May-2026 Free CAMS Test Questions Real Practice Test Questions [Q21-Q38]

Rate this post

May-2026 Free CAMS Test Questions Real Practice Test Questions

CAMS Dumps Updated May 01, 2026 WIith 865 Questions

The CAMS certification is issued by the Association of Certified Anti-Money Laundering Specialists (ACAMS), a leading international organization in the AML field. ACAMS provides training, certification, and networking opportunities to AML professionals worldwide. The CAMS certification is valid for three years, and candidates are required to earn 60 continuing education credits (CECs) during this period to maintain their certification status.

ACAMS CAMS certification is a highly sought-after certification in the anti-money laundering (AML) industry. Certified Anti-Money Laundering Specialists (the 6th edition) certification is awarded to individuals who have demonstrated their knowledge and expertise in the field of AML. The CAMS certification is recognized worldwide and is considered to be the gold standard in AML certifications.

NO.21 Which action should countries take related to the financing of terrorist acts in accordance with the Financial Action Task Force 40 Recommendations?

Oppose

Sanction

Prosecute

Criminalize

NO.22 A United States (U.S.) bank was recently alerted by law enforcement of an increase in sale of large denomination U.S. bank notes to casas de cambio. They suspect that a Mexican syndicate is operating a money laundering scheme in the bank’s jurisdiction.
Which two steps should be taken to trace funds through the bank to assist law enforcement in their investigation? (Choose two.)

Identify the money laundering scheme and submit a suspicious transaction report

Identify if there is a decrease in the sale of large denomination U.S. bank notes to casas de cambio by thebank

Identify deposits by casas de cambio that include third-party items including sequentially numberedmonetary instruments

Identify multiple wire transfers initiated by casas de cambio to jurisdictions outside of Mexico that bear noapparent business relationship with that casa de cambio

According to the ACAMS Study Guide 6th Edition, Chapter 2, page 38, one of the steps that a financial institution should take when it suspects money laundering activity is to file a suspicious transaction report (STR) or a suspicious activity report (SAR) to the relevant authorities. This will alert the regulators and law enforcement of the potentialmoney laundering scheme and provide them with valuable information to trace the funds and identify the perpetrators.
Another step that a financial institution should take is to identify any unusual or suspicious wire transfers initiated by casas de cambio to jurisdictions outside of Mexico that bear no apparent business relationship with that casa de cambio. This could indicate that the casas de cambio are involved in layering and integration stages of money laundering, where they are moving the illicit funds across borders and disguising their origin and ownership. The financial institution should monitor and document these wire transfers and report them to the authorities if necessary.
Option B is not a relevant step to trace funds through the bank, as it does not provide any information about the source, destination, or purpose of the funds. A decrease in the sale of large denomination U.S. bank notes to casas de cambio by the bank could be due to various factors, such as market demand, exchange rates, or regulatory changes, and does not necessarily indicate money laundering activity.
Option C is also not a relevant step to trace funds through the bank, as it does not indicate any connection to the suspected money laundering scheme. Deposits by casas de cambio that include third-party items, such as sequentially numbered monetary instruments, could be legitimate transactions that are part of the normal business operations of the casas de cambio. Unless there is evidence that these deposits are related to the sale of large denomination U.S. bank notes or the Mexican syndicate, they are not useful for tracing the funds.
ACAMS Study Guide 6th Edition, Chapter 2, page 38
Combating Money Laundering and Other Forms of Illicit Finance
Sting Operation Snares Casa de Cambio for Allegedly Laundering Millions Through U.S. Banks

NO.23 An anti-money laundering consultant audits a bank’s current anti-money laundering policies, procedures and controls. The bank serves high-income, high net-worth clients who include non-residents and offshore businesses. During a review of the custom list, theanti-money laundering consultant determines that he and the bank have mutual clients. The bank’s written anti-money laundering program includes a process for the bank to establish the identity of the person with whom they conduct business, but does not address monitoring of customer account activity.
The consultant should recommend the bank:

Continue to follow the current written anti-money laundering program.

Focus on high-risk customer acceptance procedures.

Reduce the risk rating on the mutual customers.

Revise the procedures to better assess ongoing customer activity.

NO.24 In performing a risk analysis, which factor(s) should a financial institution review?

The level of its gross revenue

Recent regulatory actions against financial institutions of comparable size

Its customer base, location, products and services

The adequacy and completeness of its STR filings

NO.25 When must a United States (U.S.) bank block or reject an international funds transfer when there is an Office of Foreign Assets Control designated party to the transaction?

Only if the U.S. bank is involved in the funds transfer

Only if a U.S. person or entity is the ultimate beneficiary

Only if a non-U.S. person or entity is the ultimate beneficiary

Only if the U.S. bank’s correspondent informs it of the involvement of the designated party

NO.26 An institution has made the decision to exit a client relationship due to anti-money laundering concerns. Prior to starting the close out process, the institution receives a written request from a law enforcement agency to keep the account open. The client is the subject of an ongoing investigation and law enforcement wants the institution to continue to monitor the account and report any suspicious activity.
What is primary consideration the institution should keep in mind when deciding whether to agree to this request?

The anticipated cost of complying with the law enforcement request

The number of suspicious transaction reports previously filed on the client

The fact that the institution has a solid record in complying with law enforcement requests

Whether the institution can continue to meet its regulatory obligations with the accounts open

NO.27 A client who owns a swimming pool company requests to open 19 accounts at a bank, each with a debit card for its swimming pool technicians. When asked about the purpose of each account, the client explains that each technician needs a separate checking account to purchase pool chemicals.
Which available source could be used in the bank’s internal investigation on this client’s activities?

Client’s credit bureau report

Local law enforcement investigation report

Interview swimming pool technicians and chemical suppliers

Internet search showing how such business are typically operated

NO.28 When and how should an institution appraise the AML risk of a newly developed product? Choose 3 answers

The institution should request the Compliance Officer to review and evaluate the AML risk prior to the product going live

The institution should roll the product out on a preliminary basis to determine what risks develop with regard to the product

The institution should review previous administrative actions to determine if the product has created problems for other institutions

The institution should evaluated where, how and to what extent the product is going to be used

NO.29 A financial institution (FI) is conducting a complex investigation of unusual patterns of activity involving multiple businesses, triggered by an automated monitoring system alert.
Which techniques would be most efficient for conducting the investigation? (Select Two.)

Perform a control and ownership assessment of the businesses involved, using the information available in the client files.

Contact local law enforcement and request that they assist in the analysis and investigation.

Contact the account manager and ask for the reasons behind the patterns of activity highlighted in the AML alerts.

Review the information presented in the automated monitoring system’s alert description and decline any future transactions.

Use social media platforms to connect with the businesses and request details about the account activity.

NO.30 Which type of sanctions are most likely to be used in order to avoid escalating violent conflicts and/or proliferation of weapons?

Financial prohibitions

Export and import restrictions

Arms and related materials embargo

Asset freeze

NO.31 A national Financial Intelligence Unit, which is responsible for receiving, analyzing and disseminating disclosure of financial information, should consider becoming a member of what organization?

The Egmont Group

The Wolfsberg Group

The Financial Action Task Force

The Basel Committee

it describes the organization that a national Financial Intelligence Unit (FIU) should consider becoming a member of, which is the Egmont Group. The Egmont Group is an international network of FIUs that was established in 1995 to facilitate the exchange of financial intelligence and information among its members, and to promote cooperation and coordination in the fight against money laundering and terrorist financing.
The Egmont Group currently has 166 member FIUs from different jurisdictions, and provides them with various benefits, such as access to secure communication channels, bestpractices, training, and technical assistance. The Egmont Group also works closely with other international organizations, such as the Financial Action Task Force (FATF), the United Nations, and the World Bank, to enhance the global anti-money laundering and counter-terrorist financing (AML/CTF) framework.
The other options are not necessarily organizations that a national FIU should consider becoming a member of, although they may have some relevance or influence on the AML/CTF field. Option B describes the Wolfsberg Group, which is an association of 13 global banks that was formed in 2000 to develop standards and guidance for the financial industry on AML/CTF and other financial crime issues. The Wolfsberg Group is not an organization for FIUs, but rather for financial institutions. Option C describes the Financial Action Task Force (FATF), which is an inter-governmental body that was established in 1989 to set the international standards and recommendations for AML/CTF and to monitor the compliance and effectiveness of its members and other jurisdictions. The FATF is not an organization for FIUs, but rather for governments and policy-makers. Option D describes the Basel Committee, which is a forum of central bank governors and heads of banking supervision authorities from 28 jurisdictions that was established in 1974 to enhance the quality and consistency of banking supervision and regulation. The Basel Committee is not an organization for FIUs, but rather for banking regulators and supervisors.
ACAMS CAMS Certification Video Training Course – 6th Edition1
Exam CAMS: Certified Anti-Money Laundering Specialist (the 6th edition)2 ACAMS CAMS Study Guide – 6th Edition, Chapter 5, pages 108-109
https://www.acams.org/wp-content/uploads/2019/09/ACAMS-CAMS-Study-Guide-6th-Edition-Chapter-5.pdf

NO.32 Which payment method for purchasing luxury items is a red flag for potential money laundering?

Personal loan

Cash

Wire transfer

Credit card

NO.33 How should a financial institution respond to a verbal request from a law enforcement agency to keep an account open to assist in an investigation?

Agree to keep the account open

Request a subpoena to maintain the account

Request a letter on the agency’s letterhead

Request a search warrant from the local court

NO.34 the Financing of Terrorism (CFT)]
Which statement about U.S. Specified Unlawful Activities (SUA) is true?

At least one SUA must be proven in order to pursue a money laundering conviction

SUAs are generally limited to a small sub-set of crimes

In order to secure a conviction, the defendant must be proven to have known the precise nature of the source of funds

SUAs are limited to crimes that occur within the borders of the U.S. and its territories and possessions

NO.35 Client A is flagged for a high volume of outgoing transfers. Further investigation reveals Client A has a potentially key role in a network linked to human trafficking. After filing a suspicious activity report, what step should the investigator take next?

Prepare a summary for senior management recommending client off-boarding.

Inform other local financial institutions about the client so they can halt potential services.

Restrain or block the client’s account(s) until law enforcement makes an arrest.

Contact the Federal Bureau of Investigation (FBI) to communicate the investigation findings.

NO.36 One of the red flags of microstructuring is:

depositing sequentially numbered checks.

check deposits followed by ATM withdrawals using debt card in retail store.

single activity in an account immediately following the opening of the account.

frequent visits to make cash deposits of nominal amounts.

NO.37 Which two individuals are ordinarily beneficial owners of a private banking account according to the Wolfsberg Anti-Money Laundering Principles for Private Banking? (Choose two.)

Those two are authorized signers on the account

Those who have legal title to a controlling share interest in the customer

Those who generally have ultimate control through ownership or other means over the funds in the account

Those who are the ultimate source of funds for the account and whose source of wealth should be subject to due diligence

NO.38 Which action should countries take related to the financing of terrorist acts in accordance with the Financial Action Task Force 40 Recommendations?

Oppose

Sanction

Prosecute

Criminalize

View All CAMS Actual Free Exam Questions Updated: https://www.free4dump.com/CAMS-braindumps-torrent.html

You may also like

Leave a Reply Cancel reply