ACAMS CAMS Certified Anti-Money Laundering Specialist Online Training
ACAMS CAMS Online Training
The questions for CAMS were last updated at Oct 24,2025.
- Exam Code: CAMS
- Exam Name: Certified Anti-Money Laundering Specialist
- Certification Provider: ACAMS
- Latest update: Oct 24,2025
Respondent’s location, in particular the existence of a real physical presence.
- A . 1, 2, and 3 only
- B . 1, 2, and 4 only
- C . 1, 3, and 4 only
- D . 2, 3, and 4 only
Which three stages of money laundering are on-line banking vulnerable to?
- A . Placement
- B . Layering
- C . Integration
- D . Structuring
A United States (U.S.) bank was recently alerted by law enforcement of an increase in sale of large denomination U.S. bank notes to casas de cambio. They suspect that a Mexican syndicate is operating a money laundering scheme in the bank’s jurisdiction.
Which two steps should be taken to trace funds through the bank to assist law enforcement in their investigation? (Choose two.)
- A . Identify the money laundering scheme and submit a suspicious transaction report
- B . Identify if there is a decrease in the sale of large denomination U.S. bank notes to casas de cambio by the bank
- C . Identify deposits by casas de cambio that include third-party items including sequentially numbered monetary instruments
- D . Identify multiple wire transfers initiated by casas de cambio to jurisdictions outside of Mexico that bear no apparent business relationship with that casa de cambio
A bank located in Arizona is considering a loan application for a new client. The collateral for the loan is a property in Florida.
The loan will be in the name of a limited company (LLC) whose ownership is not disclosed to the bank. The LLC was established by a New York-based attorney.
The loan will be repaid by the LLC in monthly wire transfers of $9,000 which is more than the required monthly payment.
Which aspect indicates potential for money laundering?
- A . The LLC’s ownership is not disclosed to the bank
- B . The collateral, a property in Florida, is not located in Arizona
- C . The repayment in the amount of $9,000 indicates potential structuring
- D . The attorney associated with the account is outside the bank’s lending area
Which event occurs most frequently in money laundering in the insurance industry?
- A . Getting a reimbursement from an overfunded policy
- B . Purchasing full-term insurance bonds
- C . Failing to take advantage of the free-look period
- D . Redeeming a policy at the end of its term
What are two requirements for monitoring and reporting suspicious activity for correspondent banking according to the Wolfsberg Principles? (Choose two.)
- A . Incorporate suspicious activity monitoring into periodic reviews
- B . Incorporate due diligence results such as customer risk ratings
- C . Utilize downstream correspondents to investigate and report suspicious activity
- D . Investigate and report suspicious activity only for the correspondent bank’s clients
A recent anti-money laundering audit revealed several regulatory reporting violations and lapses with the organization’s anti-money laundering policy. As a result, the compliance officer has created a follow-up matrix to document progress in correcting the identified deficiencies.
To whom should the compliance officer provide regular updates of corrective action to help ensure the appropriate oversight?
- A . Audit management
- B . Human Resources
- C . Business line managers
- D . Designated board committee
What are two sources for maintaining up-to-date sanctions information? (Choose two.)
- A . U.S. Federal Bureau of Investigation’s National Security Letters
- B . U.S. Department of the Treasury Office of Foreign Assets Control
- C . U.S. Department of the Treasury C Section 311 C Special Measures
- D . Financial Action Task Force’s list of High Risk and Non-Cooperative Jurisdictions
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?
- A . Privately-owned ATM
- B . Lower cash deposits
- C . Increased credit card receipts
- D . Construction of the new patio dining area
A U.K. real estate agent has three foreign clients interested in purchasing an apartment building, valued at £30 million, in the outskirts of London as an investment property. The clients are not willing to have their names provided to the bank. The clients want to purchase to be made in the names of three private companies for privacy reasons. The plan is to wire the funds into an account held in the name of another private company at a bank in London.
Which red flag should stop the agent from discussing this potential purchase further?
- A . The clients are foreign
- B . The clients have the funds necessary to fund a £30 million purchase
- C . The clients are not willing to have their names provided to the bank
- D . The clients want to purchase to be made in the names of the private companies
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