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 bank customer operates a fuel station as a sole proprietorship. The customer places deposits and other credits in a business account. The customer routinely transfers money from the business account to a brokerage account where he invests in money market securities. The customer also routinely makes monthly transfers to a credit card and line of credit to pay off balances. The volume of activity flowing through the business account has doubled in the past 3 months. An internal investigator reviews business account statements and credit card activity for the past 3 months, scans media articles about the customer, and interviews the account officer about the customer and account activity. This internal investigation did not provide an explanation for the increased activity1.
Which of the following should the anti-money laundering specialist recommend to the internal investigator?
- A . Concentrate on trades made in the brokerage account.
- B . Review activity in all related customer accounts in the past year.
- C . Analyze account activity for selected accounts since the accounts were opened.
- D . No additional steps are necessary because this was a thorough review of the activity.
Which of the following is the best action to take regarding a particular account once suspicious activity is reported by the institution?
- A . Notify the client that the transaction has been reported.
- B . Freeze the funds pending notification from the competent authority.
- C . Secure all supporting documentation.
- D . Immediately close the account.
The Wolfsberg Anti-Money Laundering Principles for Private Banking require new clients to be approved by whom?
- A . The board of directors
- B . Only the private banker
- C . The private banker’s supervisor
- D . At least one person other than the private banker
Which scenario is closest to the definition of money laundering the United Nations Convention against Transnational Organized Crime and Other Protocols provided?
- A . Filing a suspicious transaction report when you know or suspect money laundering is taking place
- B . Knowingly financing a resort development with the proceeds of arms trafficking
- C . Assisting a client in a property conveyance by effecting the transfer of ownership from the seller to the purchaser when you don’t know the purchaser
- D . Discussing your suspicions with a client, thus giving the client the opportunity to switch service providers and to cover his tracks in future transactions
Which scenario is closest to the definition of money laundering the United Nations Convention against Transnational Organized Crime and Other Protocols provided?
- A . Filing a suspicious transaction report when you know or suspect money laundering is taking place
- B . Knowingly financing a resort development with the proceeds of arms trafficking
- C . Assisting a client in a property conveyance by effecting the transfer of ownership from the seller to the purchaser when you don’t know the purchaser
- D . Discussing your suspicions with a client, thus giving the client the opportunity to switch service providers and to cover his tracks in future transactions
Which scenario is closest to the definition of money laundering the United Nations Convention against Transnational Organized Crime and Other Protocols provided?
- A . Filing a suspicious transaction report when you know or suspect money laundering is taking place
- B . Knowingly financing a resort development with the proceeds of arms trafficking
- C . Assisting a client in a property conveyance by effecting the transfer of ownership from the seller to the purchaser when you don’t know the purchaser
- D . Discussing your suspicions with a client, thus giving the client the opportunity to switch service providers and to cover his tracks in future transactions
Which scenario is closest to the definition of money laundering the United Nations Convention against Transnational Organized Crime and Other Protocols provided?
- A . Filing a suspicious transaction report when you know or suspect money laundering is taking place
- B . Knowingly financing a resort development with the proceeds of arms trafficking
- C . Assisting a client in a property conveyance by effecting the transfer of ownership from the seller to the purchaser when you don’t know the purchaser
- D . Discussing your suspicions with a client, thus giving the client the opportunity to switch service providers and to cover his tracks in future transactions
Which scenario is closest to the definition of money laundering the United Nations Convention against Transnational Organized Crime and Other Protocols provided?
- A . Filing a suspicious transaction report when you know or suspect money laundering is taking place
- B . Knowingly financing a resort development with the proceeds of arms trafficking
- C . Assisting a client in a property conveyance by effecting the transfer of ownership from the seller to the purchaser when you don’t know the purchaser
- D . Discussing your suspicions with a client, thus giving the client the opportunity to switch service providers and to cover his tracks in future transactions
All security trading activities for that individual since 2004.
- 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 two channels can be utilized during a cross-border money laundering investigation to assist in gathering information according to Financial Action Task Force? (Choose two.)
- A . Contacting existing liaison officers in the foreign jurisdiction
- B . Exchanging information between national law enforcement agencies
- C . Contacting the potential suspect or their family members to request information
- D . Submitting only formal requests for information to a financial intelligence unit
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