ACAMS CAMS Certified Anti-Money Laundering Specialist Online Training
ACAMS CAMS Online Training
The questions for CAMS were last updated at Sep 08,2025.
- Exam Code: CAMS
- Exam Name: Certified Anti-Money Laundering Specialist
- Certification Provider: ACAMS
- Latest update: Sep 08,2025
A customer comes into the bank and appears to be ill-at-ease waiting in the teller line. When the customer gets to the teller, he become exceedingly nervous and asks for a large cashier’s check to be cashed and disbursed to him in $100 bills.
What should the teller do after completing the transaction?
- A . Confer with the bank’ s account going forward
- B . File a SAR on the customer
- C . Monitor the customer’s account going forward
- D . File a CTR on the customer by the end of the day
A compliance officer provides an overview of the bank’s anti-money laundering program to a group of new tellers during employee orientation.
Which training element should be delivered to this audience?
- A . Results of recent risk assessments
- B . Large cash transaction reporting procedures
- C . The financial institution’s surprise cash audit policy
- D . Past check fraud losses incurred by the financial institution
An audit completed the previous week revealed that a private banking customer submitted incomplete documents when establishing an account earlier in the year. The customer received weekly electronic fund transfers from a narcotic-producing jurisdiction.
While the Relationship Manager who opened the account is on leave for 5 weeks, the customer requests that the institution remit a substantial sum to a country that represents a high risk of money laundering.
The Relationship Manager is a friend of the anti-money laundering specialist.
Which of the following should the anti-money laundering officer do first?
- A . File a suspicious transaction report with the competent authority.
- B . Investigate the transfer of funds.
- C . Suspend the transfer until the relationship manager returns.
- D . Postpone the follow-up on the audit finding.
Which two aspects of precious metals pose the highest risk of money laundering? (Choose two.)
- A . Some precious metals can be formed into other objects, making easier to transport
- B . Precious metals have high intrinsic value in a relatively compact form and are easy to convert into currency
- C . The value of precious metals can be inflated easily, making it easy to increase the amount of money laundered
- D . Precious metals can be readily used in many high-tech commercial applications, making them all the more valuable
What is a key objective of the Egmont Group?
- A . To find ways to promote the development of Financial Intelligence Units and the sharing of expertise.
- B . To safeguard the financial system from illicit use and combat money laundering and promote national security.
- C . To issue binding standards that establish consistently operated Financial Intelligence Units in member jurisdictions.
- D . To provide best practices for financial institutions on how to report suspicious activity to best share the information with law enforcement.
Which aspect of the USA PATRIOT Act impacts foreign financial institutions?
- A . Requiring enhanced due diligence for foreign shell banks
- B . Expanding sanctions requirements to a U.S. financial institution’s foreign branches
- C . Expanding the anti-money laundering program requirements to all foreign financial institutions
- D . Providing authority to impose special measures on institutions that are of primary money-laundering concern
What is an essential element of Know Your Customer (KYC) standards according to the Basel Committee’s Customer Due Diligence for Banks paper?
- A . Annual staff training
- B . A customer acceptance policy
- C . The same KYC requirements must be applied in all cases
- D . All completed KYC documents must be reviewed by a senior manager not involved in the account opening process
What is an essential element of Know Your Customer (KYC) standards according to the Basel Committee’s Customer Due Diligence for Banks paper?
- A . Annual staff training
- B . A customer acceptance policy
- C . The same KYC requirements must be applied in all cases
- D . All completed KYC documents must be reviewed by a senior manager not involved in the account opening process
What is an essential element of Know Your Customer (KYC) standards according to the Basel Committee’s Customer Due Diligence for Banks paper?
- A . Annual staff training
- B . A customer acceptance policy
- C . The same KYC requirements must be applied in all cases
- D . All completed KYC documents must be reviewed by a senior manager not involved in the account opening process
What is an essential element of Know Your Customer (KYC) standards according to the Basel Committee’s Customer Due Diligence for Banks paper?
- A . Annual staff training
- B . A customer acceptance policy
- C . The same KYC requirements must be applied in all cases
- D . All completed KYC documents must be reviewed by a senior manager not involved in the account opening process
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