ACAMS CAMS-FCI Advanced CAMS-Financial Crimes Investigations Online Training
ACAMS CAMS-FCI Online Training
The questions for CAMS-FCI were last updated at Apr 01,2025.
- Exam Code: CAMS-FCI
- Exam Name: Advanced CAMS-Financial Crimes Investigations
- Certification Provider: ACAMS
- Latest update: Apr 01,2025
Law enforcement (LE) suspects human trafficking to occur during a major sporting event. LE officers asked several financial institutions (FIs) to monitor financial transactions occurring before, during, and after the event.
An investigator identified a pattern linked to a business. The business’ account received multiple even dollar deposits between midnight and 4:00 AM. They occurred each day for several days prior to the date of the sporting event. Also, large cash deposits, typically between 2,000 USD and 3,000 USD. made by a person to the business’ account occurred in many branches in the days after the sports event.
There was little information about the company. The company did not have any history of employee payroll expenses or paying taxes. Expenses from the business account included air travel and hotel expenses. Searches about the person making cash deposits showed little. An online social media platform webpage with the individual’s name showed ads for dates" and "companionship."
The Fl receives a keep open’ letter from LE for the identified account and agrees to keep the account open.
What is the Fl required to do?
- A . Contact the client for information relating to the account.
- B . Stop filing SAR/STR reports on the account and/or customer.
- C . Ensure that the request includes an end date.
- D . Notify LE immediately after new transactions.
Law enforcement (LE) suspects human trafficking to occur during a major spotting event. LE officers asked several financial institutions (FIs) to monitor financial transactions occurring before, during, and after the event.
An investigator identified a pattern linked to a business. The business* account received multiple even dollar deposits between midnight and 4:00 AM. They occurred each day for several days prior to the date of the sporting event. Also, large cash deposits, typically between 2,000 USD and 3.000 USD. made by a person to the business’ account occurred in many branches in the days after the sports event
There was little information about the company. The company did not have any history of employee payroll expenses or paying taxes. Expenses from the business account included air travel and hotel expenses. Searches about the person making cash deposits showed little. An online social media platform webpage with the individual’s name showed ads for dates" and "companionship."
If the investigator uncovers evidence that foreign nationals are involved in this activity, they should also note the possible presence of:
- A . tax fraud.
- B . black market peso exchange.
- C . trade-based laundering.
- D . human smuggling.
Law enforcement (LE) suspects human trafficking to occur during a major spotting event. LE officers asked several financial institutions (FIs) to monitor financial transactions occurring before, during, and after the event.
An investigator identified a pattern linked to a business. The business* account received multiple even dollar deposits between midnight and 4:00 AM. They occurred each day for several days prior to the date of the sporting event. Also, large cash deposits, typically between 2,000 USD and 3.000 USD. made by a person to the business’ account occurred in many branches in the days alter the sports event.
There was little information about the company. The company did not have any history of employee payroll expenses or paying taxes. Expenses from the business account included air travel and hotel expenses. Searches about the person making cash deposits showed little. An online social media platform webpage with the individual’s name showed ads for dates" and "companionship."
Which fact should not be included in (he SAR/STR narrative?
- A . The air travel and hotel expenses
- B . The time of the cash deposits
- C . The sporting event
- D . The request by law enforcement
Each month the automated transaction monitoring system generates alerts based on predetermined scenarios. An alert was generated in relation to the account activity of ABC Foundation.
Below is the transaction history for ABC Foundation (dates are in DD/MM/YYYY format).
The relationship manager for ABC Foundation contacts the client to request more information on the beneficiary of the transfer in Turkey. ABC Foundation advises that this is a not-for-profit charity group called ‘Forever Free."
Which is the best next step in the investigation?
- A . Contact the financial institution in Turkey that has a relationship with Forever Free and advise them of the investigation.
- B . Update the customer profile to include Forever Free as the recipient of the funds.
- C . Check the junsdiction’s list of known chanties with connections to terrorist activity.
- D . File a SAR/STR with the new information learned about the beneficiary.
An analyst reviews an alert for high volume Automated Clearing House (ACH) activity in an account. The analyst’s initial research finds the account is for a commercial daycare account that receives high volumes of large government-funded ACH transactions to support the programs. The account activity consists of checks (cheques) made payable to individual names in varying dollar amounts. One check indicates rent to another business.
An Internet search finds that the daycare company owner has previous government-issued violations for safety and classroom size needs, such as not having enough chairs and tables per enrollee. These violations were issued to a different daycare name.
Simultaneous to this investigation, another analyst sends an email about negative news articles referencing local child/adult daycare companies misusing governmental grants. This prompts the financial institution (Fl) to search all businesses for names containing daycare’ or care*. Text searches return a number of facilities as customers at the Fl and detects that three of these businesses have a similar transaction flow of high volume government ACH funding with little to no daycare expenses. The analyst determines that site visits should be conducted for the three daycare businesses.
Which observations at the on-site visits would justify writing a SAR/STR? (Select Three.)
- A . Signs of severe wear and poor maintenance at the site
- B . A site located in a commercial building
- C . Lights turned off at the site during operational hours
- D . Visible attendance with children being dropped off by parents
- E . Visible signage indicating the purpose of the building
- F . A full parking lot of cars with no staff at the site
An analyst reviews an alert for high volume Automated Clearing House (ACH) activity in an account. The analyst’s initial research finds the account is for a commercial daycare account that receives high volumes of large government-funded ACH transactions to support the programs. The account activity consists of checks (cheques) made payable to individual names in varying dollar amounts. One check indicates rent to another business.
An Internet search finds that the daycare company owner has previous government-issued violations for safety and classroom size needs, such as not having enough chairs and tables per enrollee. These violations were issued to a different daycare name.
Simultaneous to this investigation, another analyst sends an email about negative news articles referencing local child/adult daycare companies misusing governmental grants. This prompts the financial institution (Fl) to search all businesses for names containing ‘daycare’ or •care’. Text searches return a number of facilities as customers at the Fl and detects that three of these businesses have a similar transaction flow of high volume government ACH funding with little to no daycare expenses.
Which red flags would be an indicator that activity is connected to a corruption/bribery typology? (Select Two.)
- A . Large checks issued to various individuals with the memos noting "gift", "thank you", "favor"
- B . Negative news found on the customer related to government-issued violations for safety
- C . Checks issued to an unrelated entity referencing "rent" and "utilities" in the memos
- D . Multiple daycare locations with no active business operations or related account activity
- E . The same beneficial owner owning several daycare centers in different locations
An analyst reviews an alert for high volume Automated Clearing House (ACH) activity in an account. The analyst’s initial research finds the account is for a commercial daycare account that receives high volumes of large government-funded ACH transactions to support the programs. The account activity consists of checks (cheques) made payable to individual names in varying dollar amounts. One check indicates rent to another business.
An Internet search finds that the daycare company owner has previous government-issued violations for safety and classroom size needs, such as not having enough chairs and tables per enrollee. These violations were issued to a different daycare name.
Simultaneous to this investigation, another analyst sends an email about negative news articles referencing local child/adult daycare companies misusing governmental grants. This prompts the financial institution (Fl) to search all businesses for names containing daycare’ or ‘care1. Text searches return a number of facilities as customers at the Fl and detects that three of these businesses have a similar transaction flow of high volume government ACH funding with little to no daycare expenses. During the investigation, it was determined that some of the checks were issued to a mother-in-law of a PEP and deposited into her account with the Fl. This customer was not found on the Fl’s PEP list.
How should the investigator proceed in this situation"? (Select Two.)
- A . Conduct the investigation as usual, since the activity in question is not directly connected to the PEP.
- B . Reter the newly identified customers account for closure due to the high risk associated with the potential PEP.
- C . Use this case as an example to train employees to recognize potential PEPs during their investigation process.
- D . Send a referral to Sanctions/List Screening, or similar department/responsible individual, to ensure that the customer due diligence information is up to date.
- E . File a SAR/STR due to the potential involvement of a PEP.
An analyst reviews an alert for high volume Automated Clearing House (ACH) activity in an account. The analyst’s initial research finds the account is for a commercial daycare account that receives high volumes of large government-funded ACH transactions to support the programs. The account activity
consists of checks (cheques) made payable to individual names in varying dollar amounts. One check indicates rent to another business.
An Internet search finds that the daycare company owner has previous government-issued violations for safety and classroom size needs, such as not having enough chairs and tables per enrollee. These violations were issued to a different daycare name.
Simultaneous to this investigation, another analyst sends an email about negative news articles referencing local child/adult daycare companies misusing governmental grants. This prompts the financial institution (Fl) to search all businesses for names containing daycare’ or "care*. Text searches return a number of facilities as customers at the Fl and detects that three of these businesses have a similar transaction flow of high volume government ACH funding with little to no daycare expenses.
During the investigation, new suspicious patterns and trends related to check cashing are observed. The Fl decides to conduct a training to ensure that 1) the AML program is robust and 2) the training program is relevant and appropriate.
Which parties should be trained on emerging trends and red flags? (Select Two.)
- A . Financial crimes investigation unit
- B . Loan department
- C . Branch personnel
- D . Senior management
- E . The board of directors
A KYC specialist from the first line of defense at a bank initiates an internal escalation based on a
letter of credit received by the bank.
MEMO To: Jane Doe. Compliance Manager, Bank B From: Jack Brown, KYC Specialist, Bank B RE: Concerning letter of credit A letter of credit (LC) was received from a correspondent bank. Bank A. in Country A. in Asia with strict capital controls, providing guarantee of payment to Bank B’s client for the export of 10 luxury cars located in Country B. located in Europe. Bank A’s customer is a general in the army where Bank A is headquartered.
The information contained in the LC is as follows:
• Advising amount per unit 30.000.00 EU •10 units of BMW
• Model IX3
• Year of registration: 2020
Upon checks on Bank B’s client, the exporter mentioned that the transactions were particularly important, and a fast process would be much appreciated in order to avoid reputational damage to the firm and the banks involved in the trade finance process. The exporter has a longstanding relationship with Bank B and was clearly a good income generator. The exporter indicated that, as a general, the importer was trustworthy.
The relationship manager <RM) was contacted to conduct a full review of the exporter and to conduct a site visit.
Feedback from the RM:
The RM contacted the exporter for a client courtesy visit, but it was rearranged four times as the exporter kept cancelling the appointments. When the exporter was finally pinned down for an interview, employees were reluctant to provide clear answers about the basis of the transaction. The employees were evasive when asked about the wider business and trade activity in the country.
Findings from the investigation from various internal and external sources of information:
• There were no negative news or sanctions hits on the exporter company, directors, and shareholders.
• The registered address of the exporting business was a residential address.
• The price of the cats was checked and confirmed to be significantly below the market price of approximately 70,000 EU, based on manufacturer’s new price guide.
• The key controllers behind the exporting company, that is the directors and During the investigation, the investigator determines that a nephew of the general (Bank A’s customer) is a customer at Bank B.
Which step should the investigator take next?
- A . File a SAR/STR in relation to corruption involving the nephew and the general.
- B . Determine whether there is a business relationship between the nephew and the general.
- C . Seek senior management approval to continue the relationship with the nephew.
- D . Flag the nephew as a PEP by association.
A KYC specialist from the first line of defense at a bank initiates an internal escalation based on a
letter of credit received by the bank.
MEMO
To: Jane Doe. Compliance Manager, Bank B From: Jack Brown, KYC Specialist, Bank B RE: Concerning letter of credit A letter of credit (LC) was received from a correspondent bank. Bank A. in Country A. in Asia with strict capital controls, providing guarantee of payment to Bank B’s client for the export of 10 luxury cars located in Country B. located in Europe. Bank A’s customer is a general in the army where Bank A is headquartered.
The information contained in the LC is as follows:
• Advising amount per unit 30.000.00 EU
•10 units of BMW
• Model IX3
• Year of registration: 2020
Upon checks on Bank B’s client, the exporter mentioned that the transactions were particularly important, and a fast process would be much appreciated in order to avoid reputational damage to the firm and the banks involved in the trade finance process. The exporter has a longstanding relationship with Bank B and was clearly a good income generator. The exporter indicated that, as a general, the importer was trustworthy.
The relationship manager <RM) was contacted to conduct a full review of the exporter and to conduct a site visit.
Feedback from the RM:
The RM contacted the exporter for a client courtesy visit, but it was rearranged four times as the exporter kept cancelling the appointments. When the exporter was finally pinned down for an interview, employees were reluctant to provide clear answers about the basis of the transaction. The employees were evasive when asked about the wider business and trade activity in the country.
Findings from the investigation from various internal and external sources of information:
• There were no negative news or sanctions hits on the exporter company, directors, and shareholders.
• The registered address of the exporting business was a residential address.
• The price of the cats was checked and confirmed to be significantly below the market price of approximately 70,000 EU, based on manufacturer’s new price guide.
• The key controllers behind the exporting company, that is the directors and
During the investigation, the investigator determines that a nephew of the general…..
- A . should be treated well to avoid reputational damage to the bank
- B . is a high-net-worth individual
- C . should be flagged as a senior PEP.
- D . is a trustworthy source.