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ACAMS CAMS7 Exam Syllabus Topics:

Section	Weight	Objectives
Topic 1: Understanding Risks and Methods of Financial Crime	30%	– Financial Crime Risks related to MSBs, PSPs, and ecommerce platforms – Financial Crime Risks related to gaming and gambling – Financial Crime Risks related to products within other financial sectors – Financial Crime Risks related to VASPs, cryptoassets, and related products – Financial Crime Risks related to trusts and company service providers – Financial Crime Risks related to real estate – Financial Crime Risks related to gatekeepers – Financial Crime Risks related to insurance products – Financial Crime Risks related to Politically Exposed Persons (PEPs) and high-risk customers
Topic 2: Tools and Technologies to Fight Financial Crime
Topic 3: Building an AFC Compliance Program
Topic 4: Global AFC Frameworks, Governance and Regulations		– AML Regulatory Framework (Elective options: Canada, EU, UK, USA)

Q28. The EU’s 6th Anti-Money Laundering Directive (6AMLD):

Extended AML oversight to crowdfunding platforms and professional football clubs

Eliminated the requirement for the European Commission to conduct a risk assessment

Created a central EU watchdog to combat money laundering

Strengthened provisions relating to the accuracy of data submitted to central beneficial ownership registries

Q29. According to the Financial Action Task Force’s (FATF’s) “Guidance for a Risk-Based Approach Life Insurance Sector,” which of the following are money laundering red flags relating to the involvement of a third party in a life insurance product? (Select Two.)

A customer engages an attorney to consult on the issuance of the policy.

A customer transfers the policy to another insurance company unaffiliated with the original policy issuer.

Payments are regularly received from third parties that have no apparent relationship with the policy holder.

A customer names an apparently unrelated third party as a beneficiary.

Q30. Reference data screening includes the screening of which types of datasets? (Select Two.)

Types of payment messages

Customers

Third-party service providers

Customer spouses

Q31. An organization is developing a comprehensive anti-money laundering (AML) framework.
Which of the following statements best describes the relationship between AML policies and procedures?

Policies are detailed instructions for specific processes. Procedures are an overarching framework.
Neither policies nor procedures are mandatory for knowledge and adherence

Policies are broad guidelines. Procedures are detailed Instructions for specific processes. Only procedures are mandatory for knowledge and adherence.

Policies are detailed instructions for specific processes Procedures are an overarching framework Both policies and procedures are mandatory for knowledge and adherence.

Policies define the principles of an organization and influence the drafting of procedures. Procedures are detailed instructions for specific processes.

Q32. Which customer actions are red flags for virtual currency peer-to-peer transactions? (Choose two.)

A customer receives funds from a popular decentralized mixer

A customer uses funds from their monthly income to purchase virtual currency

A customer makes a transaction on the blockchain that their traditional financial institution is unaware of

A customer receives multiple wires from different sources and uses those funds to purchase virtual currency

Q33. What should a financial institution (FI) do in response to a formal law enforcement request to produce documents?

Keep senior management informed at all times to strategically organize a defense to terminate the law enforcement request

Verify the officer’s identification and ask for the law enforcement request to be served when the Chief Executive Officer is available to sign for it

Ask for an extension to review the FI’s privacy policy and confidentiality policy before providing any information under the law enforcement request

Designate a person responsible for the internal investigation in preparation of documents for the request

Q34. A trust and company services provider that offers a variety of services to businesses is approached by a client interested in establishing a new company. The client requests assistance with the incorporation process, a local business address, annual maintenance services, and the designation of individuals to serve in official capacities for the new company.
Which of the following services involves a higher money laundering risk?

Appointing individuals to serve in official capacities of the company

Annual maintenance services

Provision of a local business address

Company incorporation services

Q35. According to the Egmont Group, which benefits do public-private partnerships (PPPs) provide to Financial Intelligence Units (FIUs)? (Select Three.)

Helping overcome data protection and information sharing limitations

Enhancing the quality of reporting and additional informational input

Helping to alleviate the financial cost burden on law enforcement

Helping to design common approaches and identify desired deliverables

Offering flexibility, agility, and opportunities to adjust to the ML/TF threat environment

Q36. While there are legitimate reasons for trust and company service providers (TCSPs) to appoint a nominee shareholder, which feature of a nominee shareholder presents the greatest financial crime risk?

Supporting company liquidity and ease of exit strategies

Providing anonymity for the beneficial owner by keeping their identity hidden from the public register

Simplifying administrative tasks associated with shareholding

Helping non-residents comply with local ownership laws

Q37. Which of the following measures can help maintain the independence of BSA/AML compliance staff to ensure effective compliance controls?

Establishing BSA/AML compliance staff reporting to the management of the business line in the first line of defense

Ensuring BSA/AML compliance staff is primarily outsourced

Providing BSA/AML compliance staff a reporting line to compliance or other second line of defense internal control function

Providing BSA/AML compliance staff with a reporting line to the chief financial officer

Q38. A bank is using a network analysis tool to identify links between its customers and criminal entities.
The system identifies potential indirect relationships but is unable to prioritize them. What should the compliance officer do to enhance the tool’s effectiveness?

Manually review all flagged relationships for accuracy

Implement risk-scoring algorithms for indirect connections

Integrate external databases and social media profiles to cross-check flagged entities

Focus on direct connections between customers and criminal entities

Q39. How do national risk assessments (NRAs) and sectoral risk assessments influence a financial institution’ s (FI’s) internal AML/CFT risk assessment?

An FI must demonstrate that the risks identified in its AML/CFT risk assessment are aligned with the NRA and sectoral risk assessments and that these risks are managed effectively

If a sectoral risk assessment is published, the FI must implement it directly across all subsidiaries and branches without modification

An FI’s AML/CFT risk assessment must be written and approved by the board of directors exactly as specified in the NRA and sectoral risk assessment

An FI must strictly adopt the exact risk factors, weightings, and methodologies from the NRA and sectoral risk assessment without adjustment

Q40. Which of the following is one of the pillars of the EU AML Package adopted in June 2024?

Digital Operational Resilience Act

Anti-Corruption Directive

EU AML Regulation

7th AML Directive

Q41. Why is the prevention of financial crime so important?

Financial crime does enormous damage to society, undermining market integrity and consumers’ and market participants’ confidence

Financial crime risk incidents always result in fines and losses for the financial firm

Financial crime prevention processes make the onboarding process for clients unnecessarily burdensome and complex but create work

Financial crime prevention is important as it reduces costs and improves customer services.

Q42. Which statement best describes an organizational challenge for law enforcement agencies and Financial Intelligence Units (FIUs) when conducting cross-border money laundering (ML) investigations?

Defining a common communication approach and language between all involved parties.

Delays in the investigation due to a foreign FIU awaiting the results of queries performed by third parties.

Conducting an investigation in all countries through which ML funds were transferred when one or more of the countries do not have an FIU.

Investigations which involve high-ranking politicians, who often have influence over the local FIU.

Q43. An AML analyst at a financial institution is examining an alert generated by the automated transaction monitoring system to determine whether the alert should be escalated to the AML unit for further investigation or whether it can be archived as a false positive. Which action might be reasonable for the AML analyst to take?

Restrict the client’s access to the account

Request information from the relationship manager assigned to the account that caused the alert

Perform below-the-line testing to ensure the automated monitoring system is operating effectively

Send a request for information to the counterparty bank involved in the transaction that caused the alert

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New 2026 Realistic Free ACAMS CAMS7 Exam Dump Questions & Answer [Q28-Q43]

ACAMS CAMS7 Exam Syllabus Topics: