Certified Anger Management Specialist-II (CAMS-2) - ACAMS Actual Exam Questions
Last updated on May 13, 2026
Which statement best describes an organizational challenge for law enforcement agencies and Financial Intelligence Units (FIUs) when conducting cross-border money laundering (ML) investigations?
Defining a common communication approach and language between all involved parties.
Delays in the investigation due to a foreign FIU awaiting the results of queries performed by third parties.
Conducting an investigation in all countries through which ML funds were transferred when one or more of the countries do not have an FIU.
Investigations which involve high-ranking politicians, who often have influence over the local FIU.
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Common risks associated with cryptocurrency and convertible virtual currencies include: (Select Three.)
Funds being stolen from other users
Difficulty converting into physical currency
Obscuring the source of illicit funds
Facilitating payment for other illicit activities and goods
Layering transactions to hide the origin of funds derived from illicit activity
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Which services provided by an accounting firm could be considered as higher risk from a financial crime perspective? (Choose three.)
Forming a trust on behalf of a customer with a complex setup and acting as a nominee director
Auditing a firm that provides payroll software to large corporate customers
Preparing financial statements for a listed or a privately owned firm
Providing tax advice to an international customer hoping to move their assets out of their home country
Assisting an offshore corporation from a jurisdiction with no available beneficial owner information to buy property in the UK
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An EU Trust and Company Service Provider analyst notices some unusual activity while looking through a customer's financial statements and detailed general ledger. The customer is in the business of importing and exporting machineries. Which transaction indicator warrants further escalation to the compliance officer?
The payment of company secretarial retainer fees to a foreign company in a tax-efficient jurisdiction
The payment of virtual offices services overseas
Inter-company loans from the holding company to the subsidiary company to finance the shipment of machinery
The payment of consultancy fees to unrelated companies and service providers established in a foreign jurisdiction
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Which attributes are typically used to assess the vulnerability to money laundering risk of products offered by an insurer? (Choose three.)
Purpose and intended use
Liquidity
Age of the beneficiary
Customer anonymity or third-party transactions
Length of waiting period
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