ACAMS Practice Test 2 NR 603
Week 7 2026 Exam Questions
and Verified Answers | Already
Graded A+
When a financial institution is served with a search warrant by a law
enforcement agency, what are three things that the employees of the
institution should do?
,A. They should not release any documents until the institution's outside
counsel arrives on the scene.
B. They should cooperate fully with the law enforcement agents and remain
calm and polite.
C. They should try to obtain an inventory of the materials that the law
enforcement agents take from the institution.
D. They should review the warrant to determine its scope. - 🧠 ANSWER
✔✔B. They should cooperate fully with the law enforcement agents and
remain calm and polite.
C. They should try to obtain an inventory of the materials that the law
enforcement agents take from the institution.
D. They should review the warrant to determine its scope.
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 - 🧠 ANSWER ✔✔A.
Exchanging currency and remitting money
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. - 🧠 ANSWER ✔✔B. layering and integration.
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.
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, 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. - 🧠 ANSWER ✔✔A. Systemic weaknesses
in free trade zones include inadequate AML/CFT safeguards, minimal
oversight by local authorities and weak procedures to inspect goods.
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
C. Policyholders who are unconcerned about penalties for early
cancellation
Week 7 2026 Exam Questions
and Verified Answers | Already
Graded A+
When a financial institution is served with a search warrant by a law
enforcement agency, what are three things that the employees of the
institution should do?
,A. They should not release any documents until the institution's outside
counsel arrives on the scene.
B. They should cooperate fully with the law enforcement agents and remain
calm and polite.
C. They should try to obtain an inventory of the materials that the law
enforcement agents take from the institution.
D. They should review the warrant to determine its scope. - 🧠 ANSWER
✔✔B. They should cooperate fully with the law enforcement agents and
remain calm and polite.
C. They should try to obtain an inventory of the materials that the law
enforcement agents take from the institution.
D. They should review the warrant to determine its scope.
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 - 🧠 ANSWER ✔✔A.
Exchanging currency and remitting money
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. - 🧠 ANSWER ✔✔B. layering and integration.
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.
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2026. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
, 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. - 🧠 ANSWER ✔✔A. Systemic weaknesses
in free trade zones include inadequate AML/CFT safeguards, minimal
oversight by local authorities and weak procedures to inspect goods.
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
C. Policyholders who are unconcerned about penalties for early
cancellation
