BSA 1 - BSA-AML Overview Final Exam Preparation
BSA 1 - BSA-AML OVERVIEW FINAL EXAM PREPARATION FOR
2025/2026 COMPLETE 100 QUESTIONS AND CORRECT
ANSWERS |ALREADY GRADED A+||BRAND NEW!!
1. As a new teller for Community Bank, you are learning about the Bank Secrecy
Act (BSA). Your supervisor asks you, "What is the intent of the BSA?" Which
statement best describes the intent of the BSA?
A. To mandate that all persons must be treated fairly when applying for credit
B. To coordinate housing data for purposes of identifying possible discriminatory
housing practices
C. To require that banks make check deposits available within a specified period of
time
D. To make money laundering more difficult and to prevent banks from becoming
unknowing intermediaries in illicit activity
ID:44D9148E1D394C8E9CF1213C3D27DCB4
d.
A is incorrect because this describes the purpose of the Equal Credit Opportunity
Act. B is incorrect because this describes the primary purpose of Home Mortgage
Disclosure Act. C is incorrect because it describes the primary purpose of the
Expedited Funds Availability Act and Reg CC.
2. The Bank Secrecy Act (BSA) is intended to safeguard our financial system from
abuses of financial crime, including money laundering, terrorist financing and
other illegal financial transactions. Which fundamental components are required
of a bank's BSA program to help prevent financial crime?
A. Monitoring
B. Reporting
C. Prosecuting
D. Referring
ID:BD3D18A2320C40249F4DA2EC716173BC
1|Page
, BSA 1 - BSA-AML Overview Final Exam Preparation
b.
A, C, and D are incorrect because detecting, reporting, and deterring money
laundering are the three fundamental components of a BSA program to help
prevent financial crime.
3. Which statement accurately describes the impact of money laundering on
society?
A. Money laundering is restricted to financial institutions and therefore weakens
the banking system
B. Money laundering is under control through the increased efforts of bank
employees and FinCEN
C. Money laundering is not isolated to financial institutions and affects society as a
whole
D. Money laundering has a minimal impact on society as a whole but severely
impacts the financial industry
ID:145EC7F62DA94E5593BC1B7C4A97A8D0
c.
A is incorrect because money laundering is not restricted to financial institutions.
B is incorrect because money laundering is not under control. D is incorrect
because money laundering has a significant impact on the financial industry and
society as a whole.
5. Terrorists often engage in illegal activities, such as extortion, narcotics
trafficking, and smuggling, to earn money to support their terrorist goals. Which
statement is true regarding terrorist financing?
A. Funds are always derived from illegitimate sources
B. It is linear process and deposited funds often flow from one person depositing
funds to those who use the funds
C. It always involves large sums of money
D. It is a circular process with benefits received directly from the funds deposited
ID:4F6BE122D2A84E538DA86469CACA8C84
2|Page
BSA 1 - BSA-AML OVERVIEW FINAL EXAM PREPARATION FOR
2025/2026 COMPLETE 100 QUESTIONS AND CORRECT
ANSWERS |ALREADY GRADED A+||BRAND NEW!!
1. As a new teller for Community Bank, you are learning about the Bank Secrecy
Act (BSA). Your supervisor asks you, "What is the intent of the BSA?" Which
statement best describes the intent of the BSA?
A. To mandate that all persons must be treated fairly when applying for credit
B. To coordinate housing data for purposes of identifying possible discriminatory
housing practices
C. To require that banks make check deposits available within a specified period of
time
D. To make money laundering more difficult and to prevent banks from becoming
unknowing intermediaries in illicit activity
ID:44D9148E1D394C8E9CF1213C3D27DCB4
d.
A is incorrect because this describes the purpose of the Equal Credit Opportunity
Act. B is incorrect because this describes the primary purpose of Home Mortgage
Disclosure Act. C is incorrect because it describes the primary purpose of the
Expedited Funds Availability Act and Reg CC.
2. The Bank Secrecy Act (BSA) is intended to safeguard our financial system from
abuses of financial crime, including money laundering, terrorist financing and
other illegal financial transactions. Which fundamental components are required
of a bank's BSA program to help prevent financial crime?
A. Monitoring
B. Reporting
C. Prosecuting
D. Referring
ID:BD3D18A2320C40249F4DA2EC716173BC
1|Page
, BSA 1 - BSA-AML Overview Final Exam Preparation
b.
A, C, and D are incorrect because detecting, reporting, and deterring money
laundering are the three fundamental components of a BSA program to help
prevent financial crime.
3. Which statement accurately describes the impact of money laundering on
society?
A. Money laundering is restricted to financial institutions and therefore weakens
the banking system
B. Money laundering is under control through the increased efforts of bank
employees and FinCEN
C. Money laundering is not isolated to financial institutions and affects society as a
whole
D. Money laundering has a minimal impact on society as a whole but severely
impacts the financial industry
ID:145EC7F62DA94E5593BC1B7C4A97A8D0
c.
A is incorrect because money laundering is not restricted to financial institutions.
B is incorrect because money laundering is not under control. D is incorrect
because money laundering has a significant impact on the financial industry and
society as a whole.
5. Terrorists often engage in illegal activities, such as extortion, narcotics
trafficking, and smuggling, to earn money to support their terrorist goals. Which
statement is true regarding terrorist financing?
A. Funds are always derived from illegitimate sources
B. It is linear process and deposited funds often flow from one person depositing
funds to those who use the funds
C. It always involves large sums of money
D. It is a circular process with benefits received directly from the funds deposited
ID:4F6BE122D2A84E538DA86469CACA8C84
2|Page
