ACFCS PRACTICE TEST 2025-2026
GUARANTEED ACCURATE ANSWERS
Your |bank |has |recently |received |an |online |application |for |a |new |business |account |from |a
|company |named |Integral |Operations, |LLC. |By |reviewing |the |operating |agreement |and |other
|documents |included |in |the |application, |you |determine |that |Integral |is |incorporated |in |the |U.S.
|State |of |Wyoming. |A |review |of |the |Wyoming |corporate |registry |online |shows |that |Integral |was
|formed |10 |years |ago. |An |initial |internet |search |finds |no |company |website, |and |no |further
|information |on |the |company. |The |registered |agent |contact |information |and |address |on |the
|company's |most |recent |annual |filing |is |for |Biz |Management |Solutions, |a |corporate |services
|provider. |Concerned |that |ACE |Operations |appears |to |be |a |shelf |corporation, |you |are
|conducting |further |due |diligence |on |the |company's |ownership |structure. |Which |is |the |most
|appropriate |next |step |to |take?
Your |bank |has |recently |received |an |online |application |for |a |new |business |account |from |a
|company |n |- |ACCURATE |ANSWERS✔✔ |B) |Request |a |company |organizational |chart |that
|includes |members, |directors, |and |other |stakeholders.
You |are |the |compliance/risk |officer |at |ABC |Bank. |Senior |management |recently |released |plans
|to |issue |the |bank's |first |prepaid |cards |in |the |coming |year. |You |are |aware |that |drug |trafficking
|cartels |are |active |in |regions |in |which |your |institution |operates, |and |recent |law |enforcement
|cases |have |indicated |that |cartels |may |be |using |prepaid |cards |to |move |value |across |borders
|between |your |country |and |a |neighboring |country. |As |you |evaluate |the |product |team's
|proposed |card |features, |which |control |may |best |mitigate |the |risk |inherent |in |prepaid |cards?
A) |Limit |cash |withdrawals |to |certain |merchant |category |codes |(MCCs).
B) |Impose |low |dollar |limits |on |cash |loads |and |withdrawals.
,C) |Limit |the |number |of |loads |within |a |specific |time |frame.
D) |Control |the |number |of |accounts |allowed |per |person. |- |ACCURATE |ANSWERS✔✔ |B) |Impose
|low |dollar |limits |on |cash |loads |and |withdrawals.
You |are |investigating |a |Vietnamese |clothing |manufacturer |that |is |allegedly |laundering |money
|for |a |human |trafficking |organization. |Deposits |to |the |manufacturer's |bank |account |totaled
|$4.5 |million |(USD) |for |the |year |2012. |All |deposits |originated |from |a |single |source, |a |shipping
|corporation |in |Panama |that |makes |payments |through |a |bank |account |in |Riga, |Latvia.
|Payments |are |received |through |wire |transfers. |They |are |always |in |varying |amounts |of |dollars
|and |cents |and |the |SWIFT |messaging |always |states |that |the |payments |are |for |a |line |of |men's
|suits. |Which |is |LEAST |likely |to |be |a |red |flag |for |money |laundering?
A) |The |owner |of |the |business |who |is |the |sole |signatory |of |the |bank |account |resides |in |another
|country.
B) |The |shipping |company |is |located |in |Panama, |but |payments |originate |from |a |Latvian |bank |in
|Riga.
C) |Payments |to |the |manufacturer |are |only |received |from |a |single |customer |in |another
|industry.
D) |The |payments |are |in |- |ACCURATE |ANSWERS✔✔ |D) |The |payments |are |in |varying |amounts
|and |their |purpose |is |always |the |same |in |the |SWIFT |messaging.
Uniform |Solutions |is |a |wholesale |clothing |maker |and |retailer |that |produces |and |sells |uniforms
|to |government |agencies |and |large |institutions. |Recently, |the |company |has |heard |that |Country
|Z |is |looking |for |a |new |supplier |for |its |military |uniforms. |The |country |has |a |long |history |of
|governmental |corruption. |Uniform |Solutions |is |eager |to |secure |the |contract |but |does |not |have
|many |connections |in |Country |Z. |A |company |manager |proposes |to |hire |a |group |of |sales |agents
|in |Country |Z |to |help |make |contacts |and |negotiate |with |government |officials. |You |have |been
,|asked |to |review |the |business |arrangement |with |the |sales |agents |before |a |contract |is |signed |to
|ensure |anti-corruption |compliance. |What |would |be |the |best |steps |for |Uniform |Solutions |to
|take |before |they |execute |the |contract?
A) |The |company |should |ensure |the |fees |and |commissions |paid |to |the |sales |agents |are |higher
|than |average |to |reduce |the |likelihood |they |will |engage |in |bribery |- |ACCURATE |ANSWERS✔✔
|B) |The |company |should |ensure |the |contract |with |the |sales |agents |includes |a |provision
|explicitly |forbidding |bribery |and |corrupt |payments, |and |require |agents |to |sign |it.
C) |The |company |should |conduct |a |thorough |search |of |public |and |paid |databases |for |any
|negative |news |on |the |sales |agents |and |their |company.
You |are |conducting |a |country-level |corruption |risk |assessment |for |a |corporation |planning |to
|expand |into |several |new |jurisdictions. |Which |of |these |sources |would |most |likely |provide |the
|most |useful |starting |point |for |your |assessment?
A) |World |Bank |Stolen |Asset |Recovery |Initiative |reports.
B) |Interpol |Notices.
C) |Transparency |International |Corruption |Perceptions |Index.
D) |Wolfsberg |International |Due |Diligence |Repository. |- |ACCURATE |ANSWERS✔✔ |C)
|Transparency |International |Corruption |Perceptions |Index.
ABC |Corporation |is |a |closely |held |corporation |based |in |Country |X. |A |key |executive |of |ABC
|Corporation |is |a |US |citizen. |The |executive |is |suspected |of |using |fraudulent |activity |to |disguise
|income |to |evade |taxes. |You |are |investigating |this |executive |and |believe |that |he |may |be
|concealing |funds |from |reporting |under |the |US |Foreign |Account |Tax |Compliance |Act, |or |FATCA.
|Which |fact |BEST |indicates |an |attempt |to |evade |FATCA |reporting?
, A) |The |executive |holds |accounts |at |bank |that |is |not |a |registered |FFI.
B) |The |executive |has |created |shell |companies |incorporated |in |US |states.
C) |ABC |Corporation |filed |an |amended |tax |return |the |previous |year.
D) |ABC |Corporation |has |made |several |large |wire |transfers |from |Country |X |to |the |US |-
ACCURATE |ANSWERS✔✔ |A) |The |executive |holds |accounts |at |bank |that |is |not |a |registered |FFI.
|
Securities |King |was |a |stock |brokerage |that |collapsed |after |it |was |revealed |to |be |running |a
|Ponzi |scheme. |The |scheme |has |left |behind |numerous |defrauded |investors |and |the |brokerage
|is |now |being |liquidated |in |bankruptcy |court. |You |are |an |investigative |professional |who |has
|been |asked |to |look |into |a |lawyer |suspected |of |involvement |in |the |Ponzi |scheme. |The |lawyer |is
|thought |to |have |handled |funds |for |Securities |King |through |his |firm's |account. |There |has |been
|no |prior |investigation |of |the |lawyer, |and |you |currently |have |little |information |him |or |his |firm.
|What |would |be |the |most |appropriate |first |step |to |take |in |your |investigation?
A) |Contact |the |lawyer |to |schedule |an |interview
B) |Conduct |physical |surveillance |of |the |lawyer |to |understand |his |movements
C) |Request |that |a |bankruptcy |court |judge |name |you |a |receiver |of |Securities |King
D) |Thoroughly |research |the |lawyer |and |his |firm |online |and |in |public |records |- |ACCURATE
ANSWERS✔✔ |D) |Thoroughly |research |the |lawyer |and |his |firm |online |and |in |public |records
|
Your |institution |initiated |a |project |to |create |new |monitoring |typologies |related |to |terrorist
|financing |and |update |existing |ones. |As |part |of |this |project, |a |team |has |gathered |a |sample |of
GUARANTEED ACCURATE ANSWERS
Your |bank |has |recently |received |an |online |application |for |a |new |business |account |from |a
|company |named |Integral |Operations, |LLC. |By |reviewing |the |operating |agreement |and |other
|documents |included |in |the |application, |you |determine |that |Integral |is |incorporated |in |the |U.S.
|State |of |Wyoming. |A |review |of |the |Wyoming |corporate |registry |online |shows |that |Integral |was
|formed |10 |years |ago. |An |initial |internet |search |finds |no |company |website, |and |no |further
|information |on |the |company. |The |registered |agent |contact |information |and |address |on |the
|company's |most |recent |annual |filing |is |for |Biz |Management |Solutions, |a |corporate |services
|provider. |Concerned |that |ACE |Operations |appears |to |be |a |shelf |corporation, |you |are
|conducting |further |due |diligence |on |the |company's |ownership |structure. |Which |is |the |most
|appropriate |next |step |to |take?
Your |bank |has |recently |received |an |online |application |for |a |new |business |account |from |a
|company |n |- |ACCURATE |ANSWERS✔✔ |B) |Request |a |company |organizational |chart |that
|includes |members, |directors, |and |other |stakeholders.
You |are |the |compliance/risk |officer |at |ABC |Bank. |Senior |management |recently |released |plans
|to |issue |the |bank's |first |prepaid |cards |in |the |coming |year. |You |are |aware |that |drug |trafficking
|cartels |are |active |in |regions |in |which |your |institution |operates, |and |recent |law |enforcement
|cases |have |indicated |that |cartels |may |be |using |prepaid |cards |to |move |value |across |borders
|between |your |country |and |a |neighboring |country. |As |you |evaluate |the |product |team's
|proposed |card |features, |which |control |may |best |mitigate |the |risk |inherent |in |prepaid |cards?
A) |Limit |cash |withdrawals |to |certain |merchant |category |codes |(MCCs).
B) |Impose |low |dollar |limits |on |cash |loads |and |withdrawals.
,C) |Limit |the |number |of |loads |within |a |specific |time |frame.
D) |Control |the |number |of |accounts |allowed |per |person. |- |ACCURATE |ANSWERS✔✔ |B) |Impose
|low |dollar |limits |on |cash |loads |and |withdrawals.
You |are |investigating |a |Vietnamese |clothing |manufacturer |that |is |allegedly |laundering |money
|for |a |human |trafficking |organization. |Deposits |to |the |manufacturer's |bank |account |totaled
|$4.5 |million |(USD) |for |the |year |2012. |All |deposits |originated |from |a |single |source, |a |shipping
|corporation |in |Panama |that |makes |payments |through |a |bank |account |in |Riga, |Latvia.
|Payments |are |received |through |wire |transfers. |They |are |always |in |varying |amounts |of |dollars
|and |cents |and |the |SWIFT |messaging |always |states |that |the |payments |are |for |a |line |of |men's
|suits. |Which |is |LEAST |likely |to |be |a |red |flag |for |money |laundering?
A) |The |owner |of |the |business |who |is |the |sole |signatory |of |the |bank |account |resides |in |another
|country.
B) |The |shipping |company |is |located |in |Panama, |but |payments |originate |from |a |Latvian |bank |in
|Riga.
C) |Payments |to |the |manufacturer |are |only |received |from |a |single |customer |in |another
|industry.
D) |The |payments |are |in |- |ACCURATE |ANSWERS✔✔ |D) |The |payments |are |in |varying |amounts
|and |their |purpose |is |always |the |same |in |the |SWIFT |messaging.
Uniform |Solutions |is |a |wholesale |clothing |maker |and |retailer |that |produces |and |sells |uniforms
|to |government |agencies |and |large |institutions. |Recently, |the |company |has |heard |that |Country
|Z |is |looking |for |a |new |supplier |for |its |military |uniforms. |The |country |has |a |long |history |of
|governmental |corruption. |Uniform |Solutions |is |eager |to |secure |the |contract |but |does |not |have
|many |connections |in |Country |Z. |A |company |manager |proposes |to |hire |a |group |of |sales |agents
|in |Country |Z |to |help |make |contacts |and |negotiate |with |government |officials. |You |have |been
,|asked |to |review |the |business |arrangement |with |the |sales |agents |before |a |contract |is |signed |to
|ensure |anti-corruption |compliance. |What |would |be |the |best |steps |for |Uniform |Solutions |to
|take |before |they |execute |the |contract?
A) |The |company |should |ensure |the |fees |and |commissions |paid |to |the |sales |agents |are |higher
|than |average |to |reduce |the |likelihood |they |will |engage |in |bribery |- |ACCURATE |ANSWERS✔✔
|B) |The |company |should |ensure |the |contract |with |the |sales |agents |includes |a |provision
|explicitly |forbidding |bribery |and |corrupt |payments, |and |require |agents |to |sign |it.
C) |The |company |should |conduct |a |thorough |search |of |public |and |paid |databases |for |any
|negative |news |on |the |sales |agents |and |their |company.
You |are |conducting |a |country-level |corruption |risk |assessment |for |a |corporation |planning |to
|expand |into |several |new |jurisdictions. |Which |of |these |sources |would |most |likely |provide |the
|most |useful |starting |point |for |your |assessment?
A) |World |Bank |Stolen |Asset |Recovery |Initiative |reports.
B) |Interpol |Notices.
C) |Transparency |International |Corruption |Perceptions |Index.
D) |Wolfsberg |International |Due |Diligence |Repository. |- |ACCURATE |ANSWERS✔✔ |C)
|Transparency |International |Corruption |Perceptions |Index.
ABC |Corporation |is |a |closely |held |corporation |based |in |Country |X. |A |key |executive |of |ABC
|Corporation |is |a |US |citizen. |The |executive |is |suspected |of |using |fraudulent |activity |to |disguise
|income |to |evade |taxes. |You |are |investigating |this |executive |and |believe |that |he |may |be
|concealing |funds |from |reporting |under |the |US |Foreign |Account |Tax |Compliance |Act, |or |FATCA.
|Which |fact |BEST |indicates |an |attempt |to |evade |FATCA |reporting?
, A) |The |executive |holds |accounts |at |bank |that |is |not |a |registered |FFI.
B) |The |executive |has |created |shell |companies |incorporated |in |US |states.
C) |ABC |Corporation |filed |an |amended |tax |return |the |previous |year.
D) |ABC |Corporation |has |made |several |large |wire |transfers |from |Country |X |to |the |US |-
ACCURATE |ANSWERS✔✔ |A) |The |executive |holds |accounts |at |bank |that |is |not |a |registered |FFI.
|
Securities |King |was |a |stock |brokerage |that |collapsed |after |it |was |revealed |to |be |running |a
|Ponzi |scheme. |The |scheme |has |left |behind |numerous |defrauded |investors |and |the |brokerage
|is |now |being |liquidated |in |bankruptcy |court. |You |are |an |investigative |professional |who |has
|been |asked |to |look |into |a |lawyer |suspected |of |involvement |in |the |Ponzi |scheme. |The |lawyer |is
|thought |to |have |handled |funds |for |Securities |King |through |his |firm's |account. |There |has |been
|no |prior |investigation |of |the |lawyer, |and |you |currently |have |little |information |him |or |his |firm.
|What |would |be |the |most |appropriate |first |step |to |take |in |your |investigation?
A) |Contact |the |lawyer |to |schedule |an |interview
B) |Conduct |physical |surveillance |of |the |lawyer |to |understand |his |movements
C) |Request |that |a |bankruptcy |court |judge |name |you |a |receiver |of |Securities |King
D) |Thoroughly |research |the |lawyer |and |his |firm |online |and |in |public |records |- |ACCURATE
ANSWERS✔✔ |D) |Thoroughly |research |the |lawyer |and |his |firm |online |and |in |public |records
|
Your |institution |initiated |a |project |to |create |new |monitoring |typologies |related |to |terrorist
|financing |and |update |existing |ones. |As |part |of |this |project, |a |team |has |gathered |a |sample |of
