ACAMS-Prep-Mock EXAM || MOST RECENT EXAM 2026
-2027 ACTUAL COMPLETE REAL EXAM QUESTIONS
AND CORRECT ANSWERS ( EXPERTLY VERIFIED
ANSWERS) ALREADY GRADED A+ | GUARANTEED
SUCCESS!! NEWEST EXAM | JUST RELEASED!!
A customer has held an account at a local credit institution for
10 years. The account has received deposits twice weekly for
the same amount and has never shown signs of suspect
behavior. Monitoring software indicated that in the past few
months the account has received several large deposits that
were not in line with the account history. When asked, the
customer states she recently sold a piece of property, which is
supported with a proof of sale. What should the compliance
officer do next? - ANSWER-File and STR with competent
authorities
What describes the Black Market Peso Exchange money
laundering method? - ANSWER-a method primarily used by
narcotics traffickers to transfer value to the source country
In general, what is an element that a financial institution or
business does not have to specifically address in an anti-
money laundering program? – ANSWER-a description of its
OFAC program to address government watch list screening
,How can dealers in high-value items be at risk for money
laundering? -
ANSWER-Carrying large amounts of gems of high value is
physically easy
Why is the Mutual Legal Assistance Treaty (MLAT) a gateway
for international cooperation? - ANSWER-They provide a legal
basis for transmitting evidence that can be used for
prosecution and judicial proceedings
A profitable commercial customer who operates an import-
export business has multiple accounts with the same
institution at branches in different locations. The customer
receives funds from a jurisdiction perceived as highly corrupt
according to Transparency International ratings. The customer
makes frequent transfers among the accounts and prefers to
manage the accounts separately. What should the institution do
to mitigate the risk associated with these accounts? -
ANSWER-File a suspicious transaction report
What are some red flags pertaining to potentially suspicious
transactions by a
customer? - ANSWER-Having multiple addresses and/or
moving frequently
Have a common address with several other bank clients
Having multiple individuals use the ATM card connected with
the account in
,different
cities
What facilitates law enforcement agent obtaining evidence from
authorities in a foreign country relating to criminal activity? -
ANSWER-Mutual Legal Assistance Treaties (MLAT)
When an institution files an STR with regard to a particular
account, what steps
should the institution take on the account? - ANSWER-The
institution should
consult its counsel and AML compliance officer and determine
whether closing
account is in accord with the institution's
procedures
Which three procedures should a compliance officer looking to
revise an institution's CTF efforts include in accordance with
the Wolfsberg Group's Statement on the Suppression of the
Financing of Terrorism? – ANSWER-Consulting applicable lists
and taking appropriate actions to determine if customers
appear on such lists
Reporting matches from lists of known or suspected
terrorists to relevant
authorities
, Maintaining customer information to facilitate timely retrieval of
such information
How can a financial institution verify the nature and purpose of
a business and
its legitimacy? - ANSWER-By using an independent
information verification
process, such as by accessing public and
private databases
What is a key element required to ensure an anti-money
laundering compliance
program is effectively embedded into an institution's
culture? - ANSWER-
ongoing
training
Which three statements are true regarding the extraterritorial
reach of laws and
legislation of the U.S.? - ANSWER-The criminal ant-money
laundering law can
apply to transactions that occur partially
overseas.
economic and trade sanctions by OFAC may pose
extraterritorial risks for financial institutions and businesses
outside the U.S.
The defendant does not need to know the funds came from an
illegal activity under, state, federal or foreign law.
-2027 ACTUAL COMPLETE REAL EXAM QUESTIONS
AND CORRECT ANSWERS ( EXPERTLY VERIFIED
ANSWERS) ALREADY GRADED A+ | GUARANTEED
SUCCESS!! NEWEST EXAM | JUST RELEASED!!
A customer has held an account at a local credit institution for
10 years. The account has received deposits twice weekly for
the same amount and has never shown signs of suspect
behavior. Monitoring software indicated that in the past few
months the account has received several large deposits that
were not in line with the account history. When asked, the
customer states she recently sold a piece of property, which is
supported with a proof of sale. What should the compliance
officer do next? - ANSWER-File and STR with competent
authorities
What describes the Black Market Peso Exchange money
laundering method? - ANSWER-a method primarily used by
narcotics traffickers to transfer value to the source country
In general, what is an element that a financial institution or
business does not have to specifically address in an anti-
money laundering program? – ANSWER-a description of its
OFAC program to address government watch list screening
,How can dealers in high-value items be at risk for money
laundering? -
ANSWER-Carrying large amounts of gems of high value is
physically easy
Why is the Mutual Legal Assistance Treaty (MLAT) a gateway
for international cooperation? - ANSWER-They provide a legal
basis for transmitting evidence that can be used for
prosecution and judicial proceedings
A profitable commercial customer who operates an import-
export business has multiple accounts with the same
institution at branches in different locations. The customer
receives funds from a jurisdiction perceived as highly corrupt
according to Transparency International ratings. The customer
makes frequent transfers among the accounts and prefers to
manage the accounts separately. What should the institution do
to mitigate the risk associated with these accounts? -
ANSWER-File a suspicious transaction report
What are some red flags pertaining to potentially suspicious
transactions by a
customer? - ANSWER-Having multiple addresses and/or
moving frequently
Have a common address with several other bank clients
Having multiple individuals use the ATM card connected with
the account in
,different
cities
What facilitates law enforcement agent obtaining evidence from
authorities in a foreign country relating to criminal activity? -
ANSWER-Mutual Legal Assistance Treaties (MLAT)
When an institution files an STR with regard to a particular
account, what steps
should the institution take on the account? - ANSWER-The
institution should
consult its counsel and AML compliance officer and determine
whether closing
account is in accord with the institution's
procedures
Which three procedures should a compliance officer looking to
revise an institution's CTF efforts include in accordance with
the Wolfsberg Group's Statement on the Suppression of the
Financing of Terrorism? – ANSWER-Consulting applicable lists
and taking appropriate actions to determine if customers
appear on such lists
Reporting matches from lists of known or suspected
terrorists to relevant
authorities
, Maintaining customer information to facilitate timely retrieval of
such information
How can a financial institution verify the nature and purpose of
a business and
its legitimacy? - ANSWER-By using an independent
information verification
process, such as by accessing public and
private databases
What is a key element required to ensure an anti-money
laundering compliance
program is effectively embedded into an institution's
culture? - ANSWER-
ongoing
training
Which three statements are true regarding the extraterritorial
reach of laws and
legislation of the U.S.? - ANSWER-The criminal ant-money
laundering law can
apply to transactions that occur partially
overseas.
economic and trade sanctions by OFAC may pose
extraterritorial risks for financial institutions and businesses
outside the U.S.
The defendant does not need to know the funds came from an
illegal activity under, state, federal or foreign law.
