Free ACAMS CAMS Practice Test & Real Exam Questions

Exam Code/Number: CAMS
Exam Name/Title: Certified Anti-Money Laundering Specialists (the 6th edition)
Certification Provider: ACAMS
Corresponding Certification: CAMS Certification

Exam Questions: 865
Updated On: Oct 03, 2026

Question #1

A compliance officer at an insurance company has been reviewing the transaction activity of several clients.
Which transaction is considered a red flag for potential money laundering?

A. A client established a $100,000 charitable annuity with a non-profit organization that provides health andsafety assistance internationally.

B. A corporation owns several affiliates and recently opened separate group life insurance policies for each ofthe affiliates.

C. A client from a high-risk jurisdiction recently purchased property insurance for a real-estate development.

D. A client paid the quarterly life insurance premium using money orders from two different banks.

Discussion 0

Correct Answer: D Vote an answer

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Question #2

A well-developed anti-money laundering compliance program is unlikely to achieve institutional goals without

A. Screening all staff.

B. Endorsement by a competent authority.

C. Verification of account owners.

D. Training appropriate employees.

Discussion 0

Correct Answer: D Vote an answer

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Question #3

An auction house dealing in fine art and antiques sells a well-known painting at a price of $12 million to an agent bidding for a group of local investors. The same painting sold ten years prior at auction for $5 million.
The auction house receives payment for the painting via wire transfer from an account maintained in an offshore jurisdiction by the investor group. No beneficial ownership information is available for the account.
What are the two money laundering red flags? (Choose two.)

A. Lack of beneficial ownership details for the originating account.

B. The painting has more than doubled its value in ten years.

C. An agent bids on the painting for a group of investors.

D. The payment is received via wire transfer.

E. Payment is received from an account in an offshore jurisdiction.

Discussion 0

Correct Answer: A,E Vote an answer

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Question #4

What is a major economic consequence of money laundering through the use of front companies?

A. Creating a more competitive pricing environment

B. Weakening of the legitimate private sector

C. Aligning management principles between criminal enterprises and legitimate businesses

D. Placing more emphasis on manufacturing

Discussion 0

Correct Answer: B Vote an answer

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Question #5

Which of the following statements is true regarding the 2012 Financial Action Task Force (FATF) 40 Recommendations and'or 11 Immediate Outcomes?

A. The 11 Immediate Outcomes are recommendations specific to high-risk jurisdictions requiring enhanced monitoring.

B. Each jurisdiction can reach out to the FATF for private access to the interpretive notes to the 40 Recommendations

C. The 40 Recommendations have not been updated to reflect the impact of new technology

D. The cornerstone of the 40 Recommendations is the adoption of a risk-based approach by each jurisdiction

Discussion 0

Correct Answer: D Vote an answer

Question #6

Whichpractices should financial institutions (FIs) adoptwhen determining thetimeline for completing an internal AML investigationandfiling a Suspicious Activity Report (SAR) to the Financial Intelligence Unit (FIU)?

A. Act on the professional judgmentof a senior manager.

B. Use a matrix based on the complexityof an investigation.

C. Report the SAR within 30 days.

D. Follow local regulatory requirementsfor reporting periods.

Discussion 0

Correct Answer: D Vote an answer

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Question #7

A UK national has accounts with a bank in Belgium, who maintains a branch in New York. The UK national has been recently added and screened against the Office of Foreign Assets Control (OFAC) Specially Designated Nationals and Blocked Persons List. Which action should the Belgian bank take?

A. Allow all transactions up to the limit imposed by OFAC and report the transactions to the local financial intelligence unit.

B. Freeze the assets of the customer and report to OFAC.

C. Close the account and ask the customer to send the funds to a bank account in the US.

D. Continue performing transactions as the bank's headquarters is in Belgium.

Discussion 0

Correct Answer: B Vote an answer

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Question #8

Which safeguard is in place for Financial Intelligence Units (FIUs) to share information securely according to Egmont?

A. Investigators are allowed to request information from a foreign FIU directly.

B. Information sharing is conducted according to processes contained in Memoranda of Understanding.

C. A computer with access to the Egmont Secure Web is accessible to all members of the FIU.

D. Intelligence is shared via messaging applications.

Discussion 0

Correct Answer: C Vote an answer

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Question #9

Which two aspects of precious metals pose the highest risk of money laundering? (Choose two.)

A. Precious metals have high intrinsic value in a relatively compact form and are easy to convert into currency

B. Some precious metals can be formed into other objects, making easier to transport

C. Precious metals can be readily used in many high-tech commercial applications, making them all the morevaluable

D. The value of precious metals can be inflated easily, making it easy to increase the amount of moneylaundered

Discussion 0

Correct Answer: A,B Vote an answer

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Question #10

Which of the following best describes the degree of cooperation between regulatory authorities, law enforcement agencies, and Financial Intelligence Units (FIUs) during money laundering investigations, including cross-border cases?

A. Regulatory authorities primarily work independently but share information when requested by international law enforcement agencies.

B. Law enforcement agencies and FIUs only cooperate during domestic investigations, leaving cross- border investigations to international organizations like INTERPOL.

C. FIUs primarily handle reporting from financial institutions, while regulatory authorities and law enforcement agencies are limited to enforcing domestic AML laws without international cooperation.

D. Regulatory authorities, law enforcement agencies, and FIUs share intelligence and coordinate efforts to streamline cross-border money laundering investigations, often through formal agreements.

Discussion 0

Correct Answer: D Vote an answer

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