CAMS Exam Practice Test (+detailed explanations)

Description

Let me introduce myself a little bit. My name is Vivian and now I am living in a country in Asia – Pacific Region. I have AML experience in 03 international banks: HSBC, Deutsche Bank, MUFG as well as in one of the world’s leading blockchain and cryptocurrency infrastructure providers. Of course, I have already got a CAMS certificate. Therefore, I totally understand your feeling when studying CAMS. Y'ALL, don't worry! I have been there!!!!!!!!

You can't memorize anything even after studying a lot, especially Chapter 2?

Reading pages of long content makes you fall asleep.

Taking mock tests doesn’t really help you because of lacking detailed explanations.

I know that there are a lot of candidates who can’t pass the CAMS exam by lacking patience and concentration. In my opinion as well as based on my experience, the ACAMS exam is not tough like the CFA or ACCA, but it still requires us to go through all the knowledge in the book.

This test includes 200 questions covering all chapters in the textbook: Risks and methods of money laundering and terrorist financing (Chapter 1), International AML/CFT Standards (Chapter 2), Anti-Money Laundering/Counter-Terrorist Financing Compliance Programs (Chapter 3), Conducting and Responding to Investigations (Chapter 4), Glossary of Terms (Chapter 5). There are several types of questions in this test such as Yes/No questions, Situational questions, multiple-choice questions, multi-select questions, fill-in-blank questions. Most importantly, each question has a clear answer with very detailed explanations and pointing out which part of the book you should revise. This test not only helps you to revise your knowledge but also prepares you for the physiological rigors of the exam. Practice makes perfect!!!!!

Here are my tips. I hope it will help you guys to pass the exam.

1. You should read the study guide at least 03 times.

- The first time: roughly read the whole study guide. It is normal if you can’t remember all the knowledge because the amount of content is large. However, you should try your best to get to know the concepts.

- The second time: After understanding, I summarized each chapter in my own way. I highlighted contents which I considered to be important or hard to remember.

- The third time: review and try to memorize the content in your summary. (Finally, you should take the mock test. In case you get wrong answers, you open the book and only review the related content).

2. I know many people said that questions in Chapter 6 are quite easy so you can ignore or skim through the questions. No no, try to understand and remember all the questions & answers in this chapter. Believe me, you will thank me when you have already taken the real exam.

3. When you take the exam, make sure that you reach each question carefully & carefully & carefully. Be prepared that 30% of questions in the exam are long scenario-based questions.

4. I know many test takers have years of experience in this field so they ignore the study guide and just use their experience to take the exam. DON’T DO THAT. Experience is subjective. 99% of questions are taken from books. You can ignore all e-learning from the website of CAMS (except for the sample questions). Remember that STUDY GUIDE IS VERY IMPORTANT.

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