Certified Anti-Money Laundering Specialist

Here you have the best ACAMS CAMS practice exam questions

You have 610 total questions to study from
Each page has 5 questions, making a total of 122 pages
You can navigate through the pages using the buttons at the bottom
This questions were last updated on November 21, 2025
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Question 1 of 610

A bank account is established for a new business customer. The business was established five years ago with an address in another state. The business website contains few details other than stating it is a real estate business.
One principal has an international telephone number and appears to be living in another country. The other principal works out of a recreational vehicle.
What warrants enhanced due diligence in this scenario?

Shell company

Human trafficker

Politically exposed person

Money laundering through real estate

Correct Answer: A

Question 2 of 610

A branch manager for a small community bank has a new customer who deposits four EUR 50,000 checks into one account. Shortly thereafter, the customer goes to another branch and asks to transfer all but EUR 1,500 to three accounts in different foreign jurisdictions.
Which suspicious activity should be the focus of the suspicious transaction report?

The customer opened the account with four large checks

The customer goes to a different branch to make this transaction

The customer transfers almost all of the funds out of the account

The customer asks to transfer funds to accounts in three different foreign jurisdictions

Correct Answer: D

Question 3 of 610

A government has instituted new anti-money laundering laws which require all financial institutions to obtain certain information from its customers.
Which step should an institution located in this jurisdiction take to ensure compliance?

Change procedures to require that the necessary information is obtained

Change procedures and systems as necessary and provide employee training

Send a notice to customers asking them to provide the necessary information

Change systems to ensure the required information is automatically obtained from all customers

Correct Answer: B

Question 4 of 610

An anti-money laundering audit identifies a significant weakness in how transaction monitoring alerts are cleared. Audit sampling identified potentially suspicious activity that was cleared as not suspicious. Management accepts the audit finding and develops a remediation plan.
What is the role of the auditor during the correction phase?

Directing the remediation of the deficiency in a timely manner

Developing procedures to provide sufficient risk-based documentation for clearing alerts

Providing training to the alert clearing department on the importance of effective alert clearing

Validating the successful remediation of the issue once management indicates the issue is resolved

Correct Answer: D

Question 5 of 610

Which method to launder money through deposit-taking institutions is closely associated with international trade?

Forming a shell company

Using Black Market Peso Exchange

Structuring cash deposits/withdrawals

Investing in legitimate businesses with illicit funds

Correct Answer: B