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Last Update 1 hour ago Total Questions : 229
The Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) content is now fully updated, with all current exam questions added 1 hour ago. Deciding to include CAMS practice exam questions in your study plan goes far beyond basic test preparation.
You'll find that our CAMS exam questions frequently feature detailed scenarios and practical problem-solving exercises that directly mirror industry challenges. Engaging with these CAMS sample sets allows you to effectively manage your time and pace yourself, giving you the ability to finish any Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) practice test comfortably within the allotted time.
An agent of a wealthy individual residing in Country A, which is on the EU list of high-risk third jurisdictions, approaches a notary in Country B, which is in the EU. The agent wants to complete a disposal of assets recently acquired at auction by the wealthy individual through an offshore company. The agent also has a power of attorney to act on behalf of the offshore company issued by a respectable law firm from Country C, which is also in the EU. The agent asks the notary to proceed with the disposal as quickly as possible without paying any specific attention to related costs or taxes to be paid as a result of this transaction. The notary notices the intended transfer price is significantly lower than the one recorded at auction, but the agent does not want to discuss this matter and claims that it is not covered by the power of attorney.
Which red flags should the notary consider? (Select Two)
A compliance officer at a large bank has been tasked with investigating a series of unusual transactions involving a long-time customer. The customer has made several large cash deposits into multiple accounts within a short period, raising red flags. After gathering and analyzing transaction data, reviewing customer records, and cross-referencing external sources, the compliance officer determines that there is a reasonable suspicion of money laundering. As part of documenting this investigation, the compliance officer must decide how and when to escalate the matter internally and whether to file a suspicious activity report (SAR).
What is the next critical step in this process?
Which customer actions are red flags for virtual currency peer-to-peer transactions? (Choose two.)
A financial institution's transaction monitoring system flags an unusually high volume of international wire transfers originating from a small business account. The transfers are being sent to multiple jurisdictions known for limited regulatory oversight. Additionally, an employee reports suspicious behavior from the account holder during an in-person visit, where they requested a large cash withdrawal without providing a clear business justification. As part of the investigation, the compliance team must assess whether this activity is suspicious and determine the appropriate next steps.
Which of the following steps should be taken first in the investigation process to properly gather information and assess whether the transactions are suspicious?
Which of the following are part of a risk-based approach? (Select Three.)
Financial crime risk related to the use of "hawalas" can stem from: (Choose two.)
When services are provided by a trust and company service provider (TCSP) connected to a high-risk country, which of the following may present an immediate financial crime risk concern?
