Page 1 of 85
2025/2026 ACAMS (ASSOCIATION OF CERTIFIED
ANTI-MONEY LAUNDERING SPECIALISTS) EXAM
COMPLETE CURRENT QUESTIONS AND DETAILED
CORRECT (VERIFIED) ANSWERS FOR GUARANTEED
PASS/TOP-RATED A+.
ACAMS
Ace your ACAMS (Association of Certified Anti-Money
Laundering Specialists) certification exam with this definitive
guide, designed to master global AML/CFT regulations, risk
assessment, and transaction monitoring. This resource delivers
practical, scenario-based questions and evidence-based
rationales covering due diligence, sanctions, and investigative
techniques.
SYSTEM OF INTERNAL POLICIES, PROCEDURES AND
CONTROLS
What are some examples of internal controls, outside of
policies and procedures? ...... ANSWER ....... While
policies and procedures provide important guidance, the
AML/CFT program also relies on a variety of internal
controls, including management reports and other built-
in safeguards that keep the program working. These
internal controls should enable the compliance
organization to recognize deviations from standard
procedures and safety protocols. A matter as simple as
, Page 2 of 85
requiring a corporate officer's approval or two signatures
for transactions that exceed a prescribed amount could
be a critical internal control element that if ignored
seriously weakens an institution's AML/CFT program and
attracts unwanted attention from supervisory
authorities.
THE COMPLIANCE FUNCTION
What factors should be considered when determining the
sophistication of a compliance function within an
institution? ...... ANSWER ....... The sophistication of the
compliance function should be based upon the
institution's nature, size, complexity, regulatory
environment, and the specific risk associated with the
products, services, and clientele. No two institutions will
have exactly the same compliance structure because the
risk facing each institution is going to be different, as
identified in their respective risk assessments.
DESIGNATION AND RESPONSIBILITIES OF A COMPLIANCE
OFFICER— COMMUNICATION
Why is it critical that the Compliance Officer have good
communications skills? ...... ANSWER ....... The
compliance officer must also have the means to
communicate at all levels of the organization — from
, Page 3 of 85
front-line associates all the way up to the CEO and Board
of Directors. It is critical for a compliance officer to be
capable of articulating matters of importance to senior
and executive management, particularly significant
changes that may present risk to the organization, such
as a sudden or substantial increase in STRs or currency
transaction reports (CTRs). Other items of concern that
need to be escalated to management may include
changes to laws or regulations that may require
immediate action. A compliance officer must have the
skills necessary to be able to analyze and interpret these
ongoing changes, determine what effect they may have
on the institution, and suggest an action plan when
appropriate.
DESIGNATION AND RESPONSIBILITIES OF A COMPLIANCE
OFFICER— DELEGATION OF AML DUTIES What controls
should a Compliance Officer consider over an AML duty that
has been delegated? ...... ANSWER ....... The compliance
function may establish risk-based quality assurance
reviews and monitoring and testing activities to ensure
the functions are being performed appropriately. This
may include a review of the CDD collected to ensure
completeness, monitoring reports of CDD completeness
or defects to ensure the systems are working as
expected, and performing testing to assess whether the
, Page 4 of 85
monitoring and the business performance are
satisfactorily measuring and ensuring compliance.
AML/CFT TRAINING— WHO TO TRAIN
What are some of the target audiences for training? ......
ANSWER ....... - Customer-facing staff
- Operations personnel
- AML/CFT compliance staff
- Senior management and board of directors
- Independent testing staff
AML/CFT TRAINING— HOW TO TRAIN
Why is it important to have a test at the end of a training
session? ...... ANSWER ....... Tests should be considered
as a means to evaluate how well the training is
understood with a mandatory passing score.
AML/CFT TRAINING— WHEN TO TRAIN
When should an institution conduct training? ......
ANSWER ....... An institution's training should be
ongoing and on a regular schedule. Existing employees
should at least attend an annual training session. New
employees should receive appropriate training with
2025/2026 ACAMS (ASSOCIATION OF CERTIFIED
ANTI-MONEY LAUNDERING SPECIALISTS) EXAM
COMPLETE CURRENT QUESTIONS AND DETAILED
CORRECT (VERIFIED) ANSWERS FOR GUARANTEED
PASS/TOP-RATED A+.
ACAMS
Ace your ACAMS (Association of Certified Anti-Money
Laundering Specialists) certification exam with this definitive
guide, designed to master global AML/CFT regulations, risk
assessment, and transaction monitoring. This resource delivers
practical, scenario-based questions and evidence-based
rationales covering due diligence, sanctions, and investigative
techniques.
SYSTEM OF INTERNAL POLICIES, PROCEDURES AND
CONTROLS
What are some examples of internal controls, outside of
policies and procedures? ...... ANSWER ....... While
policies and procedures provide important guidance, the
AML/CFT program also relies on a variety of internal
controls, including management reports and other built-
in safeguards that keep the program working. These
internal controls should enable the compliance
organization to recognize deviations from standard
procedures and safety protocols. A matter as simple as
, Page 2 of 85
requiring a corporate officer's approval or two signatures
for transactions that exceed a prescribed amount could
be a critical internal control element that if ignored
seriously weakens an institution's AML/CFT program and
attracts unwanted attention from supervisory
authorities.
THE COMPLIANCE FUNCTION
What factors should be considered when determining the
sophistication of a compliance function within an
institution? ...... ANSWER ....... The sophistication of the
compliance function should be based upon the
institution's nature, size, complexity, regulatory
environment, and the specific risk associated with the
products, services, and clientele. No two institutions will
have exactly the same compliance structure because the
risk facing each institution is going to be different, as
identified in their respective risk assessments.
DESIGNATION AND RESPONSIBILITIES OF A COMPLIANCE
OFFICER— COMMUNICATION
Why is it critical that the Compliance Officer have good
communications skills? ...... ANSWER ....... The
compliance officer must also have the means to
communicate at all levels of the organization — from
, Page 3 of 85
front-line associates all the way up to the CEO and Board
of Directors. It is critical for a compliance officer to be
capable of articulating matters of importance to senior
and executive management, particularly significant
changes that may present risk to the organization, such
as a sudden or substantial increase in STRs or currency
transaction reports (CTRs). Other items of concern that
need to be escalated to management may include
changes to laws or regulations that may require
immediate action. A compliance officer must have the
skills necessary to be able to analyze and interpret these
ongoing changes, determine what effect they may have
on the institution, and suggest an action plan when
appropriate.
DESIGNATION AND RESPONSIBILITIES OF A COMPLIANCE
OFFICER— DELEGATION OF AML DUTIES What controls
should a Compliance Officer consider over an AML duty that
has been delegated? ...... ANSWER ....... The compliance
function may establish risk-based quality assurance
reviews and monitoring and testing activities to ensure
the functions are being performed appropriately. This
may include a review of the CDD collected to ensure
completeness, monitoring reports of CDD completeness
or defects to ensure the systems are working as
expected, and performing testing to assess whether the
, Page 4 of 85
monitoring and the business performance are
satisfactorily measuring and ensuring compliance.
AML/CFT TRAINING— WHO TO TRAIN
What are some of the target audiences for training? ......
ANSWER ....... - Customer-facing staff
- Operations personnel
- AML/CFT compliance staff
- Senior management and board of directors
- Independent testing staff
AML/CFT TRAINING— HOW TO TRAIN
Why is it important to have a test at the end of a training
session? ...... ANSWER ....... Tests should be considered
as a means to evaluate how well the training is
understood with a mandatory passing score.
AML/CFT TRAINING— WHEN TO TRAIN
When should an institution conduct training? ......
ANSWER ....... An institution's training should be
ongoing and on a regular schedule. Existing employees
should at least attend an annual training session. New
employees should receive appropriate training with
