BEST Verified ACAMS CAMS Exam Questions (2026) [Q67-Q84]

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BEST Verified ACAMS CAMS Exam Questions (2026)

The Best Practice Test Preparation for the CAMS Certification Exam

QUESTION 67
Which of the following is the most common risk with a Personal or Private Investment Company (PIC)?

They are almost always owned by politically exposed persons

They are usually established in financial secrecy havens

They often lacktransparentownership

They are notpubliclytraded

QUESTION 68
What is a tool governments and multi-national bodies can use to prevent the proliferation of weapons of mass destruction?

Economic Sanctions

Commission Rogatoire

Account Monitoring Order

Mutual Legal Assistance Treaties

QUESTION 69
What poses the greatest money laundering risk for a financial institution offering on-line services to customers?

There is a greater difficulty in matching the customer with the provided identification documentation

There is a lack of human review of the customer’s transactions

Institutions offering on-line services have no possibility to properly verify the identity of their customers

Customers have direct access to their accounts without being detected

One of the key components of an effective anti-money laundering (AML) program is customer due diligence (CDD), which involves verifying the identity of the customer, understanding the nature and purpose of the customer’s relationship with the financial institution (FI), and assessing the risk of money laundering or terrorist financing that the customer poses. CDD is essential for preventing and detecting the misuse of the FI’s services by criminals, and for complying with the relevant laws and regulations.
However, CDD can be challenging for FIs that offer online services to customers, as there is a greater difficulty in matching the customer with the provided identification documentation. Unlike face-to-face interactions, online services rely on electronic or remote methods of identification and verification, such as scanned copies of documents, biometric data, digital signatures, or third-party verification services. These methods may not be as reliable or secure as physical verification, and may expose the FI to the risk of identity fraud, document forgery, or impersonation. Moreover, online services may attract customers from different jurisdictions, which may have different standards and requirements for identification and verification, and may pose different levels of risk.
Therefore, FIs that offer online services to customers should implement enhanced due diligence (EDD) measures to mitigate the risk of money laundering, such as obtaining additional information or documentation from the customer, applying more stringent verification procedures, conducting more frequent and intensive monitoring of the customer’s transactions and behavior, and restricting or limiting the types or amounts of transactions that the customer can perform online.
References:
CAMS Study Guide – 6th Edition, Chapter 3, Section 3.4, page 82
Anti-Money Laundering in a Nutshell, Chapter 4, Section 4.2, page 63
Guidance on Digital Identity, Section 2, page 8
Anti-Money Laundering, The Basics: Installment 1, Section 3.2, page 5

QUESTION 70
The branch manager calls the compliance officer and informs her that a law enforcement officer has just left the branch and was asking a lot of question and left a business card.
What should the compliance officer do?

File a suspicious transaction report

Follow up to verify that the officer received all necessary information

Verify that the reported officer was an actual authorized representative

Require the branch manager to write a detailed memo about the request

QUESTION 71
Which step should be taken to understand the types of financial institutions to whom the services are being offered when a correspondent bank permits “nested” relationships according to the Wolfsberg Group?

Review peer-group clients by risk category

Understand the type and volume of accounts serviced

Evaluate the distribution of downstream correspondents and identify any direct or indirect issues

Obtain independent audits or examination reports for “nested” relationships to determine risk levels

QUESTION 72
The marketing department presents a business plan targeting individuals holding important public positions.
What are some steps the financial institution should implement as part of the plan to target such individuals?

Investigate the source of funds

Determine the purpose of the account

Determine if the client appears on the Basel Committee on Banking Supervision’s list of public officials

Take all reasonable steps to check the background of the individual based on public information

QUESTION 73
An internal review of anti-money laundering training documentation revealed only new agents employed by a financial institution that sells life insurance products were trained. Additionally, it typically took the institution 8 months to begin training for new actuaries. The compliance officer explained training was limited to actuaries because they perform the only high-risk function. The institution relied on e-learning techniques without follow-up assessment.
Which of the following issues would the internal review most likely recommend?

All staff, apart from the Board of Directors, must be trained.

Pro duct-specific anti-money laundering training should be provided company-wide.

The institution must provide anti-money laundering training to actuaries within 6 months.

Continue using e-learning to emphasize anti-money laundering content during training.

QUESTION 74
Which three statements are true about on-line banking offering a significant money laundering risk to a financial institution?

The nature of on-line banking can make it difficult to establish who is controlling the account

The ease of access through the internet enables cross border movement of funds

Due to client confidentiality, information collected on-line cannot be shared with law enforcement agencies on mere suspicion

The speed of electronic transaction enables execution of multiple complex transactions within short time frame

On-line banking offers a significant money laundering risk to a financial institution because:
* The nature of on-line banking can make it difficult to establish who is controlling the account. On-line banking allows customers to access their accounts remotely, without face-to-face contact with the financial institution. This can pose challenges for verifying the identity and legitimacy of the account holder, especially if the account is opened on-line or through a third-party intermediary. On-line banking can also facilitate the use of anonymous or fictitious identities, or the use of proxies or nominees to hide the true beneficial owner of the account.
* The ease of access through the internet enables cross border movement of funds. On-line banking allows customers to transfer funds quickly and easily across different jurisdictions, without physical movement of cash or other instruments. This can increase the risk of money laundering, as funds can be moved to or from high-risk countries or regions, or through multiple accounts or financial institutions, to obscure the origin, destination, or purpose of the funds. On-line banking can also enable customers to access or use alternative payment systems or virtual currencies, which may have lower regulatory oversight or transparency standards than traditional banking systems.
* The speed of electronic transaction enables execution of multiple complex transactions within short time frame. On-line banking allows customers to conduct transactions in real time, with minimal or no human intervention or verification. This can increase the risk of money laundering, as customers can execute multiple transactions in a short period of time, or use complex transaction structures or patterns, to avoid detection or reporting thresholds, or to conceal the source, nature, or ownership of the funds.
On-line banking can also enable customers to use automated or algorithmic trading systems, which may generate large volumes of transactions that are difficult to monitor or analyze.
:
CAMS Study Guide – 6th Edition, Chapter 5, pages 139-140
CAMS Certification Exam Outline, Domain 2, Task 2.1, Skill 2.1.1
Online Banking and Money Laundering, ACAMS Today, September 2012

QUESTION 75
What are three elements of a sound Customer Due Diligence Program?

Determination of what type of customer the financial institution will accept

Training as to how and to what extent to identify prospective customers

Obtaining date of birth and address of a prospective customer

Determination of who in the institution should be assigned to the prospective customer as a liaison

A sound Customer Due Diligence Program (CDD) is a key component of an effective anti-money laundering and counter-terrorism financing (AML/CFT) framework. According to the Financial Action Task Force (FATF), the global standard-setter for AML/CFT, CDD involves the following elements1:
Identifying the customer and verifying their identity using reliable, independent sources of information or documents.
Identifying the beneficial owner and taking reasonable measures to verify their identity, so that the financial institution understands who ultimately owns or controls the customer or the funds.
Understanding and obtaining information on the purpose and intended nature of the business relationship.
Conducting ongoing due diligence on the business relationship and scrutinizing transactions to ensure that they are consistent with the financial institution’s knowledge of the customer, their business and risk profile, and the source of funds.
Therefore, the three elements of a sound CDD program that are listed in the question are:
Determination of what type of customer the financial institution will accept: This involves defining the customer acceptance policy and risk appetite of the financial institution, and applying appropriate risk-based measures to accept or reject customers based on their risk profile and the financial institution’s ability to manage and mitigate those risks2.
Training as to how and to what extent to identify prospective customers: This involves providing adequate and regular training to the staff who are responsible for conducting CDD, and ensuring that they are aware of the legal and regulatory requirements, the internal policies and procedures, the risk indicators, the verification methods, and the reporting obligations3.
Obtaining date of birth and address of a prospective customer: This is part of the basic information that is required to identify and verify the customer’s identity, and to establish their risk profile and the source of funds. The date of birth and address can also be used to check against various databases and watchlists to detect any potential matches with sanctioned or high-risk individuals or entities4.
The element that is not part of a sound CDD program is:
Determination of who in the institution should be assigned to the prospective customer as a liaison: This is not a mandatory or essential element of CDD, although it may be a good practice to assign a dedicated relationship manager or contact person to each customer, especially for high-risk or complex customers, to ensure effective communication, monitoring, and service delivery.
References:
FATF Guidance on Customer Due Diligence and Financial Inclusion 1
ACAMS Study Guide for the CAMS Certification Examination (6th Edition), Chapter 2: Compliance Standards for Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) 2 ACAMS Study Guide for the CAMS Certification Examination (6th Edition), Chapter 4: Developing an AML/CFT Program 3 ACAMS Study Guide for the CAMS Certification Examination (6th Edition), Chapter 5: Conducting and Supporting the Investigation Process 4 Wolfsberg Group Guidance on Customer Due Diligence (CDD)

QUESTION 76
What is suspicious activity or red flag with regard to a customer’s activity? Choose 3 answers

Paying the tellers he deals with a regular gratuity

Exchanging small denomination bills for large ones

Engaging in wiretransactionswith an offshore account

Asking about the bank’s fee schedule for a series of transactions

QUESTION 77
According to the Financial Action Task Force, financial institutions should exit the relationship with a client in which case?

The client refuses to update information.

There is a change in ownership structure.

The client is a politically exposed person.

The country of incorporation has been elevated to high-risk.

According to the Financial Action Task Force (FATF), financial institutions should apply a risk-based approach to customer due diligence (CDD), which includes obtaining and updating information on the identity, beneficial ownership, and business activities of their clients. If a client refuses to provide or update such information, or provides false or misleading information, the financial institution should consider this as a red flag for potential money laundering or terrorist financing, and should exit the relationship with the client, unless the circumstances warrant otherwise. Exiting the relationship with a client who refuses to update information is also consistent with the FATF’s Recommendation 10, which requires financial institutions to terminate the business relationship if they are unable to perform CDD measures.
Reference:
1: This document contains the FATF’s 40 Recommendations, which are the international standards for combating money laundering and terrorist financing. Recommendation 10 covers the CDD requirements for financial institutions, and paragraph 22 states that “If the financial institution is unable to comply with paragraphs 10 to 12, 15 and 17, it should not open the account, commence business relations or perform the transaction; or should terminate the business relationship; and should consider making a suspicious transactions report in relation to the customer.”
2: This document provides guidance on the implementation of the FATF’s Recommendations on transparency and beneficial ownership, which are relevant for CDD purposes. It explains the definition of beneficial owner, the risks associated with legal persons and arrangements, and the effective mechanisms to combat the misuse of such entities. It also provides examples of situations where financial institutions should exit the relationship with a client, such as when the client refuses to provide or update information on beneficial ownership or control, or when the client is a shell company or a trust with no legitimate economic purpose.

QUESTION 78
The bank’s Compliance Officer is tasked with designing standards based on Basel’s KYC principles. Which essential elements should be included in the program? (Choose two.)

Appointing an independent audit function

Conducting a money laundering risk assessment

Documenting a customer acceptance policy

Establishing on-going monitoring of high-risk accounts

Reporting suspicious activity

QUESTION 79
Financial Action Task Force (FATF)-style regional bodies are created and obliged to understand the inherent money laundering and terrorist financing risks in the region of the world they serve.
What is one of the methods they use to understand these risks?

They require member countries to develop statistical metrics over money laundering and terrorist financing crimes

They require participating financial institutions of their members to file suspicious transaction reports to the regional body

They conduct global research on money laundering and terrorist financing trends and report their findings in their own typologies report

They conduct regional-level research and analysis of the money laundering and terrorist financing methods and trends using standards and templates used for FATF typologies reports

QUESTION 80
Which location provides a law enforcement investigator the best opportunity for a productive investigative interview of a suspect?

The residence of the suspect

The office or work location of the suspect

A neutral location such as a coffee shop or restaurant

An interview room in the offices of a law enforcement agency

QUESTION 81
What is a criterion for FATF membership?

The country should be democracy

The country should be a member of a FATF-style regional body

The country should have already implemented all of the FATF Recommendations

The country should have already implemented the standards of the European Union Directives

QUESTION 82
Under the Wolfsberg Correspondent Banking Principles, which action is considered an enhanced due diligence obligation to correspondent banking clients that present greater risks?

Conducting reviews on all high-risk relationships

An evaluation done by the compliance officer in charge of the account

Approval of a high-risk relationship by a senior management committee

Ongoing monitoring of clients located in tax haven countries

QUESTION 83
The compliance officer at a crowd funding website is in charge of monitoring new crowd funding projects.
Recently, the number of crowd funding projects has significantly increased.
Which red flag indicates the highest anti-money laundering risk?

Those with the largest number of donors

Projects that get funding within days of their start

Projects with the highest monetary success threshold

Projects that start and close and are fully funded within a very short period

QUESTION 84
Which of the following customer activities poses the highest risk of money laundering?

Transferring funds to pay for flight training lessons.

Paying a supplier of precious metals at regular quarterly intervals.

Making multiple cash deposits slightly below a required reporting limit.

Conducting business in a country that represents a high risk of money laundering.

The customer activity that poses the highest risk of money laundering is making multiple cash deposits slightly below a required reporting limit. This could indicate a practice known as structuring or smurfing, which is a method of breaking down large amounts of cash into smaller transactions to avoid detection or reporting by financial institutions12. Structuring is a common technique used by money launderers to conceal the source, ownership, or destination of illicit funds3.
The other options are not necessarily indicative of money laundering, although they may require further due diligence or monitoring depending on the customer profile and the nature of the transaction. For example:
Transferring funds to pay for flight training lessons could be a legitimate educational expense, or it could be related to terrorist financing or other criminal activities. The financial institution should verify the identity and background of the customer and the recipient, and check for any red flags or suspicious indicators4.
Paying a supplier of precious metals at regular quarterly intervals could be a normal business practice, or it could be a way of moving or storing value in an alternative asset class. The financial institution should assess the customer’s source of funds, business rationale, and market conditions, and monitor for any changes or inconsistencies.
Conducting business in a country that represents a high risk of money laundering could be a legitimate commercial opportunity, or it could be a sign of involvement in illicit activities or tax evasion. The financial institution should apply enhanced due diligence measures, such as verifying the identity and reputation of the customer and the counterparties, obtaining information on the purpose and nature of the business relationship, and screening for any sanctions or adverse media.
Reference:
ACAMS CAMS Certification Video Training Course – Exam-Labs3
Exam CAMS: Certified Anti-Money Laundering Specialist (the 6th edition)4 ACAMS Study Guide for the Certification Examination, 6th Edition, Chapter 2, page 29: https://www.acams.org/wp-content/uploads/2019/08/ACAMS-Study-Guide-6th-Edition-Chapter-2.pdf ACAMS Study Guide for the Certification Examination, 6th Edition, Chapter 6, page 121: https://www.acams.org/wp-content/uploads/2019/08/ACAMS-Study-Guide-6th-Edition-Chapter-6.pdf ACAMS Study Guide for the Certification Examination, 6th Edition, Chapter 7, page 139: https://www.acams.org/wp-content/uploads/2019/08/ACAMS-Study-Guide-6th-Edition-Chapter-7.pdf ACAMS Study Guide for the Certification Examination, 6th Edition, Chapter 4, page 77: https://www.acams.org/wp-content/uploads/2019/08/ACAMS-Study-Guide-6th-Edition-Chapter-4.pdf

ACAMS CAMS (Certified Anti-Money Laundering Specialists) certification exam is a globally recognized qualification that demonstrates a deep understanding of anti-money laundering (AML) and counter-terrorist financing (CTF) regulations and procedures. Certified Anti-Money Laundering Specialists (the 6th edition) certification is essential for professionals working in the AML and financial crime prevention field to enhance their credibility and career prospects.

How to Get Certified

To obtain the ACAMS CAMS certificate individuals must take and successfully pass the affiliated namesake CAMS exam, which requires individuals to go through a three-step process. This has been outlined below:

Submit an application
After gaining membership at ACAMS, individuals are required to submit an application form along with payment. To be eligible to send an application, individuals must meet the following requirements: hold an active ACAMS membership, have 40 ACAMS credits, possess an education (10 credits for associates, 20 credits for bachelors, 30 credits for masters, and 40 credits for JD, or PhD), possess work experience (10 credits for each year of work experience), and have training (1 credit for an hour of training in the field of financial crime).
Take the actual CAMS exam
After an individual is found to be eligible and their application has been approved, they may go on to schedule their CAMS evaluation.
Be a member of ACAMS
Individuals may gain membership of ACAMS as individuals, as part of an enterprise, as public sector workers, or as part of a chapter. Members are required to make a standard membership payment.

CAMS Exam Dumps, Practice Test Questions BUNDLE PACK: https://www.actualtorrent.com/CAMS-questions-answers.html

BEST Verified ACAMS CAMS Exam Questions (2026) [Q67-Q84]

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