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Free ACAMS CAMS Practice Exam with Questions & Answers | Set: 6

Questions 51

Which of the following can be considered a reliable, independent source document, data, or information?

Options:
A.

Information provided by a prospective customer

B.

Photocopy of a copy of a government-issued identity document

C.

Information obtained from an open-source database

D.

Information obtained directly from a government-managed registry

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Questions 52

Money laundering can have a profound impact on the global economy that includes:

Options:
A.

Declining money supplies

B.

Increased sectoral polarization

C.

Increased inflation and low economic growth

D.

Destabilization of legitimate governments

Questions 53

The owner of a real estate investment company deposits multiple cashier's checks that were bought using cash over a three-month period, from the sale of two apartments. This account also receives several electronic transfers from other financial institutions for US$10,000 each.

What activity is considered suspicious of money laundering?

Options:
A.

Receiving electronic transfers for US$10,000 amounts from other financial institutions

B.

Using cash to buy multiple cashier's checks over a period of time

C.

Performing operations with real estate investment companies

D.

Using cashier's checks in the transactions with the real estate investment company's account

Questions 54

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

Options:
A.

Designated AML compliance officer

B.

Chief executive officer

C.

Chief operating officer

D.

Board of directors

Questions 55

An organization is developing a comprehensive anti-money laundering (AML) framework.

Which of the following statements best describes the relationship between AML policies and procedures?

Options:
A.

Policies are broad guidelines. Procedures are detailed instructions for specific processes. Only procedures are mandatory for knowledge and adherence.

B.

Policies define the principles of an organization and influence the drafting of procedures. Procedures are detailed instructions for specific processes.

C.

Policies are detailed instructions for specific processes. Procedures are an overarching framework. Neither policies nor procedures are mandatory for knowledge and adherence.

D.

Policies are detailed instructions for specific processes. Procedures are an overarching framework. Both policies and procedures are mandatory for knowledge and adherence.

Questions 56

The role of FATF-style regional bodies (FSRBs) is to; (Select Three.)

Options:
A.

identify and address the current financial crime trends through the issuance of typologies originating in members outside of their FSRB's Jurisdiction.

B.

provide AM L/C FT technical assistance needed by members in their FSRB junsdiction.

C.

coordinate technical assistance for members in their FSRB jurisdiction

D.

set and amend the FATF 40 Recommendations for members in their FSRB jurisdiction.

E.

identify and address any gaps in the AML/CFT policies for members outside of their FSRB jurisdiction.

F.

offer mutual evaluation and follow-up processes for members in their FSRB Jurisdiction.

Questions 57

To provide aid in investigating a cross-border money laundering case, a Financial Intelligence Unit (PIU) that is a member of the Egmont Group can:

Options:
A.

directly contact financial institutions in another country and share information pertinent to the investigation.

B.

directly contact other FlUs in another country and share information pertinent to the investigation.

C.

deputize its law enforcement investigators to assist in a material ongoing investigation in another country

D.

assist law enforcement in another country with a material ongoing investigation.

Questions 58

When considering purchasing AFC tools from a vendor to implement into the customer lifecycle, which of the following measures should be taken during the process? (Choose two.)

Options:
A.

Ensuring the tools are compatible and integration with current systems is possible

B.

Assessing whether internal staff members can provide training on the tools

C.

Assessing the cost of implementation and cost of maintaining the tools

D.

Basing business requirements on the features offered by the vendor's tools

Questions 59

A law enforcement agency submits several requests to a financial institution.

Which request is legitimate and requires the bank to respond?

Options:
A.

Keep an account open upon verbal request

B.

Produce documents and testimony without a subpoena

C.

Seize privileged documents upon written request

D.

Freeze an account in terms of a court order

Questions 60

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 wants to complete a disposal of assets recently acquired at auction by the wealthy individual through an offshore company. The agent also has a power of attorney to act on behalf of the offshore company issued by a respectable law firm from Country C, which is also in the EU. The agent asks the notary to proceed with the disposal as quickly as possible without paying any specific attention to related costs or taxes to be paid as a result of this transaction. The notary notices the intended transfer price is significantly lower than the one recorded at auction, but the agent does not want to discuss this matter and claims that it is not covered by the power of attorney.

Which red flags should the notary consider? (Select Two)

Options:
A.

The agent requested a disposal of assets at a lower price than recently acquired.

B.

The assets acquired through an auction were put in the name of an offshore company

C.

The agent acted on behalf of an individual residing in a country which is on the EU's list of high-risk jurisdictions

D.

The power of attorney was issued by a law firm in a different EU country from where the transaction took place.

Exam Code: CAMS
Certification Provider: ACAMS
Exam Name: Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition)
Last Update: Feb 21, 2026
Questions: 395

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