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Free CAMS Exam Questions - Acams CAMS Exam

Acams CAMS Exam

Certified Anti-Money Laundering Specialist v6

Total Questions: 766

Last Updated : 19-04-2025

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Acams CAMS Exam Sample Questions:

Q1.

A SAR/STR should be filed when the accountable institution identifies that:

Aa customer makes a cash deposit in round dollars.

Bcash transactions have values which avoid reporting thresholds.

Can alert is generated by a transaction monitoring system.

Dan employee is not clearing alerts in a timely manner.

Q2.

An analyst reviewing trade finance transactions notices an increase in price of 25% over 12 months for commodities with the same specification and quantity. Which action should the analyst take?

AProduce an investigation report that finds evidence to substantiate the analyst's suspicion and submit a SAR/STR.

BProduce an investigation report that considers client activity and factors that may have legitimately affected transaction cost.

CProduce an updated due diligence record for the client so that monitoring can be enhanced.

DProduce a SAR/STR that describes apparent trade-based money laundering and submit to the Financial Investigation Unit (FIU).

Q3.

Which key factor would result in the decision for a financial institution (FI) to exit a client relationship?

AAfter assessing all risk factors the level of residual client risk exceeds the FI's risk appetite.

BThe client is a registered charity known to remit funds to high risk geographies where there is limited due diligence information available.

CClosing the client accounts will help reduce the number of transaction monitoring alerts.

DClient transactions generate ongoing transaction monitoring alerts that did not result in any SAR/STR filings.

Q4.

Financial institutions (FIs) perform AML risk assessments to ensure:

Aa record for regulators indicating an AML risk assessment was completed at least once.

Binternal audit assurance that all AML-related policy and procedures are board approved.

Csatisfaction of the board of directors' approved risk appetite.

Dproper controls surrounding higher-risk products, services, customers, and geographic locations.

Q5.

What national agency is responsible for analyzing and assessing the information it receives to substantiate possible existence of money laundering or terrorist financing activities?

AThe Financial Intelligence Unit (FIU)

BFATF

CThe Basel Committee

DThe Wolfsberg Group

Solutions:

Question: 1 Answer: C

Question: 2 Answer: B

Question: 3 Answer: A

Question: 4 Answer: D

Question: 5 Answer: B