CAMS-FCI exam material & Free CAMS-FCI AI Tutor

QUESTION: 11

An investigator at a corporate bank is conducting transaction monitoring alerts clearance. KYC profile background: An entity customer, doing business offshore in Hong Kong, established a banking business relationship with the bank in 2017 for deposit and loan purposes. It acts as an offshore investment holding company. The customer declared that the ongoing source of funds to this account comes from group-related companies.
· X is the UBO. and owns 97% shares of this entity customer;
· Y is the authorized signatory of this entity customer. This entity customer was previously the subject of a SAR/STR.
KYC PROFILE
Customer Name: AAA International Company. Ltd
Customer ID: 123456

Account Opened: June 2017
Last KYC review date: 15 Nov 2020
Country and Year of Incorporation: The British Virgin Islands, May 2017 AML risk level: High
Account opening and purpose: Deposits, Loans, and Trade Finance Anticipated account activities: 1 to 5 transactions per year and around 1 million per transaction amount
During the investigation, the investigator reviewed remittance transactions activities for the period from Jul 2019 to Sep 2021 and noted the following transactions pattern:
TRANSACTION JOURNAL
Review dates: from July 2019 to Sept 2021
For Hong Kong Dollars (HKD) currency:

Incoming transactions: 2 inward remittances of around 1.88 million HKD in total from different third parties
Outgoing transactions: 24 outward remittances of around 9 4 million HKD in total to different third parties
For United States Dollars (USD) currency:
Incoming transactions: 13 inward remittances of around 3.3 million USD in total from different third parties
Outgoing transactions: 10 outward remittances of around 9.4 million USD in total to different third parties.
RFI Information and Supporting documents:
According to the RFI reply received on 26 May 2021, the customer provided the bank with the information below:
1J All incoming funds received in HKD & USD currencies were monies lent from non-customers of the bank. Copies of loan agreements had been provided as supporting documents. All of the loan agreements were in the same format and all the lenders are engaged in trading business.
2) Some loan agreements were signed among four parties, including among lenders. borrower (the bank's customer), guarantor, and guardian with supplemental agreements, which stated that the customer, as a borrower, who failed to repay the loan
Which additional information would support escalating this account for closure?

The bank files SARs/STRs indicating that Y opened accounts for small companies located in close proximity to the bank.
A follow-up request reveals that the account receives funds from loans, collects payments from group-related companies, and sends the payments to the lenders.
A review of outward remittances reveals the same pattern of several simple steps for each transaction,
A review of X's personal bank account shows that X received wire transfers that aggregate the amounts transferred to the group-related companies.

Answer(s): C

Explanation:

A review of outward remittances reveals the same pattern of several simple steps for each transaction, which could indicate a layering scheme to obscure the origin and destination of the funds. This would support escalating this account for closure, as it is inconsistent with the customer's declared purpose and anticipated activities. The other options are not relevant or sufficient to warrant account closure.

Reference:

Advanced CAMS-FCI Certification | ACAMS

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QUESTION: 12

An investigator at a corporate bank is conducting transaction monitoring alerts clearance. KYC profile background: An entity customer, doing business offshore in Hong Kong, established a banking business relationship with the bank since 2017 for deposit and loan purposes. It acts as an offshore investment holding company. The customer declared that the ongoing source of funds to this account comes from group-related companies.
· X is the UBO. and owns 97% shares of this entity customer;
· Y is is the authorized signatory of this entity customer. This entity customer was previously the subject of a SAR/STR.
KYC PROFILE
Customer Name: AAA International Company. Ltd
Customer ID: 123456
Account Opened: June 2017
Last KYC review date: 15 Nov 2020
Country and Year of Incorporation: The British Virgin Islands, May 2017 AML risk level: High
Account opening and purpose: Deposits, Loans and Trade Finance Anticipated account activities: 1 to 5 transactions per year and around 1 million per transaction amount
During the investigation, the investigator reviewed remittance transactions activities for the period from Jul 2019 to Sep 2021 and noted the following transactions pattern:
TRANSACTION JOURNAL
Review dates: from July 2019 to Sept 2021
For Hong Kong Dollars (HKD) currency:
Incoming transactions: 2 inward remittances of around 1.88 million HKD in total from different third parties
Outgoing transactions: 24 outward remittances of around 9 4 million HKD in total to different third parties
For United States Dollars (USD) currency:
Incoming transactions: 13 inward remittances of around 3.3 million USD in total from different third parties
Outgoing transactions: 10 outward remittances of around 9.4 million USD in total to different third parties.
RFI Information and Supporting documents:
According to the RFI reply received on 26 May 2021, the customer provided the bank with the information below:
1) All incoming funds received in HKD & USD currencies were monies lent from non-customers of the bank. Copies of loan agreements had been provided as supporting documents. All of the loan agreements were in the same format and all the lenders are engaged in trading business.
2) Some loan agreements were signed among four parties, including among lenders. borrower (the bank's customer), guarantor, and guardian with supplemental agreements, which stated that the customer, as a borrower, who failed to repay the loan
After reviewing the transaction journal, request for information response, and supporting documentation, the investigator determines that additional information is needed.
Which additional information should the investigator request?

Previously filed SARVSTR unrelated to the customer, but similar in content
Formation document/description of the group-related companies
Source of the incoming funds to the group-related companies
Adverse news screening on all names listed in the formation documents

Answer(s): C

Explanation:

The additional information that the investigator should request is the source of the incoming funds to the group-related companies. This is because the customer declared that the ongoing source of funds to this account comes from group-related companies, but the transaction journal shows that the customer received funds from different third parties, not from group-related companies. Therefore, the investigator should verify the relationship and legitimacy of these third parties and their funds with the customer and the group-related companies. The other options are not relevant or necessary for this investigation.

Reference:

Advanced CAMS-FCI Certification | ACAMS

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QUESTION: 13

CLIENT INFORMATION FORM Client Name: ABC Tech Corp Client ID. Number: 08125 Name: ABC Tech Corp Registered Address: Mumbai, India Work Address: Mumbai, India Cell Phone: "*·"'" Alt Phone:
"*""* Email: ........"
Client Profile Information:
Sector: Financial
Engaged in business from (date): 02 Jan 2020 Sub-sector: Software-Cryptocurrency Exchange Expected Annual Transaction Amount: 125,000 USD Payment Nature: Transfer received from clients' fund
Received from: Clients
Received for: Sale of digital assets
The client identified itself as Xryptocurrency Exchange." The client has submitted the limited liability partnership deed. However, the bank's auditing team is unable to identify the client's exact business profile as the cryptocurrency exchange specified by the client as their major business awaits clearance from the country's regulator. The client has submitted documents/communications exchanged with the regulator and has cited the lack of governing laws in the country of their operation as the reason for the delay.
During the financial crime investigation, the investigator discovers that some of the customer due diligence (CDD) documents submitted by the client were fraudulent. The investigator also finds that some of the information in the financial institution's information depository is false.
What should the financial crime investigator do next?

Report collusion between the cryptocurrency exchange and internal staff in the internal hotline or whistle-blowing channel.
Request that the relationship manager conduct a CDD refresh as it is a material trigger.
Escalate to the compliance officer/money laundering reporting officer to file a SAR/STR.
Contact the client directly and obtain the relevant notarized documents and information.

Answer(s): C

Explanation:

The correct answer is C. Escalate to the compliance officer/money laundering reporting officer to file a SAR/STR. This is because the financial crime investigator has found evidence of fraudulent documents and false information, which indicate a high risk of money laundering or other financial crimes. The investigator should not contact the client directly, as this may tip them off or compromise the investigation. The investigator should also not report collusion between the cryptocurrency exchange and internal staff, as this is an assumption that has not been verified. The investigator should not request a CDD refresh, as this is not sufficient to address the serious issues identified.

Reference:

Advanced CAMS-FCI Study Guide, page 291
Advanced CAMS-FCI Study Guide, page 311
Advanced CAMS-FCI Study Guide, page 331
1: https://www.acams.org/en/certifications/advanced-cams/advanced-financial-crimes- investigations

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QUESTION: 14

CLIENT INFORMATION FORM Client Name: ABC Tech Corp Client I.D. Number: 08125 Name: ABC Tech Corp Registered Address: Mumbai, India Work Address: Mumbai. India Cell Phone: **·"-- Alt Phone: Email: *·*·*«·*·
Client Profile Information:
Sector: Financial
Engaged in business from (date): 02 Jan 2020
Sub-sector: Software-Cryptocurrency Exchange
Expected Annual Transaction Amount: 125.000 USD
Payment Nature: Transfer received from client's fund
Received from: Clients
Received for: Sale of digital assets
The client identified themselves as "Cryptocurrency Exchange" Client has submitted the limited liability partnership deed. However, the bank's auditing team is unable to identify the client's exact business profile as the cryptocurrency exchange specified by the client as their major business awaits clearance from the country's regulator. The client has submitted documents/communications exchanged with the regulator and has cited the lack of governing laws in the country of their operation as the reason for the delay.
Investigators determine the ultimate beneficial owner of ABC Tech Corp is a high-net-worth client. The client owns a real estate agency left to her when her spouse died. The spouse provided seed capital for ABC Tech Corp through a direct 1,000.000 Great British Pound (GBP) deposit.
What additional information would trigger filing a SAR/STR?

The client's spouse's source of wealth was a salary of 250,000 GBP per annum for the past 4 years and rental of properties of 150,000 GBP per annum for the past 6 years.
The client's current net asset value is 8 million GBP, of which 7.5 million GBP was derived from the inheritance.
An open-source search revealed that the client's spouse was a PEP.
The funds for the seed capital were in the form of 50 cashier's checks of 10,000 GBP each and 50 money orders of 10,000 GBP.

Answer(s): D

Explanation:

The additional information that would trigger filing a SAR/STR is the fact that the funds for the seed capital were in the form of 50 cashier's checks of 10,000 GBP each and 50 money orders of 10,000 GBP. This is because this indicates a possible attempt to avoid the reporting threshold of 10,000 GBP for cash transactions, which is a common money laundering technique known as structuring or smurfing12. The other options are not necessarily suspicious, as they do not involve cash transactions or indicate any illicit source of funds. The fact that the client's spouse was a PEP does not automatically make the transaction suspicious unless there are other red flags or risk factors associated with the PEP34

Reference:

1: Money Laundering Techniques
2: Structuring
3: Politically exposed person
4: PEP Definition & Meaning - Merriam-Webster

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QUESTION: 15

During transaction monitoring. Bank A learns that one of their customers. Med Supplies 123. is attempting to make a payment via wire totaling 382,500 USD to PPE Business LLC located in Mexico to purchase a large order of personal protective equipment. specifically surgical masks and face shields. Upon further verification. Bank A decides to escalate and refers the case to investigators. Bank A notes that, days prior to the above transaction, the same customer went to a Bank A location to wire 1,215,280 USD to Breath Well LTD located in Singapore. Breath Well was acting as an intermediary to purchase both 3-ply surgical masks and face shields from China. Bank A decided not to complete the transaction due to concerns with the involved supplier in China. Moreover, the customer is attempting to send a third wire in the amount of 350,000 USD for the purchase of these items, this time using a different vendor in China. The investigator must determine next steps in the investigation and what actions, if any. should be taken against relevant parties.
During the investigation, Bank A receives a USA PATRIOT Act Section 314(a) request related to Med Supplies 123.

Which steps should the investigator take when fulfilling the request? (Select Three.)

Exit the relationship with the business since it appears that customer is under investigation.
Do not respond to Financial Crimes Enforcement Network (FinCEN) if the requested information is not present in the financial institution's system of records.
Review the account(s) activity and proactively file a SAR/STR using the 314(a) request as the basis for the filing.
Report to Financial Crimes Enforcement Network (FinCEN) that a match was found without revealing any other details.
Report back to the Financial Crimes Enforcement Network (FinCEN) within 15 days of receipt of the request via a secure internet website.
Search its records expeditiously to determine whether it maintains(ed) any accounts for the subject(s) listed in the request.

Answer(s): D,E,F

Explanation:

According to the FinCEN's 314(a) Fact Sheet1, the steps that the investigator should take when fulfilling the request are:

Search its records expeditiously to determine whether it maintains(ed) any accounts for the subject(s) listed in the request. This is option F .
Report back to the Financial Crimes Enforcement Network (FinCEN) within 15 days of receipt of the request via a secure internet website. This is option E. Report to Financial Crimes Enforcement Network (FinCEN) that a match was found without revealing any other details. This is option D .
The other options are incorrect because:

Exiting the relationship with the business since it appears that customer is under investigation is not required by the 314(a) program and may interfere with law enforcement's investigation. This is option A .
Not responding to Financial Crimes Enforcement Network (FinCEN) if the requested information is not present in the financial institution's system of records is contrary to the 314(a) program, which requires financial institutions to respond whether or not they have a match. This is option B . Reviewing the account(s) activity and proactively filing a SAR/STR using the 314(a) request as the basis for the filing is not appropriate, as the 314(a) request itself is not a sufficient reason to file a SAR/STR. The financial institution should only file a SAR/STR if it has its own independent suspicion of money laundering or terrorist financing. This is option C .

Reference:

1: FinCEN's 314(a) Fact Sheet

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DAX Transaction Category = CALCULATE( MAX('Transaction Size'[Size]), FILTER( 'Transaction Size', AND( Sales[Sales Amount] >= 'Transaction Size'[Minimum], Sales[Sales Amount] <= 'Transaction Size'[Maximum] ) ) )

What the CAMS-FCI Exam Tests and How to Pass It

The Advanced CAMS-Financial Crimes Investigations (CAMS-FCI) certification is designed for professionals who operate at the intersection of financial intelligence and regulatory compliance. This certification is intended for individuals working in roles such as financial crime investigators, compliance officers, and anti-money laundering specialists who need to demonstrate advanced proficiency in conducting complex investigations. Financial institutions, regulatory bodies, and law enforcement agencies often seek candidates with this credential because it validates a deep understanding of how to detect, analyze, and report sophisticated financial crimes. By earning this ACAMS certification, professionals prove they possess the specialized skills required to navigate the intricate landscape of modern financial crime, which is essential for maintaining institutional integrity and meeting global regulatory standards.

What the CAMS-FCI Exam Covers

The CAMS-FCI exam evaluates a candidate's ability to apply theoretical knowledge to practical, real-world scenarios involving financial crime. The curriculum focuses heavily on the governance of an AFC investigations unit, ensuring that candidates understand the structural and procedural requirements necessary to maintain an effective compliance function. Furthermore, the exam tests the ability to lead complex investigations, which requires a synthesis of investigative techniques, data analysis, and critical thinking. Candidates must also demonstrate proficiency in financial crime typologies at an intermediate level, allowing them to identify patterns and anomalies that indicate illicit activity. Finally, the exam covers the critical process of reporting suspicious activity, ensuring that investigators know how to document their findings in a manner that is both legally sound and actionable for law enforcement. Our practice questions are structured to mirror these core domains, providing a comprehensive way to test your readiness across all required areas.

The most technically demanding aspect of the CAMS-FCI exam involves the practical application of leading complex investigations and identifying nuanced financial crime typologies. This area is challenging because it moves beyond simple definitions and requires candidates to analyze multifaceted scenarios where the correct course of action may not be immediately obvious. To succeed, you must demonstrate a deep understanding of how to connect disparate pieces of information, such as transaction logs, entity relationships, and behavioral patterns, to form a coherent investigative narrative. Candidates need to be comfortable with the ambiguity often found in real-world investigations, as the exam tests your ability to make sound professional judgments under pressure.

Are These Real CAMS-FCI Exam Questions?

The practice questions available on our platform are sourced and verified by a dedicated community of IT professionals and recent test-takers who have sat for the actual exam. We prioritize accuracy and relevance, ensuring that our questions reflect what appears on the real exam because they are sourced from the community of people who have experienced the testing environment firsthand. If you have been searching for CAMS-FCI exam dumps or braindump files, our community-verified practice questions offer something more valuable. Each question is verified and explained by IT professionals who recently passed the exam, providing you with the context and reasoning necessary to master the material rather than simply memorizing patterns. We do not provide unauthorized or leaked content, as our focus remains on legitimate study aids that help you understand the core concepts tested by ACAMS.

Community verification works by allowing users to engage with the material, discuss specific answer choices, and flag any questions that may require clarification or updates. This collaborative process ensures that the content remains current and accurate, as users share insights from their recent exam experience to help others prepare effectively. When a question is debated or discussed, it provides a deeper layer of understanding that static study guides cannot offer. This collective intelligence is what makes our practice questions a reliable resource for your exam preparation journey.

How to Prepare for the CAMS-FCI Exam

Effective preparation for the CAMS-FCI exam requires a disciplined approach that emphasizes understanding concepts over rote memorization. You should build a consistent study schedule that allows you to review official documentation provided by ACAMS while simultaneously applying that knowledge through hands-on practice. Every practice question includes a free AI Tutor explanation that breaks down the reasoning behind the correct answer, so you understand the concept, not just the answer. This tool is designed to help you identify gaps in your knowledge and reinforce your understanding of complex topics like reporting suspicious activity or governance structures. By engaging with these explanations, you can develop the analytical mindset required to tackle the scenario-based questions that are central to this certification exam.

A common mistake candidates make when preparing for the CAMS-FCI exam is relying too heavily on memorizing definitions instead of practicing how to apply them in a professional context. Because the exam is heavily scenario-based, you must be able to synthesize information and make decisions based on the specific facts presented in each question. Another frequent error is failing to manage time effectively during practice sessions, which can lead to difficulties when facing the time constraints of the actual exam. To avoid these pitfalls, treat your practice sessions as simulations of the real testing environment, focusing on both the accuracy of your answers and the speed at which you can process complex information.

What to Expect on Exam Day

On the day of your CAMS-FCI exam, you should be prepared for a rigorous assessment that tests your ability to apply advanced investigative techniques. The exam typically consists of multiple-choice and scenario-based questions that require you to analyze data and make informed decisions regarding financial crime investigations. While the specific number of questions and the exact passing score can vary, the exam is administered through a secure testing environment, such as Pearson VUE, to ensure the integrity of the certification process. You will have a set amount of time to complete the exam, so it is important to pace yourself and read each scenario carefully before selecting your answer. Familiarizing yourself with the exam interface and the types of questions you will encounter is a critical part of your overall exam prep strategy.

Who Should Use These CAMS-FCI Practice Questions

These practice questions are intended for experienced financial crime professionals, such as investigators, compliance analysts, and risk managers, who are looking to validate their expertise with the Advanced CAMS-Financial Crimes Investigations certification. If you are aiming to advance your career in the anti-money laundering or financial intelligence sector, this certification exam serves as a key milestone in demonstrating your professional competence. Candidates who have several years of experience in the field and are ready to move into more complex, leadership-oriented investigative roles will find these resources particularly beneficial. Using these materials as part of your exam preparation will help you build the confidence and knowledge necessary to succeed on your first attempt.

To get the most out of these practice questions, do not simply read the correct answer and move on to the next item. Instead, engage deeply with the AI Tutor explanation to understand the underlying logic, and participate in the community discussions to see how other professionals interpret the scenarios. If you find yourself consistently getting certain types of questions wrong, flag them and revisit those topics in your official study materials until you feel comfortable. Browse the questions above and use the community discussions and AI Tutor to build real exam confidence.

ACAMS CAMS-FCI Exam Prep Advanced CAMS-Financial Crimes Investigations (Page 9 )

QUESTION: 11

Explanation:

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QUESTION: 12

Explanation:

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QUESTION: 13

Explanation:

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QUESTION: 14

Explanation:

Reference:

QUESTION: 15

Explanation:

Reference:

What the CAMS-FCI Exam Tests and How to Pass It

What the CAMS-FCI Exam Covers

Are These Real CAMS-FCI Exam Questions?

How to Prepare for the CAMS-FCI Exam

What to Expect on Exam Day

Who Should Use These CAMS-FCI Practice Questions

ACAMS CAMS-FCI Exam Prep
Advanced CAMS-Financial Crimes Investigations (Page 9 )