CAMS Exam Questions

Country A's anti-corruption authority has been investigating the movement of potential proceeds of bribery and corruption to Country B and is now preparing to take the case to a lo...

Which red flags could indicate increased terror financing and money laundering risks related to cultural objects? (Select Three.)

A bank received a subpoena regarding one of its clients. The Financial Intelligence Unit (FIU) of the bank should review the subpoena and:

Which of the following measures is one that the FATF recommends that Financial Institutions (FIs) and Designated Non-Financial Businesses and Professions (DNFBPs) take to mitigate...

A financial institution (FI) is investigating an alert generated by the automated transaction monitoring system. The AML analyst must determine whether the alert should be escalate...

Which of the following corporate structures present a higher money laundering risk due to reduced transparency? (Select Three.)

Which statement about the extraterritorial reach of U.S. laws and legislation is accurate?

A Financial Intelligence Unit (FIU) in a country has received a SAR involving significant suspicious fund transfers, not only within its jurisdiction but also in a foreign country....

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

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 risk factors should a financial institution (FI) examine for a new corporate customer intending to open a bank account? (Select Three.)

Which of the following indicates potential money laundering activity by a lawyer?

Which of the following are key AML measures that a regulated asset management company in the European Union (EU) should implement? (Select Two.)

Which practices should financial institutions (FIs) adopt when determining the timeline for completing an internal AML investigation and filing a Suspicious Activity Report (SAR) t...

Which of the following is a core function of a Financial Intelligence Unit (FIU) as described in FATF Recommendation 29?

Which measures should financial institutions (FIs) take when complying with sanctions requirements?

Which of the following statements best describes the role of the Board of Directors in overseeing an institution's AML governance and compliance framework, according to the Basel C...

A financial institution (FI) is conducting a complex investigation of unusual patterns of activity involving multiple businesses, triggered by an automated monitoring system alert....

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

Which practices should be considered when investigating unusual transactions and activities? (Select Three.)

Which of the following are risk factors a financial institution should examine when onboarding a new corporate customer? (Select Three.)

Which measures help limit the collection and use of personal data when performing AML-related controls?

Which information should be provided to the Board of Directors or a designated specialized committee when preparing a Suspicious Activity Report (SAR) report summary?

According to the Financial Action Task Force (FATF) methodology, which situations would require a financial institution (FI) to consider filing a Suspicious Activity Report (SAR)?

An AML/CFT unit often compiles information about customer activity and product usage that might be of interest to other parts of the organization. Before allowing the unit to commu...

Which scenario best justifies why a financial institution (FI) might close a customer's account?

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

A law enforcement action alleged that, over the course of two months, defendants engaged in a series of copper, gold, crude oil, and natural gas futures transactions on an electron...

What is the purpose of a Risk Appetite Statement (RAS) and its linkages while implementing organizational controls? (Select Two.)

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

What is a core function of a Financial Intelligence Unit (FIU) as described in FATF Recommendation 29?

A Financial Intelligence Unit (FIU) in a country has received a SAR involving significant suspicious fund transfers, not only within its jurisdiction but also in a foreign country....

Gatekeepers, including accountants, can be well-positioned to identify and detect changes in the type of work or the nature of a client's activities. In order to do so, they need t...

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

The Basel Committee on Banking Supervision published guidelines on the "Sound Management of Risks Related to Money Laundering and Financing of Terrorism." With regard to identifyin...

The manager of a bank's KYC team discovers that a high-risk customer's activity was not reviewed last quarter as required by the bank's internal compliance schedule. What should th...

The goal of the Egmont Group of Financial Intelligence Units (FIUs) is to provide a forum for FIUs to: (Select Three.)

An AML analyst at a bank is investigating cases triggered by transaction monitoring alerts. Which circumstances might cause the analyst to suspect a case involves terrorist financi...

A bank organized under foreign law and located outside of the U.S. maintains a correspondent banking relationship with a U.S.-based bank to handle financial transactions in U.S. do...

What is the importance of a risk-based approach (RBA) and building controls commensurate with risks?

An international bank is investigating a payment requested by one of its correspondent relationships that generated an alert in the automated transaction monitoring system. The pay...

Which practices are crucial for ensuring that an organization effectively limits the collection and use of personal data when performing AML-related controls?

What are the most effective measures that can be taken to boost risk appetite awareness across an organization after a Risk Appetite Statement (RAS) has been set and a risk appetit...

Which red flags could indicate increased terrorist financing and money laundering risks related to cultural objects and high-value art? (Select Three.)

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 (audit function) sho...

Which line of defense is solely tasked with providing assurance to the Board of Directors of an organization?

UN sanctions are the most effective and legitimate non-violent multilateral tools to respond to international security threats when they:

According to FinCEN, which red flags within a bank account may, taken together, be indications of modern slavery, human trafficking, and exploitation? (Select Two.)

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

Which step should financial institutions take when complying with sanctions requirements?