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                     Acams
CAMS Exam Study Material
Certified Anti-Money Laundering Specialist
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Why  You  and  Your  Team  Shoulld  Earn  an  AML  Certiifiicatiion?
The Certified Anti-Money 
Laundering Specialist (CAMS) 
credential is the gold standard in 
AML certifications and 
recognized internationally by 
financial institutions, 
governments and regulators as a 
serious commitment to 
protecting the financial system 
against money laundering.
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IInstiitutiions  wiith  CAMS-certiifiied  complliiance  teams  can:
 Drive a culture of compliance from the top down by building highly 
skilled teams staffed with subject matter experts
 Demonstrate to regulators and examiners their dedication to a 
standardized risk-based approach for protecting against money 
laundering threats and financial crime risks
 Meet mandated AML training requirements through preparation and 
study and satisfy ongoing training through recertification and 
advanced certification activities
 Safeguard more effectively against financial and reputational 
damage
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The CAMS Examination Study 
Guide
The CAMS study guide is your main resource for 
preparing for the examination. The study guide walks 
you through:
 Money laundering risks and methods, such as Black 
Market Peso Exchange and import and export price 
manipulation
 The Financial Action Task Force (FATF) 
Recommendations, the Basel Committee’s Report on 
Customer Due Diligence and the Wolfsberg Group 
Principles
 Important elements of an Anti-Money Laundering 
(AML) program
 How to conduct and support a money laundering 
investigation
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Question: 1
An anti-money laundering expert is hired by a new Internet bank to assess the money 
laundering threat to the bank. What is the most important recommendation for the 
expert to make given it is an on-line bank?
A. The bank should limit the amount of money which can be processed per 
transaction
B. The bank should ensure that prospective new customers can be properly 
identified
C. The bank should set up automated programs to analyze transactions for money 
laundering activity
D. The bank should ensure that a firewall is set up to protect the transactions
Answer: A
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Question: 2
Why is the Mutual Legal Assistance Treaty (MLAT) a gateway for international 
cooperation?
A. They provide a legal basis for transmitting evidence that can be used for 
prosecution and judicial proceedings
B. They receive reports of suspicious transactions from financial institutions to 
disseminate to local Law enforcement and foreign FIUs
C. They obtain intelligence that might lead to evidence
D. They issue the Prmc4es of Information Exchange Between Financial intelligence 
Units (FIUs)
Answer: A
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Question: 3
Which element is generally required of all anti-money laundering programs?
A. A computer-based suspicious activity monitoring system
B. A qualified compliance officer to manage the program
C. Annual in-person AML training for all employees
D. An enhanced due diligence program for all new customers
Answer: B
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Question: 4
A customer has held an account at a local credit institution for 10 years. The 
account has received deposits twice weekly for the same amount and has never 
shown signs of suspect behavior. Monitoring software indicated that in the past 
few months the account has received several large deposits that were not in 
line with the account history. When asked, the customer states she recently 
sold a piece of property, which is supported with a proof of sale. What should 
the compliance officer do next?
A. Investigate these unusual transactions further
B. Contact the local FIU for advice
C. File an STR with the competent authorities
D. Document reasons for not filing a STR
Answer: C
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Question: 5
What is one recommendation of the Basel Committee’s 2001 paper Customer 
Due Diligence for Banks”?
A. Numbered accounts should not be allowed
B. Certain types of private banking can be exempt from KYC procedures
C. Banks should develop dear descriptions of acceptable customers
D. Politically Exposed Persons (PEPs) should not be accepted as customers
Answer: C
Acams
CAMS Exam Study Material
Certified Anti-Money Laundering Specialist
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