CAMS Exam Questions

A financial institution (FI) is fined for failure to implement an effective AML program. Which consequences could the regulator impose on the bank's Chief AML Officer? (Select Thre...

A customer's registered business activity is a domestic carpet cleaning company. Besides domestic receipts, there are incoming weekly transactions from an international reputable a...

Which economic and social factors could create a dependency on illicit activities and money laundering? (Select Two.)

A high-profile, successful entrepreneur has been a client of a Swiss private bank for more than a decade. Recently, the entrepreneur launched a political career, with rather extrem...

Which is a purpose of imposing sanctions?

Which scenario best justifies why a customer's account might be closed by a financial institution?

At a minimum, who should receive role-specific AML training? (Select Three.)

To ensure the independence of an audit for an AML program those involved in the audit would best be described as being:

According to the Financial Action Task Force (FATF) report on terrorism financing, charities and nonprofit organizations are often vulnerable to terrorist financing because they: (...

Which piece of information identified by customer screening would be the most likely reason to trigger consideration of exiting a business relationship with a customer because of f...

Money laundering has social and economic impacts, especially within developing countries. A high volume of money laundering in a country may: (Select Two.)

What is the first step that an investigator should take when beginning a financial investigation into a potential suspicious activity?

According to the Basel Committee principles, which actions would make a customer identification program at a bank more robust? (Select Two.)

An international bank is headquartered in Madrid, Spain, with an office in New York City (NYC), US. The Madrid office is investigating a transaction originating from a customer of...

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 Rec...

A credit institution has been served with a preliminary findings report highlighting major deviations from AML obligations in its country and stating that it faces the possibility...

The EU's 6th Anti-Money Laundering Directive (6AMLD):

The product department of an insurance company proposes launching a special life insurance product with investment elements that allow clients to instruct payments to unknown third...

A financial institution is designing an Enterprise-Wide Risk Assessment (EWRA). According to the Wolfsberg Group's risk-based approach to AML, an effective EWRA should:

An agent of a wealthy individual from a high-risk country (as per the EU's high-risk jurisdictions list) approaches a notary in an EU country to dispose of assets recently acquired...

An international bank is investigating a payment requested by a correspondent banking partner. The payment originated from a corporation located in Hong Kong, and the final benefic...

A bank is completing a periodic KYC profile review for a small digital marketing company based in New York City. Which of the following would be a red flag?

Which section of the USA PATRIOT Act relates to forfeiture of funds and allows for extraterritorial reach?

When the Financial Action Task Force (FATF) places a jurisdiction on the list of "jurisdictions under increased monitoring", also known as the "grey list", the jurisdiction:

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

Which suspicious activity may be the strongest indicator of money laundering through a casino?

Which changes at a financial institution (FI) should trigger an enterprise-wide reassessment of its inherent AML risk exposure? (Select Three.)

Which persons must always comply with all Office of Foreign Assets Control (OFAC) regulations? (Select Three.)

The Wolfsberg Group's AML Principles on Private Banking:

The Financial Action Task Force (FATF) routinely publishes a catalog of jurisdictions requiring enhanced monitoring, which is commonly called the:

Which online gambling scheme involves placing bets with deposited funds and colluding with other players to obscure the money's origin?

A U.S. bank recently received a regulatory order to remediate its AML programs, which included several violations of law. What degree of accountability is it possible for the bank'...

Which statement regarding data privacy is the most accurate in the context of AML investigations?

A legal instrument that is executed between two nations and governs cross-border information sharing is known as a:

A Financial Intelligence Unit (FIU) in a country has received a Suspicious Activity Report (SAR) involving significant suspicious fund transfers, both domestically and internationa...

A legal instrument executed between two nations governing cross-border information sharing is called a:

Which of the following is a red flag indicating potential money laundering or terrorism financing through dealers of precious metals or high-value items?

A Financial Intelligence Unit (FIU) in a country receives a SAR involving potential money laundering. The FIU wants to share this information with a foreign FIU. Which mechanism al...

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

Which practices should financial institutions (FIs) adopt for the process of terminating customer relationships? (Select Three.)

Which of the following scenarios best justifies why a customer's account might be closed by a financial institution?

What should a financial institution (FI) do in response to a formal law enforcement request to produce documents?

Which of the following are key metrics that provide valuable data to senior management about the effectiveness of an FI's AML controls?

A bank in the Netherlands has been requested to share information about a series of transactions and related customers with a bank in Italy. Both banks are subject to European Unio...

Which of the following are money laundering red flags when reviewing business operations of a money services business (MSB)? (Select Two.)

When a government imposes economic sanctions on a target, the purpose is to:

From an international standards perspective, both the EU and FATF consider data sharing a crucial component of effective anti-money laundering measures because data sharing:

When under a regulator's consent order or similar action, who at an organization is ultimately accountable for the remediation of any violations of AML/CFT laws and regulations?

What is the relationship between the EU Anti-Money Laundering Directives (AMLDs) and local AML regulations in European Union (EU) member states? (Select Two.)

Which actions should be taken by a financial institution (FI) when it receives a grand jury subpoena regarding a customer?