CAMS exam is offered by the Association of Certified Anti-Money Laundering Specialists (ACAMS).To help you best prepare for your CAMS Certification exam, Passcert provides valid and latest CAMS Certification Dumps to help you pass the Certified Anti-Money Laundering Specialist (CAMS) exam easily, all CAMS Q&As are collected from real test which can ensure your success in the first time.
Certified Anti-Money Laundering Specialist (CAMS) Certification
To become an anti-money laundering specialist, it is necessary to earn a finance related degree and pass the CAMS exam.The CAMS certification is the one and only credential for anti-money laundering specialists. By preparing and passing the CAMS exam, candidates strengthen their knowledge, expand their expertise and gain the competencies needed to better protect organizations and prevent crimes.
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.
CAMS Exam Content - Certified Anti-Money Laundering Specialist
The CAMS exam contains 120 multiple choice questions that candidates must complete within three and a half hours. There are no penalties for guessing and test takers are encouraged to avoid leaving any questions unanswered. The CAMS exam content includes questions on money laundering and terrorism financing techniques. This may appear in the form of questions regarding non-bank financial institutions, such as casinos and insurance companies, and also popular terrorist financing methods, such as NGO’s and charities. Questions about compliance programs will touch on risk models, assessments and procedural policies. Candidates will be asked how to maintain compliance programs through best practices, internal controls and ongoing training. Additional exam areas include investigation processes and national and global anti-money laundering laws.
What Does the CAMS Certification Exam Cover?
Each of the CAMS certification exam covers a broad range of topics, with CAMS examination questions focused on the following areas:
How to conduct and support a money laundering investigation
Elements of AML programming
AML/CTF risks and methods
Financial Action Task Force (FATF) recommendations for AML professionals
SAR and STR Filing
Money laundering and terrorism financing methods
International and regional compliance standards and current regulations
Free Share CAMS Certification Dumps Free Demo:
1.How do drug traffickers and other criminals use the fine art industry to disguise illicit proceeds?
A. They use forged or fraudulent invoicing of priceless works of art by auction houses
B. They commingle legitimate and illicit proceeds by principals for payment of fine art
C. They immediately resell priceless works of art after purchase from a foreign auction house
D. They use anonymous agents to buy the art and have the payment wired from offshore havens
Answer: D
2.An anti-money laundering specialist at a large institution is responsible for information senior management about the status of the anti-money laundering program across the organization.
Which report is the most useful?
A. The total credit exposure for non-cooperative countries and territories
B. Results of related audits and examinations
C. Details on inquires received from law enforcement
D. Notification of management changes in the different major divisions
Answer: B
3.What is most valuable when using the internet as an investigative source?
A. A team of AML investigators
B. A reference list of websites known to yield credible information
C. A combination of independent thinking and technical skills
D. A powerful search engine
Answer: B
4.What should senior management do in order to promote a culture of anti-money laundering compliance?
A. They should include compliance with AML procedures as condition of employment
B. They should attend all training sessions with front-line employment
C. They should have close ties with the independent auditors of the AML program
D. They should base employee compensation on the amount of suspicious activity they detect
Answer: A
5.What is the result of an increased awareness of the potential for gatekeepers to assist in money laundering in recent years?
A. The IMF has raised the profile of gatekeepers, requiring that countries regulate them
B. Lawyers who represent money launderers can more easily be prosecuted
C. Accountants are no longer considered gatekeepers, since they are not permitted to set up companies or trusts
D. The FATF recommendations cover lawyers performing financial transactions
Answer: B
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