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Advanced CAMS-Financial Crimes Investigations Free Sample Questions

Description

Covers leading complex financial crime investigations, intermediate typologies such as terrorist financing and trafficking, reporting suspicious activity, and governing an investigations unit.

12 free sample questions159 in the full practice test

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CAMS-FCI Sample Questions

  1. Question 1

    Advanced

    Leading Complex Investigations · Investigative Mindset and Approach

    A senior investigator at a multinational bank is scoping a complex investigation involving a network of shell companies in three different jurisdictions. The initial alert was triggered by a sudden spike in wire transfers. To minimize confirmation bias during the initial hypothesis generation phase, which approach should the investigator prioritize?

    Answer and explanation

    Correct answer: D

    Confirmation bias occurs when an investigator focuses only on evidence that supports their initial feeling. The best practice in leading complex investigations is to use the 'Analysis of Competing Hypotheses' method, where one actively seeks to disprove the leading theory and considers alternative explanations (like legitimate business growth) before drawing a conclusion.

  2. Question 2

    Intermediate

    Leading Complex Investigations · Investigation Tools and Techniques

    During a retrospective review of a closed investigation, an audit team identifies that the investigation unit failed to detect a clear circular flow of funds indicative of a 'round-tripping' scheme. The investigator had reviewed individual transactions but failed to visualize the network. Which tool would have most effectively prevented this oversight?

    Answer and explanation

    Correct answer: B

    Link analysis is the specific tool designed to visualize relationships between entities. In a round-tripping scheme, funds move from Entity A -> B -> C -> A. A standard transactional list view often obscures this cycle, whereas a link analysis graph makes the circular relationship visually obvious immediately.

    graph LR A[Company A] -->|Send $1M| B[Company B] B -->|Send $950k| C[Company C] C -->|Send $900k| A style A fill:#f9f,stroke:#333 style B fill:#ccf,stroke:#333 style C fill:#ccf,stroke:#333

  3. Question 3

    Advanced

    Leading Complex Investigations · Cross-Border Investigation Coordination

    You are leading a cross-border investigation involving branches in the UK, USA, and Singapore. You identify a need to share specific customer transaction data from the Singapore branch with the US investigations team to support a SAR filing. Which critical factor must be evaluated FIRST before transferring this data?

    Answer and explanation

    Correct answer: D

    Cross-border investigations are heavily constrained by local data privacy and banking secrecy laws (e.g., GDPR in Europe, PDPA in Singapore). Even within the same global bank, transferring customer data across borders can violate local laws. The investigator must first verify if a legal gateway exists for this transfer or if data must be anonymized.

  4. Question 4

    Beginner

    Leading Complex Investigations · Investigation Tools and Techniques

    An investigator is analyzing a potential trade-based money laundering (TBML) case. They notice a shipment of 'Electronic Goods' valued at $2 million. Upon reviewing the Bill of Lading and cross-referencing with open-source pricing data, they find the actual market value of the goods is approximately $200,000. This discrepancy is best described as:

    Answer and explanation

    Correct answer: D

    Over-invoicing occurs when goods are invoiced at a price significantly higher than their fair market value. In this case, the exporter is charging $2M for goods worth $200k. This allows the importer to send $2M out of the country, effectively laundering the difference ($1.8M) under the guise of paying for goods.

  5. Question 5

    Intermediate

    Leading Complex Investigations · Presenting and Documenting Findings

    When documenting findings for a complex investigation that will likely result in a law enforcement referral, what is the primary purpose of maintaining a rigorous 'Chain of Custody' for digital evidence?

    Answer and explanation

    Correct answer: B

    Chain of custody is a legal concept documenting the chronological history of evidence. In financial crimes, if digital evidence (like server logs or email archives) is to be admissible in court, the investigator must prove it was collected, stored, and analyzed without opportunity for tampering. Failing this can lead to evidence being dismissed.

  6. Question 6

    Intermediate

    Leading Complex Investigations · Investigation Planning and Research

    A financial investigator is using Open Source Intelligence (OSINT) to verify a customer's Source of Wealth. The customer claims to own a large manufacturing plant. Which of the following OSINT techniques would provide the MOST reliable independent verification of the plant's existence and activity level?

    Answer and explanation

    Correct answer: D

    Self-reported data (websites, LinkedIn) is easily faked. Satellite imagery can confirm if a building actually exists at the stated address and if there is activity (cars in lot, trucks at loading docks). Corporate registry filings are official government documents that provide independent verification of legal standing and sometimes financial health.

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