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Guide for CAMS-FCI: Prepare for Acams Advanced CAMS-Financial Crimes Investigations

Quiz CAMS-FCI: Prepare for Acams Advanced CAMS-Financial Crimes Investigations

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/ 10

Quiz

1/10
Governance of an AFC Investigations Unit
A financial institution is establishing a new Anti-Financial Crime (AFC) Investigations Unit. Which of the following governance elements is most critical to define first?
Select the answer
1 correct answer
A.
The number of full-time investigators to be hired
B.
The reporting line structure and escalation framework
C.
The technology platform to be deployed for case management
D.
The training schedule for newly onboarded investigators

Quiz

2/10
Leading Complex Investigations
A financial investigator is reviewing an account where a customer receives large wire transfers from multiple overseas entities and immediately withdraws funds in cash. Which investigative step should be prioritized FIRST?
Select the answer
1 correct answer
A.
Immediately close the account and exit the customer relationship
B.
Conduct a comprehensive review of the customer's transaction history, KYC profile, and stated business purpose to assess whether the activity is consistent with the risk profile
C.
File a SAR based solely on the presence of cash withdrawals
D.
Contact the customer directly to ask about the source of the wire transfers

Quiz

3/10
Financial Crime Typologies – Intermediate
Which of the following best describes the "loan-back" money laundering technique?
Select the answer
1 correct answer
A.
Criminals obtain a bank loan and default, causing the bank to absorb losses
B.
A criminal deposits illicit funds in a foreign bank, then takes a loan from that bank using the deposited funds as collateral, repaying the loan with additional illicit funds to create a documented income stream
C.
A criminal uses stolen identity information to obtain consumer loans
D.
Criminals establish a payday lending company to collect usurious interest from vulnerable borrowers

Quiz

4/10
Reporting Suspicious Activity
Under US BSA requirements, within how many days must a financial institution file a SAR after initially detecting a suspicious transaction where the subject has been identified?
Select the answer
1 correct answer
A.
14 days
B.
30 days
C.
60 days
D.
90 days

Quiz

5/10
Governance of an AFC Investigations Unit
When developing a charter for an AFC Investigations Unit, which component best ensures investigative independence?
Select the answer
1 correct answer
A.
Requiring investigators to obtain business line approval before opening cases
B.
Granting the unit authority to independently open, investigate, and close cases
C.
Embedding investigators within each business line to improve communication
D.
Requiring all case closures to be approved by the Chief Revenue Officer

Quiz

6/10
Leading Complex Investigations
During a complex investigation, an investigator identifies that multiple customers across different branches share the same IP address for online banking. What does this most likely indicate, and what should the investigator do next?
Select the answer
1 correct answer
A.
This indicates normal behavior for customers who use public Wi-Fi and requires no further action
B.
This may indicate coordinated account activity, potentially linked to an organized crime network, and the investigator should map the account relationships and review transaction patterns across all linked accounts
C.
The investigator should immediately freeze all accounts sharing the IP address
D.
This should be referred exclusively to the IT department as a cybersecurity matter

Quiz

7/10
Financial Crime Typologies – Intermediate
What distinguishes trade-based money laundering (TBML) from other forms of layering?
Select the answer
1 correct answer
A.
TBML exclusively involves the import of counterfeit goods
B.
TBML uses the international trade system — manipulating invoices, shipping documents, and trade finance instruments — to transfer value across borders while creating a legitimate commercial appearance
C.
TBML only occurs in jurisdictions without trade finance regulations
D.
TBML requires the involvement of a corrupt customs official in every instance

Quiz

8/10
Reporting Suspicious Activity
What is the minimum dollar threshold for filing a SAR by a bank or depository institution in the United States for a transaction that involves potential money laundering?
Select the answer
1 correct answer
A.
$2,000
B.
$5,000
C.
$10,000
D.
$25,000

Quiz

9/10
Governance of an AFC Investigations Unit
A large bank's AFC Investigations Unit is experiencing significant investigator turnover. Which governance measure would most effectively address this as a systemic risk?
Select the answer
1 correct answer
A.
Increasing the number of transaction monitoring alerts generated
B.
Conducting a workforce capacity and skills gap analysis and presenting findings to senior management
C.
Requiring investigators to document all cases in greater detail before departing
D.
Outsourcing all investigations to a third-party vendor

Quiz

10/10
Leading Complex Investigations
An investigator is managing a complex investigation involving a potential shell company structure used to layer illicit funds. Which investigative tool or technique would be MOST useful for establishing beneficial ownership?
Select the answer
1 correct answer
A.
Reviewing the subject company's marketing website
B.
Using corporate registry databases, beneficial ownership databases, and open-source intelligence (OSINT) to trace ownership structures through multiple layers of entities
C.
Asking the subject company's primary relationship manager for their opinion
D.
Reviewing only the documents provided by the customer during onboarding
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  • Quiz name:CAMS-FCI: Prepare for Acams Advanced CAMS-Financial Crimes Investigations
  • Total number of questions:200
  • Number of questions for the test:50
  • Pass score:80%

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