Free Preparation Discussions
MENU
ACAMS Exam Questions
- Topic 1: Risks andMethods of Money Laundering and Terrorism Financing: This section measures the skills of Anti-Money Laundering Specialist and covers definitions of AML CFT sanctions and related financial crime concepts. It includes how money laundering and terrorist financing occur across various sectors and products such as banking, insurance, real estate, gaming, high value items, and professional services. It also emphasizes recognizing the typical red flags and typologies associated with money laundering and financing terrorism, including emerging risks tied to technology and new methods of concealment.
- Topic 2: Building an Anti-financial Crime Compliance Program: This section measures the skills of Compliance Manager and focuses on designing, implementing, and governing an effective AFC program. Topics include the core pillars of AFC programs, the three lines of defense, risk appetite statements, and enterprise risk assessment. It covers building a risk-based approach, differentiating policies standards and procedures, staying aligned with regulatory guidance, and establishing governance through appropriate committees. It also covers FATF and UN roles, regulator and law enforcement coordination, and public-private partnerships for data sharing and collaboration across jurisdictions. The section then moves into detailed onboarding and ongoing controls, including KYC CDD EDD, sanctions screening, suspicious activity monitoring, and the use of AI/ML tools. It concludes with evaluating AFC tools, data quality, and the balance between customer experience and risk controls.
- Topic 3: Global AFC Frameworks Governance and regulations: This portion measures the skills of AFC Governance Lead and covers international and regional frameworks, regulatory bodies, and the coordination among regulators, FIUs, and law enforcement. Topics include KPIs KRIs and board reporting needs, cross-border reporting requirements, and the integration of controls across customer lifecycles. It also addresses the design and monitoring of controls such as KYC CDD EDD due diligence, and risk assessments across different products and services, including high-risk customers and jurisdictions. The section stresses the importance of awareness of AFC sanctions regimes across different regions, and the value of public-private collaboration for data and intelligence sharing.
- Topic 4: Tool Sand Technologies to Fight Financial Crime: This part covers practical capabilities for implementing AFC controls. It includes the selection and integration of tools across the customer lifecycle, data quality, and the use of digital onboarding and identity verification technologies. Topics include onboarding and ongoing screening sources such as credit references, beneficial ownership registers, adverse media, criminal records, and government identity checks, plus sanctions screening against UN OFAC EU lists and other watch lists. It also discusses ongoing controls like AI/ML-driven monitoring, list management, transaction screening including SWIFT and blockchain transactions, and the evolution from rules-based to AI-enhanced monitoring. The section also considers privacy data protection, tool selection, and the operational impact of deploying AFC technologies in a risk-based framework.
- Topic 5: Examination Day Operations and Ethics: This area outlines the practicalities of exam logistics and integrity. It covers scheduling, rescheduling, and refund policies, ID requirements, and the importance of exam security. It describes acceptable and prohibited items in test centers, center problem reporting, inclement weather procedures, and options for online proctoring where available. It also explains confidentiality, results reporting, retake policies, and the process for appeals in cases of denial or revocation. The section emphasizes the need to maintain the integrity of exam materials and to adhere to privacy and data protection standards during investigations and in reporting procedures.
Free Acams CAMS Exam Actual Questions
Note: Premium Questions for CAMS were last updated On Jun. 05, 2026 (see below)
A compliance officer at a U.S. financial institution receives a grand jury subpoena requesting customer records related to an ongoing money laundering investigation involving a politically exposed person (PEP).
What should the compliance officer do first?
When a financial institution receives a grand jury subpoena, it is legally compelled to respond, but must do so in a controlled, lawful, and coordinated manner.
The first step is to consult with legal counsel to verify the subpoena's validity, scope, deadlines, and confidentiality requirements. Legal counsel ensures the institution responds accurately, protects privileged information, and complies with applicable laws.
Notifying the customer would constitute tipping off, which is prohibited. Immediate disclosure without legal review may result in over-disclosure or violation of customer privacy laws. Filing a SAR may be appropriate depending on the facts, but it is not the first step and must not reference the subpoena.
This approach aligns with U.S. AML, BSA, and law enforcement cooperation requirements.
Which customer actions are red flags for virtual currency peer-to-peer transactions? (Choose two.)
Receiving funds from a decentralized mixer and using multiple incoming wires from different sources to purchase virtual currency are red flags, as they can indicate attempts to obscure the origin of funds and facilitate money laundering through virtual asset transactions.
What is the primary advantage of using a risk-based approach in allocating compliance resources?
The CAMS 6th Edition highlights that a risk-based approach enables organizations to efficiently allocate compliance resources, focusing efforts on areas presenting the highest risk, thereby ensuring both regulatory compliance and operational effectiveness.
''A risk-based approach allows firms to concentrate resources and controls where the risk of ML/TF is highest, while applying simplified measures to lower-risk areas. This enhances both effectiveness and efficiency.''
(CAMS 6th Edition, AML Compliance Program: Risk-Based Approach)
Incorrect Options:
A: Cost savings may occur, but it is not the main advantage.
B: Audits may still be required, just less frequently for low-risk customers.
D: Risk-based approaches are tailored, not standardized, across regions.
CAMS Study Guide 6th Edition, AML Compliance Program, ''Risk-Based Approach''
FATF Recommendation 1: Assessing risks and applying a risk-based approach
Which of the following is a benefit of public-private partnerships (PPP)?
Public-private partnerships (PPPs) are a key component of modern AML/CFT frameworks and are strongly encouraged by FATF and national regulators. Their primary benefit lies in enhancing timely and effective information sharing between financial institutions, regulators, law enforcement, and financial intelligence units (FIUs).
Through PPPs, authorities can share typologies, red flags, and emerging threat intelligence, while private institutions contribute operational insights derived from real transaction data. This rapid exchange of information on risks, high-risk activities, and suspicious actors significantly improves the detection and prevention of money laundering and terrorist financing.
PPPs do not exist to source staffing resources, provide salaries, or ensure basic understanding of regulatory concepts such as PEPs, which are already addressed through standard AML requirements. Their true value is the speed, quality, and relevance of shared intelligence, allowing participants to respond more effectively to evolving financial crime threats.
Which of the following are key components of the Know Your Customer (KYC) process? (Select Two.)
- Select Question Types you want
- Set your Desired Pass Percentage
- Allocate Time (Hours : Minutes)
- Create Multiple Practice tests with Limited Questions
- Customer Support
Ryan Garcia
5 days agoBarbara Scott
1 month agoMaria Anderson
2 months agoBrenda Anderson
1 month agoJustin Murphy
1 month agoRachel Parker
29 days agoLaura Hill
28 days agoDona
2 months agoAudrie
3 months agoJeannetta
3 months agoZena
3 months agoKenda
3 months agoWillow
4 months agoAlease
4 months agoJacki
4 months agoNieves
4 months agoTwila
5 months agoKing
5 months agoRegenia
5 months agoViola
5 months agoAnnabelle
6 months agoMyra
6 months agoMa
6 months agoCorinne
6 months agoAlton
7 months agoMalcolm
7 months agoLorrine
7 months agoMeghann
7 months agoJoanne
8 months agoTheodora
8 months agoSage
8 months agoCory
8 months agoMeaghan
9 months agoRosalia
9 months agoGregoria
9 months agoJulio
9 months agoDarrin
11 months agoShelba
12 months agoBeth
12 months agoTerrilyn
1 year agoRasheeda
1 year agoGermaine
1 year agoRodolfo
1 year agoPeggy
1 year agoLeandro
1 year agoPaola
1 year agoDaisy
1 year agoAaron
1 year agoShelba
1 year agoClemencia
1 year agoShalon
1 year agoBette
1 year agoEvelynn
1 year agoSarina
1 year agoAaron
1 year agoMaile
2 years agoSusy
2 years agoLeeann
2 years agoVal
2 years agoEvelynn
2 years agoNiesha
2 years agoSage
2 years agoNelida
2 years agoMalinda
2 years agoLacresha
2 years agoSantos
2 years agoPa
2 years agoWillard
2 years agoCorazon
2 years agoPeggy
2 years agoDesire
2 years agoFausto
2 years agoMendy
2 years agoLeonora
2 years agoNickolas
2 years ago