ACAMS Questions and Answers with Verified Solutions | Latest 2026
Update
Q: Subpoena
Answer:
Compulsory legal process issued by a court to compel the appearance of a
witness at a judicial proceeding, sometimes requiring the witness to bring specified
documents.
The term can refer to either the process or the actual document that compels the
recipient to
act.
Q: Suspicious Activity
Answer:
Irregular or questionable customer behavior or activity that may be
related to a money laundering or other criminal offense, or to the financing of a
terrorist
activity. May also refer
to a transaction that is inconsistent with a customer's known legitimate business,
personal
activities, or the normal level of activity for that kind of business or account.
,ACAMS Questions and Answers with Verified Solutions | Latest 2026
Update
Q: Suspicious Transaction Report (STR)
Answer:
A government filing required by reporting entities that
includes a financial institution's account
of a questionable transaction.
Q: Tax Haven
Answer:
Countries that offer special tax incentives or tax avoidance to foreign investors
and depositors.
,ACAMS Questions and Answers with Verified Solutions | Latest 2026
Update
Q: Terrorist Financing
Answer:
The process by which terrorists fund their operations in order to perform
terrorist acts. There
are two primary sources of financing for terrorist activities. The first involves
financial support
from countries, organizations or individuals. The other involves a wide variety of
revenue-
generating activities, some illicit, including smuggling and credit card fraud.
Q: Testimony
Answer:
Witness' oral presentation, usually under oath, that describes facts known to the
witness.
, ACAMS Questions and Answers with Verified Solutions | Latest 2026
Update
Q: Tipping Off
Answer:
Improper or illegal act of notifying a suspect that he or she is the subject of a
Suspicious Transaction Report or is otherwise being investigated or pursued by the
authorities.
Q: Transparency International
Answer:
Berlin-based, non-governmental organization dedicated to
increasing government accountability
and curbing both international and national corruption. Established in 1993, TI is
active in
approximately 100 countries. It publishes "corruption news" on its website daily and
offers an
archive of corruption- related news articles and reports. Its Corruption Online
Research and
Information System, or CORIS, is perhaps the most comprehensive worldwide
database on
corruption.
Update
Q: Subpoena
Answer:
Compulsory legal process issued by a court to compel the appearance of a
witness at a judicial proceeding, sometimes requiring the witness to bring specified
documents.
The term can refer to either the process or the actual document that compels the
recipient to
act.
Q: Suspicious Activity
Answer:
Irregular or questionable customer behavior or activity that may be
related to a money laundering or other criminal offense, or to the financing of a
terrorist
activity. May also refer
to a transaction that is inconsistent with a customer's known legitimate business,
personal
activities, or the normal level of activity for that kind of business or account.
,ACAMS Questions and Answers with Verified Solutions | Latest 2026
Update
Q: Suspicious Transaction Report (STR)
Answer:
A government filing required by reporting entities that
includes a financial institution's account
of a questionable transaction.
Q: Tax Haven
Answer:
Countries that offer special tax incentives or tax avoidance to foreign investors
and depositors.
,ACAMS Questions and Answers with Verified Solutions | Latest 2026
Update
Q: Terrorist Financing
Answer:
The process by which terrorists fund their operations in order to perform
terrorist acts. There
are two primary sources of financing for terrorist activities. The first involves
financial support
from countries, organizations or individuals. The other involves a wide variety of
revenue-
generating activities, some illicit, including smuggling and credit card fraud.
Q: Testimony
Answer:
Witness' oral presentation, usually under oath, that describes facts known to the
witness.
, ACAMS Questions and Answers with Verified Solutions | Latest 2026
Update
Q: Tipping Off
Answer:
Improper or illegal act of notifying a suspect that he or she is the subject of a
Suspicious Transaction Report or is otherwise being investigated or pursued by the
authorities.
Q: Transparency International
Answer:
Berlin-based, non-governmental organization dedicated to
increasing government accountability
and curbing both international and national corruption. Established in 1993, TI is
active in
approximately 100 countries. It publishes "corruption news" on its website daily and
offers an
archive of corruption- related news articles and reports. Its Corruption Online
Research and
Information System, or CORIS, is perhaps the most comprehensive worldwide
database on
corruption.
