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 #1

Which of the following measures can help maintain the independence of BSA/AML compliance staff to ensure effective compliance controls?

A. Providing BSA/AML compliance staff a reporting line to compliance or other second line of defense internal control function

B. Providing BSA/AML compliance staff with a reporting line to the chief financial officer

C. Establishing BSA/AML compliance staff reporting to the management of the business line in the first line of defense

D. Ensuring BSA/AML compliance staff is primarily outsourced

Discussion 0

Correct Answer: A Vote an answer

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Question #2

One key aspect of promoting an enterprise-wide compliance culture within a financial institution is that the:

A. Cost of compliance should increase proportionately to revenues.

B. First line of defense should establish its own policies independently.

C. Revenue-generating business sectors should have precedence over compliance.

D. Relevant information should be shared throughout the organization.

Discussion 0

Correct Answer: D Vote an answer

Question #3

The chief compliance officer (CCO) at a bank approved offering trade finance services to a company which is established within a country with a weak democratic system routinely reviews news on upcoming targeted economic sanction regulations in the EU, a major import partner for the country's production of crude oil. Which of the following pieces of news would be of greatest concern?

A. The Council of the European Union adopts a new import restriction regime for goods coming from countries that do not respect human rights

B. The European Commission and the High Representative issue a joint proposal for an import ban on refined oil products.

C. The Council of the European Union adopts a new export control regime for electronic equipment

D. The European Commission and the High Representative issue a joint proposal for an import ban on oil extraction equipment

Discussion 0

Correct Answer: B Vote an answer

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Question #4

Which operational situation might indicate that money laundering is occurring at or through a deposit-taking financial institution?

A. The institution has observed a reduced settlement time in the transaction services that support the rapid movement or remittance of funds.

B. The institution has observed an increase in the adoption of its digital products and services.

C. The institution has observed an increase in customer demand for large-denomination banknotes.

D. The institution maintains a sequentially numbered log of the monetary instruments it sells.

Discussion 0

Correct Answer: C Vote an answer

Question #5

Artificial intelligence (AI) and machine learning (ML) procedures help in applying a risk-based approach in AML compliance through: (Select Three.)

A. Automatically generating Suspicious Activity Reports (SARs) without the need for human review

B. Identification of links among apparently unrelated clients who have established complex networks for money laundering

C. Detection of complex money laundering patterns in transactions

D. Automatically adapting risk thresholds for customers without any human intervention

E. Advanced customer risk assessments that synthesize client background information with additional data

Discussion 0

Correct Answer: B,C,E Vote an answer

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Question #6

Which action should a financial institution take when it receives a grand-jury subpoena regarding a customer?

A. Keep the customer's accounts open at the enforcement agency's verbal request

B. Have the institution's assigned legal counsel review the subpoena

C. Make copies of the customer's documents and submit the originals to the enforcement agency

D. Notify the customer being investigated before submitting documents

Discussion 0

Correct Answer: B Vote an answer

Question #7

Which risks inherent to real estate sector carry the highest AML/CFT risk? (Select Two.)

A. Use of a registered trust for the purchase of property

B. Use of a company for the purchase of property

C. Manipulation of the value of a property

D. Use of cash to purchase property

E. Unlicensed real estate agents acting as front companies

Discussion 0

Correct Answer: B,D Vote an answer

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Question #8

Which of the following best describes AML/CFT risk identification and assessment for accountants? (Select Two.)

A. Drafting a customer acceptance policy can help accountants define customers outside their risk appetite

B. Due to the nature of services accountants provide, automated transaction monitoring systems used by financial institutions may not be appropriate

C. When determining transaction and service risk, the jurisdiction where the accountant provides the service is not important

D. Due to their small size and limited resources, accountants are allowed to organize AML/CFT risk only as customer risk or transaction/service risk

E. Accountants are not required to keep records of business relationships for more than two years

Discussion 0

Correct Answer: A,B Vote an answer

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Question #9

One of the basic elements of an effective AML/CFT compliance program is:

A. An independent and skilled audit function

B. An artificial intelligence-based transaction monitoring system

C. A system of enterprise risk management

D. An artificial intelligence-based enhanced due diligence system

Discussion 0

Correct Answer: A Vote an answer

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Question #10

Having a risk-based approach is central to a financial institution understanding the money laundering and terrorist financing risk to which they are exposed. The development of a money laundering and terrorist financing risk assessment is a key starting point. Commonly used risk factors include. (Select Three.)

A. product risk.

B. liquidity risk.

C. customer risk.

D. geographic risk.

E. credit risk.

Discussion 0

Correct Answer: A,C,D Vote an answer

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