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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
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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2
Question
Which collective body of Financial Intelligence Units (FlUs) was formed with an objective to improve Information exchange and sharing mechanisms among member FlUs as well as to support its members by enhancing their capabilities'?
Options
A The Wolfsberg Group
B The Egmont Group
C The Organisation for Economic Co-operation and Development (OECD)
D The International Monetary Fund (IMF)
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3
Question
Public-private partnerships (PPPs) that involve the sharing of information between law enforcement authorities. Financial Intelligence Units (FIUs), and the private sector are established to: (Choose two.)
Select 2
Options
A exchange strategic information between financial institutions
B create a common database of key information and share analysis of suspicious activities with FATF
C exchange operational information between public authorities and obliged entities
D exchange strategic information between FlUs and obliged entities
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4
Question
Why is the prevention of financial crime so important?
Options
A Financial crime prevention processes make the onboarding process for clients unnecessarily burdensome and complex but create work
B Financial crime does enormous damage to society, undermining market integrity and consumers' and market participants' confidence
C Financial crime prevention is important as it reduces costs and improves customer services.
D Financial crime risk incidents always result in fines and losses for the financial firm
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5
Question
Which of the following best describes the degree of cooperation between regulatory authorities, law enforcement agencies, and Financial Intelligence Units (FIUs) during money laundering investigations, including cross-border cases?
Options
A FIUs primarily handle reporting from financial institutions, while regulatory authorities and law enforcement agencies are limited to enforcing domestic AML laws without international cooperation.
B Law enforcement agencies and FIUs only cooperate during domestic investigations, leaving cross- border investigations to international organizations like INTERPOL.
C Regulatory authorities primarily work independently but share information when requested by international law enforcement agencies.
D Regulatory authorities, law enforcement agencies, and FIUs share intelligence and coordinate efforts to streamline cross-border money laundering investigations, often through formal agreements.
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