Page 1 of 74
“CAMS EXAM 2026 ”LATEST EXAM 2026 – 2027
SOLVED QUESTIONS & ANSWERS VERIFIED
100% GRADED A+ (LATEST VERSION) WELL
REVISED 100% GUARANTEE PASS
CAMS Exam Practice Questions
In which three situations is correspondent banking most vulnerable to money
laundering? Choose 3
A. When allowing foreign banks to use the correspondent account to conduct
large financial transations on behalf of their customers B. When allowing the
correspondent bank account to be used as a payable through account (PTA)
C. When allowing the correspondent bank account to be used by other banks
D. When allowing financial institutions, without prior due dilligence, to access
correspondent network for routing their financial transactions
A, B, C
How does a regulatory body typically obtain international assistance in a
money laundering inquiry?
A. By filing a request under Egmont guidelines B. By submitting a request for
overseas assistance to the corresponding supervisory body C. By contacting
the FATF, Organization for Economic Co-operation and Development, or other
international organizations ans seeking their intervention D. By
communicating with the head of complinace for the financial institution
B
Federal law requires all US financial institutions to secure and maintain all
records and supporting documentation used in suspicious activity reporting
, Page 2 of 74
for how many years?
A. 2 B. 5 C. 10 D. No requirement
B
What is a major money laundering risk associated with a number of prepaid
cards as opposed to credit or debit cards?
A. The risk of losing the prepaid cards B. The inability to load the card with
cash C. The global access to cash through ATMs D. The anonymous access to
funds
D
An audit completed the previous week revealed that a private banking
customer submitted incomplete documents when establishing an account
earlier in the year. The cutomer received weekly electronic fund transfers
froma narcotic-producing jurisdiction. While the relationship manager who
opened the account is on leave for 5 weeks, the customer requests that the
institution remit a substantial sum to a country that represents a high risk for
money laundering. The relationship manager is a friend of the anti-money
laundering specialist. What the anti-money laundering officer do first?
A. File a suspicious transaction reprt with the competent authority B.
Investigate the transfer of funds C. Suspend the transfer until the relationship
manager returns D. Postpone the follow-up on the audit finding
A
Why would a credit card account likely not be used in the placement phase of
money laundering?
A. Customer Identification is required B. Cash payments are generally
restricted C. Credit refunds have a waiting period D. Credit cards can access
ATMs globally
B
What are some red flags financial institutions should be aware of when trying
to verify the identity of a customer? Choose 3
A. Customer having unusual documents from a foreign country B. Customer
being new to the community C. Customer having no permanent address D.
Customer not having a connected phone
A, C, D
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A compliance officer is looking to modify procedures covering correspondent
banking relationships. Which three would be recommended under the
Wolfsburg Principles on Correspondent Banking? Choose 3
A. Prohibition on offering products or services to shell banks B. Risk-based
rating of central and regional development banks C. Periodic risk-based
reviews of cents D. Assessing the regulatory status and history of the client
A, C, D
When an institutioon conducts an internal investigation into an account
following a law enforcement inquiry, it should consider a number of factors to
independently determine if the account should be closed. Which three
considerations should be made when making the determination about closing
an accoutn? Choose 3
A. The institution's policies and procedures for closing an account B. Oral
requests by a law enforcement agency or prosecutor for the account to be
closed C. signed written requests by a law enforcement agency or prosecutor
on official letterhead for the account to remain open D. The level of
seriousness of the underlying conduct
A, B, C
A profitable customer who operated an import-export business has multiple
accounts with the same institution at branches in different locations. The
customer receives funds from a jurisdiction perceived as highly corrupt
according to Transparency International ratings. The customer makes frequent
transfers among the accounts and prefers to manage the accounts separately.
What should the institution do to mitigate the risk associated with the
accounts?
A. File a suspicious transaction report B. Diminish the importance of the
subjective Transparency International rating C. Cnduct a trade-once
manpulation analysis D. Develop a system to monitor all the activity
A
What should be part of an institution's monitoring and STR filing process?
Choose 3
A. Review on a regular basis of all high-risk accounts and transactions B.
Review of STR filing trends and typologies C. Periodic training on the
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identification of red flags D. Requirement that the Board of Directors approve
the filing of an STR
A, B, C
A commission rogatoire would be used in which gateway to obtain information
from another country?
A. An FIU request under the Egmont principles B. An MLAT C. A supervisory
channel request with the Basel Committee D. A FATF request
A
The purpose of an anti-money laundering program should be to do what?
A. Detect all illegal activity perpetrated by customers B. Avoid criticism and
sanctions from government regulators C. Focus monitoring efforts on riskier
transaction and customers D. Detect and report cash structuring and
suspicious transactions
C
What facilitates law enforcement agents obtaining evidence from authorities in
a foreign country relating to criminal activity?
A. MLAT B. Patriot Act communications system C. The World Wide Network of
Information Sharing D. MLAT Executive Agreement
A
Which three entities does the Third European Union Money Laundering
Directive apply to?
A. Financial institutions B. Defense attorneys C. Casinos D. Real Estate Agents
A, C, D
Which two statements about the Wolfsburg Group are true?
A. It is composed of representatives of financial intelligence units from around
the world B. It focuses primarily on Know Your Customer, AML, and CTF
guidance C. It based its original guidance combating the laundering of
proceeds of narcotics trafficking D. It has no power to impose its
principles/guidance
B, D
After evaluating recent changes to international standards, an anti-money
laundering specialist should consider enhanced due diligence on accounts
held by which three groups of people?
“CAMS EXAM 2026 ”LATEST EXAM 2026 – 2027
SOLVED QUESTIONS & ANSWERS VERIFIED
100% GRADED A+ (LATEST VERSION) WELL
REVISED 100% GUARANTEE PASS
CAMS Exam Practice Questions
In which three situations is correspondent banking most vulnerable to money
laundering? Choose 3
A. When allowing foreign banks to use the correspondent account to conduct
large financial transations on behalf of their customers B. When allowing the
correspondent bank account to be used as a payable through account (PTA)
C. When allowing the correspondent bank account to be used by other banks
D. When allowing financial institutions, without prior due dilligence, to access
correspondent network for routing their financial transactions
A, B, C
How does a regulatory body typically obtain international assistance in a
money laundering inquiry?
A. By filing a request under Egmont guidelines B. By submitting a request for
overseas assistance to the corresponding supervisory body C. By contacting
the FATF, Organization for Economic Co-operation and Development, or other
international organizations ans seeking their intervention D. By
communicating with the head of complinace for the financial institution
B
Federal law requires all US financial institutions to secure and maintain all
records and supporting documentation used in suspicious activity reporting
, Page 2 of 74
for how many years?
A. 2 B. 5 C. 10 D. No requirement
B
What is a major money laundering risk associated with a number of prepaid
cards as opposed to credit or debit cards?
A. The risk of losing the prepaid cards B. The inability to load the card with
cash C. The global access to cash through ATMs D. The anonymous access to
funds
D
An audit completed the previous week revealed that a private banking
customer submitted incomplete documents when establishing an account
earlier in the year. The cutomer received weekly electronic fund transfers
froma narcotic-producing jurisdiction. While the relationship manager who
opened the account is on leave for 5 weeks, the customer requests that the
institution remit a substantial sum to a country that represents a high risk for
money laundering. The relationship manager is a friend of the anti-money
laundering specialist. What the anti-money laundering officer do first?
A. File a suspicious transaction reprt with the competent authority B.
Investigate the transfer of funds C. Suspend the transfer until the relationship
manager returns D. Postpone the follow-up on the audit finding
A
Why would a credit card account likely not be used in the placement phase of
money laundering?
A. Customer Identification is required B. Cash payments are generally
restricted C. Credit refunds have a waiting period D. Credit cards can access
ATMs globally
B
What are some red flags financial institutions should be aware of when trying
to verify the identity of a customer? Choose 3
A. Customer having unusual documents from a foreign country B. Customer
being new to the community C. Customer having no permanent address D.
Customer not having a connected phone
A, C, D
, Page 3 of 74
A compliance officer is looking to modify procedures covering correspondent
banking relationships. Which three would be recommended under the
Wolfsburg Principles on Correspondent Banking? Choose 3
A. Prohibition on offering products or services to shell banks B. Risk-based
rating of central and regional development banks C. Periodic risk-based
reviews of cents D. Assessing the regulatory status and history of the client
A, C, D
When an institutioon conducts an internal investigation into an account
following a law enforcement inquiry, it should consider a number of factors to
independently determine if the account should be closed. Which three
considerations should be made when making the determination about closing
an accoutn? Choose 3
A. The institution's policies and procedures for closing an account B. Oral
requests by a law enforcement agency or prosecutor for the account to be
closed C. signed written requests by a law enforcement agency or prosecutor
on official letterhead for the account to remain open D. The level of
seriousness of the underlying conduct
A, B, C
A profitable customer who operated an import-export business has multiple
accounts with the same institution at branches in different locations. The
customer receives funds from a jurisdiction perceived as highly corrupt
according to Transparency International ratings. The customer makes frequent
transfers among the accounts and prefers to manage the accounts separately.
What should the institution do to mitigate the risk associated with the
accounts?
A. File a suspicious transaction report B. Diminish the importance of the
subjective Transparency International rating C. Cnduct a trade-once
manpulation analysis D. Develop a system to monitor all the activity
A
What should be part of an institution's monitoring and STR filing process?
Choose 3
A. Review on a regular basis of all high-risk accounts and transactions B.
Review of STR filing trends and typologies C. Periodic training on the
, Page 4 of 74
identification of red flags D. Requirement that the Board of Directors approve
the filing of an STR
A, B, C
A commission rogatoire would be used in which gateway to obtain information
from another country?
A. An FIU request under the Egmont principles B. An MLAT C. A supervisory
channel request with the Basel Committee D. A FATF request
A
The purpose of an anti-money laundering program should be to do what?
A. Detect all illegal activity perpetrated by customers B. Avoid criticism and
sanctions from government regulators C. Focus monitoring efforts on riskier
transaction and customers D. Detect and report cash structuring and
suspicious transactions
C
What facilitates law enforcement agents obtaining evidence from authorities in
a foreign country relating to criminal activity?
A. MLAT B. Patriot Act communications system C. The World Wide Network of
Information Sharing D. MLAT Executive Agreement
A
Which three entities does the Third European Union Money Laundering
Directive apply to?
A. Financial institutions B. Defense attorneys C. Casinos D. Real Estate Agents
A, C, D
Which two statements about the Wolfsburg Group are true?
A. It is composed of representatives of financial intelligence units from around
the world B. It focuses primarily on Know Your Customer, AML, and CTF
guidance C. It based its original guidance combating the laundering of
proceeds of narcotics trafficking D. It has no power to impose its
principles/guidance
B, D
After evaluating recent changes to international standards, an anti-money
laundering specialist should consider enhanced due diligence on accounts
held by which three groups of people?
