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 customer brings $15,000 worth of chips into a casino and plays various games. The customer redeems all the remaining chips and requests a wire transfer of the proceeds to an unrelated third party.
What are two red flags that indicate money laundering? (Choose two.)
- A . Customer redeeming all remaining chips
- B . Playing various games before cashing out
- C . Bringing $15,000 worth of chips into the casino
- D . Requesting a wire transfer to an unrelated third party
What must be materially true regarding transactions for United States (U.S.) sanctions laws to have jurisdiction?
- A . Transactions are traced to illegal proceeds
- B . Transactions are processed by a U.S. person
- C . Transactions are stripped of beneficial owner information
- D . Transactions are identified as proceeds of foreign corruption
According to the Financial Action Task Force 40 Recommendations, Designated Non-Financial Businesses and Professions include
- A . commodities traders.
- B . money services businesses.
- C . hawala operators.
- D . real estate agents.
A European Union (EU) bank has a correspondent banking relationship with a U.S. bank. Under USA PATRIOT Act Section 311, the U.S. government has enacted special measures against a designated entity that has a payable-through account with the EU bank.
Which of the following actions might the U.S. bank be required to take regarding the EU bank’s services for the designated entity?
- A . Ensure the designated entity’s confidential information is not shared with other entities.
- B . Obtain additional information about customers permitted to use this account.
- C . Verify that the EU bank serves the designated entity.
- D . Perform enhanced due diligence on the EU bank.
A European Union (EU) bank has a correspondent banking relationship with a U.S. bank. Under USA PATRIOT Act Section 311, the U.S. government has enacted special measures against a designated entity that has a payable-through account with the EU bank.
Which of the following actions might the U.S. bank be required to take regarding the EU bank’s services for the designated entity?
- A . Ensure the designated entity’s confidential information is not shared with other entities.
- B . Obtain additional information about customers permitted to use this account.
- C . Verify that the EU bank serves the designated entity.
- D . Perform enhanced due diligence on the EU bank.
A European Union (EU) bank has a correspondent banking relationship with a U.S. bank. Under USA PATRIOT Act Section 311, the U.S. government has enacted special measures against a designated entity that has a payable-through account with the EU bank.
Which of the following actions might the U.S. bank be required to take regarding the EU bank’s services for the designated entity?
- A . Ensure the designated entity’s confidential information is not shared with other entities.
- B . Obtain additional information about customers permitted to use this account.
- C . Verify that the EU bank serves the designated entity.
- D . Perform enhanced due diligence on the EU bank.
A European Union (EU) bank has a correspondent banking relationship with a U.S. bank. Under USA PATRIOT Act Section 311, the U.S. government has enacted special measures against a designated entity that has a payable-through account with the EU bank.
Which of the following actions might the U.S. bank be required to take regarding the EU bank’s services for the designated entity?
- A . Ensure the designated entity’s confidential information is not shared with other entities.
- B . Obtain additional information about customers permitted to use this account.
- C . Verify that the EU bank serves the designated entity.
- D . Perform enhanced due diligence on the EU bank.
Frequent wire transfers into an account immediately followed by checks (cheques) or other payment instruments drawn on the account.
- A . 1 and 2 only
- B . 1 and 3 only
- C . 2 and 3 only
- D . 1, 2, and 3
An automotive parts company in South America sends multiple $500,000 wire transfers per week to ABC Holdings Ltd. in Asia referencing payment for silk flower shipments. Research reveals Sunrise Holdings, Ltd is registered in the British Virgin Islands with no available ownership information.
What are two red flags that indicate how trade-based money laundering could be occurring in this instance? (Choose two.)
- A . The transaction involves the use of front (or shell) companies
- B . The packaging is inconsistent with the commodity or shipping method
- C . Significant discrepancies appear between the description of the commodity on the bill of lading and the invoice
- D . The type of commodity being shipped appears inconsistent with the exporter or importer’s regular business activities
What are two requirements of United States financial institutions when conducting business with an international institution as a result of the USA PATRIOT Act? (Choose two.)
- A . Performing enhanced due diligence on shell banks
- B . Performing due diligence on correspondent accounts
- C . Visiting the head office of the international financial institution
- D . Complying with Special Measures issued under the USA PATRIOT Act
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