VALID CAMS EXAM LABS | NEW CAMS STUDY PLAN

Valid CAMS Exam Labs | New CAMS Study Plan

Valid CAMS Exam Labs | New CAMS Study Plan

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Free PDF 2025 CAMS: Updated Valid Certified Anti-Money Laundering Specialists Exam Labs

It is similar to the CAMS desktop-based software, with all the elements of the desktop practice exam. This mock exam can be accessed from any browser and does not require installation. The Certified Anti-Money Laundering Specialists (CAMS) questions in the mock test are the same as those in the real exam. And candidates will be able to take the web-based Certified Anti-Money Laundering Specialists (CAMS) practice test immediately through any operating system and browsers.

Achieving the ACAMS CAMS Certification is a significant accomplishment for AML professionals. Certified Anti-Money Laundering Specialists certification demonstrates a high level of expertise and a commitment to the AML field, which can open up new career opportunities and increase earning potential. Additionally, the certification provides a network of like-minded professionals and access to valuable resources and continuing education opportunities through ACAMS.

ACAMS Certified Anti-Money Laundering Specialists Sample Questions (Q198-Q203):

NEW QUESTION # 198
A compliance officer at a financial institution has completed an investigation into a high-risk customer's activities and determined that there are strong indications of money laundering. The compliance officer has documented their findings and is ready to recommend offboarding the customer. However, the relationship manager responsible for the customer is resistant to the idea, citing the customer's significant revenue contribution to the institution.
What should the compliance officer do next to ensure the appropriate escalation and decision-making process is followed?

  • A. Attempt to persuade the relationship manager to agree with the offboarding recommendation by highlighting the potential reputational and regulatory risks associated with maintaining the relationship
  • B. Delay the offboarding decision and continue monitoring the customer's activities, waiting for further evidence to solidify the case for termination
  • C. Escalate the matter to the institution's high-risk client committee, presenting the investigation findings and recommending offboarding while also acknowledging the relationship manager's concerns
  • D. Proceed with offboarding the customer unilaterally based on their investigation findings and anti-money laundering (AML) concerns

Answer: C

Explanation:
In situations involving significant AML concerns, especially with high-risk clients, thecompliance officer must follow proper escalation procedureswithin the institution. The appropriate course of action is toescalate the matter to a senior governance body, such as ahigh-risk client committee, which is typically tasked with balancing AML risk against business considerations.
Unilateral offboarding (Option B)may violate internal protocols.
Persuading the relationship manager (Option C)bypasses formal governance.
Delaying action (Option D)risks further exposure to regulatory or reputational damage.
This escalation ensuresdocumented risk-based decision-makingand demonstrates to regulators that the institution appliesstructured and objective AML governance.
Reference: ACAMS CAMS Study Guide - 6th Edition, Chapter:Compliance Governance and Risk Escalation Processes- Section:Governance Structures for High-Risk Customers


NEW QUESTION # 199
Under which two circumstances may law enforcement be given access to a financial institution customer's financial records? (Choose two.)

  • A. If law enforcement serves a legal summons or subpoena
  • B. If the person is named in a suspicious transaction report
  • C. If the investigation of a customer is made public in the media
  • D. If law enforcement has circumstantial evidence to suspect money laundering

Answer: A,D

Explanation:
Q Law enforcement may be given access to a financial institution customer's financial records if they serve a legal summons or subpoena, or if they have circumstantial evidence to suspect money laundering. These are two of the exceptions to the general rule that financial institutions must protect the privacy of their customers' financial information under the Right to Financial Privacy Act (RFPA) of 19781. The RFPA also allows access to customer records in other situations, such as with the customer's consent, in response to judicial orders, or for certain intelligence or counterintelligence purposes1.
Option A is incorrect because a suspicious transaction report (STR) does not automatically grant law enforcement access to the customer's financial records. The STR is a confidential document that is filed by the financial institution to the Financial Intelligence Unit (FIU) of the country, and the FIU may decide to share the information with law enforcement if it deems appropriate2. However, law enforcement still needs to follow the RFPA procedures to obtain the customer's records from the financial institution.
Option C is incorrect because the investigation of a customer being made public in the media does not give law enforcement the right to access the customer's financial records. The media exposure may raise the public interest or the urgency of the investigation, but it does not override the RFPA requirements. Law enforcement still needs to obtain a legal summons, subpoena, or other valid authorization to access the customer's records from the financial institution.
Reference:
1: Right to Financial Privacy Act of 1978, 12 U.S.C. §§ 3401-3422 2: ACAMS Study Guide for the CAMS Certification Examination, 6th Edition, Chapter 2: Compliance Standards for Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT), p. 47


NEW QUESTION # 200
Which product type is subject to US extra jurisdictional reach over non-US banks and non-US persons under the USA PATRIOT Act?

  • A. Trade finance
  • B. Commercial lending
  • C. Private banking
  • D. Correspondent banking

Answer: D

Explanation:
The product type that is subject to US extra jurisdictional reach over non-US banks and non-US persons under the USA PATRIOT Act is Correspondent Banking. According to the Certified Anti-Money Laundering Specialist (the 6th edition) Study Guide, "The USA PATRIOT Act extends the reach of the Bank Secrecy Act and other anti-money laundering statutes to non-U.S. banks and non-U.S. persons. This extra jurisdictional reach includes, but is not limited to, correspondent banking."


NEW QUESTION # 201
Which situation is the highest risk for money laundering and terrorist financing activity?

  • A. A customer purchases casino chips and engages in significant game play before requesting a casino check for the remainder
  • B. A customer purchases casino chips, using small denomination copyright, but does not engage in game play before redeeming the chips for a casino check
  • C. A customer purchases casino chips using a credit card and engages in minimal game play before redeeming the chips for a casino check
  • D. A customer purchases casino chips using credit from an account at an affiliated casino and engages in significant game play before redeeming the chips for a

Answer: B

Explanation:
According to the Anti-Money Laundering Specialist (the 6th edition) resources, the situation that is the highest risk for money laundering and terrorist financing activity is A. A customer purchases casino chips, using small denomination copyright, but does not engage in game play before redeeming the chips for a casino check. This is because this situation may indicate some red flags of money laundering, such as:
* Using small denomination copyright, which may be an attempt to avoid detection or reporting by the casino or the authorities, as large amounts of cash are usually associated with criminal activity1.
* Not engaging in game play, which may indicate a lack of interest in gambling and a sole purpose of exchanging cash for a casino check, which is a more legitimate and less traceable form of payment2.
* Redeeming the chips for a casino check, which may be a way of laundering the cash through the casino, as the check can be deposited into a bank account or cashed at another location, without revealing the source of the funds3.
The other three options are less risky because:
* B. A customer purchases casino chips and engages in significant game play before requesting a casino check for the remainder is less risky, as it may indicate a genuine interest in gambling and a legitimate source of funds. However, this situation may still require further investigation and verification, as some money launderers may use gambling as a cover for their illicit activities, or may use the casino check as a way of transferring funds to another jurisdiction or person4.
* C. A customer purchases casino chips using a credit card and engages in minimal game play before redeeming the chips for a casino check is less risky, as it may indicate a low level of funds involved and a traceable source of funds. However, this situation may still require further investigation and verification, as some money launderers may use credit cards to obtain cash advances from the casino, or may use the casino check as a way of repaying their credit card debt or transferring funds to another jurisdiction or person.
* D. A customer purchases casino chips using credit from an account at an affiliated casino and engages in significant game play before redeeming the chips for a casino check is less risky, as it may indicate a regular and loyal customer of the casino and a legitimate source of funds. However, this situation may still require further investigation and verification, as some money launderers may use credit from an affiliated casino to avoid carrying cash or using credit cards, or may use the casino check as a way of transferring funds to another jurisdiction or person.
1: ACAMS, CAMS Study Guide, 6th Edition, Chapter 5, p. 106 2: ACAMS, CAMS Study Guide, 6th Edition, Chapter 5, p. 110 3: ACAMS, CAMS Study Guide, 6th Edition, Chapter 5, p. 110 4: ACAMS, CAMS Study Guide, 6th Edition, Chapter 5, p. 110 : ACAMS, CAMS Study Guide, 6th Edition, Chapter 5, p.
110 : ACAMS, CAMS Study Guide, 6th Edition, Chapter 5, p. 110


NEW QUESTION # 202
What is an indicator of suspicious activity?

  • A. A convenience store that brings in $20s and $10s and requests small bills and change
  • B. A customer who pay back a late loan all at once after collecting on a bad debt
  • C. An online retailer that uses a third-party payment processor to facilitate its transactions
  • D. Large and frequent credit balances on a credit card resulting in request for refunds

Answer: D

Explanation:
Large and frequent credit balances on a credit card resulting in request for refunds is an indicator of suspicious activity because it may suggest that the cardholder is using the credit card to launder money or to conceal the source of funds. This is also known as credit card refund fraud or credit card laundering. The cardholder may make purchases with the credit card using illicit funds, then request refunds to another account or in cash, thus transferring the funds to a legitimate or less traceable channel. This activity may also be used to evade currency reporting requirements or to avoid detection by law enforcement or financial institutions.
References:
ACAMS Study Guide for the CAMS Certification Examination, 6th Edition, Chapter 2: Money Laundering Risks and Methods, page 381 Suspicious Activity Reporting Indicators and Examples, U.S. Department of Homeland Security, Indicator 14: Excess Purchases or Transactions2 Credit Card Laundering, Money Laundering Bulletin, Issue 245, October 2019


NEW QUESTION # 203
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