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ACAMS PREP MOCK 2026 EXAM COMPLETE
CURRENT TESTING (141) QUESTIONS AND
DETAILED CORRECT ANSWERS|GUARANTEED
PASS.
ACAMS
Prepare for the ACAMS Prep Mock Exam with this concise study
resource covering anti-money laundering principles, financial
crime prevention, and regulatory compliance. It reinforces key
concepts aligned with certification standards from the
Association of Certified Anti-Money Laundering Specialists.
Suitable for professionals preparing for AML and financial
compliance certification exams.
An anti-money laundering specialist working at a bank just
received a legal request from a law enforcement agency
mandating the release of all financial transaction records
relating to an account at the bank. The specialist
immediately recognizes the account as one owned by the
bank Chief Executive Officer's brother. During research to
gather the requested documents, the specialist finds several
internal memos he had sent to the bank president with
concerns regarding possible suspicious activity relating to
this account. The specialist recalls the bank president
, Page 2 of 48
verbally responded to each memo with an explanation of the
activity and indicated there was no cause for concern. What
should the specialist do with respect to these internal
memos? ✓ ✓ ...... ANSWER ....... Advise the bank's
senior legal advisor of the situation.
Why would a credit card account likely not be used in the
placement stage of money laundering? ✓ ✓ ...... ANSWER
....... Cash payments are generally restricted.
Which action should an FIU consider taking when it has
information that might be useful to another FIU? ✓ ✓ ......
ANSWER ....... Supply the information to the other FIU
spontaneously as soon as the relevance of sharing the
information is identified.
What should senior management do in order to promote a
culture of anti-money laundering compliance? ✓ ✓ ......
ANSWER ....... They should include compliance with AML
procedures as a condition of employment.
What is the result of an increased awareness of the potential
for gatekeepers to assist in money laundering in recent
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years? ✓ ✓ ...... ANSWER ....... Lawyers who represent
money launderers can more easily be prosecuted
What are some red flags financial institutions should be
aware of when trying to verify the identity of a customer? ✓
✓ ...... ANSWER ....... customer having unusual
documents from a foreign country
customer having no permanent address
customer not having a connected phone
What are three potential issues for foreign financial
institutions maintaining correspondent accounts with U.S.
banks under the Patriot Act ✓ ✓ ...... ANSWER .......
cancellation of correspondent banking relationships
forfeiture of funds in a U.S. inter-bank account
Prohibition of correspondent accounts for shell banks
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The bank for International Settlements provides the
secretariat for which organization? ✓ ✓ ...... ANSWER .......
The Basel Committee
Which three are examples of best practices terms of
ensuring an adequate AML program? ✓ ✓ ...... ANSWER
....... Review applicable domestic and international AML
guidance
Perform a risk analysis on a regular basis and compare it to
the coverage of the AML program
Review the accuracy of account opening operations
When the minimum CDD standards of the home and host
countries differ, the offices in the host countries should
follow which requirements? ✓ ✓ ...... ANSWER ....... The
higher standards of the two
To ensure that an institution's anti-money laundering
program is current, which step should be taken? ✓ ✓ ......
ACAMS PREP MOCK 2026 EXAM COMPLETE
CURRENT TESTING (141) QUESTIONS AND
DETAILED CORRECT ANSWERS|GUARANTEED
PASS.
ACAMS
Prepare for the ACAMS Prep Mock Exam with this concise study
resource covering anti-money laundering principles, financial
crime prevention, and regulatory compliance. It reinforces key
concepts aligned with certification standards from the
Association of Certified Anti-Money Laundering Specialists.
Suitable for professionals preparing for AML and financial
compliance certification exams.
An anti-money laundering specialist working at a bank just
received a legal request from a law enforcement agency
mandating the release of all financial transaction records
relating to an account at the bank. The specialist
immediately recognizes the account as one owned by the
bank Chief Executive Officer's brother. During research to
gather the requested documents, the specialist finds several
internal memos he had sent to the bank president with
concerns regarding possible suspicious activity relating to
this account. The specialist recalls the bank president
, Page 2 of 48
verbally responded to each memo with an explanation of the
activity and indicated there was no cause for concern. What
should the specialist do with respect to these internal
memos? ✓ ✓ ...... ANSWER ....... Advise the bank's
senior legal advisor of the situation.
Why would a credit card account likely not be used in the
placement stage of money laundering? ✓ ✓ ...... ANSWER
....... Cash payments are generally restricted.
Which action should an FIU consider taking when it has
information that might be useful to another FIU? ✓ ✓ ......
ANSWER ....... Supply the information to the other FIU
spontaneously as soon as the relevance of sharing the
information is identified.
What should senior management do in order to promote a
culture of anti-money laundering compliance? ✓ ✓ ......
ANSWER ....... They should include compliance with AML
procedures as a condition of employment.
What is the result of an increased awareness of the potential
for gatekeepers to assist in money laundering in recent
, Page 3 of 48
years? ✓ ✓ ...... ANSWER ....... Lawyers who represent
money launderers can more easily be prosecuted
What are some red flags financial institutions should be
aware of when trying to verify the identity of a customer? ✓
✓ ...... ANSWER ....... customer having unusual
documents from a foreign country
customer having no permanent address
customer not having a connected phone
What are three potential issues for foreign financial
institutions maintaining correspondent accounts with U.S.
banks under the Patriot Act ✓ ✓ ...... ANSWER .......
cancellation of correspondent banking relationships
forfeiture of funds in a U.S. inter-bank account
Prohibition of correspondent accounts for shell banks
, Page 4 of 48
The bank for International Settlements provides the
secretariat for which organization? ✓ ✓ ...... ANSWER .......
The Basel Committee
Which three are examples of best practices terms of
ensuring an adequate AML program? ✓ ✓ ...... ANSWER
....... Review applicable domestic and international AML
guidance
Perform a risk analysis on a regular basis and compare it to
the coverage of the AML program
Review the accuracy of account opening operations
When the minimum CDD standards of the home and host
countries differ, the offices in the host countries should
follow which requirements? ✓ ✓ ...... ANSWER ....... The
higher standards of the two
To ensure that an institution's anti-money laundering
program is current, which step should be taken? ✓ ✓ ......
