[Apr-2026] Updated ACAMS CAMS7 Dumps – PDF & Online Engine [Q71-Q88]

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[Apr-2026] Updated ACAMS CAMS7 Dumps – PDF & Online Engine

CAMS7.pdf – Questions Answers PDF Sample Questions Reliable

NEW QUESTION 71
The role of FATF-style regional bodies (FSRBs) is to; (Select Three.)

identify and address the current financial crime trends through the issuance of typologies originating in members outside of their FSRB’s Jurisdiction.

provide AM L/C FT technical assistance needed by members in their FSRB junsdiction.

coordinate technical assistance for members in their FSRB jurisdiction

set and amend the FATF 40 Recommendations for members in their FSRB jurisdiction.

identify and address any gaps in the AML/CFT policies for members outside of their FSRB jurisdiction.

offer mutual evaluation and follow-up processes for members in their FSRB Jurisdiction.

NEW QUESTION 72
It is important to validate the “conceptual soundness” of an AML model in order to:

Verify alignment with regulatory guidance and industry best practices

Assess whether the model’s methodology and assumptions are logical and appropriate for detecting money laundering

Validate the statistical significance of the model’s predictive capabilities

Demonstrate compatibility with current technological infrastructure

NEW QUESTION 73
The compliance department of a casino is reviewing recent transactions and has identified activities that may require further scrutiny.
Which transaction would require further investigation?

A patron who regularly visits the casino, deposits small amounts of cash, and consistently requests to cash out winnings in high-value checks

A group of tourists who buy chips with credit cards and engage in high-stakes games before cashing out

A player who purchases USD 50,000 in chips using a combination of cash and a wire transfer from an international account, does not gamble, and then cashes out

An occasional visitor who plays low-stakes games using a prepaid debit card linked to a foreign account

NEW QUESTION 74
How do national risk assessments (NRAs) and sectoral risk assessments influence a financial institution’ s (FI’s) internal AML/CFT risk assessment?

An FI must demonstrate that the risks identified in its AML/CFT risk assessment are aligned with the NRA and sectoral risk assessments and that these risks are managed effectively

If a sectoral risk assessment is published, the FI must implement it directly across all subsidiaries and branches without modification

An FI’s AML/CFT risk assessment must be written and approved by the board of directors exactly as specified in the NRA and sectoral risk assessment

An FI must strictly adopt the exact risk factors, weightings, and methodologies from the NRA and sectoral risk assessment without adjustment

NEW QUESTION 75
The Wolfsberg Group’s AML Principles on Private Banking:

Assist financial institutions conducting business in jurisdictions with high data privacy standards in working with industries susceptible to money laundering

Advise banks to accept only those clients whose source of funds and beneficial ownership is understood

Establish rules for private bankers on how to deal with politically exposed persons (PEPs) and persons residing in high-risk countries

Require banks to better manage reputational risk and protect the privacy of wealthy clients

NEW QUESTION 76
Which scenario indicates potential money laundering activity by a lawyer?

A lawyer located in a higher risk country deposits their firm’s bank draft issued from their trust account to another lawyer’s trust account located in a low-risk country for legal services rendered.

A lawyer’s trust account regularly receives wire transfers from unknown remitters from a higher risk country and immediately transfers the same amount of funds received to a known beneficiary’s account in a low-risk country.

A lawyer’s trust account receives a large-value wire transfer from a regulated insurance company and immediately transfers the same amount of funds received to the beneficiary’s bank account located in a low-risk country.

A lawyer’s trust account receives a large wire transfer deposit from a client that wanted to purchase a piece of property and then transfers the same amount to the property seller’s lawyer’s trust account.

NEW QUESTION 77
When a financial institution (FI) is considering providing traditional banking services to a virtual asset service provider (VASP), consideration should be given to whether the FI: (Select Two.)

has a general understanding of virtual assets.

consistently reviews transactions between fiat and virtual currencies.

implements enhanced KYC measures.

owns virtual currencies itself.

NEW QUESTION 78
An AML compliance officer for a large bank has recently received an internal audit report on the private banking unit. The report revealed that the unit staff were not following risk-based due diligence procedures, so that the unit was not operating effectively.
Which immediate actions should the AML compliance officer consider to address these findings? (Select Two.) Management Should implement a quality assurance program in the private banking unit

Private bankers should receive training on AML procedures.

All employees should receive refresher AML training.

The board should review and approve a revised AML policy to change customer due diligence requirements in private banking.

The legal department should conduct a review to assess potential legal consequences.

NEW QUESTION 79
Having a risk-based approach is central to a financial institution understanding the money laundering and terrorist financing risk to which they are exposed. The development of a money laundering and terrorist financing risk assessment is a key starting point.
Commonly used risk factors include. (Select Three.)

product risk.

credit risk.

geographic risk.

customer risk.

liquidity risk.

NEW QUESTION 80
Tax evasion is:

a deliberate attempt not to pay the tax which is due or obliged.

bending the rules to pay less tax than required.

not an important crime as it does not impact society.

a sophisticated process which always means the same as tax avoidance.

NEW QUESTION 81
Which money laundering risks are posed by the misuse of trust and asset management services? (Select Three.)

Concealing sources of funds

Allowing for third-party custody safekeeping of funds

Adding a layer of anonymity to transactions

Concealing true legal and beneficial owners

Establishing escrow accounts for real estate transactions

NEW QUESTION 82
What is the primary purpose of a risk appetite statement (RAS) in an organization and how should it be effectively communicated and implemented?

An RAS defines the amount and type of risk an organization is willing to take to achieve its objectives and should be communicated clearly to all stakeholders with corresponding controls implemented

An RAS is a detailed plan for managing operational risks and does not cover strategic or financial risks

An RAS is a formal document meant for regulatory compliance that does not influence day-to-day risk management practices within the organization

An RAS is used to outline the risk tolerance limits to external stakeholders and does not need to be communicated within the organization

NEW QUESTION 83
As emphasized in the Basel Committee guidance for “Sound management of risks related to money laundering and financing of terrorism”, the third line of defense, or audit function, should:

Conduct AML audits no less often than every 12 months for consistency in annual reporting.

Remain independent from expressing opinions on the sufficiency of remediation or action plans to address findings and recommendations.

Be involved in the day-to-day operations of the AML program to immediately prevent control failures.

Report to the audit committee of the board of directors to maintain independence.

NEW QUESTION 84
Which of the services provided by Trust and Company Service Providers (TCSPs) present the greatest financial crime risks? (Choose three.)

Providing clear procedures to ensure compliance with local tax regulations

Using trusts to obscure the identity of beneficial owners

Promoting the use of complex corporate structures

Maintaining accurate and updated beneficial ownership details for all customers registered for their services

Establishing shell companies for holding financial assets

NEW QUESTION 85
What is the primary purpose of anti-bribery and corruption regulations?

To prohibit the payment of anything of value by persons or entities to government officials or employees of state-owned enterprises to obtain an improper business advantage

To prohibit the conversion of illegally obtained money into legal money by senior government figures

To protect against election interference by corrupt foreign adversaries facilitated by illicit funds

To protect against the use of illegal means by senior political figures to avoid paying taxes

NEW QUESTION 86
Business entities established in offshore financial centers (OFCs) pose unique risks for money laundering because they often:

have informal business arrangements between persons or entities.

are located in geographies that are not accountable to US laws.

include trusts, investment funds, and insurance companies.

have limited organizational disclosure and recordkeeping requirements for establishing these business entities.

NEW QUESTION 87
Which attributes are typically used to assess the vulnerability to money laundering risk of products offered by an insurer? (Choose three.)

Purpose and intended use

Liquidity

Age of the beneficiary

Customer anonymity or third-party transactions

Length of waiting period

NEW QUESTION 88
Reference data screening includes the screening of which types of datasets? (Select Two.)

Types of payment messages

Customers

Third-party service providers

Customer spouses