Certified AML Fintech Compliance Associate
(CAFCA) COMPLETE EXAM LATEST VERSION 2026-
2027 QUESTIONS AND ANSWERS
What are the four key aspects of successful partner relationships among
financial institutions? - answer>>Set a strong foundation, establish clear
roles and responsibilities, have a clear escalation process, and ensure
regular communication.
What two types of information might an economic crime unit request from
a FinTech? - answer>>Law enforcement can request information from
FinTech in their effort to collect intelligence and build evidence for a case.
"Requests for intelligence" typically are made via a non-legally binding
request. If law enforcement decides to pursue a case in court, they will
submit a "request for evidence."
What are some general guidelines for how to respond to a law enforcement
request? - answer>>Acknowledge receipt of the request, give your
expected time frame for the response, make sure you understand exactly
what information has been requested, determine whether there is a
deadline, provide exactly what the request asks for, and write clearly,
avoiding jargon.
What are some general guidelines for working with regulators? -
answer>>Maintain frequent, proactive communication, promptly reply to
requests for information, communicate clearly, avoiding jargon, and take a
collaborative, helpful approach.
, What should an organization do when it suspects that a customer is
laundering money? - answer>>The organization has a duty to report it to
the authorities. In many countries, there is a personal liability to report
money laundering, and there are legal penalties of fines and imprisonment
if you do not do so.
What should you do if you have completed your research and identified risk
indicators that can't be mitigated? - answer>>You might need to escalate
the customer for additional investigation. The internal process you use to
escalate your findings is important and can have legal and regulatory
consequences.
What is a SAR/STR? - answer>>Suspicious activity reports (SARs) or
Suspicious transaction reports (STRs) are reports that alert law
enforcement to potential instances of money laundering or terrorist
financing.
How is a SAR written? - answer>>The laws about filing a SAR are clear and
strong. The format often follows a template provided by law enforcement.
There are instructions about how much to include.
What is transaction monitoring? - answer>>Transaction monitoring is the
scanning and analysis of historic transactional data for potential money
laundering, or efforts to breach economic sanctions.
(CAFCA) COMPLETE EXAM LATEST VERSION 2026-
2027 QUESTIONS AND ANSWERS
What are the four key aspects of successful partner relationships among
financial institutions? - answer>>Set a strong foundation, establish clear
roles and responsibilities, have a clear escalation process, and ensure
regular communication.
What two types of information might an economic crime unit request from
a FinTech? - answer>>Law enforcement can request information from
FinTech in their effort to collect intelligence and build evidence for a case.
"Requests for intelligence" typically are made via a non-legally binding
request. If law enforcement decides to pursue a case in court, they will
submit a "request for evidence."
What are some general guidelines for how to respond to a law enforcement
request? - answer>>Acknowledge receipt of the request, give your
expected time frame for the response, make sure you understand exactly
what information has been requested, determine whether there is a
deadline, provide exactly what the request asks for, and write clearly,
avoiding jargon.
What are some general guidelines for working with regulators? -
answer>>Maintain frequent, proactive communication, promptly reply to
requests for information, communicate clearly, avoiding jargon, and take a
collaborative, helpful approach.
, What should an organization do when it suspects that a customer is
laundering money? - answer>>The organization has a duty to report it to
the authorities. In many countries, there is a personal liability to report
money laundering, and there are legal penalties of fines and imprisonment
if you do not do so.
What should you do if you have completed your research and identified risk
indicators that can't be mitigated? - answer>>You might need to escalate
the customer for additional investigation. The internal process you use to
escalate your findings is important and can have legal and regulatory
consequences.
What is a SAR/STR? - answer>>Suspicious activity reports (SARs) or
Suspicious transaction reports (STRs) are reports that alert law
enforcement to potential instances of money laundering or terrorist
financing.
How is a SAR written? - answer>>The laws about filing a SAR are clear and
strong. The format often follows a template provided by law enforcement.
There are instructions about how much to include.
What is transaction monitoring? - answer>>Transaction monitoring is the
scanning and analysis of historic transactional data for potential money
laundering, or efforts to breach economic sanctions.
