ACAMS CAMS7 Exam Dumps [2026] Practice Valid Exam Dumps Question [Q146-Q160]

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April 19, 2026

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ACAMS CAMS7 Exam Dumps [2026] Practice Valid Exam Dumps Question

CAMS7 Dumps – Grab Out For [NEW-2026] ACAMS Exam

QUESTION 146
Which types of external data sources are expected to be used for screening customers as part of customer due diligence (CDD)? (Select Three.)

Customer feedback and online review platforms

Social media profiles to assess lifestyle and spending habits

Sanctions lists, including those issued by the Office of Foreign Assets Control (OFAC)

Registers of stolen or forged documents (where available)

Beneficial ownership registers and adverse media sources

Effective customer due diligence relies on authoritative, reliable, and relevant external data sources, as outlined in FATF standards and national AML regulations.
Sanctions lists, such as those maintained by OFAC, the EU, and the UN, are mandatory screening sources to ensure compliance with sanctions regimes. Registers of stolen or forged documents, where available, help detect identity fraud and false documentation during onboarding.
Additionally, beneficial ownership registers and adverse media sources are essential for identifying hidden ownership structures, corruption exposure, and reputational risk.
Customer reviews and lifestyle assessments from social media are not considered reliable or appropriate primary sources for AML screening due to privacy, accuracy, and governance concerns.

QUESTION 147
A risk-based approach (RBA) to anti-financial crimes (AFC) involves understanding and managing risks by:

applying uniform controls to all customers, regardless of their risk profile

allocating resources and implementing controls based on the level of identified risks

prioritizing regulatory compliance over customer experience and operational efficiency

relying on automated systems to detect and mitigate AFC risks

A risk-based approach to anti-financial crimes means allocating resources and implementing controls proportionate to the level of identified risk. This ensures that higher-risk areas receive more focus and resources, improving both effectiveness and efficiency in mitigating financial crime risks.

QUESTION 148
Which red flags could indicate increased terror financing and money laundering risks related to cultural objects? (Select Three.)

Engagement of third-party art advisors as representatives at art auctions

High-quality single pieces of significant value sold on social media platforms

Use of art and antiquity experts to verify an item’s authenticity

Paying fair market value or premium prices for valuable art, gems, or precious metals at auction

Use of art storage facilities located in tax-free zones

QUESTION 149
The United Nations Security Council (UNSC) is empowered to impose sanctions regimes against countries and terrorist organizations.
Which statements are true regarding sanctions imposed by the UNSC? (Select Two.)

Attempts to circumvent or evade sanctions imposed by the UNSC can constitute a criminal offense if designated under local laws and regulations

The UN can impose arms embargoes but cannot prohibit direct or indirect exports of other goods to specific countries

Member countries of the United Nations are expected to implement and enforce sanctions imposed by the UNSC

Direct breaches of sanctions imposed by the UNSC constitute a criminal offense in all member countries

The United Nations Security Council (UNSC) is authorized under the UN Charter to imposebinding sanctions measureson member states. These sanctions may target countries, entities, or individuals and can include arms embargoes, travel bans, asset freezes, and restrictions on trade or financial services.
Statement Ais correct:
Circumventing or evading UNSC sanctionsmay constitute a criminal offenseif the jurisdiction has incorporated UN obligations into domestic law. While the UNSC does not directly impose criminal penalties, member states must implement these measures locally, andmany jurisdictions have lawsthat make such violations criminal acts.
Statement Bis incorrect:
The UNSC is empowered toimpose broad restrictions, includingtrade bans beyond arms, such as on luxury goods, fuel, or specific commodities. Therefore, the idea that it cannot prohibit exports beyond arms is inaccurate.
Statement Cis correct:
Member countries of the United Nations are expected to implement and enforce UNSC sanctions, in accordance with their obligations under the UN Charter (specifically Chapter VII). Countries are responsible for transposing these sanctions into their national legal frameworks.
Statement Dis incorrect:
Although member countries are required to enforce sanctions,not all countries automatically consider breaches a criminal offense. Whether a violation is criminal depends on how each country enacts UN sanctions domestically.
Reference: ACAMS CAMS Study Guide – 6th Edition, Chapter:International AML Standards- Section:
United Nations Initiatives and Global Sanctions Framework

QUESTION 150
Which of the following are common indicators of possible money laundering within the securities industry?
(Select Two.)

Receiving securities into an existing brokerage account following the death of a spouse

Allowing fixed income securities to mature

Using brokerage accounts like deposit accounts

Engaging in transactions involving nominees or third parties

QUESTION 151
The Wolfsberg Group’s 2012 “Principles (or Private Banking” established that.

private banks agree that transparency of client beneficial ownership Is necessary and appropriate.

due diligence requirements tor private banking customers are necessary to prevent predicate offenses.

risk based approaches are insufficient to address the heightened risk presented through private banking

private banks need to better coordinate and align their global AML control environment strategies.

QUESTION 152
Which obliged entities or gatekeepers may be required to perform customer due diligence (CDD)?
(Select Four.)

Casino security guards

City court judges

Notaries involved in real estate transactions

Dealers in precious metals and stones

Real estate agents

Accountants and auditors

FATF standards identify several designated non-financial businesses and professions (DNFBPs) as obliged entities due to their exposure to money laundering risks. These gatekeepers are required to perform customer due diligence (CDD).
Notaries involved in real estate transactions play a critical role in property transfers and are required to identify parties and beneficial owners. Dealers in precious metals and stones handle high-value, portable assets attractive to criminals. Real estate agents facilitate property purchases often used to launder large sums of money. Accountants and auditors may assist in financial structuring, tax planning, or company formation and must conduct CDD when providing covered services.
Casino security guards and judges are not obliged entities under AML/CFT frameworks.

QUESTION 153
Which risks are specifically associated with the misuse of gaming accounts in financial crime? (Choose three.)

Using gaming accounts to transfer illicit funds between players undetected

Structuring transactions to avoid reporting thresholds by keeping them under certain limits

Providing false personal information to evade regulatory oversight

Ensuring identity verification is completed prior to the onboarding of new customers

Investing all gaming winnings into high-risk stocks to conceal funds

Risks tied to the misuse of gaming accounts include transferring illicit funds between players undetected, structuring transactions to avoid reporting thresholds, and providing false personal information to evade KYC and regulatory oversight, all of which can facilitate money laundering and other financial crimes.

QUESTION 154
Which of the following ate efficient approaches lo performing horizon scanning? (Select Two.)

Subscribing lo a regulators’ newsletter

Using a specific provider for regulatory horizon scanning

Regularly contacting the regulator to inquire about updates and future developments

Relying on information and insights from peers and working groups

QUESTION 155
When considering purchasing AFC tools from a vendor to implement into the customer lifecycle, which of the following measures should be taken during the process? (Choose two.)

Ensuring the tools are compatible and integration with current systems is possible

Assessing whether internal staff members can provide training on the tools

Assessing the cost of implementation and cost of maintaining the tools

Basing business requirements on the features offered by the vendor’s tools

It is essential to ensure that anti-financial crime (AFC) tools are compatible and can be integrated with existing systems to avoid operational disruptions. Additionally, evaluating both implementation and ongoing maintenance costs is crucial for long-term sustainability and effective budget planning.

QUESTION 156
What is the first step that an investigator should take when beginning a financial investigation into a potential suspicious activity?

Determining whether the potential suspicious activity is consistent with the customer’s transactional behavior, nature of business, and occupation

Contacting the country’s financial intelligence unit’s (FIU’s) officers to seek advice on whether the potential suspicious activity is indeed a suspicious activity

Gathering and assessing internal sources of information, including information obtained from the customer, transactions, and value and volume

Identifying and reviewing external information, including online presence, customer-related entities, and relevant media

QUESTION 157
A bank in the Netherlands has been requested to share information about a series of transactions and related customers with a bank in Italy. Both banks are subject to European Union jurisdiction.
Which factor is the most important to consider before the Dutch bank shares the requested information with the Italian bank?

The Dutch bank should limit any information sharing to what is necessary, reasonable, and proportionate, in line with applicable laws and regulations

The Dutch bank’s legal obligations to protect customer privacy and bank secrecy prohibit it from sharing any such information

The Dutch bank should require a production order from the Italian bank and receive approval from its legal department before sharing the requested information

The need to fight financial crime outweighs the EU’s data protection and privacy regulations

QUESTION 158
The UN Security Council’s primary role in imposing sanctions is that it has the authority to:

impose sanctions to maintain or restore international peace and security.

impose sanctions on countries that lack AML/CFT controls.

conduct research on and analyze the impacts of sanctions to improve the effectiveness of sanctions regimes.

impose sanctions on economic targets to maintain or restore financial stability within a country.

The United Nations Security Council (UNSC) is the only body with the legal authority under international law to impose binding sanctions on countries, entities, or individuals.
“The Security Council’s primary function in imposing sanctions is to maintain or restore international peace and security. These sanctions are legally binding on all UN member states.” (CAMS 6th Edition, Chapter: International Sanctions and Proliferation Financing; United Nations Charter, Article 41) Incorrect Options:
* B: Sanctions may address AML/CFT failings, but the core mandate is international peace/security.
* C: The UNSC does not primarily conduct research or impact analysis.
* D: The purpose is international peace/security, not only domestic financial stability.
References:
CAMS 6th Edition, International Sanctions
United Nations Charter, Article 41

QUESTION 159
When applying new technologies to AML, application programming interfaces (APIs) allow for:

Digital identification on mobile devices

Different applications to connect and communicate

Authentication via artificial intelligence (AI) and biometrics

Quick CDD and client traits analysis during onboarding

Application Programming Interfaces (APIs)are tools that enableinterconnectivity and data exchangebetween different software applications. In AML contexts, APIs are commonly used tointegrate third-party systems, such as screening tools, customer databases, and transaction monitoring platforms, ensuring real-time and accurate flow of information.
This technological capability supports enhancedautomation, agility, and efficiencyin AML processes.
Reference: ACAMS CAMS Study Guide – 6th Edition, Chapter:Technology and AML- Section:Emerging Technologies and APIs in Compliance

QUESTION 160
Common risks associated with cryptocurrency and convertible virtual currencies include: (Choose three.)

funds being stolen from other users.

obscuring the source of illicit funds.

layering transactions to hide the origin of funds derived from illicit activity.

difficulty converting into physical currency.

facilitating payment for other illicit activities and goods.

Cryptocurrency and convertible virtual currencies present common financial crime risks such as obscuring the origin of illicit funds, being used to layer transactions for money laundering, and facilitating payments for illegal goods and services due to their pseudo-anonymous and borderless nature.

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