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The CAMS exam covers a wide range of topics related to AML compliance, including money laundering methods and techniques, regulatory requirements, risk assessments, and due diligence procedures. CAMS exam is divided into four parts, each of which tests different aspects of AML knowledge and expertise. The test is administered online and consists of 120 multiple-choice questions, which must be completed in four hours.

The Certified Anti-Money Laundering Specialist (CAMS) is a globally recognized certification exam that equips professionals with the skills and knowledge required to identify and prevent money laundering activities. Money laundering is a criminal activity that involves disguising the proceeds of illegal activities as legitimate funds. The CAMS Certification is designed to help professionals in the financial services industry to combat this growing problem and to protect their organizations from financial risks.

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The most distinguished feature of 2Pass4sure's study guides is that they provide you the most workable solution to grasp the core information of the certification syllabus in an easy to learn set of CAMS study questions. Far more superior in quality than any online courses free, the questions and answers contain information drawn from the best available sources. They are relevant to the CAMS Exam standards and are made on the format of the actual CAMS exam.

How much CAMS Exam Cost

There are two options. Candidate can choose either with a virtual classroom package or without a virtual classroom package.

Price and benefits of with virtual classroom package

The price of this package is $1,880 for private sectors and $1,540 for public sectors
This package consists of a CAMS study guide, Online Preparation Course, CAMS Virtual classroom and CAMS Examination

Price and benefits of without virtual classroom package:

The price of this package is $1,459 for private sectors and $1,145 for public sectors
This package consists of a CAMS study guide, Online Preparation Course and CAMS Examination

ACAMS Certified Anti-Money Laundering Specialists Sample Questions (Q511-Q516):

NEW QUESTION # 511
A large financial institution (Fl) is considering expanding business to an area of the world with weak AML laws. The risk-based assessment indicates that the location will increase the Fl's risk appetite beyond the stated acceptable amount. Which risk factors should be used to identify the priority of the Fl?

A. Cash-intensive businesses risks
B. Unknown third-party risks
C. Geographic risks
D. Anonymous transactions risks

Answer: C

Explanation:
Explanation
Geographic risks should be used to identify the priority of the Fl in this scenario. According to the CAMS Manual (6th Edition), "Geographic risk refers to the possibility that the location of a customer, transaction, or product may increase the likelihood of money laundering or terrorist financing because of weak or nonexistent AML/CFT controls" (p. 59). In this scenario, the expansion to an area of the world with weak AML laws would increase the Fl's geographic risk.
Reference: Certified Anti-Money Laundering Specialist (the 6th edition), Section 3.2.3 Geographic Risks, p.
59.

NEW QUESTION # 512
Which step should be taken to understand the types of financial institutions to whom the services are being offered when a correspondent bank permits "nested" relationships according to the Wolfsberg Group?

A. Understand the type and volume of accounts serviced
B. Obtain independent audits or examination reports for "nested" relationships to determine risk levels
C. Review peer-group clients by risk category
D. Evaluate the distribution of downstream correspondents and identify any direct or indirect issues

Answer: D

Explanation:
Explanation/Reference: http://www.qfcra.com/en-us/whatwedo/AntiMoneyLaundering/Documents/Guidance%20on%
20Correspondent%20Banking%20May%202018.pdf (7)

NEW QUESTION # 513
Which two steps should a financial institution take when it receives a law enforcement request to keep an account open that may be associated with suspicious or criminal activity? (Choose two.)

A. File a suspicious transaction report on the account owner(s)
B. Stop filing suspicious transaction reports because law enforcement will be monitoring the account
C. Maintain account records for at least five years after the request expires
D. Ask for a written request from the law enforcement agency that defines the duration

Answer: C,D

NEW QUESTION # 514
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 =once 40 Recommendations should cause an anti-money laundering specialist the most concern?

A. Financial institutions should not warn their customers when information relating to them is being reported to the competent authorities.
B. If financial institutions suspect that funds stem from criminal activity, they should be required to close the account.
C. Financial institutions should maintain all necessary suspicious transaction report records on transactions, both domestic are international, for at least 5 years.
D. Financial institutions should not keep anonymous accounts.

Answer: C

NEW QUESTION # 515
When should new business products to evaluated for AML concerns?

A. Before they are launched into the market
B. On an annual basis
C. After they have been implemented so there is empirical data to review
D. At the time of the next enterprise risk assessment

Answer: A

NEW QUESTION # 516
......

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