ACAMS Study Guide Questions and Answers with Verified Solutions |
Latest 2026 Update
Q: investigation?
Answer:
(Choose three.) A. When there is a suspicion that an employee is conspiring with a
long-term customer to launder money through the bank B. When several customers
open separate accounts at different branches but with the same contact information
C. When the bank's regulatory agency recommends changes to the AML policy D.
When a long-term employee decides to take only intermittent vacation days but not
two weeks in a row, per bank policy a, b & d
Q: What are three practical tips in interviewing employees with regard to an
unusual or suspicious transaction they have witnessed?
Answer:
A. Interview the employees as soon after the occurrence as possible in order to
ensure that their memories are fresh. B. Try to put the employees at ease during the
interview and start with relatively easy, noncontroversial questions before getting
into more sensitive matters. C. Use open-ended questions for the employees in order
to ensure that the questions do not dictate what the expected answer is. D. Control
the interview as much as possible in order to attempt to resolve the matter quickly
and uncover the wrongdoer. a, b & c
,ACAMS Study Guide Questions and Answers with Verified Solutions |
Latest 2026 Update
Q: With regard to exchanges of information between FIUs of different countries,
what are three controlling principles?
Answer:
A. Sharing between FIUs should be permitted only if the central banks are also a
party to the sharing. B. The sharing of information should be done as freely as
possible on the basis of reciprocity. C. The exchange of information should take
place as informally and as rapidly as possible. D. Differences in the definition of
offenses should not impede the free exchange of information. b, c & d
Q: Rick is the AML compliance officer for a small bank that had AML difficulties
and is operating under a deferred prosecution agreement with the federal
government. The FBI approaches Rick and requests that the bank maintain an
account the FBI is examining so that the FBI can monitor continuing activity.
What two things should Rick do?
Answer:
A. Ask that the request be submitted in writing. B. Ensure that the request is from
someone with the appropriate authority. C. Ask the board of directors to approve
keeping the account open after an internal investigation. D. Keep the account open in
order to avoid incurring any further disfavor with the federal government. a & b
,ACAMS Study Guide Questions and Answers with Verified Solutions |
Latest 2026 Update
Q: Identify three methods of money laundering in the real estate business.
Answer:
A. Using large amounts of cash to purchase property
B. Disguising the beneficial ownership
C. Using an unlicensed agent
D. Generating rental income a, b & c
Q: Identify three methods of laundering money using lawyers.
Answer:
A. Creating trusts for clients
B. Buying and selling property
C. Setting up and managing a charity
D. Litigating a civil case for a client a, b & c
, ACAMS Study Guide Questions and Answers with Verified Solutions |
Latest 2026 Update
Q: Roy, a BSA officer for a large financial institution, is reviewing a possible
money laundering case. What are three potential red flags that should concern
him?
Answer:
A. Multiple purchases and sales of property over a short period of time
Q: B. High number of transactions over the Internet or by phone
Answer:
C. Newly arrived customer from out of state opening a business account
D. Two or more people using the same identification a, b & d
Latest 2026 Update
Q: investigation?
Answer:
(Choose three.) A. When there is a suspicion that an employee is conspiring with a
long-term customer to launder money through the bank B. When several customers
open separate accounts at different branches but with the same contact information
C. When the bank's regulatory agency recommends changes to the AML policy D.
When a long-term employee decides to take only intermittent vacation days but not
two weeks in a row, per bank policy a, b & d
Q: What are three practical tips in interviewing employees with regard to an
unusual or suspicious transaction they have witnessed?
Answer:
A. Interview the employees as soon after the occurrence as possible in order to
ensure that their memories are fresh. B. Try to put the employees at ease during the
interview and start with relatively easy, noncontroversial questions before getting
into more sensitive matters. C. Use open-ended questions for the employees in order
to ensure that the questions do not dictate what the expected answer is. D. Control
the interview as much as possible in order to attempt to resolve the matter quickly
and uncover the wrongdoer. a, b & c
,ACAMS Study Guide Questions and Answers with Verified Solutions |
Latest 2026 Update
Q: With regard to exchanges of information between FIUs of different countries,
what are three controlling principles?
Answer:
A. Sharing between FIUs should be permitted only if the central banks are also a
party to the sharing. B. The sharing of information should be done as freely as
possible on the basis of reciprocity. C. The exchange of information should take
place as informally and as rapidly as possible. D. Differences in the definition of
offenses should not impede the free exchange of information. b, c & d
Q: Rick is the AML compliance officer for a small bank that had AML difficulties
and is operating under a deferred prosecution agreement with the federal
government. The FBI approaches Rick and requests that the bank maintain an
account the FBI is examining so that the FBI can monitor continuing activity.
What two things should Rick do?
Answer:
A. Ask that the request be submitted in writing. B. Ensure that the request is from
someone with the appropriate authority. C. Ask the board of directors to approve
keeping the account open after an internal investigation. D. Keep the account open in
order to avoid incurring any further disfavor with the federal government. a & b
,ACAMS Study Guide Questions and Answers with Verified Solutions |
Latest 2026 Update
Q: Identify three methods of money laundering in the real estate business.
Answer:
A. Using large amounts of cash to purchase property
B. Disguising the beneficial ownership
C. Using an unlicensed agent
D. Generating rental income a, b & c
Q: Identify three methods of laundering money using lawyers.
Answer:
A. Creating trusts for clients
B. Buying and selling property
C. Setting up and managing a charity
D. Litigating a civil case for a client a, b & c
, ACAMS Study Guide Questions and Answers with Verified Solutions |
Latest 2026 Update
Q: Roy, a BSA officer for a large financial institution, is reviewing a possible
money laundering case. What are three potential red flags that should concern
him?
Answer:
A. Multiple purchases and sales of property over a short period of time
Q: B. High number of transactions over the Internet or by phone
Answer:
C. Newly arrived customer from out of state opening a business account
D. Two or more people using the same identification a, b & d
