ACAMS CAMS Practice Exams
Last updated on Oct 21,2026- Exam Code: CAMS
- Exam Name: Certified Anti-Money Laundering Specialist
- Certification Provider: ACAMS
- Latest update: Oct 21,2026
Customers of a telecommunications firm received an email explaining an issue with their last order. The customers were directed to the company website via a link in the email to provide personal information. Both the email and website were fake.
What type of cybercrime has been committed?
- A . Malware
- B . Cryptojacking
- C . Spear phishing
- D . Tumbling
Which red flags could indicate increased terror financing and money laundering risks related to cultural objects? (Select Three.)
- A . Use of art storage facilities located in tax-free zones.
- B . Paying fair market value or premium prices for valuable art, gems, or precious metals at auction.
- C . Engagement of third-party art advisors as representatives at art auctions.
- D . High-quality single pieces of significant value sold on social media platforms.
- E . Use of art and antiquity experts to verify an item’s authenticity.
In order for a terrorist organization to move funds from Cyprus to England through trade-based money laundering, which technique would be used?
- A . An England-based exporter under-invoices a shipment to Cyprus.
- B . An England-based exporter over-invoices a shipment to Cyprus.
- C . A Cyprus-based exporter short-ships a shipment to London.
- D . A Cyprus-based exporter over-invoices a shipment to London.
An AML specialist at a financial institution is presented with a search warrant.
Which actions should be taken to comply with the search? (Select Two.)
- A . Remember what items the agents have seized and taken from the premise.
- B . Record the names and affiliations of the agents who conduct the search.
- C . Proactively ask the agents as many questions as time allows.
- D . Leave the premises to allow the agents to conduct the search.
- E . Obtain a copy of the warrant or photocopy the original warrant.
A law enforcement official calls a bank inquiring about a customer who is currently under investigation. The law enforcement official requests information about the customer.
How should the bank respond?
- A . Confirm the customer is either a current or former customer
- B . Inform the board of directors before responding to the request
- C . Provide the requested information to help aid in the investigation
- D . Request a formal letter be submitted to verify the validity of the request
An AML training program should include which requirement?
- A . New tellers should receive training after their first year on the identification of suspicious or unusual activity.
- B . New lending staff should receive annual training on the preparation of currency transaction reporting.
- C . New staff should receive training during employee orientation or shortly thereafter on bank procedures.
- D . New operational staff should receive training shortly after hire on currency transaction reporting exemptions.
An AML training program should include which requirement?
- A . New tellers should receive training after their first year on the identification of suspicious or unusual activity.
- B . New lending staff should receive annual training on the preparation of currency transaction reporting.
- C . New staff should receive training during employee orientation or shortly thereafter on bank procedures.
- D . New operational staff should receive training shortly after hire on currency transaction reporting exemptions.
According to the Financial Action Task Force, financial institutions should be required to implement:
- A . special procedures for encryption of information to be exchanged with affiliates and branches.
- B . independent AML programs to ensure privacy and safeguard confidential information.
- C . a process to designate an officer at a senior level who ensures a safe exchange of information for AML and terrorism financing purposes.
- D . group-wide programs, including policies and procedures regarding AML compliance.
A country that does not have strong predicate offenses and is lax in prosecuting AML cases could suffer which social/economic consequence?
- A . US sanctions
- B . Increased organized crime and corruption
- C . Reputation risk for the port
- D . Loss of tax revenue
A compliance officer is reviewing transactions related to a company suspected of being involved in wildlife trafficking.
Which of activities below are common in wildlife trafficking schemes? (Select Two.)
- A . Large dollar wire transfers between wildlife farms and firms operating in inconsistent lines of business
- B . Exchanging fiat currency to cryptocurrency to accomplish payment to the wildlife farm
- C . Activity involving politically exposed persons with environmental, game, or forestry oversight
- D . Payment of transportation charges using a fraudulent financial instrument
- E . Customer requests payment of proceeds to an unrelated third party