ACAMS Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) : CAMS7

  • Exam Code: CAMS7
  • Exam Name: Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition)
  • Updated: Sep 13, 2026     Q & A: 447 Questions and Answers

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ACAMS CAMS7 Exam Syllabus Topics:

SectionWeightObjectives
Building an AFC Compliance Program
Tools and Technologies to Fight Financial Crime
Understanding Risks and Methods of Financial Crime30%- Financial Crime Risks related to gatekeepers
- Financial Crime Risks related to insurance products
- Financial Crime Risks related to Politically Exposed Persons (PEPs) and high-risk customers
- Financial Crime Risks related to gaming and gambling
- Financial Crime Risks related to VASPs, cryptoassets, and related products
- Financial Crime Risks related to real estate
- Financial Crime Risks related to MSBs, PSPs, and ecommerce platforms
- Financial Crime Risks related to trusts and company service providers
- Financial Crime Risks related to products within other financial sectors
Global AFC Frameworks, Governance and Regulations- AML Regulatory Framework (Elective options: Canada, EU, UK, USA)

ACAMS Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) Sample Questions:

Question #1

The compliance department of a casino is reviewing recent transactions and has identified activities that may require further scrutiny. Which transaction would require further investigation?

  • A. A player who purchases USD 50,000 in chips using a combination of cash and a wire transfer from an international account, does not gamble, and then cashes out
  • B. A group of tourists who buy chips with credit cards and engage in high-stakes games before cashing out
  • C. A patron who regularly visits the casino, deposits small amounts of cash, and consistently requests to cash out winnings in high-value checks
  • D. An occasional visitor who plays low-stakes games using a prepaid debit card linked to a foreign account
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #2

A financial institution is exploring automation to assist investigators in reviewing flagged transactions. Currently, investigators spend a significant amount of time gathering data from multiple sources. Which of the following automation features would be most effective in improving investigator efficiency?

  • A. Automated case prioritization based on risk scoring
  • B. AI-powered dashboards summarizing flagged transactions
  • C. Pre-populated templates for SAR filing
  • D. Integration of open-source tools to gather real-time intelligence
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #3

In which of the following scenarios should the customer be deemed to have an overly complex ownership structure?

  • A. A privately held company owned by two individuals whose interests are held by a series of trusts and foundations
  • B. A customer that is owned by two families with the involvement of over a dozen owners within the families
  • C. A multinational correspondent bank that has three layers of ownership between it and a publicly traded bank holding company
  • D. A trust set up with two co-trustees, one of whom is the grantor and the other is a corporate service provider
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #4

A risk-based approach (RBA) to anti-financial crimes (AFC) involves understanding and managing risks by:

  • A. prioritizing regulatory compliance over customer experience and operational efficiency
  • B. applying uniform controls to all customers, regardless of their risk profile
  • C. allocating resources and implementing controls based on the level of identified risks
  • D. relying on automated systems to detect and mitigate AFC risks
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #5

Which characteristics of trust and company service providers (TCSPs) can potentially make them vulnerable to financial crime? (Select Three.)

  • A. They do not have to comply with AML regulations in most jurisdictions
  • B. Offering nominee directors may increase anonymity by concealing true ownership
  • C. They may market themselves specifically to criminals
  • D. Having minimal face-to-face contact with customers, particularly in offshore arrangements
  • E. Selling ready-made, off-the-shelf companies to offshore intermediaries
Reveal Solution  Discussion  0

Correct Answer: B,D,E  🗳️

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