1. ACAMS CAMS Exam
Association of Certified Anti-Money Laundering Specialist Exam

2. What is ACAMS?
ACAMS is the largest international membership organization dedicated to enhancing the knowledge and expertise of AML/CTF and financial crime detection and prevention professionals, from a wide range of industries, in both the public and private sectors.

3. CAMS Certification benefits:
The Certified Anti-Money Laundering Specialist (CAMS) credential is the gold standard in AML certifications and recognized internationally by financial institutions, governments and regulators. Those who earn CAMS position themselves as industry leaders and:
Earn 32% more than non-certified colleagues, according to the 2013 ACAMS AML/CFT/FCP Compensation Survey
Increase their professional value through better understanding of financial crime detection and prevention techniques.
Protect their institution from money laundering threats and minimize financial crime risks.
Meet mandated AML training requirements through preparation and study.
Prove their AML expertise to examiners and regulators
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4. DEMO QUESTIONS Question No :1
A customer runs an export business for agricultural products. There has been steady growth over the years from sales to the Caribbean region. A sudden increase is noted in this customer's account balances during the last month. On what grounds should an anti-money laundering specialist prepare a suspicious transaction report?
Options
A. The increased activity is due to money order deposits.
B. Wire transfers are coming from a Financial Action Task Force member country.
C. The client changed his address without advising the institution.
D. Travelers checks (cheques) were purchased for trips to a Non-Cooperative Countries and Territories.
Answer: C

5. Question No : 2
The Board of Directors for a small private bank has asked the management to no longer apply the identity requirements for high net worth individuals to protect their privacy. Which of the following Financial Action Task Force 40 Recommendations should cause an anti-money laundering specialist the most concern?
Options
A. Financial institutions should not warn their customers when information relating to them is being reported to the competent authorities.
B. Financial institutions should not keep anonymous accounts.
C. Financial institutions should maintain all necessary suspicious transaction report records on transactions, both domestic are international, for at least 5 years.
D. If financial institutions suspect that funds stem from criminal activity, they should be required to close the account.
Answer: B

6. Question No : 3
Under requirements for correspondent accounts in the USA PATRIOT Act, the word "certification" refers to a written representation by a:
Options
A. federal receiver" certifying that he is not the beneficial owner of the correspondent account.
B. respondent bank, certifying that they do not do business with politically exposed persons.
C. correspondent bank, certifying that they do not open correspondent accounts for alternative remittance companies.
D. respondent bank, certifying that they do not do business with shell banks.
Answer: C

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9. ACAMS CAMS Exam
Association of Certified Anti-Money Laundering Specialist Exam
To Get Complete File