to facilitate timely retrieval of such information

Reviewing only original identification documents when verifying customers

NEW QUESTION 33
A foreign politically exposed person (PEP) requests to add a beneficiary to a file insurance policy.
How should the request be processed to mitigate risk?

Perform due diligence on the beneficiary

Determine the source of wealth and source of funds

Decline the request if the beneficiary is a foreign PEP

Decline the request to add a beneficiary due to increased risk

NEW QUESTION 34
The most effective tool used to detect structured transactions is

Verification of the source of funds.

A comprehensive account-opening procedure.

An employee training program to detect suspicious transactions.

A software program that can link apparently unrelated transactions.

NEW QUESTION 35
A popular restaurant in town has begun depositing less cash than it has in prior years. In a review of the customer’s accounts, you notice that credit card receipts have increased with no .
The account officer discovers that the restaurant has installed a privately-owned automated teller machine (ATM) onsite and has begun construction on a patio dining area.
Which red flag should trigger additional investigation?

Privately-owned ATM

Lower cash deposits

Increased credit card receipts

Construction of the new patio dining area

NEW QUESTION 36
When an institution files an STR with regard to a particular account, what steps should the institution take via account?

The institution should close the account due to the obvious risk it represents

The institution should keep the account open due to the need to continue to monitor the account

The institution should consult its counsel and AML compliance officer and determine whether closing the account is in accord with the institution’s procedures

The institution should not close the account due to the risk of tipping off the customer and upsetting the criminal investigation

NEW QUESTION 37
A local law enforcement officer notifies the bank compliance officer that he is working on an insurance fraud scheme that appears to be running transactions using the account of a bank employee. The law enforcement officer refers to a kiting suspicious transaction report filed by the compliance officer and requests further information.
What action should the compliance officer take?

Inform the board of directors

Call the employee and demand an explanation

Allow access to the bank’s documents immediately

Provide the information to the law enforcement in response to a formal written request