ACAMS Practice Questions With Correct Answers — CAMS Certification Exam Prep Guide (Latest Version) — A comprehensive and exam-focused resource designed to support candidates preparing for the ACAMS Certified Anti-Money Laundering Specialist (CAMS) exam.

ACAMS Practice Questions
With Correct Answers.

The USA PATRIOT Act was passed in: - (correct answer) - C
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A) 1970 b




B) 1985 b




C) 2001 b




D) 2007 b




D - (correct answer) -The three stages of money laundering are:
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A) Layering, Placement, Refining
b b b




B) Placement, Refining, Integration
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C) Refining. Integration, Layering
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D) Integration, Layering, Placement
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D - (correct answer) -Which of the following would be satisfactory elements of an Anti-Money Laundering
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Program?
b

,I - A CAMS certified employee in the Investigations Unit writes up a few policies and procedures and posts
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them on the department bulletin board.
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II - Shortly after attaining their CAMS certification, the individual provides AML training to the
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Investigations Unit.
b b




III - The CAMS certified individual routinely reviews the work of the Investigations Unit.
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IV - The CAMS certified individual assumes the responsibility of a compliance watchdog.
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A) All of the above would be satisfactory
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B) II and IV would be satisfactory
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C) I and III would be satisfactory
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D) None of the above would be satisfactory
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,The correct answer would be "D - None of the above would be satisfactory."
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I - The AML program must be approved by the Board of Directors.
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II - An AML training program is required of all personnel (and contractors).
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III - The review of the bank's Financial Intelligence Department, as part of the audit of the AML program,
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must be performed by an independent (and knowledgeable) party.
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IV - The Compliance Officer must be appointed by the Board of Directors (or upper management with the
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Board's approval).
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D - (correct answer) -In determining what risks a customer poses, which consideration should NOT be a
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major factor?
b b




A) Where the customer resides or where the business is headquartered.
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B) What is the size of your financial institution.
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, C) What occupation or type of business does the customer derive their income from.
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D) What are the customer's ethnic heritage, sexual orientation and political beliefs.
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