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
According to the Financial Action Task Force 40 Recommendations, Designated Non-Financial Businesses and Professionals include which entities?
- A . Commodities traders
- B . Money services businesses
- C . Hawala operators
- D . Real estate agents
According to the Financial Action Task Force 40 Recommendations, Designated Non-Financial Businesses and Professionals include which entities?
- A . Commodities traders
- B . Money services businesses
- C . Hawala operators
- D . Real estate agents
The Wolfsberg Principles
- A . 1, 2, and 3 only
- B . 1, 2, and 4 only
- C . 1, 3, and 4 only
- D . 2, 3, and 4 only
Transfers of money over the last 6 months to a corporation in a jurisdiction with strict secrecy laws triggered an alert.
Which of the following should cause the most suspicion of money laundering?
- A . The jurisdiction is a known tax haven.
- B . The company has bearer shares.
- C . The corporation director is a European citizen.
- D . No financial statements have been filed for 3 years.
In many jurisdictions, financial institutions are prohibited from hiring a person who has been convicted of what type of offense?
- A . Kidnapping
- B . Offenses involving dishonesty
- C . Driving while under the influence
- D . Protests of government action
Which three methods are commonly used by an accountant to launder money? (Choose three.)
- A . Representing a client court
- B . Understanding income to take a tax loss
- C . Overstating income to hide excess cash
- D . Acting as a conduit for transferring cash between accounts
- E . Acting as a designee for someone who wishes to hide their identity
The USA PATRIOT Act requires United States (U.S.) financial institutions to collect certain information from non-U.S. banks that hold a correspondent account.
Which two pieces of information must a non-U.S. bank provide to its U.S. correspondent to enable them to comply with this requirement? (Choose two.)
- A . The name and address of all shell banks the bank maintains accounts for
- B . The name and address of all beneficial owners who own 25% or more of the bank
- C . Prompt notice of any suspicious activity it detects on any customer who uses the correspondent account
- D . The name and address of a U.S. person who is authorized to receive service of legal process for the bank
In the summer, an institution identifies anti-money laundering concerns regarding a customer’s account activity. The customer, an ice cream, has deposited a lot of checks drawn on banks in foreign countries, sent large number of high dollar international wires to different countries, made cash deposits of a few hundred
dollars every few days and written multiple checks for a few hundred dollars to the same dozen payees every two weeks.
Which two transaction types warrant investigation? (Choose two.)
- A . Regular cash deposits
- B . The wires to foreign countries
- C . Repeated checks to the same payees
- D . Checks drawn on banks in foreign countries
The compliance officer for a private bank has been tasked with writing a policy on how the bank will deal with intermediaries.
Which two aspects should be included in the policy in respect of intermediaries to align it with the Wolfsberg Anti-Money Laundering Principles for Private Banking? (Choose two.)
- A . When an intermediary introduces clients to the bank, it is not necessary for the bank to perform due diligence on the intermediary’s clients.
- B . Where an intermediary introduces clients to the bank, the bank must obtain the same type of information with respect to an introduced client that would otherwise be obtained by the bank, absent the involvement of the intermediary.
- C . Where an intermediary manages assets on behalf of a number of clients and is the account holder with the bank, but that intermediary does not conduct the same level of due diligence as the bank, it is necessary for the bank to undertake due diligence on the intermediary’s clients.
- D . Where an intermediary manages assets on behalf of a number of clients and arranges for the opening of accounts for its clients with the bank, and that intermediary is a financial institution subject to similar regulations, it is necessary for the bank to perform due diligence on the intermediary’s clients.
According to the European Union Money Laundering Directives, "knowledge, intent or purpose"’ required as an element for money laundering may be inferred from
- A . Objective factual circumstances.
- B . Subjective factual circumstances.
- C . Objective non-factual circumstances.
- D . Subjective non-factual circumstances.
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