Get Sep-2026 updated CAMS7 Certification Exam Sample Questions [Q90-Q108]

NO.90 Which of the below would be relevant money laundering red flags for life insurance companies? (Select Two.)

Paying premium several years in advance and terminating early for a refund

Natural persons having more than one insurance policy

High-premium life insurances that provide high payouts

Regularly switching policies and accepting penalties

Beneficiary payouts to elderly people

NO.91 Why is it important to use multiple sanctions lists, such as United Nations (UN), Office of Foreign Assets Control (“OFAC”), and European Union (“EU”) lists, in name screening systems?

To avoid sanctions breach related to payments

To avoid onboarding customers previously exited due to true match

To meet international regulatory requirements and identify risks across jurisdictions

To be in line with the risk appetite statement

NO.92 Which of the following are key financial crime risks associated with real estate companies?
(Choose four.)

Buying property allows for the movement of large amounts of funds in a single transaction

Criminal networks could purchase real estate for use as supply houses or locations to grow, manufacture, or distribute illicit narcotics

Markets can be volatile, and buyers may not achieve a strong return on their investment

Beneficial ownership information might be opaque, and criminals may abuse arrangements like shell companies and trusts

Real estate transactions often involve financial institutions and other professional gatekeepers

The high value of properties may require multiple types of financing, which can make it more difficult to identify the source of funds

NO.93 The new KYC lead at a bank is particularly focused on enhancing the risk management component of its KYC program and refers to the Basel Committee’s customer due diligence (CDD) principles.
Which of the following describe key improvements to a KYC program established in the Basel Committee’s CDD principles? (Select Two.)

Implementation of a blacklist of correspondent customers with previously detected and investigated suspicious activity

Enhancement of a customer acceptance policy to more clearly identify high-risk customers

Increased frequency of training provided to front office employees

Enhancement of customer identification procedures to appropriately identify trust, nominee, and fiduciary accounts

NO.94 Which of the below would be relevant money laundering red flags for life insurance companies? (Select Two.)

Paying premium several years in advance and terminating early for a refund

Natural persons having more than one insurance policy

High-premium life insurances that provide high payouts

Regularly switching policies and accepting penalties

Beneficiary payouts to elderly people

NO.95 Having a risk-based approach is central to a financial institution understanding the money laundering and terrorist financing risk to which they are exposed. The development of a money laundering and terrorist financing risk assessment is a key starting point.
Commonly used risk factors include. (Select Three.)

product risk.

credit risk.

geographic risk.

customer risk.

liquidity risk.

NO.96 According to the Egmont Group, which benefits do public-private partnerships (PPPs) provide to Financial Intelligence Units (FIUs)? (Select Three.)

Helping overcome data protection and information sharing limitations

Enhancing the quality of reporting and additional informational input

Helping to alleviate the financial cost burden on law enforcement

Helping to design common approaches and identify desired deliverables

Offering flexibility, agility, and opportunities to adjust to the ML/TF threat environment

NO.97 Which ancillary departments or operational areas can play an essential role in supporting a larger organization’s Anti-Money Laundering and Economic Sanctions compliance program? (Choose three.)

Accounting

Model risk management

Technology solutions and IT security

Marketing

Fraud risk management

NO.98 In the process of mutual evaluations and subsequent follow-ups used by the Financial Action Task Force (FATF) to assess the quality of various jurisdictions’ AML controls, the FATF:

imposes economic sanctions on jurisdictions with lax AML controls to force them to strengthen their controls.

conducts on-site inspections of financial institutions in jurisdictions with lax AML controls to identify deficiencies and recommend improvements.

publishes annual reports ranking all member jurisdictions based on their self-assessment of AML controls.

conducts a peer review process whereby member countries assess the AML controls of other jurisdictions and provide recommendations for improvement.

NO.99 In which of the following situations would it be most crucial for the designated AML compliance officer of a company to perform a complete review of the company’s AML program, including identifying the risks and commensurate controls?

An external audit highlights several deficiencies

The company is merging with or acquiring another entity

Extensive AML legislation is proposed by a legislative body in the company’s jurisdiction

A high-profile money laundering case involving another industry is publicized

NO.100 What are the roles of a government Financial Intelligence Unit (FIU)? (Select Three.)

Disseminate analysis of suspicious transaction and suspicious activity reports to foreign judicial systems to enhance their anti-money laundering and terrorist financing investigations and prosecutions

Receive reports of suspicious transactions and suspicious activities from reporting institutions or obliged institutions

Disseminate the analysis of suspicious transaction and suspicious activity reports to local law enforcement agencies and foreign FIUs to combat money laundering

Investigate and where appropriate prosecute all suspicious transaction and suspicious activity reports received from reporting institutions or obliged institutions

Analyze all suspicious transaction and suspicious activity reports received from reporting institutions or obliged institutions

NO.101 What are the main benefits of implementing explainable artificial intelligence (AI) or machine learning (ML) technologies to improve operational effectiveness within AML/CFT compliance? (Select Two.)

Identifies AML/CFT risks without the need for human involvement

Reduces the need for human resources

Processes and analyzes large data sets more quickly and accurately

Increases auditability, accountability, and overall good governance

NO.102 A periodic review has been completed for an existing virtual asset service provider (VASP) customer. Which of the following are indicators of potential money laundering? (Select Three.)

Use of shell companies for deposits and withdrawals into the VASP

Using a peer-to-peer network to reduce costs associated with server maintenance and data storage

Rapid market fluctuations resulting in quick changes in the value of underlying assets

Frequent use of mixers and tumblers for holdings and transactions

Receiving funds from countries known for weak money laundering regulations and frameworks

NO.103 Which of the following is a common strategy employed by non-governmental organizations (NGOs) to combat money laundering?

Helping Financial Intelligence Units (FIUs) to analyze the suspicious activity reports (SARs)

Directly prosecuting money launderers in court

Providing financial assistance to governments to strengthen their anti-money laundering efforts

Raising awareness about the issue of money laundering and its consequences

NO.104 A risk-based approach (RBA) means that countries, competent authorities, and financial institutions:

Are exempt from mitigating AML/CFT risks assessed as low

Are expected to reduce all residual risks to low

Are expected to identify, assess, and understand the AML/CFT risks to which they are exposed

Will allocate compliance resources to non-compliance-related tasks

NO.105 Which of the following activities are identified by the Financial Action Task Force (FATF) as being potentially indicative of money laundering through the real estate sector? (Select Four.)

Use of mortgage products

Use of commercial properties inconsistent with stated business purposes

Use of complex loans or credit finance

Use of corporate vehicles or complex ownership structures

Unexplained cash payments

Use of agricultural land in rural areas

NO.106 A customer regularly sends small international wires to multiple unrelated beneficiaries in conflict regions. Which risk is MOST concerning?

Tax optimization

Terrorist financing

Consumer lending abuse

Insider trading

NO.107 Money laundering can have a profound impact on the global economy that includes:

Declining money supplies

Increased sectoral polarization

Increased inflation and low economic growth

Destabilization of legitimate governments

NO.108 The relationship manager in the corporate banking department at a bank is required to take specialized AML training tailored to the risks the department is most likely to encounter.
Which types of content are most appropriate for this training? (Select Two.)

Money laundering typologies applicable to monetary instrument reporting

Applicable AML laws and regulations

Regulatory exam best practices

Money laundering typologies applicable to corporate loans

Get Sep-2026 updated CAMS7 Certification Exam Sample Questions [Q90-Q108]

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