ACAMS Study Guide (Module 1)Practice
Exam With Questions And Correct
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Define Bribery (1) - CORRECTANSWER Giving or receiving money or some other asset in
exchange for the improper use of one's delegated power.
Provide a few examples of bribery (1) - CORRECTANSWER Can be in cash, but also include gifts,
entertainment, business events, hiring, padded invoices, political donations, and kickbacks.
Define Corruption (1) - CORRECTANSWER Misuse of delegated power for one's personal benefit.
Broad term that refers to many types of unethical behavior such as: Embezzlement, extortion,
graft, and influence peddling.
What individuals are particularly subject to corruption? (1) - CORRECTANSWER Government
officials
, Define Embezzlement (1) - CORRECTANSWER A person entrusted with a position of authority or
fiduciary responsibility steals money directly from the government or company.
Provide an example of embezzlement (1) - CORRECTANSWER A CFO at a state-owned
investment firm misuses their position for self-enrichment by transferring money out of the
firm's account into their own personal account.
Define Graft and provide an example (1) - CORRECTANSWER A person obtains a dishonest
financial advantage in a less direct way.
Ex: a government official in charge of appropriations hires a road construction company that
they own and overpays the company to their own profit.
Define Anomalous Funds (1) - CORRECTANSWER financial transactions, investments, or capital
movements that deviate significantly from established patterns, historical behavior, or expected
risk-return models.
What type of money/platform does terrorist financing increasingly rely on? (1) -
CORRECTANSWER Cryptocurrency and unregulated fintech platforms
Fill in the blank: (1)
Terrorist financing often involves _______ funds being diverted for ______ purposes making
detection more complex. - CORRECTANSWER 1) legitimate
2) illicit
Define SAR - CORRECTANSWER Suspicious Activity Report:
A document filed by financial institutions to report potential money laundering, fraud, or
violation of the Bank Secrecy Act to the Financial Crimes Enforcement Network (FinCen).
Exam With Questions And Correct
Answers ||Guaranteed Pass|| Already
Graded A+||Updated 2026||Brand New
Version!!!!!!
Define Bribery (1) - CORRECTANSWER Giving or receiving money or some other asset in
exchange for the improper use of one's delegated power.
Provide a few examples of bribery (1) - CORRECTANSWER Can be in cash, but also include gifts,
entertainment, business events, hiring, padded invoices, political donations, and kickbacks.
Define Corruption (1) - CORRECTANSWER Misuse of delegated power for one's personal benefit.
Broad term that refers to many types of unethical behavior such as: Embezzlement, extortion,
graft, and influence peddling.
What individuals are particularly subject to corruption? (1) - CORRECTANSWER Government
officials
, Define Embezzlement (1) - CORRECTANSWER A person entrusted with a position of authority or
fiduciary responsibility steals money directly from the government or company.
Provide an example of embezzlement (1) - CORRECTANSWER A CFO at a state-owned
investment firm misuses their position for self-enrichment by transferring money out of the
firm's account into their own personal account.
Define Graft and provide an example (1) - CORRECTANSWER A person obtains a dishonest
financial advantage in a less direct way.
Ex: a government official in charge of appropriations hires a road construction company that
they own and overpays the company to their own profit.
Define Anomalous Funds (1) - CORRECTANSWER financial transactions, investments, or capital
movements that deviate significantly from established patterns, historical behavior, or expected
risk-return models.
What type of money/platform does terrorist financing increasingly rely on? (1) -
CORRECTANSWER Cryptocurrency and unregulated fintech platforms
Fill in the blank: (1)
Terrorist financing often involves _______ funds being diverted for ______ purposes making
detection more complex. - CORRECTANSWER 1) legitimate
2) illicit
Define SAR - CORRECTANSWER Suspicious Activity Report:
A document filed by financial institutions to report potential money laundering, fraud, or
violation of the Bank Secrecy Act to the Financial Crimes Enforcement Network (FinCen).
