Most of the questions in the actual CAMS exam comes with a long paragraph of questions you need to read and comprehend. Quite often, the question itself is so difficult, that it gives you some hints that persuade you to choose the correct answer.
There will not be any definition for you to memorize but more like a realistic question. A comparable example is a question for handling "customers" and "new visitors" that will come with different answers. It depends on what you will do
For such questions, make sure you go through the questions over and over again. In our experience, test takers who go through the question once only will select the wrong option. We suggest that when you give the exams, read the question and then look for the correct option for you to choose and go back to the question again. Very often, you will have a much better picture of the question if you understand it first.
Unless you are very clear of each FATF, FSRB, CFATF, Basel Committee, features and definition. Basically giving you a question and asking you to select the group that will fit in handling or which company have issued the terms and conditions is not easy. Compare to most of the MC exams useful techniques that you can apply. The real CAMS exam often supplies all options that may only have one or two wordings difference. Even worse is that these options are all correct if you look at the statement only.
Many candidates do not notice that in the real exam, Very often you are given 5 or even 6 options and to select 2 or 3 that is correct. Many candidates who do not select all of them correctly will not score you the mark in the exam.
The truth is not all the questions that appear in the examinations come from the study manual. The study manual itself covers much important information and allow the test takers to understand the foundation of AML. The test takers knowledge and understanding of recent AML trends and common sense has to be applied to get good results.
TThe short answer is it requires the understanding of the candidate. While not a lot of content would require understanding information, for example, reporting threshold on the latest directive. There is a part of the exam which would require the candidate to understand and memorize. As for the CAMS examination test-takers research around 20-25% of the exam questions require memorization and understanding to answer the questions correctly without General knowledge, it is very likely a candidate will fail the examination