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Overview

Course Description

Certification: Certified Anti-Money Laundering Specialist (CAMS)
Provider: ACAMS
Exam format: 120 multiple-choice questions
Duration: 3.5 hours
Passing score: 75 (check the current candidate handbook before booking)
Eligibility: ACAMS currently states that candidates need an active membership and 40 eligibility credits.
Package price: ACAMS lists different prices by sector; verify the current price on the official website.

Course Questions

10 Questions

What is the primary objective of an anti-money laundering (AML) program?

A. To detect, prevent, and report suspected proceeds of crime and related financial activity B. To guarantee that no customer ever commits fraud C. To maximize customer onboarding speed D. To replace all law-enforcement investigations

Which sequence best describes the traditional stages of money laundering?

A. Screening, freezing, and prosecution B. Placement, layering, and integration C. Identification, verification, and settlement D. Collection, taxation, and distribution

What does a risk-based approach require an institution to do?

A. Accept every customer who provides identification B. Review only transactions above one fixed threshold C. Apply controls proportionate to the assessed money-laundering and terrorist-financing risks D. Apply identical controls to every customer regardless of risk

What is the main purpose of customer due diligence (CDD)?

A. Predict a customer's investment returns B. Confirm that the customer will never generate a suspicious transaction C. Avoid collecting beneficial ownership information D. Understand who the customer is, the purpose of the relationship, and the expected activity

Who is a beneficial owner in an AML context?

A. The natural person who ultimately owns or controls a customer or on whose behalf a transaction is conducted B. Any employee who processes a payment C. Only the person listed first on a company website D. The external auditor of a company

When is enhanced due diligence (EDD) generally appropriate?

A. Only when a customer requests faster service B. When a customer, relationship, geography, product, or transaction presents higher risk C. For every low-risk customer as a substitute for CDD D. Only after a conviction has occurred

What is the purpose of ongoing transaction monitoring?

A. Replace customer identification at onboarding B. Eliminate the need for investigations C. Identify activity that may be inconsistent with a customer's profile or indicate suspicious behavior D. Automatically prove that a crime occurred

What should an analyst do when an alert is generated?

A. Close it immediately because the system generated it B. Tell the customer that they are under suspicion C. File a report for every alert without analysis D. Review relevant facts, investigate the activity, document the rationale, and escalate under policy

What is a suspicious transaction report (STR/SAR) intended to do?

A. Communicate activity suspected of being linked to crime or other reportable misconduct to the competent authority B. Prove guilt in court C. Notify the customer that their account will be closed D. Replace all internal case records

Why is tipping off generally prohibited?

A. It requires all alerts to be disclosed publicly B. It can compromise an investigation and allow a subject to conceal or move assets C. It makes customer service slower D. It prevents an institution from documenting an alert

₹4999.00 ₹1999.00

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CAMS : Certified Anti-Money Laundering Specialist