Free ACAMS CAMS7 Practice Test & Real Exam Questions

Exam Code/Number: CAMS7
Exam Name/Title: Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition)
Certification Provider: ACAMS
Corresponding Certification: CAMS Certification

Exam Questions: 447
Updated On: Jun 10, 2026

Question #11

A robust transaction monitoring system includes the capability to:

A. Monitor transactions and identify anomalies that might indicate suspicious activity

B. Automatically translate documents

C. Integrate social media profiles

D. File Suspicious Activity Reports (SARs), Currency Transaction Reports (CTRs), and other regulatory reports

Discussion 0

Correct Answer: A Vote an answer

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Question #12

As emphasized in the Basel Committee guidance for "Sound management of risks related to money laundering and financing of terrorism", the third line of defense, or audit function, should:

A. Remain independent from expressing opinions on the sufficiency of remediation or action plans to address findings and recommendations.

B. Conduct AML audits no less often than every 12 months for consistency in annual reporting.

C. Be involved in the day-to-day operations of the AML program to immediately prevent control failures.

D. Report to the audit committee of the board of directors to maintain independence.

Discussion 0

Correct Answer: A Vote an answer

Question #13

Which criminal activities could possibly serve as a predicate offense to financial crimes or money laundering activity? (Select Three.)

A. Organized crime or racketeering

B. Fraud

C. Assault

D. Bribery or corruption

E. Arson

Discussion 0

Correct Answer: A,B,D Vote an answer

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Question #14

Tax evasion is:

A. The practice of minimizing tax liability by exploiting loopholes or unintended interpretations of tax law

B. The non-payment or under-payment of taxes, usually by deliberately making a false declaration or no declaration to tax authorities

C. A provision that reduces taxable income as an itemized or standard deduction

D. A specialized accounting discipline focused on lawful tax planning

Discussion 0

Correct Answer: B Vote an answer

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Question #15

Which of the following is a benefit of public-private partnerships (PPP)?

A. Sourcing of key resources

B. Rapid exchange of information on risks and high-risk activities or persons

C. Obtaining salaries in the financial industry

D. Ensuring understanding of politically exposed persons (PEPs)

Discussion 0

Correct Answer: B Vote an answer

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Question #16

Which of the following scenarios exhibit classic indicators of suspicious transactions? (Select Two.)

A. A customer regularly invests in equity funds using her spouse's bank account where she is a second account holder

B. A business owner mortgages his home with a financial institution that was recently fined for AML violations

C. An individual wants to execute wire transfers to a person in a FATF grey-listed jurisdiction and asks a close friend to send the money on his behalf, citing financial difficulties

D. An individual regularly imports sophisticated electronic items for civil use and pays all applicable customs duties

E. An individual who is the secretary to a government official frequently accesses the bank's safe deposit vault to withdraw cash

Discussion 0

Correct Answer: C,E Vote an answer

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Question #17

While gaming platforms are typically used for recreational purposes, they can potentially be used for terrorist financing through games in which players can:

A. obtain in-game materials by performing in-game activities.

B. exchange in-game items with other players.

C. trade in-game items with other players that can be exchanged for fiat currency

D. buy in-game items with virtual in-game currencies.

Discussion 0

Correct Answer: C Vote an answer

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Question #18

A key factor in the independence of an AML audit is that the auditor should.

A. be sufficiently trained in AML to be able to provide an independent review.

B. have been screened by the board of directors before the audit starts

C. have no involvement with the organization's AML/CP T compliance staff.

D. have never worked in previous assignments within the AMUCFT departments.

Discussion 0

Correct Answer: A Vote an answer

Question #19

When a financial institution (FI) is considering providing traditional banking services to a virtual asset service provider (VASP), consideration should be given to whether the FI: (Select Two.)

A. implements enhanced KYC measures.

B. owns virtual currencies itself.

C. consistently reviews transactions between fiat and virtual currencies.

D. has a general understanding of virtual assets.

Discussion 0

Correct Answer: A,D Vote an answer

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Question #20

A bank's AML investigator notices that a customer suddenly begins transferring funds to virtual asset service providers in jurisdictions with weak regulation. What should the investigator consider FIRST?

A. Whether the transfers occur during weekends

B. Whether the activity aligns with the customer profile

C. Whether the customer prefers mobile banking

D. Whether the customer requested paper statements

Discussion 0

Correct Answer: B Vote an answer

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