Quiz 2025 CAMS: Certified Anti-Money Laundering Specialists Newest New Mock Test

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ACAMS CAMS (Certified Anti-Money Laundering Specialist) exam is a globally recognized certification program designed for professionals who deal with anti-money laundering (AML) compliance. Certified Anti-Money Laundering Specialists certification is a standard that is widely recognized by financial institutions, government agencies, and other organizations that are committed to preventing financial crimes. The CAMS Exam is a rigorous test that measures an individual’s knowledge and expertise in AML policies and procedures.

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ACAMS Certified Anti-Money Laundering Specialists Sample Questions (Q739-Q744):

NEW QUESTION # 739
Combating the Financing of Terrorism (CFT)]
A customer of a bank is an established art dealer. Within the KYC due diligence processes, which constitutes a triggering event that requires ongoing due diligence on this client?

A. The customer specializes in art sale and hire, and recently started an art selection consulting service.
B. The customer keeps adding artwork service providers to the payment beneficiary list.
C. The customer moves their headquarters from New Zealand to China and opens a branch in Malaysia.
D. The owner wants to exchange foreign currency for an overseas business travel.

Answer: C

Explanation:
The customer's relocation and expansion to different jurisdictions constitutes a triggering event that requires ongoing due diligence on this client, as it may indicate changes in the customer's risk profile, business activities, or beneficial ownership. The bank should update the customer's information, verify the identity and legitimacy of the new entities, and assess the level of money laundering and sanctions risks associated with the new locations12. The other options are not triggering events, as they are either consistent with the customer's normal business operations or do not affect the customer's risk profile.
References:
ACAMS CAMS Certification Study Guide, 6th Edition, Chapter 4, page 931
ACAMS CAMS Certification Video Training Course, Module 4, Lesson 22

NEW QUESTION # 740
During a law enforcement investigative interview regarding potential money laundering, the suspect starts making assertions and statements that the investigator believes are false.
How should the investigator respond?

A. Inform the suspect that deception is obvious and continue the interview
B. Advise the suspect that the interview will be terminated if there is suspicion of deception
C. Direct the interview in another direction until there is better rapport before returning back to the troubling question
D. Ask question of a material nature about the suspected false statements without revealing the suspected deception

Answer: D

Explanation:
QUE According to the ACAMS Study Guide, one of the skills of an effective AML investigator is to conduct investigative interviews using appropriate techniques and methods1. One of the techniques is to use open-ended questions that elicit detailed responses from the interviewee, and to avoid leading or suggestive questions that may reveal the investigator's assumptions or suspicions1. Therefore, the best option is to ask question of a material nature about the suspected false statements without revealing the suspected deception, as this would allow the investigator to gather more information and evidence, and to test the consistency and credibility of the interviewee's answers.
The other options are not advisable or effective, because:
A . Informing the suspect that deception is obvious and continuing the interview is not a good strategy, because it may antagonize the suspect and make them less cooperative or more defensive. It may also alert the suspect to the investigator's knowledge and sources, and give them an opportunity to change or modify their story2.
B . Advising the suspect that the interview will be terminated if there is suspicion of deception is not a good strategy, because it may create a negative impression of the investigator and the investigation, and it may discourage the suspect from providing any useful information. It may also imply that the investigator has insufficient evidence or authority to pursue the case2.
C . Directing the interview in another direction until there is better rapport before returning back to the troubling question is not a good strategy, because it may waste time and resources, and it may lose the focus and momentum of the investigation. It may also signal to the suspect that the investigator is not confident or competent, and it may give the suspect a chance to prepare or rehearse their answers2.
Reference:
1: ACAMS Study Guide, 6th Edition, Chapter 4: Conducting and Supporting the Investigation, page 105. 2: 46 AML Investigator Interview Questions (And Sample Answers)

NEW QUESTION # 741
In 2004, Consolidated KYC Risk Management was issued by the Basel Committee on Banking Supervision (BCBS). What is a key message in this document?

A. KYC Risk Management required a yearly consolidation effort
B. Consolidated KYC risk management for a group is critical and trumps jurisdictional rules hat limit information sharing
C. Policies and procedures should be designed not merely to comply strictly with all relevant laws and regulations
D. KYC Risk Management means as established decentralized process for promulgating policies and procedures

Answer: C

NEW QUESTION # 742
The product department of an insurance company proposes launching a special life insurance product with investment elements that allow clients to instruct payments to unknown third parties via partner financial institutions. The product department seeks fast-track approval from compliance to ensure quick market launch.
What is the best course of action from a compliance perspective?

A. Do not sign off on the product because it contains the option to make payments to unknown third parties, which carries a high money laundering risk.
B. Do not sign off on the product because the compliance department was not involved from the beginning of the product development process, which is a severe governance violation.
C. Sign off on the product quickly to gain a competitive advantage while evaluation by compliance can be completed later.
D. Sign off on the product because client KYC is complete, and unknown individuals can be added or removed throughout the duration of the contract.

Answer: A

Explanation:
The life insurance industry is vulnerable to money laundering and terrorist financing, especially when policies allow payments to unknown third parties.
Option A (Correct): Allowing policyholders to transfer funds to unknown third parties increases the risk of money laundering. FATF and EU AML Directives highlight life insurance policies as high-risk products.
Option B (Incorrect): Completing KYC does not eliminate risk. Customers can use legitimate insurance products for illicit purposes.
Option C (Incorrect): While governance violations should be addressed, the main concern here is money laundering risk, not the compliance team's involvement in product development.
Option D (Incorrect): Fast-tracking approval without proper risk assessment creates regulatory and reputational risks.

NEW QUESTION # 743
A financial institution's monitoring system triggers an alert and an internal investigation has confirmed the activity as suspicious. Which of the following should an anti-money laundering specialist do before submitting the suspicious transaction report?

A. Contact the customer for further information without disclosing the suspicion.
B. Add information related to the suspicious activity to the customer's account-opening file.
C. Check with other financial institutions in accordance with the relevant law.
D. Secure documents related to the suspicious circumstances and the decision to report.

Answer: D

Explanation:
The anti-money laundering specialist should secure all the documents related to the suspicious activity and the decision to report before submitting the suspicious transaction report (STR). This is to ensure that the evidence is preserved, the confidentiality is maintained, and the audit trail is documented. The documents may include the customer identification, transaction records, account statements, monitoring alerts, investigation reports, and any other relevant information12.
Checking with other financial institutions, adding information to the customer's file, or contacting the customer are not appropriate actions to take before submitting the STR. These actions may compromise the confidentiality of the report, alert the customer of the suspicion, or interfere with the investigation by the competent authorities12.
1: ACAMS (2020), Study Guide for the Certification Examination, 6th Edition, ACAMS, Miami, FL, USA, www.acams.org/en/cams-certification-package-6th-edition, pp. 35-36. 2: ACAMS (2020), CAMS Examination Preparation Video, 6th Edition, ACAMS, Miami, FL, USA, www.acams.org/en/cams- certification-package-6th-edition, Module 2.

NEW QUESTION # 744
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Quiz 2025 CAMS: Certified Anti-Money Laundering Specialists Newest New Mock Test

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ACAMS Certified Anti-Money Laundering Specialists Sample Questions (Q739-Q744):

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