ACAMS CAMS Exam Practice Questions
US$39
Every question with the correct answer and why the other options are wrong.
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Three of the 637 questions in this pack
Question 1
A bank account is established for a new business customer. The business was established five years ago with an address in another state. The business website contains few details other than stating it is a real estate business. One principal has an international telephone number and appears to be living in another country. The other principal works out of a recreational vehicle. What warrants enhanced due diligence in this scenario?
Show answer and explanation
Correct answer: A. Shell company
A shell company presents multiple risk indicators in this scenario: the business was established five years ago but has minimal web presence beyond claiming to be real estate, one principal operates internationally from abroad, the other works from a recreational vehicle (no fixed business address), and the vague business description combined with unstable principals are classic shell company characteristics. These factors collectively suggest the entity may lack legitimate operational substance and exist primarily to facilitate financial transactions, warranting enhanced due diligence for potential money laundering or other illicit activities.
Why the other options are wrong
- B. Human trafficking indicators would involve movement of people and exploitation rather than the business structure and operational concerns presented.
- C. A politically exposed person designation requires a government official role, which is not indicated for either principal in this scenario.
- D. While real estate can be used for money laundering, the specific red flags here, shell company characteristics, minimal business details, and unstable principals, point more directly to shell company status rather than established real estate laundering activity.
Question 2
A branch manager for a small community bank has a new customer who deposits four EUR 50,000 checks into one account. Shortly thereafter, the customer goes to another branch and asks to transfer all but EUR 1,500 to three accounts in different foreign jurisdictions. Which suspicious activity should be the focus of the suspicious transaction report?
Show answer and explanation
Correct answer: D. The customer asks to transfer funds to accounts in three different foreign jurisdictions
The transfer of funds to multiple accounts across three different foreign jurisdictions is the primary suspicious activity warranting focus in a suspicious transaction report. This pattern indicates potential structuring to avoid detection and suggests the customer may be deliberately moving illicit funds across borders through multiple routes, which is a classic money laundering technique. The geographic dispersion across jurisdictions significantly increases the likelihood of illicit intent compared to other factors.
Why the other options are wrong
- A. Large checks as account opening deposits are common in legitimate business and do not inherently constitute suspicious activity without additional context.
- B. Using different branches is a normal customer practice and does not itself indicate suspicious activity.
- C. Transferring most funds from an account is a common transaction pattern and is not suspicious without the international jurisdiction component that suggests intentional dispersal.
Question 3
A government has instituted new anti-money laundering laws which require all financial institutions to obtain certain information from its customers. Which step should an institution located in this jurisdiction take to ensure compliance?
Show answer and explanation
Correct answer: B. Change procedures and systems as necessary and provide employee training
Ensuring compliance with new anti-money laundering laws requires a comprehensive approach that includes changing procedures to collect required information, updating systems to accommodate new requirements, and training employees on the new procedures. This three-pronged implementation ensures the institution can operationally meet the new legal requirements, staff understand their roles, and systems are capable of supporting compliance. Procedures and training alone are insufficient without system changes, and system changes alone fail without staff understanding.
Why the other options are wrong
- A. Changing procedures alone does not address the need for system updates and employee training required for full compliance.
- C. Asking existing customers to voluntarily provide information is passive and unreliable; institutions must actively obtain required information through updated procedures and systems.
- D. Automatic information collection from all customers is impractical and does not account for the need to establish procedures and ensure staff training on how to implement and maintain compliance.
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How much of the ACAMS CAMS bank is free?
637 questions in the bankEach step includes the one before, so buying only adds new questions.
- You are here10questionsFree sampleThree on this page, all ten as a PDF.Download the sample
- 15725% of the bankPractice pageFree on the site, every answer explained.Go to the practice page
- 318the first half of the packHalf PackFree by email, as one PDF, every answer explained.Get the Half Pack
- 637100%, the whole bankFull pack, US$39Plus the questions-only PDF, monthly updates, refund if you fail.Get the full pack
What’s in the ACAMS CAMS pack
- 637 questions across all four CAMS domains
- Answers and explanations for every question, including the wrong options
- A questions-only PDF for timed practice runs
- Instant delivery by email the moment you check out
- Free monthly updates for as long as the exam is live
- Pass or your money back
A failed CAMS attempt means another US$299 retake fee, on top of weeks of restudying. This pack is US$39, paid once, and refunded if you fail.
What makes the CAMS hard
CAMS rewards judgement over memorisation. Knowing what a Suspicious Activity Report is is not enough: you need to know when to file one, who reviews it, and what happens if you get it wrong.
The questions that decide it cluster around a few themes: the risk-based approach and how to apply customer due diligence versus enhanced due diligence, the roles of FATF and the major regulatory bodies, red-flag typologies across correspondent banking, trade finance and money services businesses, and the mechanics of a compliance programme (the four pillars, sanctions screening and independent testing). Scenario questions put you in the compliance officer's seat and ask what the correct next action is.
About the exam
The Certified Anti-Money Laundering Specialist (CAMS) is ACAMS' flagship credential. It validates the knowledge to detect, prevent and report money laundering and to build and maintain an effective compliance programme.
Questions before you buy
How quickly do I receive it?
Straight away. The full PDF and a questions-only copy are emailed to you the moment your payment goes through, and the same links are on your order page.
Are updates included?
Yes. The pack is updated every month for as long as the exam is live, and updates are free for everyone who has bought it.
What if I fail the exam?
We refund the pack, or swap it for any other pack if you would rather keep studying. Sit the exam 7 to 30 days after buying, then send your official score report within 7 days of the exam date, as set out in the refund policy.
What is your pass rate?
99% of customers who prepare with a CertStash pack pass. If you do not, we refund the pack, or swap it for another pack.
Can I share it with colleagues?
Each purchase is licensed to one person. For a team, school or training organisation, email support@certstash.com for a licence that fits.
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