ACAMS CAMS Certified Anti-Money Laundering Specialist Online Training
ACAMS CAMS Online Training
The questions for CAMS were last updated at Sep 07,2025.
- Exam Code: CAMS
- Exam Name: Certified Anti-Money Laundering Specialist
- Certification Provider: ACAMS
- Latest update: Sep 07,2025
What does designing a country as being of “prime money laundering concern” allow the U.S. government to do?
- A . Obtain transactional information from U.S.-owned subsidiary banks located outside the U.S.
- B . Close some or all correspondent or payable-through accounts
- C . Ensure the inclusion of that country onto FATF’s Non-Cooperative Country and Territory list
- D . Ensure the inclusion of that country into the office of Foreign Asset Control country sanctions programs
An employee hears a colleague on the telephone with a customer giving advice on how to ensure that a suspicious transaction report will not be filed as a result of a future transaction.
What action should the employee take?
- A . Report the conversation to the local police
- B . Report the conversation to the compliance officer
- C . Tell the colleague that it is against policy to give such advice
- D . Ignore the situation because the colleague is the relationship manager for that customer
A branch manager for a small community bank has a new customer who deposits for EUR 50,000 checks into one account. Shortly thereafter, the customer goes to another branch and asks to transfer all but EUR 1,500 to three accounts in different foreign jurisdictions.
Which suspicious activity should be the focus of the suspicious transaction report?
- A . The customer opened the account with four large checks
- B . The customer goes to a different branch to make this transaction
- C . The customer transfers almost all of the funds out of the account
- D . The customer asks to transfer funds to accounts in three different foreign jurisdictions
How can a financial institution verify the nature and purpose of a business and its legitimacy?
- A . By reviewing a copy of the corporation’s latest audited reports and accounts
- B . By undertaking a company search or other commercial inquires to see that the institution has not been, or is not in the process of being dissolved of terminated
- C . By reviewing the company’s website
- D . By using an independent information verification process, such as by accessing public and private databases
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?
- A . Consulting applicable lists and taking appropriate actions to determine if customers appear on such lists
- B . Reporting matches from lists of known or suspected terrorists to relevant authorities
- C . Maintaining customer information to facilitate timely retrieval of such information
- D . Reviewing only original identification documents when verifying customers
Which method is used to launder money in casinos?
- A . Purchase chips with cash and play at a table
- B . Purchase chips with cash and redeem for cash
- C . Purchase chips with cash and redeem for a check
- D . Purchase chips with cash and sell to another person for cash
A businessman requests a European private bank to open a numbered or alternate name account.
According to the Basel Committee on Banking Supervision principles, which of the following is the most important question the banker should ask?
- A . Who will control the account?
- B . Who will inherit the proceeds in the event of the businessman’s death?
- C . How much money will be deposited into the account?
- D . What account-opening date should I record’!’
Why are Money Services Business (MSBs) frequently accused of being high risk for money laundering?
- A . A MSB should be used to hide money from a regulated entity
- B . MSBs generally charge lower commission rates than banks charge making them attractive to criminals
- C . MSBs can route funds to more high risk countries than banks
- D . MSBs are subject to regulatory scrutiny which varies greatly from country to country
A bank maintains a relationship with a customer who owns a small bakery business.
Which customer action indicates potential money laundering?
- A . The customer continually makes regular cash deposits
- B . The customer has multiple bank accounts at several locations
- C . The customer purchased property insurance that is twice the value of the business
- D . The customer recently wired a large amount to a foreign jurisdiction where family is located
Which requirement is included in the Fourth European Union Directive on money laundering?
- A . It requires obliged entities to consider politically exposed persons as high risk for life
- B . It requires obliged entities to conduct enhanced due diligence on all prepaid card holders
- C . It requires member countries to maintain registries of the beneficial owners of legal entities
- D . It requires member states to enact economic sanctions against countries that do not cooperate with
Financial Action Task Force recommendations
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