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ACAMS CAMS7 Exam Overview:
| Certification Vendor: | ACAMS |
| Exam Name: | Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) |
| Exam Number: | CAMS7 |
| Exam Price: | USD 595 (members), USD 795 (non-members); Bundle: USD 1,795 (members) |
| Passing Score: | 75 (scaled score) |
| Available Languages: | English, Spanish, Simplified Chinese, Traditional Chinese, Arabic, French, German, Japanese, Korean, Portuguese, Russian |
| Certificate Validity Period: | 3 years |
| Exam Duration: | 210 minutes |
| Exam Format: | Multiple-choice, Multiple-selection, Scenario-based questions |
| Real Exam Qty: | 120 |
| Related Certifications: | Certified Cryptoasset Anti-Financial Crime Specialist (CCAS) Certified Global Sanctions Specialist (CGSS) |
| Recommended Training: | CAMS 7th Edition Official Study Guide ACAMS Virtual Classroom |
| Exam Registration: | ACAMS Official Registration Pearson VUE Scheduling |
| Sample Questions: | ACAMS CAMS7 Sample Questions |
| Exam Way: | Online proctored (OnVUE) or onsite at Pearson VUE test centers |
| Pre Condition: | Active ACAMS membership; minimum 40 eligibility credits from education, professional experience or training; 3 professional references |
| Official Syllabus URL: | https://www.acams.org/en/certifications/cams-certification |
ACAMS CAMS7 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Building and Managing Anti-Financial Crime Compliance Programs | 28% | - Program framework and policies
- Customer due diligence and know-your-customer
|
| Understanding Risks and Methods of Financial Crime | 26% | - Financial crime risks and consequences
|
| Global Anti-Financial Crime Frameworks, Governance and Regulations | 24% | - Governance, accountability and ethics
|
| Tools, Technologies and Investigations | 22% | - Technology and systems
|
ACAMS Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) Sample Questions:
1. Common risks associated with cryptocurrency and convertible virtual currencies include: (Select Three.)
A) Obscuring the source of illicit funds
B) Facilitating payment for other illicit activities and goods
C) Layering transactions to hide the origin of funds derived from illicit activity
D) Funds being stolen from other users
E) Difficulty converting into physical currency
2. Which of the following ate efficient approaches lo performing horizon scanning? (Select Two.)
A) Subscribing lo a regulators' newsletter
B) Using a specific provider for regulatory horizon scanning
C) Relying on information and insights from peers and working groups
D) Regularly contacting the regulator to inquire about updates and future developments
3. The role of FATF-style regional bodies (FSRBs) is to: (Select Three.)
A) provide AM L/C FT technical assistance needed by members in their FSRB junsdiction.
B) coordinate technical assistance for members in their FSRB jurisdiction
C) set and amend the FATF 40 Recommendations for members in their FSRB jurisdiction.
D) identify and address the current financial crime trends through the issuance of typologies originating in members outside of their FSRB's Jurisdiction.
E) identify and address any gaps in the AML/CFT policies for members outside of their FSRB jurisdiction.
F) offer mutual evaluation and follow-up processes for members in their FSRB Jurisdiction.
4. Which non-governmental bodies typically issue information and guidance related to AML/CFT issues? (Choose two.)
A) Transparency International
B) Financial Action Task Force (FATF)
C) Tax Justice Network
D) Wolfsberg Group
5. Which AML control is MOST effective in identifying unusual transaction patterns automatically?
A) Transaction monitoring systems
B) Employee vacation schedules
C) Customer marketing surveys
D) Manual signature verification only
Solutions:
| Question # 1 Answer: A,B,C | Question # 2 Answer: A,B | Question # 3 Answer: A,B,F | Question # 4 Answer: A,D | Question # 5 Answer: A |
By Julian
