Exam CAMS7 Topic 1 Question 70 Discussion

Actual exam question for ACAMS's CAMS7 exam
Question #: 70
Topic #: 1
A bank notices inconsistent flagging of blockchain transactions due to the lack of standardized payment message formats.
What feature should be prioritized in the transaction screening tool to address this issue?

Suggested Answer: C Vote an answer

Blockchain transactions differ fundamentally from traditional payments because they lack standardized messaging formats such as SWIFT MT or ISO 20022. As a result, conventional screening tools may struggle to consistently detect risks.
Integration with blockchain analytics providers allows institutions to enrich raw blockchain data with contextual intelligence, including wallet attribution, transaction flows, exposure to illicit services, sanctions- linked wallets, and typologies such as mixers and tumblers.
This integration enhances consistency, improves risk detection, and supports sanctions and AML obligations specific to virtual assets. Manual review is not scalable, and focusing only on known wallet addresses creates blind spots. Enhancing traditional payment screening does not address blockchain-specific challenges.

by Clifford at Mar 07, 2026, 07:51 PM

Limited Time Offer

15%

Off

Get Premium CAMS7 Questions as Interactive Self Test Engine or PDF

Comments

Chosen Answer:
This is a voting comment (?) , you can switch to a simple comment.
Switch to a voting comment New
Nick name: Submit Cancel
A voting comment increases the vote count for the chosen answer by one.

Upvoting a comment with a selected answer will also increase the vote count towards that answer by one. So if you see a comment that you already agree with, you can upvote it instead of posting a new comment.
0
0
0
10