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ACAMS Exam Questions

Exam Name: Certified Anti-Money Laundering Specialist v6
Exam Code: CAMS
Related Certification(s): Acams Association of Certified Anti Money Launderying CAMS Certification
Certification Provider: Acams
Actual Exam Duration: 90 Minutes
Number of CAMS practice questions in our database: 647 (updated: Dec. 14, 2024)
Expected CAMS Exam Topics, as suggested by Acams :
  • Topic 1: RISKS AND METHODS OF MONEY LAUNDERING AND TERRORISM FINANCING: This section focuses on identifying the various risks and methods associated with money laundering and terrorism financing. Candidates will need to recognize the risks to both individuals and institutions for violations of anti-money laundering (AML) laws.
  • Topic 2: COMPLIANCE STANDARDS FOR ANTI-MONEY LAUNDERING (AML) AND COMBATING THE FINANCING OF TERRORISM (CFT): This section assesses understanding of the key compliance frameworks and principles related to AML and CFT.
  • Topic 3: AML, CFT, AND SANCTIONS COMPLIANCE PROGRAMS: This section focuses on the design and implementation of effective AML, CFT, and sanctions compliance programs. Candidates must be able to recognize the essential elements of an institution-wide risk assessment.
  • Topic 4: CONDUCTING AND SUPPORTING THE INVESTIGATION PROCESS: This section of the exam assesses the candidate's knowledge of investigative procedures and reporting requirements. Candidates must show they understand how to appropriately report high-profile suspicious activity reports (SARs) or suspicious transaction reports (STRs) to both internal management and external regulatory authorities.
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Susy

5 days ago
Finally CAMS certified! Pass4Success made it possible with their accurate exam questions. So grateful!
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Leeann

8 days ago
The exam included scenarios on politically exposed persons (PEPs). Be ready to identify PEPs and explain appropriate risk mitigation strategies for dealing with them.
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Val

12 days ago
Happy to report that I passed the Acams exam! The Pass4Success practice questions were invaluable. There was a tough question on the risks and methods of money laundering and terrorism financing. It asked about trade-based money laundering techniques. I had to think on my feet, but I passed.
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Evelynn

22 days ago
Thanks to Pass4Success, I was well-prepared for questions on international AML standards. Make sure you're familiar with FATF recommendations and how they apply to different jurisdictions.
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Niesha

27 days ago
I passed the Acams exam, and Pass4Success practice questions were a lifesaver. One question that I found difficult was about compliance standards for AML and CFT. It asked about the role of the Financial Action Task Force (FATF) in setting international standards. I wasn't sure, but I managed to pass.
upvoted 0 times
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Sage

1 months ago
Aced the CAMS exam today! Pass4Success's practice questions were a lifesaver. Highly recommend for quick prep.
upvoted 0 times
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Nelida

1 months ago
Trade-based money laundering was a key topic. Study common schemes like over/under-invoicing and multiple invoicing. Practice analyzing trade documents for suspicious patterns.
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Malinda

1 months ago
Excited to announce that I passed the Acams exam! Thanks to Pass4Success practice questions, I was well-prepared. A question that puzzled me was related to AML, CFT, and sanctions compliance programs. It asked about the key elements of an effective sanctions screening program. I had to guess, but I still passed.
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Lacresha

2 months ago
Know your AML program components inside out! The exam tests your knowledge of the pillars of an effective AML program. Expect questions on internal controls, independent testing, and training.
upvoted 0 times
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Santos

2 months ago
I am thrilled to share that I passed the Acams exam! The Pass4Success practice questions were a great help. One challenging question was about conducting and supporting the investigation process. It asked how to handle a suspicious transaction report (STR) when the customer is a politically exposed person (PEP). I wasn't 100% sure, but I made it through.
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Pa

2 months ago
CAMS certified! Pass4Success really came through with relevant exam prep. Couldn't have done it without their materials.
upvoted 0 times
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Willard

2 months ago
The exam had several questions on suspicious activity reporting (SAR). Be prepared to identify red flags and determine when a SAR should be filed. Understanding regulatory requirements and timeframes is crucial.
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Corazon

2 months ago
Just passed the Acams exam, and I owe a lot to Pass4Success practice questions. There was a tricky question on the risks and methods of money laundering and terrorism financing. It asked about the use of shell companies in layering. I had to think hard about it, but thankfully, I still passed.
upvoted 0 times
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Peggy

3 months ago
Just passed the ACAMS CAMS exam! Grateful to Pass4Success for their spot-on practice questions. Tip: Focus on customer due diligence (CDD) procedures. Expect scenario-based questions on risk assessment and enhanced due diligence for high-risk clients.
upvoted 0 times
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Desire

3 months ago
I recently passed the Acams Certified Anti-Money Laundering Specialist exam, and I must say that the Pass4Success practice questions were incredibly helpful. One question that caught me off guard was about the different compliance standards for AML and CFT. It asked about the specific requirements for customer due diligence under the FATF recommendations. I wasn't entirely sure of the answer, but I managed to pass the exam.
upvoted 0 times
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Fausto

3 months ago
Just passed the CAMS exam! Thanks to Pass4Success for the spot-on practice questions. Saved me tons of study time!
upvoted 0 times
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Mendy

5 months ago
My experience taking the Acams Certified Anti-Money Laundering Specialist exam was challenging but rewarding. With the assistance of Pass4Success practice questions, I was able to successfully navigate through topics like money laundering risks and methods, such as the Black Market Peso Exchange. One question that I remember was about the different stages of money laundering and how they can be interconnected. Although it was a tough question, I managed to pass the exam.
upvoted 0 times
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Leonora

5 months ago
Just passed the CAMS exam! Key topic: Customer Due Diligence. Expect questions on risk-based approach and beneficial ownership. Focus on understanding CDD requirements for different risk levels. Thanks Pass4Success for the spot-on practice questions - really helped me prepare quickly!
upvoted 0 times
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Nickolas

6 months ago
I recently passed the Acams Certified Anti-Money Laundering Specialist exam with the help of Pass4Success practice questions. The exam covered topics such as money laundering risks and methods, including the Black Market Peso Exchange. One question that stood out to me was related to the methods used in the Black Market Peso Exchange and how to detect and prevent them. Despite being unsure of the answer, I was able to pass the exam.
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Free Acams CAMS Exam Actual Questions

Note: Premium Questions for CAMS were last updated On Dec. 14, 2024 (see below)

Question #1

Which is the most severe consequence for a financial institution if the regulator finds it is in breach of AML regulatory obligations?

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Correct Answer: A

Non-compliance with AML regulatory obligations can have severe consequences for financial institutions. Among these, the most severe consequence is the loss of license. When a financial institution fails to meet AML requirements, regulators may revoke its license to operate. Losing the license effectively shuts down the institution's ability to conduct business, impacting its existence and operations significantly12.


1. Unit21 AML: 8 AML Penalties, Fines, and Sanctions + Examples You Should Avoid

2. Financial Crime Academy: Ensuring Compliance: The Power Of AML Regulatory Reporting

Question #2

Findings from a regulatory examination report states that the job descriptions of personnel outside of the

compliance department do not include references to anti-money laundering responsibilities.

Which action should the firm take?

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Correct Answer: A

According to the ACAMS Study Guide, one of the essential elements of an effective anti-money laundering (AML) program is to assign clear roles and responsibilities to all staff members, regardless of their position or department1. This ensures that everyone is aware of their obligations and expectations in relation to AML compliance, and that they receive appropriate training and guidance. Therefore, the firm should update all job descriptions to include references to AML responsibilities, such as identifying and reporting suspicious activity, conducting customer due diligence, and adhering to AML policies and procedures.

The other options are not sufficient or correct, because:

B .Responding that only compliance personnel have AML responsibilities is incorrect, because AML compliance is not only the responsibility of the compliance department, but of the entire organization1. All staff members should be involved in the AML program and contribute to its effectiveness.

C . Sending an email to all staff stating that personnel must observe the AML policy is not sufficient, because it does not specify what the AML policy entails, or how it applies to different roles and functions. An email is also not a permanent or formal way of communicating AML responsibilities, and it may not reach all staff members or be taken seriously.

D . Replying that a description of AML responsibilities is included in the annual training is not sufficient, because it does not address the issue of the job descriptions, which should reflect the AML responsibilities of each position. Moreover, annual training may not be frequent or comprehensive enough to cover all aspects of AML compliance, and it may not be tailored to the specific needs and risks of each role or department.


1: ACAMS Study Guide, 6th Edition, Chapter 2: Developing an Effective Anti-Money Laundering Program, page 49.

Question #3

The main purpose of the US Treasury Department for OFAC's extraterritorial reach is to:

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Correct Answer: A

Question #4

Which are social/economic consequences of money laundering? (Choose two.)

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Correct Answer: B, C

Question #5

One of the red flags of microstructuring is:

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Correct Answer: D

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