CAMS Exam Questions

What is the primary advantage of using a risk-based approach in allocating compliance resources?

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

According to the Financial Action Task Force's (FATF's) "Guidance for a Risk-Based Approach Life Insurance Sector," which of the following are money laundering red flags relating t...

The relationship manager in the corporate banking department at a bank is required to take specialized AML training tailored to the risks the department is most likely to encounter...

Which of the following statements is true regarding Office of Foreign Assets Control (OFAC) sanctions? (Select Two.)

Risks associated with real estate transactions include (Select Two.)

Reference data screening includes the screening of which types of datasets? (Select Two.)

The degree of attraction that a company holds to criminal organizations is influenced by the (Select Two.)

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

Which of the below would be relevant money laundering red flags for life insurance companies? (Select Two.)

Which financial crime risks are inherent to e-commerce platforms? (Select Four.)

Which money laundering risks are posed by the misuse of trust and asset management services? (Select Three.)

An agent of a wealthy individual residing in Country A, which is on the EU list of high-risk third jurisdictions, approaches a notary in Country B, which is in the EU. The agent wa...

A bank has joined a public-private partnership (PPP) to work with law enforcement and regulators on combating financial crime. However, the bank's data protection officer is concer...

Which of the following conditions contribute to a politically exposed person (PEP) posing greater risk than a typical high-risk bank customer? (Select Two.)

In a large US bank, an individual leads a team in charge of overseeing the governance and effectiveness of the bank's transaction monitoring approach. Which strategies should the t...

Which of the following is a key consideration for a global organization when managing AFC and sanctions compliance across multiple jurisdictions?

According to guidelines issued by Basel Committee on Banking Supervision relating to corporate governance principles for banks, what is the role of the board of directors in addres...

Assessing the money laundering risk related to a product within the financial sector includes assessing the: (Select Two.)

In the process of mutual evaluations and subsequent follow-ups used by the Financial Action Task Force (FATF) to assess the quality of various jurisdictions' AML controls, the FATF...

Which of the following are part of a risk-based approach? (Select Three.)

Which activities are part of adverse media screening for negative news and reputational risks? (Select Three.)

Which of the below is a core function of a financial intelligence unit (FIU) as described in FATF Recommendation 29?

According to the Egmont Group, which benefits do public-private partnerships (PPPs) provide to Financial Intelligence Units (FIUs)? (Select Three.)

The recently appointed senior money laundering reporting officer (MLRO) at a newly opened small digital bank has been instructed by the group chief compliance officer to implement...

The primary objectives of the United Nations in developing sanctions regimes include: (Select Three.)

Challenges in the implementation of new technologies for AML/CFT include: (Select Four.)

A bank is preparing for a regulatory exam after a previous regulatory exam identified weaknesses in the bank's AML program. Since the last exam, the bank has improved the written A...

Which of the following describes a role of the Financial Action Task Force (FATF)?

A real estate buyer purchases multiple high-value properties in cash through a series of transactions in a short period of time and without any clear economic justification. Which...

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

Which of the following are considered best practices for effective AML/CFT training programs? (Select Three.)

It is essential to identify any "family members" or "close associates" of politically exposed persons (PEPs) as part of the KYC/CDD process because they could be:

Criminals may misuse financial statements prepared by accountants to hide illicit assets. Which of the following scenarios poses the greatest risk of financial statement manipulati...

Which of the following is a common strategy employed by non-governmental organizations (NGOs) to combat money laundering?

What is the primary purpose of anti-bribery and corruption regulations?

When a financial institution (FI) is considering providing traditional banking services to a virtual asset service provider (VASP), consideration should be given to whether the FI:...

Cryptocurrency-related technologies that can be exploited by money launderers include: (Select Two.)

A financial institution's US Branch receives a subpoena from law enforcement requesting detailed records of a customer's account activity. The customer is part of an ongoing invest...

A financial institution's transaction monitoring system flags an unusually high volume of international wire transfers originating from a small business account. The transfers are...

Which of the following best describes the degree of cooperation between regulatory authorities, law enforcement agencies, and Financial Intelligence Units (FIUs) during money laund...

Interactions between the compliance department and other functions or departments within an organization contribute to making the anti-financial crime (AFC) compliance program more...

Which of the following controls is typically implemented at customer onboarding to mitigate the risk of onboarding high-risk customers?