CAMS CERTIFICATION PRACTICE
SOLUTION 2026 STUDY GUIDE GRADED A+
●● The three stages of money laundering are:
A) Layering, Placement, Refining
B) Placement, Refining, Integration
C) Refining. Integration, Layering
D) Integration, Layering, Placement. Answer: D
●● Which of the following would be satisfactory elements of an Anti-
Money Laundering Program?
I - A CAMS certified employee in the Investigations Unit writes up a
few policies and procedures and posts them on the department bulletin
board.
II - Shortly after attaining their CAMS certification, the individual
provides AML training to the Investigations Unit.
,III - The CAMS certified individual routinely reviews the work of the
Investigations Unit.
IV - The CAMS certified individual assumes the responsibility of a
compliance watchdog.
A) All of the above would be satisfactory
B) II and IV would be satisfactory
C) I and III would be satisfactory
D) None of the above would be satisfactory
,The correct answer would be "D - None of the above would be
satisfactory."
I - The AML program must be approved by the Board of Directors.
II - An AML training program is required of all personnel (and contrac.
Answer: D
●● In determining what risks a customer poses, which consideration
should NOT be a major factor?
A) Where the customer resides or where the business is headquartered.
, B) What is the size of your financial institution.
C) What occupation or type of business does the customer derive their
income from.
D) What are the customer's ethnic heritage, sexual orientation and
political beliefs.
SOLUTION 2026 STUDY GUIDE GRADED A+
●● The three stages of money laundering are:
A) Layering, Placement, Refining
B) Placement, Refining, Integration
C) Refining. Integration, Layering
D) Integration, Layering, Placement. Answer: D
●● Which of the following would be satisfactory elements of an Anti-
Money Laundering Program?
I - A CAMS certified employee in the Investigations Unit writes up a
few policies and procedures and posts them on the department bulletin
board.
II - Shortly after attaining their CAMS certification, the individual
provides AML training to the Investigations Unit.
,III - The CAMS certified individual routinely reviews the work of the
Investigations Unit.
IV - The CAMS certified individual assumes the responsibility of a
compliance watchdog.
A) All of the above would be satisfactory
B) II and IV would be satisfactory
C) I and III would be satisfactory
D) None of the above would be satisfactory
,The correct answer would be "D - None of the above would be
satisfactory."
I - The AML program must be approved by the Board of Directors.
II - An AML training program is required of all personnel (and contrac.
Answer: D
●● In determining what risks a customer poses, which consideration
should NOT be a major factor?
A) Where the customer resides or where the business is headquartered.
, B) What is the size of your financial institution.
C) What occupation or type of business does the customer derive their
income from.
D) What are the customer's ethnic heritage, sexual orientation and
political beliefs.
