CAMS Exam Questions

Which of the following are common indicators of possible money laundering within the securities industry? (Choose two.)

Which of the following are key financial crime risks associated with real estate companies? (Choose four.)

Which payment type presents the highest financial crime risk?

A large international bank is conducting a comprehensive review of its risk management framework to ensure it effectively addresses various financial crime risks, including AML, CF...

Which of the services provided by Trust and Company Service Providers (TCSPs) present the greatest financial crime risks? (Choose three.)

The purpose of a risk appetite statement is to:

Unusual wire transfer transactions can include: (Choose two.)

Perpetual KYC includes: (Choose two.)

A financial institution is exploring automation to assist investigators in reviewing flagged transactions. Currently, investigators spend a significant amount of time gathering dat...

According to the Financial Action Task Force (FATF) Recommendation regarding "tipping off," which of the following statements accurately describes the obligations of reporting enti...

A key advantage of privacy enhancing technologies (PETs) in anti-money laundering is that they offer:

What are the primary advantages of using open-source tools in financial crime investigations? (Choose two.)

Which of the following best describes the use of fuzzy logic in customer screening systems?

Which of the following serves as an example of a successful public-private partnership (PPP)?

In the context of terrorist financing, which of the following are potential indicators of the abuse of non-profit organizations (NPOs)? (Choose two.)

Which action could be taken by an organization to better understand the threats faced from proliferation financing?

Common risks and red flags associated with trade finance clients may include: (Choose four.)

The supply of goods and services can be vulnerable to corruption within a company, particularly the solicitation and receipt of bribes and kickbacks, because: (Choose two.)

A compliance officer is completing a case and has determined that the events do not merit filing a suspicious activity report (SAR). Which of the following should be included in th...

The transaction monitoring system of a bank generated an alert for a car wash client. After making large cash deposits, the client orders international wire transfers. Which additi...

Which of the following are benefits of the latest KYC solutions, including but not limited to digital onboarding, eKYC, digital identity, facial recognition, liveness checks, biome...

The chief compliance officer at a global bank that operates in the US, EU, and other countries is responsible for navigating the US and EU regulations related to anti-money launder...

Which of the following programs would most likely be considered part of an effective supervision regime for a regulator?

Which strategies are most effective for prioritizing resources within an anti-financial crime (AFC) program using a risk-based approach (RBA)? (Choose two.)

A compliance officer at a large bank has been tasked with investigating a series of unusual transactions involving a long-time customer. The customer has made several large cash de...

The primary objectives of the Financial Action Task Force (FATF) are to: (Choose two.)

How should a global organization ensure Anti-Money Laundering (AML) and sanctions compliance across different jurisdictions?

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

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

The UN Security Council's primary role in imposing sanctions is that it has the authority to:

Financial crime risk related to the use of "hawalas" can stem from: (Choose two.)

The first line of defense is responsible for:

What areas of laws and regulations have the greatest impact on AML/CFT applications? (Choose three.)

Which of the following accurately describes the economic, reputational and social consequences of money laundering (ML) and the risks and consequences of violating AFC regulations?...

Which statement best describes an organizational challenge for law enforcement agencies and Financial Intelligence Units (FIUs) when conducting cross-border money laundering (ML) i...

In a standard customer due diligence (CDD) process focused on financial inclusion, the Financial Action Task Force (FATF) Recommendations require: (Choose two.)

An internal audit team is reviewing the anti-financial crime (AFC) program of its firm. Which of the following attributes of the third line of defense would be most critical to ens...

An adequate organizational policy is: (Choose two.)

During which process must a country demonstrate to the Financial Action Task Force (FATF) that it has an effective framework to protect the financial system from abuse?

What key element contributes to the effectiveness of AML training programs'?

A trust and company services provider that offers a variety of services to businesses is approached by a client interested in establishing a new company. The client requests assist...

The Financial Intelligence Unit (FIU) in a country has received a suspicious activity report (SAR) which involves significant suspicious fund transfers, not only within its jurisdi...

Which characteristic of accountants is most attractive to those looking to launder funds using an accountant or accountancy firm?

Which ancillary departments or operational areas can play an essential role in supporting a larger organization's Anti-Money Laundering and Economic Sanctions compliance program? (...

Which customer actions are red flags for virtual currency peer-to-peer transactions? (Choose two.)

What are the primary sources of reference besides AML laws and regulations when developing and maintaining the AML policies, standards, and procedures of a bank? (Choose three.)

Which of the following are part of a risk-based approach? (Choose three.)

A compliance officer is developing management reporting information to provide leadership with insights into the financial crime risk related to an institution's customer populatio...

A National Risk Assessment (NRA) can impact a financial institution's (Fl's) risk-based approach to anti-money laundering and terrorism financing by:

Professions such as lawyers, accountants, and trust and company service providers (TCSPs) are sometimes referred to as "gatekeepers" because they: