ACAMS EXAM 2025 WITH 100% ACCURATE SOLUTIONS
What are three indicators of money laundering associated with using electronic funds transfers? -
✅✅✅CORRECT -Funds transfers to or from financial secrecy haven without an apparent business
reason.
Funds transfers are received or sent from the same person to or from different accounts.
Payments or receipts with no apparent link to legitimate contract goods or services
On who does the ultimate responsibility for an institution's anti-money laundering program rest? -
✅✅✅CORRECT -FI board of directors.
Federal law requires all U.S. financial institutions to secure and maintain all records and supporting
documentation used in suspicious activity reporting for how many years? - ✅✅✅CORRECT -5 years
The marketing department presents a business plan targeting individuals holding important public
positions. What are some steps the financial institution should implement as part of the plan to target
such individuals? - ✅✅✅CORRECT -Investigate the source of funds.
Determine the purpose of the account.
Take all reasonable steps to check the background of the individual based on public information.
Which statement is true about banking regulatory agencies having the authority to obtain information
from regulated institutions? - ✅✅✅CORRECT -The agencies authority to conduct examinations
negates the need for a warrant or subpoena.
A customer comes into the bank and appears to be ill-at-ease waiting in the teller line. When the
customer gets to the teller, he become exceedingly nervous and asks for a large cashier's check to be
cashed and disbursed to him in $100 bills.
,What should the teller do after completing the transaction? - ✅✅✅CORRECT -File a SAR on the
customer
What is the term for trading through multiple accounts, where an individual generates offsetting profits
and losses and transfers of positions through accounts that do not appear to be commonly controlled? -
✅✅✅CORRECT -Wash Trading
In performing a risk analysis, which factor(s) should a financial institution review? - ✅✅✅CORRECT -
Its customer base, location, products and services.
How should a financial institution deter money laundering through new accounts? - ✅✅✅CORRECT
-Document the identity of the party opening the account.
Determine the beneficial owners of the account.
Seek to determine the the source of deposited funds.
A commission regotorie would be used in which gateway to obtain information from another country? -
✅✅✅CORRECT -An FIU request under the EGMONT principles
What are the European Union Directives on Money Laundering? - ✅✅✅CORRECT -They require
members to implement certain laws to prevent money laundering.
What should law enforcement provide when asking an institution to keep an account open? -
✅✅✅CORRECT -a written request on government agency letterhead with the appropriate signature.
The Wolfsberg Principles for Private Banking list circumstances that would require additional due
diligence, including activities that involve which three of these choices? - ✅✅✅CORRECT -High risk
countries
High risk activities
, Public officials, including those who had positions of public trust.
A compliance officer is looking to update an institution's private bank procedures. What should be
included as recommended by the Wolfsberg AML Principles on Private Banking? - ✅✅✅CORRECT -
Approval of PEPs by at least one person other than the relationship manager.
Which three circumstances are indicators for defining a customer as required additional diligence
according to the Wolfsberg Principles on Private Banking? - ✅✅✅CORRECT -Persons residing in and
having funds from countries with inadequate AML standards.
Persons engaged in business activities known to be susceptible to money laundering
Persons who receive funds from correspondent banking relationship
What is the Black Market Peso Exchange? - ✅✅✅CORRECT -
Which customer transaction with a securities dealer would indicate the highest suspicion of money
laundering? - ✅✅✅CORRECT -High level of account activity with very low levels of securities
transactions.
What was cited by the Wolfsberg Group in its Statement on the Suppression of the Financing of
Terrorism as being vulnerable to terrorist financing? - ✅✅✅CORRECT -Alternative remittance
(Hawala)
Which three are principles found in the document "Principles of information Exchange between Financial
Intelligence Units (FIUs)"? - ✅✅✅CORRECT -The Exchange of information between FIUs should take
place as informally and as rapidly as possible and with no perquisites, while guaranteeing privacy and
confidentiality of the shared data.
The EGMONT principle of free exchange of information at the FIU level should be possible on the basis of
reciprocity, including spontaneous exchange.
It should be possible for communication between FIUs to take place directly and without intermediaries.
What are three indicators of money laundering associated with using electronic funds transfers? -
✅✅✅CORRECT -Funds transfers to or from financial secrecy haven without an apparent business
reason.
Funds transfers are received or sent from the same person to or from different accounts.
Payments or receipts with no apparent link to legitimate contract goods or services
On who does the ultimate responsibility for an institution's anti-money laundering program rest? -
✅✅✅CORRECT -FI board of directors.
Federal law requires all U.S. financial institutions to secure and maintain all records and supporting
documentation used in suspicious activity reporting for how many years? - ✅✅✅CORRECT -5 years
The marketing department presents a business plan targeting individuals holding important public
positions. What are some steps the financial institution should implement as part of the plan to target
such individuals? - ✅✅✅CORRECT -Investigate the source of funds.
Determine the purpose of the account.
Take all reasonable steps to check the background of the individual based on public information.
Which statement is true about banking regulatory agencies having the authority to obtain information
from regulated institutions? - ✅✅✅CORRECT -The agencies authority to conduct examinations
negates the need for a warrant or subpoena.
A customer comes into the bank and appears to be ill-at-ease waiting in the teller line. When the
customer gets to the teller, he become exceedingly nervous and asks for a large cashier's check to be
cashed and disbursed to him in $100 bills.
,What should the teller do after completing the transaction? - ✅✅✅CORRECT -File a SAR on the
customer
What is the term for trading through multiple accounts, where an individual generates offsetting profits
and losses and transfers of positions through accounts that do not appear to be commonly controlled? -
✅✅✅CORRECT -Wash Trading
In performing a risk analysis, which factor(s) should a financial institution review? - ✅✅✅CORRECT -
Its customer base, location, products and services.
How should a financial institution deter money laundering through new accounts? - ✅✅✅CORRECT
-Document the identity of the party opening the account.
Determine the beneficial owners of the account.
Seek to determine the the source of deposited funds.
A commission regotorie would be used in which gateway to obtain information from another country? -
✅✅✅CORRECT -An FIU request under the EGMONT principles
What are the European Union Directives on Money Laundering? - ✅✅✅CORRECT -They require
members to implement certain laws to prevent money laundering.
What should law enforcement provide when asking an institution to keep an account open? -
✅✅✅CORRECT -a written request on government agency letterhead with the appropriate signature.
The Wolfsberg Principles for Private Banking list circumstances that would require additional due
diligence, including activities that involve which three of these choices? - ✅✅✅CORRECT -High risk
countries
High risk activities
, Public officials, including those who had positions of public trust.
A compliance officer is looking to update an institution's private bank procedures. What should be
included as recommended by the Wolfsberg AML Principles on Private Banking? - ✅✅✅CORRECT -
Approval of PEPs by at least one person other than the relationship manager.
Which three circumstances are indicators for defining a customer as required additional diligence
according to the Wolfsberg Principles on Private Banking? - ✅✅✅CORRECT -Persons residing in and
having funds from countries with inadequate AML standards.
Persons engaged in business activities known to be susceptible to money laundering
Persons who receive funds from correspondent banking relationship
What is the Black Market Peso Exchange? - ✅✅✅CORRECT -
Which customer transaction with a securities dealer would indicate the highest suspicion of money
laundering? - ✅✅✅CORRECT -High level of account activity with very low levels of securities
transactions.
What was cited by the Wolfsberg Group in its Statement on the Suppression of the Financing of
Terrorism as being vulnerable to terrorist financing? - ✅✅✅CORRECT -Alternative remittance
(Hawala)
Which three are principles found in the document "Principles of information Exchange between Financial
Intelligence Units (FIUs)"? - ✅✅✅CORRECT -The Exchange of information between FIUs should take
place as informally and as rapidly as possible and with no perquisites, while guaranteeing privacy and
confidentiality of the shared data.
The EGMONT principle of free exchange of information at the FIU level should be possible on the basis of
reciprocity, including spontaneous exchange.
It should be possible for communication between FIUs to take place directly and without intermediaries.
