Page 1 of 44
2025/2026 ACAMS (ASSOCIATION OF CERTIFIED
ANTI-MONEY LAUNDERING SPECIALISTS)-PREP-
MOCK 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 with this targeted mock
exam, designed to master AML/CFT frameworks, risk
assessment, and regulatory compliance. This resource delivers
realistic, scenario-based practice questions and evidence-
based rationales covering due diligence, investigation
techniques, and global standards.
According to the Financial Action Task Force 40
Recommendations, simplified customer due diligence or
reduced measures could be acceptable for which of the
following types of products or transactions? ...... ANSWER
....... Life insurance policies where the annual premium
is no more than USD/EUR 1,000 or a single premium of no
more than USD/EUR 2,500
Insurance policies for pension plans if there is no
surrender clause and the policy cannot be used as
collateral
, Page 2 of 44
Trusts where the settlor, trustee and beneficiaries are
identified and the shares are in bearer form.
When and how should an institution appraise the AML risk of
a newly developed product? ...... ANSWER ....... The
institution should require the compliance officer to
review and evaluate the AML risk prior to the product
going live.
The institution should roll the product out on a
preliminary basis to determine what risks develop with
regard to the product.
The institution should evaluate where, how and to what
extent the product is going to be used.
According to the Financial Action Task Force 40
Recommendations, Designated Non-Financial Businesses
and Professionals include which entities? ...... ANSWER
....... Real estate agents
, Page 3 of 44
With which person(s) should an anti-money laundering
officer coordinate when implementing a new hire screening
program? ...... ANSWER ....... Human Resources
Which three elements should be considered in an
institution's enhanced due diligence process to assure itself
that it has secured sufficient understanding of its higher risk
respondent bank customers according to the Wolfsberg
Principles on Correspondent Banking? ...... ANSWER .......
The quality of the respondent's AML and client
identification controls
A risk based determination as to whether or not the
respondent bank is a shell bank.
The sources of wealth for all significant ownership requests.
Bank A is located in Country A.
A wire transfer from Bank B located in Country B is
processes by Bank A, where the funds are being moved to a
customer at Bank C located in Country C.
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The wire transfer is deemed suspicious by Bank A.
Who should Bank A file a suspicious transaction report on?
...... ANSWER ....... The transaction in Country A
In relationship to life insurance business, the third European
Directive states that Member States may allow the identity
verification of the beneficiary under the policy after the
business relationship has been established, but before
which events? ...... ANSWER ....... At or before the time
of payout or before the beneficiary intends to exercise
rights vested under the policy
An anti-money laundering specialist at a financial institution
has received a legal request to provide all transaction
records for a specific individual since 2004. Which three
items should be delivered? ...... ANSWER ....... Monthly
statements and transaction activities for that individual
since 2004.
All wire transfers for that individual since 2004
All security trading activities for that individual since 2004
2025/2026 ACAMS (ASSOCIATION OF CERTIFIED
ANTI-MONEY LAUNDERING SPECIALISTS)-PREP-
MOCK 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 with this targeted mock
exam, designed to master AML/CFT frameworks, risk
assessment, and regulatory compliance. This resource delivers
realistic, scenario-based practice questions and evidence-
based rationales covering due diligence, investigation
techniques, and global standards.
According to the Financial Action Task Force 40
Recommendations, simplified customer due diligence or
reduced measures could be acceptable for which of the
following types of products or transactions? ...... ANSWER
....... Life insurance policies where the annual premium
is no more than USD/EUR 1,000 or a single premium of no
more than USD/EUR 2,500
Insurance policies for pension plans if there is no
surrender clause and the policy cannot be used as
collateral
, Page 2 of 44
Trusts where the settlor, trustee and beneficiaries are
identified and the shares are in bearer form.
When and how should an institution appraise the AML risk of
a newly developed product? ...... ANSWER ....... The
institution should require the compliance officer to
review and evaluate the AML risk prior to the product
going live.
The institution should roll the product out on a
preliminary basis to determine what risks develop with
regard to the product.
The institution should evaluate where, how and to what
extent the product is going to be used.
According to the Financial Action Task Force 40
Recommendations, Designated Non-Financial Businesses
and Professionals include which entities? ...... ANSWER
....... Real estate agents
, Page 3 of 44
With which person(s) should an anti-money laundering
officer coordinate when implementing a new hire screening
program? ...... ANSWER ....... Human Resources
Which three elements should be considered in an
institution's enhanced due diligence process to assure itself
that it has secured sufficient understanding of its higher risk
respondent bank customers according to the Wolfsberg
Principles on Correspondent Banking? ...... ANSWER .......
The quality of the respondent's AML and client
identification controls
A risk based determination as to whether or not the
respondent bank is a shell bank.
The sources of wealth for all significant ownership requests.
Bank A is located in Country A.
A wire transfer from Bank B located in Country B is
processes by Bank A, where the funds are being moved to a
customer at Bank C located in Country C.
, Page 4 of 44
The wire transfer is deemed suspicious by Bank A.
Who should Bank A file a suspicious transaction report on?
...... ANSWER ....... The transaction in Country A
In relationship to life insurance business, the third European
Directive states that Member States may allow the identity
verification of the beneficiary under the policy after the
business relationship has been established, but before
which events? ...... ANSWER ....... At or before the time
of payout or before the beneficiary intends to exercise
rights vested under the policy
An anti-money laundering specialist at a financial institution
has received a legal request to provide all transaction
records for a specific individual since 2004. Which three
items should be delivered? ...... ANSWER ....... Monthly
statements and transaction activities for that individual
since 2004.
All wire transfers for that individual since 2004
All security trading activities for that individual since 2004
