ACAMS Practice EXAM PREP
ACAMS PRACTICE EXAM PREP LATEST 2025/2026 ACTUAL
EXAM COMPLETE 150 QUESTIONS AND CORRECT ANSWERS
GRADED A+ GUARANTEED PASS- ACE YOUR EXAM
1. What is the right of reciprocity in the field of international cooperation against
money laundering?
A. The legal principle that financial institutions that have referred customers to
other financial institutions can share information about these customers with the
other institutions
B. A rule of the Basel Committee allowing properly regulated financial institutes of
another member state of the Basel Committee to do business without additional
supervision to the degree that the other state grants the same right
C. The right of each FATF member country to delegate prosecution of a case of
money laundering to another member that is already investigating the same case
D. A rule in the law of a country allowing its authorities to cooperate with
authorities of other countries to the degree that their law allows them to do the
same - Correct Answer-D. A rule in the law of a country allowing its authorities to
cooperate with authorities of other countries to the degree that their law allows
them to do the same
2. The greatest risk for money laundering is for casinos that
A. provide their customers with a wide array of gambling services.
B. operate in a non-Egmont member country.
C. allow customers with credit balances to withdraw funds by check in another
jurisdiction.
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, ACAMS Practice EXAM PREP
D. only send suspicious transaction reports to the financial intelligence unit of the
country it operates in - Correct Answer-C. allow customers with credit balances to
withdraw funds by check in another jurisdiction.
3. Which statement is true regarding the risk of politically exposed persons (PEPs)?
A. PEPs provide access to third parties on whom the financial institution has not
conducted sufficient due diligence.
B. PEPs have significantly greater exposure to the politically corrupt funds,
including accepting bribes or misappropriating government funds.
C. PEPs are foreign customers who inherently present additional risk as they are
engaged in crossborder transactions.
D. PEPs generally do not pose enhanced risks to an institution due to their political
standing; rather, PEPs increase the prestige of an institution. - Correct Answer-B.
PEPs have significantly greater exposure to the politically corrupt funds, including
accepting bribes or misappropriating government funds.
4. In 2014, the Wolfsberg Group published its Anti-Money Laundering Principles
for Correspondent Banking. Which three of the following elements are
recommended to be included in the due diligence of a correspondent banking
client?
A. The geographic risk
B. The ownership and management structure
C. The résumé of the compliance officer
D. The customer base - Correct Answer-A. The geographic risk
B. The ownership and management structure
D. The customer base
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, ACAMS Practice EXAM PREP
5. A new customer approaches a bank to open a commercial account. The
customer provides an address for the account located across the city from the
branch. When asked by the account representative if the customer requires any
additional banking services, the customer responds that she is also interested in
opening a personal investment account. The account representative refers the
customer to the broker-dealer. The customer tells the firm representative she has
never had a brokerage account before and has a few questions about how an
investment account works. The customer asks how deposits can be made into her
account, if there are any reporting requirements, and how to go about moving
balances out of the account using wire transfers. No questions are asked about
fees associated with these transactions. Which three items would be considered
suspicious?
A. The customer asks many questions about the brokerage accoun - Correct
Answer-A. The customer asks many questions about the brokerage account but
none of them is related to investing.
C. The address of the account holder and the branch where the customer came to
open the account are not close to each other.
D. The customer appears unconcerned about the fees.
6. Which of the following is the most common method of laundering money
through a legal money services business?
A. Exchanging currency and remitting money
B. Smuggling bulk cash
C. Transferring funds through payable through accounts (PTAs)
D. Exchanging Colombian pesos on the black market - Correct Answer-A.
Exchanging currency and remitting money
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, ACAMS Practice EXAM PREP
7. In general, the three phases of money laundering are said to be: placement and
A. structuring and manipulation.
B. layering and integration.
C. layering and smurfing.
D. integration and infiltration. - Correct Answer-B. layering and integration.
8. Which statement is true?
A. Systemic weaknesses in free trade zones include inadequate AML/CFT
safeguards, minimal oversight by local authorities and weak procedures to inspect
goods.
B. Cuckoo smurfing is a significant money laundering technique identified by the
Financial Action Task Force, wherein a form of structuring uses nested accounts
with shell banks in secrecy havens.
C. In its 40 Recommendations, the FATF issued a list of designated categories of
offense that asserts crimes for a money laundering prosecution.
D. E-cash is not attractive to the money launderer because it cannot be completely
anonymous and does not allow for large amounts to be transported quickly and
easily. - Correct Answer-A. Systemic weaknesses in free trade zones include
inadequate AML/CFT safeguards, minimal oversight by local authorities and weak
procedures to inspect goods.
9. Which three of the following is an indication of possible money laundering in an
insurance industry scenario?
A. Insurance products sold through intermediaries, agents or brokers
B. Single-premium insurance bonds, redeemed at a discount
4|Page
ACAMS PRACTICE EXAM PREP LATEST 2025/2026 ACTUAL
EXAM COMPLETE 150 QUESTIONS AND CORRECT ANSWERS
GRADED A+ GUARANTEED PASS- ACE YOUR EXAM
1. What is the right of reciprocity in the field of international cooperation against
money laundering?
A. The legal principle that financial institutions that have referred customers to
other financial institutions can share information about these customers with the
other institutions
B. A rule of the Basel Committee allowing properly regulated financial institutes of
another member state of the Basel Committee to do business without additional
supervision to the degree that the other state grants the same right
C. The right of each FATF member country to delegate prosecution of a case of
money laundering to another member that is already investigating the same case
D. A rule in the law of a country allowing its authorities to cooperate with
authorities of other countries to the degree that their law allows them to do the
same - Correct Answer-D. A rule in the law of a country allowing its authorities to
cooperate with authorities of other countries to the degree that their law allows
them to do the same
2. The greatest risk for money laundering is for casinos that
A. provide their customers with a wide array of gambling services.
B. operate in a non-Egmont member country.
C. allow customers with credit balances to withdraw funds by check in another
jurisdiction.
1|Page
, ACAMS Practice EXAM PREP
D. only send suspicious transaction reports to the financial intelligence unit of the
country it operates in - Correct Answer-C. allow customers with credit balances to
withdraw funds by check in another jurisdiction.
3. Which statement is true regarding the risk of politically exposed persons (PEPs)?
A. PEPs provide access to third parties on whom the financial institution has not
conducted sufficient due diligence.
B. PEPs have significantly greater exposure to the politically corrupt funds,
including accepting bribes or misappropriating government funds.
C. PEPs are foreign customers who inherently present additional risk as they are
engaged in crossborder transactions.
D. PEPs generally do not pose enhanced risks to an institution due to their political
standing; rather, PEPs increase the prestige of an institution. - Correct Answer-B.
PEPs have significantly greater exposure to the politically corrupt funds, including
accepting bribes or misappropriating government funds.
4. In 2014, the Wolfsberg Group published its Anti-Money Laundering Principles
for Correspondent Banking. Which three of the following elements are
recommended to be included in the due diligence of a correspondent banking
client?
A. The geographic risk
B. The ownership and management structure
C. The résumé of the compliance officer
D. The customer base - Correct Answer-A. The geographic risk
B. The ownership and management structure
D. The customer base
2|Page
, ACAMS Practice EXAM PREP
5. A new customer approaches a bank to open a commercial account. The
customer provides an address for the account located across the city from the
branch. When asked by the account representative if the customer requires any
additional banking services, the customer responds that she is also interested in
opening a personal investment account. The account representative refers the
customer to the broker-dealer. The customer tells the firm representative she has
never had a brokerage account before and has a few questions about how an
investment account works. The customer asks how deposits can be made into her
account, if there are any reporting requirements, and how to go about moving
balances out of the account using wire transfers. No questions are asked about
fees associated with these transactions. Which three items would be considered
suspicious?
A. The customer asks many questions about the brokerage accoun - Correct
Answer-A. The customer asks many questions about the brokerage account but
none of them is related to investing.
C. The address of the account holder and the branch where the customer came to
open the account are not close to each other.
D. The customer appears unconcerned about the fees.
6. Which of the following is the most common method of laundering money
through a legal money services business?
A. Exchanging currency and remitting money
B. Smuggling bulk cash
C. Transferring funds through payable through accounts (PTAs)
D. Exchanging Colombian pesos on the black market - Correct Answer-A.
Exchanging currency and remitting money
3|Page
, ACAMS Practice EXAM PREP
7. In general, the three phases of money laundering are said to be: placement and
A. structuring and manipulation.
B. layering and integration.
C. layering and smurfing.
D. integration and infiltration. - Correct Answer-B. layering and integration.
8. Which statement is true?
A. Systemic weaknesses in free trade zones include inadequate AML/CFT
safeguards, minimal oversight by local authorities and weak procedures to inspect
goods.
B. Cuckoo smurfing is a significant money laundering technique identified by the
Financial Action Task Force, wherein a form of structuring uses nested accounts
with shell banks in secrecy havens.
C. In its 40 Recommendations, the FATF issued a list of designated categories of
offense that asserts crimes for a money laundering prosecution.
D. E-cash is not attractive to the money launderer because it cannot be completely
anonymous and does not allow for large amounts to be transported quickly and
easily. - Correct Answer-A. Systemic weaknesses in free trade zones include
inadequate AML/CFT safeguards, minimal oversight by local authorities and weak
procedures to inspect goods.
9. Which three of the following is an indication of possible money laundering in an
insurance industry scenario?
A. Insurance products sold through intermediaries, agents or brokers
B. Single-premium insurance bonds, redeemed at a discount
4|Page
