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Certified Anti-Money Laundering Specialist (CAMS) - ACAMS Exam Questions

Last updated on July 22, 2026

97% Exam Compliance
394 Total Questions
1
Question
It is essential to identify any "family members" or "close associates" of politically exposed persons (PEPs) as part of the KYC/CDD process because they could be:
Options
A travelling to offshore jurisdictions often on holiday which exposes them to higher risks for AML.
B in a position to provide more information regarding the PEP's whereabouts and hidden properties.
C executing cross-border transactions for their own business which is not commensurate to the PEP's wealth.
D used as intermediaries to facilitate bribery or corruption or to conceal the illicit wealth of the PEP.
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2
Question
Which risk factors should a financial institution (FI) examine for a new corporate customer intending to open a new bank account? (Select Three.)
Select 3
Options
A The identity of senior managing officials and all individuals authorized to operate the account
B The employment profiles and information of all employees of the new customer
C The type of business the corporate customer is engaged in
D The country or location where the customer is from or conducts business
E All the financial institutions where the new customer currently banks or banked previously
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3
Question
Which statement is the most accurate describing who must comply with Office of Foreign Assets Control (OFAC) sanctions?
Options
A All US citizens except those with dual nationality, US permanent residents, all US incorporated entities, and all individuals within the United States
B All US citizens and permanent residents regardless of where they are located, all US incorporated entities excluding their foreign branches, and all individuals and entities within the United States
C All US citizens and permanent residents while located in the US, all US incorporated entities and their foreign branches, and all individuals within the United States
D All US citizens and permanent residents regardless of where they are located, all US incorporated entities and their foreign branches, and all individuals and entities within the United States
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4
Question
An international bank is headquartered in Madrid, Spain with an office in New York City (NYC), US. The Madrid office is investigating a transaction originating from a customer of the NYC office and inquires whether the NYC office can share any relevant further information on the individual. Upon further research, the NYC office finds that they have filed a suspicious activity report (SAR) on the individual in the previous year.

Which factors need to be considered before sharing the requested information? (Select Two.)
Select 2
Options
A The bank should consider jurisdictional privacy requirements and its own policies and procedures to determine what information to share.
B The bank should report this to the Financial Crimes Enforcement Network (FinCEN) and receive formal guidance before sharing the information.
C The information should only be shared on a need-to-know basis.
D The foreign bank must always request approval by its national anti-financial crime authority to share any information cross-border.
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5
Question
A key advantage of privacy enhancing technologies (PETs) in anti-money laundering is that they offer:
Options
A full access to underlying data with full and uninterrupted calculations made on the data.
B secure processing of data while it remains encrypted.
C simultaneous encryption and decryption for underlying data.
D transfer, decryption and storage of data by the data processor.
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