CAFCA EXAM CERTIFIED AML
FINTECH COMPLIANCE
ASSOCIATE EXAM 2025 | ALL
QUESTIONS AND CORRECT
ANSWERS | GRADED A+ | VERIFIED
ANSWERS | NEWEST EXAM
Save
Terms in this set (60)
Illegal activities that typically are
economically motivated, such as
What is Financial
money laundering, terrorist
Crime?
financing, sanctions, fraud, bribery,
corruption, and tax evasion
,Name the three Placement, layering, and integration
basic stages of
money
laundering.
Terrorist financing uses funds to
State the key support terrorist activities, but the
differences funds are not necessarily derived
between money from illegal activities. Money
laundering and laundering always involves the
terrorist proceeds of illegal activities,
financing. typically committed by the ultimate
beneficiaries of the funds.
What are the Financial, economic, and trade. They
main types of generally target individuals,
sanctions and organizations, and countries.
who do they
target?
List the three The three major reasons are
major reasons pressure, opportunity, and
people commit rationalization. This model is referred
fraud, and what to as the "Fraud Triangle".
this model is
called.
, Name two The Foreign Corrupt Practices Act in
important pieces the US and The UK Bribery Act 2010.
of anti-bribery
and corruption
legislation with
extra-territorial
reach.
State two Tax avoidance uses legal practices
differences to reduce taxes owed, whereas tax
between tax evasion uses illegal practices to
avoidance and evade paying taxes owed.
tax evasion.
Examples of PEPs include heads of
state or heads of government,
senior politicians, senior
Name an
government, judicial and military
example of
officials, senior executives of state-
politically
owned corporations, and important
exposed
political party officials, as well as
persons (PEPs).
their families and close associates.
Usually, PEP positions are specified
in each jurisdiction's AML regulation.
FINTECH COMPLIANCE
ASSOCIATE EXAM 2025 | ALL
QUESTIONS AND CORRECT
ANSWERS | GRADED A+ | VERIFIED
ANSWERS | NEWEST EXAM
Save
Terms in this set (60)
Illegal activities that typically are
economically motivated, such as
What is Financial
money laundering, terrorist
Crime?
financing, sanctions, fraud, bribery,
corruption, and tax evasion
,Name the three Placement, layering, and integration
basic stages of
money
laundering.
Terrorist financing uses funds to
State the key support terrorist activities, but the
differences funds are not necessarily derived
between money from illegal activities. Money
laundering and laundering always involves the
terrorist proceeds of illegal activities,
financing. typically committed by the ultimate
beneficiaries of the funds.
What are the Financial, economic, and trade. They
main types of generally target individuals,
sanctions and organizations, and countries.
who do they
target?
List the three The three major reasons are
major reasons pressure, opportunity, and
people commit rationalization. This model is referred
fraud, and what to as the "Fraud Triangle".
this model is
called.
, Name two The Foreign Corrupt Practices Act in
important pieces the US and The UK Bribery Act 2010.
of anti-bribery
and corruption
legislation with
extra-territorial
reach.
State two Tax avoidance uses legal practices
differences to reduce taxes owed, whereas tax
between tax evasion uses illegal practices to
avoidance and evade paying taxes owed.
tax evasion.
Examples of PEPs include heads of
state or heads of government,
senior politicians, senior
Name an
government, judicial and military
example of
officials, senior executives of state-
politically
owned corporations, and important
exposed
political party officials, as well as
persons (PEPs).
their families and close associates.
Usually, PEP positions are specified
in each jurisdiction's AML regulation.
