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 #41

A risk-based approach (RBA) means that countries, competent authorities, and financial institutions:

A. Will allocate compliance resources to non-compliance-related tasks

B. Are exempt from mitigating AML/CFT risks assessed as low

C. Are expected to identify, assess, and understand the AML/CFT risks to which they are exposed

D. Are expected to reduce all residual risks to low

Discussion 0

Correct Answer: C Vote an answer

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Question #42

Which of the following scenarios warrants enhanced due diligence (EDD)? (Select Three.)

A. An individual with a current bank account who resides in one country becoming the ambassador of another country

B. An existing local league footballer trying to open a bank account with a bank in their local jurisdiction

C. The current prime minister of a country trying to open a bank account in another country

D. A bank located in a higher risk country trying to establish a correspondent-respondent banking relationship with a bank in a lower-risk country

E. The former personal secretary to the minister of transport in a low-risk country 25 years ago opening a bank account at a bank in a neighboring low-risk country

Discussion 0

Correct Answer: A,C,D Vote an answer

Question #43

An AML compliance officer for a large bank has recently received an internal audit report on the private banking unit. The report revealed that the unit staff were not following risk-based due diligence procedures, so that the unit was not operating effectively. Which immediate actions should the AML compliance officer consider to address these findings? (Select Two.)

A. The legal department should conduct a review to assess potential legal consequences.

B. Private bankers should receive training on AML procedures.

C. The board should review and approve a revised AML policy to change customer due diligence requirements in private banking.

D. Management Should implement a quality assurance program in the private banking unit

E. All employees should receive refresher AML training.

Discussion 0

Correct Answer: B,D Vote an answer

Question #44

A compliance analyst has recently investigated an account where money was deposited in amounts below the reporting limit and almost entirely withdrawn in a foreign country. Which type of money laundering is the compliance analyst potentially identifying?

A. Structuring

B. Check Kiting

C. Microstructuring

D. Trade-based

Discussion 0

Correct Answer: A Vote an answer

Question #45

Which of the following are considered best practices for effective AML/CFT training programs?
(Select Three.)

A. Training should cover the consequences of not complying with policies and procedures.

B. Training should cover practical examples, use case studies, and provide information on how to comply with policies.

C. Up-to-date records including logs of training and completion dates should be maintained.

D. Training should always be provided by an independent third party.

E. Training should be broad, high level, and not role-specific in order to reach the largest audience.

Discussion 0

Correct Answer: A,B,C Vote an answer

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Question #46

Which of the following can be considered a reliable, independent source document, data, or information?

A. Photocopy of a copy of a government-issued identity document

B. Information obtained from an open-source database

C. Information obtained directly from a government-managed registry

D. Information provided by a prospective customer

Discussion 0

Correct Answer: C Vote an answer

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Question #47

Risks associated with real estate transactions include: (Choose two.)

A. paying true market price for a property

B. non-financed purchases

C. purchases in the name of a natural person

D. cross-border purchases

Discussion 0

Correct Answer: B,D Vote an answer

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Question #48

Which control helps reduce the risk of employee involvement in money laundering?

A. Reducing compliance training frequency

B. Allowing unrestricted override authority

C. Eliminating internal audits

D. Segregation of duties and employee screening

Discussion 0

Correct Answer: D Vote an answer

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Question #49

Which of the following are included in the 11 Immediate Outcomes outlined in the Financial Action Task Force (FATF) methodology for assessing technical compliance with the FATF Recommendations and the effectiveness of AML/CFT/CPF systems during mutual evaluations?
(Select Three.)

A. Money laundering offenses are investigated and criminally prosecuted

B. Those convicted of money laundering offenses are denied access to basic banking services

C. Supervisors regulate financial institutions and non-bank financial institutions and their risk-based AML/CFT programs

D. International cooperation provides actionable information to use against criminals

E. Financial intelligence information is collected by authorities and shared with the FATF for further investigation

Discussion 0

Correct Answer: A,C,D Vote an answer

Question #50

A customer deposits cash amounts just below reporting thresholds at multiple branches over several weeks. The customer claims the funds come from restaurant sales but refuses to provide business records. Which money laundering stage is MOST likely represented?

A. Integration

B. Concealment

C. Layering

D. Placement

Discussion 0

Correct Answer: D Vote an answer

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