Acams Practice Test (100- Pass)

ACAMS PRACTICE TEST (100% PASS) b b b b




Which vof vthe vfollowing vis vthe vmost vcommon vmethod vof vlaundering vmoney
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vthrough va vlegal vmoney vservices vbusiness? v- v vcorrect vanswer- vPurchasing
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vstructured vmoney vinstruments
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In vgeneral, vthe v3 vphases vof vmoney vlaundering vare vsaid vto vbe: vPlacement; v- v
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vcorrect vanswer- vLayering vand vintegration
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Which vstatement vis vtrue? v- v vcorrect vanswer- vBust-out vschemes vare vpopular vin
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vcreating vlarge vbankruptcy vfrauds vwhere vbusinesses vsecure vincreasing vloans vin
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vexcess vof vthe vactual vvalue vof vthe vcompany vor vproperty vand vthen vrun vwith vthe
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vmoney. vLeaving vthe vlender vto vforeclose vand vtake va vsubstantial vloss
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Which v3 vof vthe vfollowing vis van vindication vof vpossible vmoney vlaundering vin van
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vinsurance vindustry vscenario? v- v vcorrect vanswer- v-Single-premium vinsurance
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vbonds, vredeemed vat va vdiscount
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-Policyholders vwho vare vunconcerned vabout vpenalties vfor vearly vcancellation b b b b b b b b




-Policyholders vwho vmake vfull vuse vof vthe v"free vlook" vperiod b b b b b b b b b




Which v2 vactivities vare vtypically vassociated vwith vthe vblack vmarket vpeso vexchange
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v(BMPE) vmoney vlaundering vsystem? v- v vcorrect vanswer- v-Converting villicit vdrug
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vproceeds vfrom vdollars vor vEuros vto vColombian vpesos
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-Facilitating vpurchases vby vColombian vimporters vof vgoods vmanufactured vin vthe
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vUnited vStates vor vEurope vthrough vpeso vbrokers
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What vis vthe vRight vof vReciprocity vin vthe vfield vof vin vthe vfield vof vinternational
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vcooperation vagainst vmoney vlaundering? v- v vcorrect vanswer- vA vrule vin vthe vlaw vof
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va vcountry vallowing vits vauthorities vto vcooperate vwith vauthorities vof vother vcountries
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vto vthe vdegree vthat vtheir vlaw vallows vthem vto vdo vthe vsame
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The vgreatest vrisk vfor vmoney vlaundering vis vfor vcasinos vthat v- v vcorrect vanswer-
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vAllow vcustomers vwith vcredit vbalances vto vwithdraw vfunds vby vcheck vin vanother
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vjurisdiction
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Which vstatement vis vtrue vregarding vthe vrisk vof vPolitically vExposed vPersons
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v(PEPs)? v- v vcorrect vanswer- vPEPs vhave vsignificantly vgreater vexposure vto vthe
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vpolitically vcorrupt vfunds, vincluding vaccepting vbribes vor vmisappropriating
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vgovernment vfunds
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Dirty vmoney, vderived vfrom vcriminal vactivities vof vBelgian vCriminal vA, vis vsent vto va
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vforeign vbank vaccount vof vCorporation vB. vThen vin vBelgium, va vnew vinvestment
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vCompany vC vis vincorporated. vCriminal vA vis vappointed vas va vdirector vof vCompany
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, vC. vCompany vC vborrows vmoney vfrom vthe vforeign vCompany vB vand vbuys vreal
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vestate vin vBelgium. vThe vreal vestate vis vrented vto vthird vparties. vDirector v(Criminal)
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vA valso vrents van vapartment vin vthe vbuilding v.With vthe vfunds vgenerated vby vthe
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vrent, vCompany vC vpays voff vthe vloan vto vCorporation vB, vand vthe vsalary vof
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vDirector vA. vCriminal vA vnow vconverted vhis vdirty vmoney vin vlegal vfunds v.This
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vlaundering vmethod vis vcommonly vreferred vto vas vwhat? v- v vcorrect vanswer- vLoan
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vback
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A vnew vcustomer vapproaches va vbank vto vopen va vcommercial vaccount. vThe
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vcustomer vprovides van vaddress vfor vthe vaccount vlocated vacross vthe vcity vfrom vthe
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vbranch. vWhen vasked vby vthe vaccount vrepresentative vif vthe vcustomer vrequires
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vany vadditional vbanking vservices, vthe vcustomer vresponds vshe vis valso vinterested
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vin vopening va vpersonal vinvestment vaccount. vThe vaccount vrepresentative vrefers
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vthe vcustomer vto vtheir vbroke-dealer. vThe vcustomer vtells vthe vfirm vrepresentative
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vshe vhas vnever vhad va vbrokerage vaccount vbefore vand vhas va vfew vquestions vabout
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vhow van vinvestment vaccount vworks. vThe vcustomer vasks vhow vdeposits vcan vbe
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vmade vinto vher vaccount, vif vthere vare vany vreporting vrequirements, vand vhow vto vgo
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vabout vmoving vbalances vout vof vthe vaccount vusing vwire vtransfers. vNo vquestions
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vare vasked vabout vfees vassociated vwith vthese vtransactions. vWhich vthree vitems
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vwould vbe vconsidered vsuspicious? v- v vcorrect vanswer- vThe vcustomer vasks vmany
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vquestions vabout vthe vbrokerage vaccount, vbut vnone vof vthem vare vrelated vto
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vinvesting.
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The vaddress vof vthe vaccount vholder vand vthe vbranch vwhere vthe vcustomer vcame vto
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vopen vthe vaccount vare vnot vclose vto veach vother.
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That vthe vcustomer vappears vunconcerned vabout vthe vfees.
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International vtrade vin vgoods vand vservices vcan vbe vused vas veither va vcover vfor b b b b b b b b b b b b b




vmoney vlaundering vor vas vthe vlaundering vmechanism vitself. vWhat vis vMOST
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vimportant vfor vthe vlaunderer vwhen vengaging vin vthis vmethod? vThe vability: v- v
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vcorrect vanswer- vTo vover-or vunder-invoice vthe vgoods.
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Which vof vthe vfollowing vstatements vis vtrue? vCorrespondent vbanking vis vMOST
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vvulnerable vto vmoney vlaundering vwhen vthe vcorrespondent vaccount vis: v- v vcorrect
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vanswer- vMaintained vfor va vforeign vbank vthat vdoes vnot vhave va vphysical vpresence
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vin vany vcountry.
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Which vstatement vis vtrue? vLawyers: v- v vcorrect vanswer- vCan vbe vabused vby
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vlaunderers vby vusing vthe vaccounts vthey vset vup vfor vthem vfor vthe vplacement vand
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vlayering vof vfunds.
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The vThird vEU vMoney vLaundering vDirective vof v2005 vapplies vto vwhich vof vthe
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vfollowing vfirms? v- v vcorrect vanswer- vAuditors, vestate vagents vbased vin vthe vEU.
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According vto vthe vEU vDirectives vof v2001, van vindependent vlegal vprofessional vis b b b b b b b b b b b




vobligated vto vreport vsuspicion vof vmoney vlaundering vin va vclient vrelationship vwhen:
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v- v vcorrect vanswer- vParticipating vin vfinancial vor vcorporate vtransactions.
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