Passed Exam on First Try But It Was Hard
Hi there,
Passed CAMS7_ENU on first try with 78. I did the take-home test, btw. Used the exam simulator a lot, got 102 - 110 in the simulator (it helped me but not much). The exam was hard because of the topics in my exam. I've memorized everything about 40 recommendations, OFAC, and Patriot Act, but there was only 2 or 3 questions about them. You can see the most topics that I've encountered during the test.
AML risks in insurance,
Gambling and money laundering,
Data security,
PPPs,
Duties and functions of correspondent banks,
Duties and functions of FATF,
EU and UN AML associations,
Wolfsberg,
Egmont Group,
AML duties of financial institutions and how to set up an AML program,
How to protect private data, and what are the laws (in the EU),
Money laundering in the gaming industry,
Money laundering methods in real estate,
Money laundering risks in crypto and virtual product/service providers (there were 4-5 difficult questions),
There was 1 OFAC question, it was an easy one, most were multiple choice (2-3-4 options).
There were 30-40 scenario-based questions.