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[General] Free PDF Quiz 2026 Pass-Sure CAMS: Certified Anti-Money Laundering Specialists (

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【General】 Free PDF Quiz 2026 Pass-Sure CAMS: Certified Anti-Money Laundering Specialists (

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The CAMS exam is a comprehensive test that covers a wide range of topics related to AML, including the history of money laundering, the international regulatory environment, risk assessment, customer due diligence, and transaction monitoring. CAMS Exam is designed to assess the knowledge and skills of AML professionals and to ensure that they have the necessary expertise to detect and prevent money laundering activities.
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ACAMS CAMS Exam is a challenging and prestigious certification that is highly valued in the field of AML compliance. It is administered by the Association of Certified Anti-Money Laundering Specialists (ACAMS) and is recognized as the gold standard in AML certification. Passing the exam requires a significant amount of knowledge, experience, and dedication, but it can lead to new career opportunities and professional advancement.
ACAMS Certified Anti-Money Laundering Specialists (the 6th edition) Sample Questions (Q571-Q576):NEW QUESTION # 571
What does the Financial Action Task Force 40 Recommendations address on transparency of beneficial ownership?
  • A. Payable through accounts
  • B. Gatekeepers
  • C. Legal persons and arrangements
  • D. Correspondent banking
Answer: C
Explanation:
The Financial Action Task Force (FATF) 40 Recommendations address the transparency and beneficial ownership of legal persons (such as companies, foundations, associations, etc.) and legal arrangements (such as trusts, fiducies, anstalts, etc.) in Recommendations 24 and 25. These recommendations aim to prevent the misuse of legal persons and arrangements for money laundering, terrorist financing and other illicit purposes, by requiring countries to ensure that accurate and up-to-date information on the natural persons who ultimately own or control them (the beneficial owners) is available to the competent authorities in a timely manner.
Reference:
CAMS Study Guide - 6th Edition, Chapter 4, page 112
CAMS Certification Exam Outline, Domain 1, Task 1.2, Skill 1.2.2
Guidance on Transparency and Beneficial Ownership, FATF, October 2014
Recommendation 24: Transparency and beneficial ownership of legal persons, FATF
[Recommendation 25: Transparency and beneficial ownership of legal arrangements], FATF

NEW QUESTION # 572
A bank teller receives a written request from a police officer to review a previous customer's account on a pre- populated form with the officer's official letter head. The officer suspects the previous customer is engaging in smurfing. Which action should the bank teller perform?
  • A. Reject the request and escalate to the compliance officer.
  • B. Escalate the request to the compliance officer.
  • C. Provide the police officer information after AML compliance approval.
  • D. Provide the police officer information after management approval.
Answer: B
Explanation:
the bank teller should not provide any information to the police officer without consulting the compliance officer first. The compliance officer is responsible for ensuring that the bank follows the applicable laws and regulations regarding customer privacy, dataprotection, and anti-money laundering. The compliance officer can verify the authenticity and validity of the request, determine the appropriate response, and obtain any necessary approvals or authorizations before releasing any information. The bank teller should not reject the request outright, as this could be seen as uncooperative or obstructive. The bank teller should also not provide the information after management approval, as this could bypass the compliance officer's role and expose the bank to legal or regulatory risks.
Bank Records and Financial Privacy Laws - FindLaw1
Anti-Money Laundering (AML) Risk Assessment | ACAMS2
What is the Difference Between Smurfing and Structuring?3

NEW QUESTION # 573
Which of the following competent authorities should directly receive suspicious or unusual transaction reports?
  • A. financial intelligence unit
  • B. an independent judge
  • C. central bank
  • D. law enforcement
Answer: C

NEW QUESTION # 574
An organization is developing a comprehensive anti-money laundering (AML) framework.
Which of the following statements best describes the relationship between AML policies and procedures?
  • A. Policies define the principles of an organization and influence the drafting of procedures. Procedures are detailed instructions for specific processes.
  • B. Policies are detailed instructions for specific processes Procedures are an overarching framework Both policies and procedures are mandatory for knowledge and adherence.
  • C. Policies are detailed instructions for specific processes. Procedures are an overarching framework.
    Neither policies nor procedures are mandatory for knowledge and adherence
  • D. Policies are broad guidelines. Procedures are detailed Instructions for specific processes. Only procedures are mandatory for knowledge and adherence.
Answer: A

NEW QUESTION # 575
An AML/CFT unit often compiles information about customer activity and product usage that might be of interest to other parts of the organization.
Before allowing the unit to communicate such information internally, the organization must review:
  • A. The risk rating of the customers to avoid sharing data relating to higher-risk customers.
  • B. Enterprise-wide risk assessments and the employee handbook for any limitations on sharing commercially sensitive customer data.
  • C. The organization's AML compliance policies to ensure that customer data can be easily shared internally and internationally.
  • D. Applicable data privacy laws in relevant jurisdictions and the organization's data security and privacy policies for any limitations.
Answer: D
Explanation:
AML compliance must be balanced with data privacy laws, such as GDPR (EU), CCPA (U.S.), and jurisdictional banking secrecy laws.
Option A (Correct): Data protection laws regulate how customer information can be shared internally and externally, ensuring confidentiality and regulatory compliance.
Option B (Incorrect): Enterprise risk assessments do not determine data sharing rules; legal and regulatory policies do.
Option C (Incorrect): Risk rating does not impact legal data-sharing restrictions.
Option D (Incorrect): AML policies must align with data protection laws, not override them.
Key Data Privacy Considerations in AML Compliance:
GDPR (Article 6) requires a legal basis for processing personal data, including AML investigations.
Banking secrecy laws restrict sharing certain customer information without consent or legal obligation.
Internal information-sharing policies must be clear on what AML teams can disclose.
Best Practices for AML & Data Privacy Compliance:
Consult legal teams before sharing AML-related data internally or externally.
Ensure compliance with GDPR, CCPA, and banking secrecy laws.
Minimize data sharing to what is strictly necessary.
Reference:
FATF Recommendation 2 (National Cooperation and Coordination)
EU GDPR Article 6 (Lawful Processing of Personal Data)
Wolfsberg Group AML & Data Privacy Guidelines

NEW QUESTION # 576
......
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