Certified Anti-Money Laundering Specialist (6th edition)
CAMS
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Real Questions
1
Risks and Methods of Money Laundering and Terrorism Financing 26%
1.1
AML Law Violations - Individual and Institutional Risks
2 subtopics1.1.1Individual Risks for AML Violations
1.1.2Institutional Risks for AML Violations
Learning Objectives
- Identify the risks to individuals for violations of AML laws
- Identify the risks to institutions for violations of AML laws
1.2
Economic and Social Consequences
2 subtopics1.2.1Economic Impact of Money Laundering
1.2.2Social Consequences
Learning Objectives
- Identify economic and social consequences of money laundering
1.3
Sanctions Programs
1 subtopics1.3.1International Sanctions Regimes
Learning Objectives
- Identify the purpose of sanctions being imposed (e.g., OFAC, UN, EU)
1.4
Terrorism Financing Methods
1 subtopics1.4.1Financing Techniques
Learning Objectives
- Identify methods to finance terrorism
1.5
Money Laundering in Financial Sectors
4 subtopics1.5.1Banks and Deposit-Taking Institutions
1.5.2Insurance Companies
1.5.3Securities and Capital Markets
1.5.4Money Services Businesses
Learning Objectives
- Identify methods to launder money in various financial sectors
- Recognize red flags across different financial services
1.6
Money Laundering in Non-Financial Sectors
4 subtopics1.6.1Gaming and Casinos
1.6.2Real Estate
1.6.3Precious Metals and High-Value Items
1.6.4Professional Services
Learning Objectives
- Identify ML methods in non-financial sectors
- Recognize sector-specific vulnerabilities and red flags
1.7
Emerging Risks and Technology
2 subtopics1.7.1Virtual Assets and Cryptocurrency
1.7.2Cyber-Enabled Financial Crime
Learning Objectives
- Identify emerging risks associated with technology
- Recognize red flags in digital transactions
1.8
Trade-Based Money Laundering
1 subtopics1.8.1TBML Techniques
Learning Objectives
- Identify red flags that indicate trade-based money laundering
Domain Hands-on Skills
Red flag identificationTypology recognitionRisk assessmentPattern analysis
Common Mistakes to Avoid
- Confusing placement, layering, and integration stages
- Missing sector-specific vulnerabilities
- Overlooking emerging technology risks
2
Compliance Standards for AML and CFT 25%
3
AML, CFT and Sanctions Compliance Programs 28%
4