2026 Updated Verified CAMS Downloadable Printable Exam Dumps
The Ultimate ACAMS CAMS Dumps PDF Review
To earn the CAMS certification, candidates must pass a rigorous exam that covers a range of topics related to AML compliance. CAMS exam is designed to test a candidate's knowledge of AML regulations, risk assessment, customer due diligence, and transaction monitoring, among other topics. Candidates must also have a minimum of 40 hours of AML-related training within the past three years to be eligible to take the exam.
NEW QUESTION # 59
A client is a wholesale auto business that operates as a used car lot. The client regularly ships vehicles internationally. In a four-month period, the client received wires totaling $ 1,250,000 from a dealer in Benin in West AfricA. All wires originated from Benin and were in increments of $50,000.
Account debits made to the account were payable to various transport companies. All incoming checks reference various vehicles purchased. Dock shipping receipts produced by the client to support account activity identify the vehicles but cannot easily be tied to the wires receives.
What is the suspicious behavior?
- A. Wires received are in large, even dollar amounts
- B. Account debits are payable to transport companies
- C. The dock shipping receipts match the vehicles
- D. Vehicles are regularly shipped internationally
Answer: A
NEW QUESTION # 60
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 beneficial owners who own 25% or more of the bank
- B. The name and address of all shell banks the bank maintains accounts for
- C. The name and address of a U.S. person who is authorized to receive service of legal process for the bank
- D. Prompt notice of any suspicious activity it detects on any customer who uses the correspondent account
Answer: A,C
NEW QUESTION # 61
Who has the ultimate responsibility within a bank for ensuring that the bank has a comprehensive and effective Bank Secrecy Act / anti-money laundering (BSA/AML) program and oversight framework that is reasonably designed to ensure compliance with applicable regulations?
- A. Board of directors
- B. Business line managers
- C. BSA/AML compliance officer
- D. Senior management
Answer: A
Explanation:
The board of directors has the ultimate responsibility within a bank for ensuring that the bank has a comprehensive and effective BSA/AML program and oversight framework that is reasonably designed to ensure compliance with applicable regulations. According to the Federal Financial Institutions Examination Council (FFIEC) BSA/AML Examination Manual, the board of directors must approve the BSA/AML compliance program, which includes the BSA/AML policy, internal controls, independent testing, designated BSA/AML compliance officer, and training1. The board of directors must also provide sufficient resources, ensure qualified staff, and hold senior management accountable for implementing and adhering to the BSA/AML compliance program1.
References:
1: FFIEC BSA/AML Examination Manual, Board of Directors and Senior Management Oversight
NEW QUESTION # 62
The new compliance officer has reviewed the bank's anti-money laundering training program. The program consists of online training for all new employees within 30 days of hire date and annual refresher training to all employees. In addition, there is specialized training for areas that deal with higher risk products and customers.
Over the last year, there have been no regulatory changes and no new products or services have been introduced. The compliance officer wants to propose to the board of directors that the annual refresher training is still current and can be delivered unchanged to all employees.
Which two critical pieces of information could be missed by taking this approach? (Choose two.)
- A. Changes to internal policies, procedures, and processes
- B. Links to enforcement actions identifying violations in other financial institutions
- C. Any new trends, developments, or risks
- D. Results of the previous year's risk assessment
Answer: B,C
Explanation:
By delivering the same annual refresher training to all employees, the compliance officer could miss the opportunity to update the staff on any new trends, developments, or risks that have emerged in the anti-money laundering field. For example, new typologies, indicators, technologies, or best practices could be relevant for the staff to be aware of and apply in their daily work. Moreover, the compliance officer could also miss the chance to share any links to enforcement actions identifying violations in other financial institutions that could serve as lessons learned or case studies for the staff to avoid similar mistakes or gaps in their compliance program.
References:
ACAMS CAMS Certification Video Training Course, Module 5: Risk Management, Lesson 5.4:
Training1
ACAMS CAMS Certification Study Guide, 6th Edition, Chapter 5: Risk Management, Section 5.4:
Training2
NEW QUESTION # 63
An employee hears a colleague on the telephone with a customer giving advice on how to ensure that a suspicious transaction report will not be filed as a result of a future transaction.
What action should the employee take?
- A. Tell the colleague that it is against policy to give such advice
- B. Report the conversation to the compliance officer
- C. Ignore the situation because the colleague is the relationship manager for that customer
- D. Report the conversation to the local police
Answer: B
Explanation:
According to the Anti-Money Laundering Specialist (the 6th edition) resources, the employee should report the conversation to the compliance officer because the colleague is engaging in tipping off, which is a serious violation of anti-money laundering laws and regulations. Tipping off is the act of informing a person or entity that they are the subject of a suspicious transaction report or an investigation, or providing any information that may compromise or impede the investigation. Tipping off can result in criminal penalties, civil liabilities, and disciplinary actions for the individual and the institution. Therefore, the employee has a duty to report the colleague's misconduct to the compliance officer, who is responsible for ensuring compliance with the anti- money laundering policies and procedures, and taking appropriate corrective actions.
CAMS Certification Package - 6th Edition | ACAMS, Chapter 3: Compliance Standards for Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT), page 97 CAMS Certifications: How to Get CAMS Certified | ACAMS, CAMS Examination Preparation, page 8 ACAMS CAMS Certification Video Training Course - Exam-Labs, Module 3: Compliance Standards for Anti-Money Laundering and Combating the Financing of Terrorism, video 3.4: Tipping Off and Confidentiality Exam CAMS: Certified Anti-Money Laundering Specialist (the 6th edition), Question 8, Answer B
NEW QUESTION # 64
Which three do the Office of Foreign Asset Control regulations cover? Choose 3 answers
- A. All foreign-based entities that have U.S. customers
- B. All U.S. citizens
- C. All U.S.-domiciled entities and their foreign branches
- D. All persons and entities within the U.S.
Answer: B,C,D
Explanation:
The Office of Foreign Assets Control (OFAC) is a department of the U.S. Treasury that administers and enforces economic and trade sanctions based on U.S. foreign policy and national security goals1. OFAC regulations cover all persons and entities within the U.S., all U.S.-domiciled entities and their foreign branches, and all U.S. citizens, wherever located or employed2. These include U.S. banks, U.S. corporations,
U.S. subsidiaries of foreign corporations, U.S. residents, and U.S. citizens living or traveling abroad3. OFAC regulations do not cover foreign-based entities that have U.S. customers, unless they are owned or controlled by U.S. persons or entities4.
1: Home | Office of Foreign Assets Control 2: eCFR :: 31 CFR Chapter V - Office of Foreign Assets Control, Department of the Treasury 3: FFIEC BSA/AML Office of Foreign Assets Control - Office of Foreign Assets Control 4: Office of Foreign Assets Control (OFAC): Definition, Sanctions
NEW QUESTION # 65
In reviewing recent activity, a compliance officer for a money transmitter that several customers are each remitting the same amount of money but much more frequently.
How should the institution respond?
- A. File a suspicious transaction report
- B. Conduct further investigation to determine whether this is truly suspicious activity
- C. Instruct the tellers not to process remittances for these customers in the future
- D. Immediately contact the customers and ask them why they are remitting money more often
Answer: B
NEW QUESTION # 66
A charity has unaudited accounts. Which of the following represents the highest risk factor for terrorist financing?
- A. Disbursement of funds to entities unrelated to the purpose of the charity.
- B. Frequent changes to the senior management of the charity.
- C. An international board composed of politically exposed persons.
- D. Frequent deposits from third parties into the charity's bank account.
Answer: D
NEW QUESTION # 67
Which method is indicative of potential money laundering and terrorist financing activity?
- A. An unknown client pays $1,000 in cash for an urgent transfer to a high risk country
- B. An unknown client purchases multiple monetary instruments for one person during the course of one day
- C. A commercial client in the export business regularly receives wire transfers from high risk countries
- D. Client converts 500 Euro in mixed denomination notes to small denomination U.S. bills in a single transaction
Answer: A
Explanation:
This method is indicative of potential money laundering and terrorist financing activity because it involves several red flags, such as:
* The use of cash, which is anonymous and difficult to trace
* The urgency of the transfer, which may suggest a need to move funds quickly before they are detected
* The destination of the transfer, which may be a high risk country with weak anti-money laundering (AML) and counter-terrorism financing (CTF) controls or sanctions
* The lack of information about the client and the beneficiary, which may indicate a lack of due diligence or customer identification These factors may indicate that the client is trying to conceal the source, ownership, or purpose of the funds, or that the funds are related to illicit activities such as money laundering or terrorist financing.
References:
* ACAMS CAMS Certification Video Training Course1, Module 2: Money Laundering Risks and Methods, Lesson 2.2: Money Laundering Methods
* ACAMS CAMS Study Guide, 6th Edition2, Chapter 2: Money Laundering Risks and Methods, Section
2.2: Money Laundering Methods, pp. 35-36
* ACAMS CAMS Examination Preparation Seminar, 6th Edition3, Chapter 2: Money Laundering Risks and Methods, Section 2.2: Money Laundering Methods, Slide 14
NEW QUESTION # 68
A financial institution (FI) is fined for failure to implement an effective AML program. Which consequences could the regulator impose on the bank's Chief AML Officer? (Select Three.)
- A. Prohibition from dealing with goods on the Wassenaar List
- B. Civil and criminal prosecution, fines, and imprisonment
- C. Ban from employment in the financial services industry
- D. Add to the Office of Foreign Assets Control Specially Designated Nationals and Blocked Persons List
- E. Loss of professional accounting and legal designations
- F. Recommend termination of employment from the FI
Answer: B,C,F
Explanation:
Civil and Criminal Prosecution, Fines, and Imprisonment: The Chief AML Officer may face legal action, including both civil and criminal proceedings. This could result in fines and even imprisonment if found guilty of negligence or misconduct related to anti-money laundering compliance.
Ban from Employment: Regulators have the authority to ban individuals from working in the financial services industry if they are deemed unfit due to AML-related failures. Such a ban can significantly impact the individual's career prospects.
Recommend Termination of Employment: While the regulator cannot directly terminate employment, they can recommend that the financial institution (FI) take appropriate action, including termination, based on the Chief AML Officer's performance.
References:
Anti-Money Laundering Specialist (the 6th edition) resources.
ACAMS AML Glossary (definitions of terms related to AML).1
ACAMS AML Foundations Certificate (overview of AML concepts and responsibilities).2 ComplyAdvantage: 6th Money Laundering Directive (6AMLD) (details on AML regulations and penalties).3
NEW QUESTION # 69
Which suspicious activity may be the strongest indicator of money laundering through a casino?
- A. A patron requests the casino to transfer their winnings to another gambling operator.
- B. A patron routinely places multiple bets on the same sporting events.
- C. A patron purchases a large amount of chips at a blackjack table using cash.
- D. A privately held company originates funds transfers through the casino into the betting accounts of multiple patrons.
Answer: D
Explanation:
Casinos are high-risk for money laundering due to their cash-intensive nature and ease of moving funds anonymously.
Option A (Correct): A private company sending funds into multiple patron accounts is suspicious because it may indicate money laundering structuring or use of mules.
Option B (Incorrect): Betting on multiple events is normal behavior unless there is evidence of match-fixing.
Option C (Incorrect): Large cash buy-ins are common in casinos; however, they become suspicious when coupled with other red flags (e.g., no actual gambling).
Option D (Incorrect): Transferring winnings may be a regular transaction unless linked to structured transactions.
NEW QUESTION # 70
Which step should be taken to understand the types of financial institutions to whom the services are being offered when a correspondent bank permits "nested" relationships according to the Wolfsberg Group?
- A. Evaluate the distribution of downstream correspondents and identify any direct or indirect issues
- B. Obtain independent audits or examination reports for "nested" relationships to determine risk levels
- C. Review peer-group clients by risk category
- D. Understand the type and volume of accounts serviced
Answer: A
Explanation:
According to the Wolfsberg Group, a correspondent bank should evaluate the distribution of downstream correspondents and identify any direct or indirect issues when it permits "nested" relationships, which are arrangements where a respondent bank provides correspondent banking services to other banks that are not customers of the correspondent bank. This step is important to understand the types of financial institutions to whom the services are being offered and the potential risks they pose. The correspondent bank should also obtain information on the nature and extent of the nested activity, the due diligence performed by the respondent bank on the nested banks, and the controls and monitoring in place to prevent financial crime.
References:
Wolfsberg Correspondent Banking Principles 20221, Section 4.5: Nested Relationships Guidance on Correspondent Banking Services2, Section 3.2.2: Nested Correspondent Banking Relationships Reference:
http://www.qfcra.com/en-us/whatwedo/AntiMoneyLaundering/Documents/Guidance%20on%20Correspondent% (7) P/6, Wolfsberg Anti-Money Laundering Principles for Correspondent Banking 2014
https://www.wolfsberg-principles.com/sites/default/files/wb/pdfs/wolfsberg-standards/8.%20Wolfsberg-Corresp
NEW QUESTION # 71
Which of the following are key financial crime risks associated with real estate companies? (Choose four.)
- A. Buying property allows for the movement of large amounts of funds in a single transaction
- B. Real estate transactions often involve financial institutions and other professional gatekeepers
- C. Beneficial ownership information might be opaque, and criminals may abuse arrangements like shell companies and trusts
- D. Criminal networks could purchase real estate for use as supply houses or locations to grow, manufacture, or distribute illicit narcotics
- E. The high value of properties may require multiple types of financing, which can make it more difficult to identify the source of funds
- F. Markets can be volatile, and buyers may not achieve a strong return on their investment
Answer: A,B,C,D
Explanation:
Real estate companies face key financial crime risks due to the ability to move large sums in a single transaction, the use of property by criminal networks for illicit operations, the opacity of beneficial ownership structures, and the involvement of professional gatekeepers - such as lawyers and financial institutions - who may unknowingly facilitate money laundering.
NEW QUESTION # 72
An anti-money laundering specialist has been asked to create internal anti-money laundering policies, procedures and controls for a recently chartered offshore financial institution. Which of the following should be included?
1. A training program for senior management and staff.
2. An anti-money laundering compliance program, internal audit program, and procedure manual.
3. Basel Committee on Banking Supervision's capital adequacy requirements for the host country.
4. Compliance requirements of host and chartering countries.
- A. 1, 2, and 3 only
- B. 2, 3, and 4 only
- C. 1, 3, and 4 only
- D. 1, 2, and 4 only
Answer: D
NEW QUESTION # 73
An anti-money laundering audit identifies a significant weakness in how transaction monitoring alerts are cleared. Audit sampling identified potentially suspicious activity that was cleared as not suspicious.
Management accepts the audit finding and develops a remediation plan.
What is the role of the auditor during the correction phase?
- A. Validating the successful remediation of the issue once management indicates the issue is resolved
- B. Developing procedures to provide sufficient risk-based documentation for clearing alerts
- C. Directing the remediation of the deficiency in a timely manner
- D. Providing training to the alert clearing department on the importance of effective alert clearing
Answer: B
NEW QUESTION # 74
Having a risk-based approach is central to a financial institution understanding the money laundering and terrorist financing risk to which they are exposed. The development of a money laundering and terrorist financing risk assessment is a key starting point.
Commonly used risk factors include. (Select Three.)
- A. customer risk.
- B. liquidity risk.
- C. credit risk.
- D. product risk.
- E. geographic risk.
Answer: A,D,E
Explanation:
The CAMS 6th Edition clearly identifies a risk-based approach as the cornerstone of effective AML/CFT programs. Risk assessments should consider various risk factors that directly influence exposure to ML/TF.
* Product risk (A): Certain products or services may present higher ML/TF risks, such as private banking, correspondent banking, or cash-intensive products."Products and services offered, and their inherent risk levels, must be assessed as part of the risk-based approach."(CAMS 6th Edition, AML Compliance Program, Risk Assessment)
* Geographic risk (C): Jurisdictions where the customer operates or where transactions are conducted may present higher or lower risks due to factors such as weak AML regulations or high corruption.
"Geographic risk considers where a customer is located and/or where transactions occur, referencing countries with increased risk, such as those identified by the FATF."(CAMS 6th Edition, Risk Assessment Factors)
* Customer risk (D): The type of customer, such as PEPs, non-residents, or companies with complex structures, may present higher ML/TF risks."Customer risk assessment is based on the customer's profile, activity, and ownership structure, and is a critical component in risk-based monitoring."( CAMS 6th Edition, CDD/EDD) Incorrect Options:
* B (Credit risk): Related to creditworthiness, not ML/TF.
* E (Liquidity risk): Refers to a firm's ability to meet financial obligations; not an AML risk factor.
References:
CAMS Study Guide 6th Edition, AML Compliance Program, "Risk-Based Approach" FATF Guidance: National Money Laundering and Terrorist Financing Risk Assessment (2013)
NEW QUESTION # 75
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