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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 Jul. 22, 2026 (see below)
An oil exploration company based in France does business with oil refineries in Iran, which is subject to comprehensive Office of Foreign Assets Control (OFAC) sanctions.
What type of OFAC sanctions should be imposed against the French company?
A compliance analyst has recently investigated an account where money was deposited in amounts below the reporting limit and almost entirely withdrawn in a foreign country.
Which type of money laundering is the compliance analyst potentially identifying?
What are the primary advantages of using open-source tools in financial crime investigations? (Choose two.)
Open-source tools offer cost-effective access to diverse data sources, making them valuable for financial crime investigations. They also support partial automation of data collection and analysis, reducing manual effort and improving efficiency in identifying suspicious patterns or links.
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.
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