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2025 Valid Valid CAMS Test Pattern | 100% Free Certified Anti-Money Laundering Specialists (the 6th edition) Real Dumps

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ACAMS CAMS (Certified Anti-Money Laundering Specialists) Exam is a globally recognized certification designed for professionals in the anti-money laundering (AML) field. CAMS exam is administered by the Association of Certified Anti-Money Laundering Specialists (ACAMS) and is aimed at testing the knowledge of AML professionals on the latest industry trends, laws, and regulations. The CAMS certification is widely regarded as a benchmark for AML professionals, and it is highly valued by employers in the financial industry.

ACAMS CAMS exam covers a wide range of topics related to AML, including risk assessment, regulatory compliance, customer due diligence, and investigations. CAMS Exam is designed to test the practical knowledge and skills of AML professionals, and it includes multiple-choice questions that cover real-life scenarios. CAMS exam is divided into six sections, each of which covers a specific aspect of AML. To pass the CAMS exam, candidates must score at least 75% on each section. CAMS exam is available in multiple languages, including English, Spanish, and Chinese, and it can be taken online or at a physical testing center.

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ACAMS Certified Anti-Money Laundering Specialists (the 6th edition) Sample Questions (Q35-Q40):

NEW QUESTION # 35
An analyst reviewing trade finance transactions notices an increase in price of 25% over 12 months for commodities with the same specification and quantity. Which action should the analyst take?

A. Produce an investigation report that finds evidence to substantiate the analyst's suspicion and submit a SAR/STR.
B. Produce an updated due diligence record for the client so that monitoring can be enhanced.
C. Produce a SAR/STR that describes apparent trade-based money laundering and submit to the Financial Investigation Unit (FIU).
D. Produce an investigation report that considers client activity and factors that may have legitimately affected transaction cost.

Answer: D

Explanation:
Trade finance transactions involve the financing of the movement of goods and services across borders. Trade finance products include letters of credit, guarantees, documentary collections, open account, and supply chain finance. Trade finance transactions are exposed to various risks, such as credit risk, operational risk, fraud risk, and money laundering risk. Money laundering risk refers to the possibility that trade finance transactions are used to conceal the origin, ownership, or destination of illicit funds, or to evade taxes, sanctions, or exchange controls. Trade-based money laundering (TBML) is a form of money laundering that involves the manipulation of trade transactions, such as mispricing, misinvoicing, over- or under-shipping, or falsifying documents, to transfer value or obscure the true nature of the funds12.
An analyst reviewing trade finance transactions should be alert to any red flags or indicators of potential TBML, such as significant discrepancies between the value or quantity of the goods and the invoice, payment, or contract; unusual or complex shipment routes or methods; involvement of high-risk jurisdictions, entities, or commodities; or lack of transparency or documentation of the trade transaction12. If the analyst notices an increase in price of 25% over 12 months for commodities with the same specification and quantity, this could be a sign of mispricing, which is a common technique of TBML. Mispricing involves inflating or deflating the price of the goods to transfer value or evade taxes or duties. For example, an exporter may overprice the goods to move funds out of a country with exchange controls, or an importer may underprice the goods to reduce the customs duty payable12.
However, an increase in price of 25% over 12 months for commodities with the same specification and quantity does not necessarily indicate TBML, as there could be other legitimate factors that may have affected the transaction cost, such as market fluctuations, supply and demand, quality, transportation, insurance, or other fees. Therefore, the analyst should not jump to the conclusion that TBML is occurring, but rather conduct a thorough investigation to verify the validity and rationale of the price change. The analyst should produce an investigation report that considers the client activity and factors that may have legitimately affected the transaction cost, such as:
* The nature and purpose of the client's business and trade activities
* The client's profile, risk rating, and transaction history
* The source and destination of the funds and the goods
* The market price and trends of the commodities involved
* The contractual terms and conditions of the trade transaction
* The supporting documents, such as invoices, bills of lading, certificates of origin, inspection reports, etc.
* The due diligence and verification procedures performed by the bank or the third parties
* The compliance with the relevant laws, regulations, and standards of the jurisdictions involved The investigation report should document the findings, analysis, and conclusions of the analyst, and provide evidence and references to support the assessment. The investigation report should also include any recommendations or actions to be taken by the bank or the authorities, such as:
* Requesting additional information or clarification from the client or the counterparties
* Conducting enhanced due diligence or monitoring of the client or the transaction
* Escalating the case to the senior management or the compliance department
* Reporting the case to the Financial Investigation Unit (FIU) or the relevant regulator
* Filing a Suspicious Activity Report (SAR) or a Suspicious Transaction Report (STR) if there are reasonable grounds to suspect TBML or other criminal activity Therefore, the best action for the analyst to take is to produce an investigation report that considers the client activity and factors that may have legitimately affected the transaction cost, as this would allow the analyst to determine whether the price increase is justified or indicative of TBML, and to take appropriate measures accordingly.
Trade Finance and Trade-Based Money Laundering
Trade-Based Money Laundering: Red Flag Indicators

NEW QUESTION # 36
Which is a key role of FATF-Style Regional Bodies (FSRBs)?

A. Support the system of mutual evaluation
B. Enforce the specific FATF laws in the region
C. Setting regional standards for combatting money laundering
D. Bring additional terrorist financing laws into action in the region

Answer: A

Explanation:
one of the key roles of FATF-Style Regional Bodies (FSRBs) is to support the system of mutual evaluation, which is a peer review process that assesses the level of compliance and effectiveness of each member country's anti-money laundering and counter-terrorism financing (AML/CFT) regime12. FSRBs conduct mutual evaluations in accordance with the FATF's methodology and standards, and share the results and recommendations with the FATF and other FSRBs3. Mutual evaluations help identify the strengths and weaknesses of each country's AML/CFT system, and provide a basis for technical assistance and follow-up actions4.
Reference:
What are the 9 FATF-Style Regional Bodies (FSRBs)? - Sygna1
FATF-Style Regional Bodies (FSRBs) - Asia/Pacific Group on Money Laundering2 The Role of FATF Style Regional Bodies (FSRBs) in Combating ... - IDMerit3
9 FATF-Style Regional Bodies (FSRBs) - fineksus.com4

NEW QUESTION # 37
Which step should financial institutions take when complying with sanctions requirements?

A. Conduct enhanced due diligence for prohibited entities on the sanctions list.
B. Adopt automatic screening systems to detect designated persons and entities.
C. Freeze the funds or assets of designated persons and entities once this decision is approved by the Board.
D. Change the risk profile to "high-risk" if an existing customer becomes a sanctioned entity and continue monitoring further transactions.

Answer: C

Explanation:
The financial institution should freeze the funds or assets of designated persons and entities once this decision is approved by the Board. This is to comply with the obligation to implement targeted financial sanctions imposed by the United Nations Security Council (UNSC) or other relevant authorities. Freezing means preventing any access, use, transfer, or disposal of the funds or assets by the designated persons and entities or by any other person on their behalf. The financial institution should also report the freezing action to the competent authority and the relevant sanctions committee12.
Option A is not a sufficient step to comply with sanctions requirements, but rather a tool to facilitate compliance. Adopting automatic screening systems to detect designated persons and entities can help the financial institution to identify potential matches and flag them for further investigation. However, screening systems are not infallible and may generate false positives or false negatives. Therefore, the financial institution should also conduct manual checks and verification of the screening results13.
Option B is not a relevant step to comply with sanctions requirements, but rather a measure to mitigate money laundering and terrorist financing risks. Conducting enhanced due diligence for prohibited entities on the sanctions list may be useful to obtain more information about the nature and purpose of the business relationship, the source and destination of the funds, and the beneficial ownership and control structure of the entity. However, enhanced due diligence does not replace the obligation to freeze the funds or assets of the designated persons and entities14.
Option C is not an appropriate step to comply with sanctions requirements, but rather a violation of the obligation to freeze the funds or assets of the designated persons and entities. Changing the risk profile to "high-risk" if an existing customer becomes a sanctioned entity and continuing to monitor further transactions may expose the financial institution to legal and reputational risks, as well as potential sanctions evasion or circumvention. The financial institution should terminate the business relationship with the designated person or entity and freeze their funds or assets without delay1 .

NEW QUESTION # 38
Which situation involving a vendor presents increased AML and/or sanctions risk to an organization?

A. The vendor is organized as a privately held company.
B. The vendor has no individuals that own or control more than 10% of the company.
C. The vendor provides services to end users located in an area subject to economic sanctions.
D. The vendor's sales representative was a refugee from a sanctioned jurisdiction as a child.

Answer: C

Explanation:
Businesses must not engage with entities in sanctioned jurisdictions without proper licensing.
Option D (Correct): Providing services to sanctioned areas exposes an organization to OFAC or EU penalties.
Option A (Incorrect): Personal history does not necessarily indicate AML risk.
Option B (Incorrect): Lack of individual ownership above 10% does not inherently indicate risk.
Option C (Incorrect): Private ownership alone does not pose an AML concern.

NEW QUESTION # 39
What is the appropriate compliance control for identifying politically exposed persons (PEPs) according to the Basel Committee's paper on Customer Due Diligence for Banks?

A. Reviewing relationships at account opening and on a periodic basis
B. Requiring that the customer discloses that they are a PEP or an associate of a PEP
C. Determining that a local figure is a PEP
D. Reviewing when a relationship is established

Answer: A

Explanation:
According to the Basel Committee's paper on Customer Due Diligence for Banks1, banks should review their existing customer relationships on a regular basis, especially for higher risk categories of customers or business relationships. This includes identifying whether the customer or the beneficial owner is a PEP, either at the account opening stage or later, as a result of a change in the customer's circumstances or profile. The paper also states that banks should apply a risk-based approach to determine the appropriate level and type of due diligence depending on the risk profile of the customer or the beneficial owner.
References:
* Basel Committee on Banking Supervision, Customer due diligence for banks, October 20011
* FATF Guidance: Politically Exposed Persons (Recommendations 12 and 22), June 20132
* ACAMS, CAMS Examination Study Guide, 6th Edition, Chapter 4
Reference: http://www.menafatf.org/sites/default/files/Newsletter/PEPs_in_relat_on_to_AMLCFT.pdf

NEW QUESTION # 40
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