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Certified Anti-Money Laundering Specialist (CAMS)

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About this Exam

Prepare with the Certified Anti-Money Laundering Specialist (CAMS) practice quiz. This question bank includes 19 questions covering customer, fatf, financial, diligence, and program. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

Sample Questions

Question 1
What are the four pillars of a Bank Secrecy Act (BSA) compliance program?
Internal controls, independent testing, designated compliance officer, training
Policies, procedures, audits, reporting
KYC, CDD, EDD, transaction monitoring
Risk assessment, governance, technology, staffing
Question 2
Which U.S. law is the cornerstone of the anti-money laundering regulatory framework and requires financial institutions to maintain records and file reports?
USA PATRIOT Act
Bank Secrecy Act (BSA)
Dodd-Frank Act
Foreign Corrupt Practices Act
Question 3
What is the primary purpose of an independent AML audit function?
To generate revenue for the compliance department
To train new employees on AML procedures
To objectively assess the effectiveness of the AML compliance program
To file Suspicious Activity Reports on behalf of the institution
Question 4
Under the USA PATRIOT Act, which section requires financial institutions to establish a Customer Identification Program (CIP)?
Section 312
Section 314
Section 326
Section 352
Question 5
What does a risk-based approach to AML compliance primarily mean?
Applying the same level of scrutiny to all customers regardless of risk
Allocating compliance resources proportional to the identified level of money laundering risk
Focusing AML efforts exclusively on high-net-worth customers
Eliminating lower-risk customers from the customer base

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Additional Information

Certified Anti-Money Laundering Specialist (CAMS)

This practice set contains 19 questions from the matching question bank and focuses on customer, fatf, financial, diligence, and program. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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Frequently Asked Questions

This quiz contains a total of 19 practice questions carefully selected to test your knowledge on this subject.
Yes, you will have exactly 0 minutes to complete the exam. A countdown timer will be visible once you start.
Yes, you can retake this practice test as many times as you need. The questions and options may be randomized on subsequent attempts to ensure comprehensive learning.

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