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
Upon a routine account review a money laundering investigator identified a number of large round dollar wire transfer deposits into a business account owned by a local auto repair shop. The wire transfers all originated from a country that is a known financial secrecy haven with poor anti-money laundering controls. The investigator concludes there appears to be no legitimate business purpose for the wire transfers and files a suspicious transaction report. The owner of the auto repair shop is popular in the community and is a wellknown philanthropist.
To whom should the investigator escalate these concerns?
- A . Audit committee
- B . Chairman of the Board
- C . The owner of the auto repair shop
- D . The bank anti-money laundering officer
A bank employee reviews wire transactions looking for indications of wire stripping.
Which two actions should the employee take to complete appropriate bank procedures? (Choose two.)
- A . Compare the wire transaction as it enters and after it leaves the bank
- B . Check for suspicious phrases usually used to conceal originator or beneficiary identity
- C . Identify large incoming wire transactions received on behalf of a foreign client with no explicit reason
- D . Identify wire transaction activity to or from a financial institution located in a higher risk jurisdiction
A customer has held an account at a bank and has lived locally for over 25 years.
Historically he has come into the bank monthly to deposit a $1,500 retirement check from the company where he worked. He is well known at the bank and often brings the staff cookies. Over the past four months, he has come into the bank every Monday, Wednesday, and Thursday to make $3,000 cash deposits into his account. A review of his account shows that an $8,500 check made out to cash clears his account each week. The bank has decided to file a suspicious transaction report (STR).
What is the important fact to include in the STR?
- A . The recent change in the timing of deposits and withdrawals in the account
- B . The customer’s work history and the amount of his monthly retirement check
- C . The fact that the account holder is well known to the bank staff
- D . The fact that the customer has lived in the area and has banked at this bank for 25 years
According to Basel Committee on Banking Supervision’s Customer Due Diligence for Banks, which of the following should provide an evaluation of a bank’s policies and procedures independent from its management?
- A . The credit risk department
- B . The Board
- C . A peer institution
- D . The compliance function
What is an example of the integration stage of money laundering involving a bank or another deposit-taking institution?
- A . Depositing illicit funds into an account set up for a front company
- B . Directing third parties to exchange illicit cash for negotiable instruments
- C . Wiring illicit funds from an account at one bank to an account at another bank
- D . Using illicit funds that had previously been deposited to purchase a luxury vehicle
A bank’s anti-money laundering section receives an anonymous tip that a customer might be engaging in possible money laundering.
Which two facts should be considered during the course of an investigation into this matter? (Choose two.)
- A . The customer has had a long-standing account at the bank
- B . The customer in on the exempt list for currency transaction reporting requirements
- C . The customer is issuing a number of wires to several relatively high-risk jurisdictions
- D . The customer’s account has had a large volume of activity, but the month-end balance is usually low
The anti-money laundering specialist of a small bank has identified suspicious activity at a branch located in an area of town where drug dealers are known to operate. An investigation of this activity discloses that the suspicious transactions occurred within the last 3 months and were processed by the same teller (cashier). The teller (cashier) did not file an internal report of unusual activity on these transactions. When checking personnel files, the specialist finds that the teller (cashier) has been a trusted employee for over 15 years, has an impeccable work record, and has participated in several anti-money laundering training sessions. The specialist recently became aware that the employee’s daughter has contracted a rare disease and is undergoing a very expensive treatment program. Regarding the teller’s (cashier’s) failure to report the unusual activity to the institution, the specialist should recommend
- A . Continuing to monitor the accounts.
- B . Refreshing anti-money laundering training for the teller (cashier).
- C . Directing the teller (cashier) to file a suspicious transaction report.
- D . Suspending the teller’s (cashier’s) employment.
How does the Financial Acton Task Force (FATF) communicate its findings regarding jurisdictions with strategic anti-money laundering / Counter Financing of Terrorism deficiencies?
- A . By issuing documentation to the private sector
- B . By issuing two formal documents three times per year
- C . By issuing informal communication to FATF members
- D . By issuing four formal documents to the deficient jurisdictions
When a bank performs a risk assessment, what areas should an institution focus on?
- A . The type and location of the institution’s clients
- B . The nature and breadth of the services and products the institution provides
- C . The geographic locations where the institution does business
- D . The amount of the money the institution earns prior to taxes
On who does the ultimate responsibility for an institution’s anti-money laundering program rest?
- A . The designated AML Compliance Officer
- B . The institution’s Board of Directors
- C . All employees with customer contact
- D . The government regulator examining the AML program
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