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
A suspicious transaction report filed on a car dealer structuring deposits initiates a criminal investigation. The dealer changes branches and begins placing transactions with a frontline
employee to whom the dealer has given numerous gifts.
This employee handles all of the dealer’s structured deposits and does not report the suspicious activity internally.
The competent authority has advised the anti-money laundering specialist to avoid tipping off the employee until the investigation is finalized.
What action should the specialist take next?
- A . Recommend the immediate termination of the employee.
- B . Advise that the dealer’s accounts should be closed.
- C . Consult with senior management and the legal advisor.
- D . Inform the institution’s regulatory agency of the situation.
What are two requirements with respect to supporting documentation that is used to identify potentially
suspicious activity, according to Financial Action Task Force? (Choose two.)
- A . It must be retained for at least five years
- B . It must be retained for at least seven years
- C . It must be kept in a manner so that it can be provided promptly
- D . It must only be released to the government through a subpoena process
In general, what is an element that a financial institution or business does not have to specifically address in an anti-money laundering program?
- A . A system of internal policies, procedures and controls
- B . A designated compliance officer with day-to-day oversight over the AML program
- C . An ongoing employee training program
- D . A description of its OFAC program to address government watch list screening
A politically exposed person (PEP) maintains an account at a bank. Last month a money laundering analyst filed a suspicious transaction report about unusual wire deposits originated by unknown individuals in the home country of the official.
To whom should this situation be escalated?
- A . The board of directors
- B . The line of business executive
- C . The bank’s anti-money laundering officer
- D . The Financial Action Task Force’s PEP Hotline
The branch manager notices that a number of customers come in weekly and always use the same teller to process their deposits. The manager notices that the customers and the teller, who are from the same ethnic group, are speaking in a foreign language and every once in a while the customers from local ethnic restaurants will bring the teller lunch. The commercial customers that visit the teller generally deposit the same amount of cash each time they come in.
How should the branch manager respond to this activity?
- A . Transfer the teller to another branch
- B . Conduct further investigation before taking any other action
- C . Encourage the teller to bring in more business from the ethnic community
- D . Suggest to the teller to send the customers to other tellers to avoid the opportunity for collusion
When should the anti-money laundering risk assessment be updated?
- A . Every two years
- B . After a merger or acquisition
- C . When the board of directors changes
- D . When instructed to by the Financial Action Task Force
A compliance officer at an insurance company has been reviewing the transaction activity of several clients.
Which transaction is considered a red flag for potential money laundering?
- A . A client paid the quarterly life insurance premium using money orders from two different banks.
- B . A client from a high-risk jurisdiction recently purchased property insurance for a real-estate development.
- C . A corporation owns several affiliates and recently opened separate group life insurance policies for each of the affiliates.
- D . A client established a $100,000 charitable annuity with a non-profit organization that provides health and safety assistance internationally.
A compliance officer at an insurance company has been reviewing the transaction activity of several clients.
Which transaction is considered a red flag for potential money laundering?
- A . A client paid the quarterly life insurance premium using money orders from two different banks.
- B . A client from a high-risk jurisdiction recently purchased property insurance for a real-estate development.
- C . A corporation owns several affiliates and recently opened separate group life insurance policies for each of the affiliates.
- D . A client established a $100,000 charitable annuity with a non-profit organization that provides health and safety assistance internationally.
A compliance officer at an insurance company has been reviewing the transaction activity of several clients.
Which transaction is considered a red flag for potential money laundering?
- A . A client paid the quarterly life insurance premium using money orders from two different banks.
- B . A client from a high-risk jurisdiction recently purchased property insurance for a real-estate development.
- C . A corporation owns several affiliates and recently opened separate group life insurance policies for each of the affiliates.
- D . A client established a $100,000 charitable annuity with a non-profit organization that provides health and safety assistance internationally.
A compliance officer at an insurance company has been reviewing the transaction activity of several clients.
Which transaction is considered a red flag for potential money laundering?
- A . A client paid the quarterly life insurance premium using money orders from two different banks.
- B . A client from a high-risk jurisdiction recently purchased property insurance for a real-estate development.
- C . A corporation owns several affiliates and recently opened separate group life insurance policies for each of the affiliates.
- D . A client established a $100,000 charitable annuity with a non-profit organization that provides health and safety assistance internationally.
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