ACAMS CERTIFICATION EXAM 2026 MASTER
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TEST BANK --- ---
ASSOCIATION OF CERTIFIED ANTI-MONEY --- --- --- ---
LAUNDERING SPECIALISTS EXAM | ALL --- --- --- --- ---
QUESTIONS AND CORRECT ANSWERS | --- --- --- --- ---
GRADED A+ | UPDATED VERSION --- --- --- --- ---
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SECTION 1: MONEY LAUNDERING RISKS AND METHODS
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(Questions 1–50) --- ---
Question 1: In general, the three phases of money laundering
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are said to be: Placement, __________, and __________.
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• A) Structuring and manipulation
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• B) Layering and integration
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• C) Layering and smurfing
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• D) Integration and infiltration
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,Answer: B --- ---
Rationale: The three phases of money laundering are Placement
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(introducing illicit funds into the financial system), Layering
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(concealing the origin through complex transactions), and
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Integration (making the funds appear legitimate).
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--
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Question 2: Which of the following is the most common method
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of laundering money through a legal money services business?
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• A) Purchasing structured money instruments
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• B) Smuggling bulk-cash
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• C) Transferring funds through Payable Through Accounts
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(PTAs) ---
• D) Exchanging Colombian pesos on the black market
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Answer: A --- ---
Rationale: Purchasing structured money instruments is the most
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common method of laundering money through a legal money
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services business (MSB). Money services businesses offer services
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including check cashing, money transmission, and selling money
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orders, making them vulnerable to structuring.
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, --
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Question 3: Which two activities are typically associated with
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the Black Market Peso Exchange (BMPE) money laundering
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system? ---
• A) Converting illicit drug proceeds from dollars or Euros to
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Colombian pesos --- ---
• B) Converting illicit drug proceeds from Colombian pesos to
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dollars or Euros --- --- ---
• C) Facilitating purchases by Colombian importers of goods
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manufactured in the United States or Europe through peso --- --- --- --- --- --- --- --- ---
brokers ---
• D) Buying and selling property using drug proceeds
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Answer: A, C --- --- ---
Rationale: The Black Market Peso Exchange (BMPE) involves
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converting illicit drug proceeds from dollars (or Euros) to
--- --- --- --- --- --- --- --- ---
Colombian pesos and facilitating purchases by Colombian
--- --- --- --- --- --- ---
importers of goods from the U.S. or Europe through peso brokers.
--- --- --- --- --- --- --- --- --- --- --
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, Question 4: A Commission Rogatoire (letter of request) will
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generally include which of the following?
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• I) The legal provision under which the request is made
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• II) The information sought
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• III) The criminal charges in the requesting country
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• IV) The nature of the request
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• A) All of the above
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• B) I, II and IV
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• C) II, III and IV
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• D) I, II and III
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Answer: A --- ---
Rationale: A Commission Rogatoire (letter of request) is a formal
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request for mutual legal assistance between countries. It
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generally includes the legal provision for the request, the
--- --- --- --- --- --- --- --- ---
information sought, the criminal charges, and the nature of the
--- --- --- --- --- --- --- --- --- ---
request. ---
--
-
--- --- --- --- ---
TEST BANK --- ---
ASSOCIATION OF CERTIFIED ANTI-MONEY --- --- --- ---
LAUNDERING SPECIALISTS EXAM | ALL --- --- --- --- ---
QUESTIONS AND CORRECT ANSWERS | --- --- --- --- ---
GRADED A+ | UPDATED VERSION --- --- --- --- ---
---
SECTION 1: MONEY LAUNDERING RISKS AND METHODS
--- --- --- --- --- --- ---
(Questions 1–50) --- ---
Question 1: In general, the three phases of money laundering
--- --- --- --- --- --- --- --- --- ---
are said to be: Placement, __________, and __________.
--- --- --- --- --- --- --- ---
• A) Structuring and manipulation
--- --- --- ---
• B) Layering and integration
--- --- --- ---
• C) Layering and smurfing
--- --- --- ---
• D) Integration and infiltration
--- --- --- ---
,Answer: B --- ---
Rationale: The three phases of money laundering are Placement
--- --- --- --- --- --- --- --- ---
(introducing illicit funds into the financial system), Layering
--- --- --- --- --- --- --- ---
(concealing the origin through complex transactions), and
--- --- --- --- --- --- ---
Integration (making the funds appear legitimate).
--- --- --- --- --- ---
--
-
Question 2: Which of the following is the most common method
--- --- --- --- --- --- --- --- --- --- ---
of laundering money through a legal money services business?
--- --- --- --- --- --- --- --- ---
• A) Purchasing structured money instruments
--- --- --- --- ---
• B) Smuggling bulk-cash
--- --- ---
• C) Transferring funds through Payable Through Accounts
--- --- --- --- --- --- ---
(PTAs) ---
• D) Exchanging Colombian pesos on the black market
--- --- --- --- --- --- --- ---
Answer: A --- ---
Rationale: Purchasing structured money instruments is the most
--- --- --- --- --- --- --- ---
common method of laundering money through a legal money
--- --- --- --- --- --- --- --- ---
services business (MSB). Money services businesses offer services
--- --- --- --- --- --- --- ---
including check cashing, money transmission, and selling money
--- --- --- --- --- --- --- ---
orders, making them vulnerable to structuring.
--- --- --- --- --- ---
, --
-
Question 3: Which two activities are typically associated with
--- --- --- --- --- --- --- --- ---
the Black Market Peso Exchange (BMPE) money laundering
--- --- --- --- --- --- --- ---
system? ---
• A) Converting illicit drug proceeds from dollars or Euros to
--- --- --- --- --- --- --- --- --- ---
Colombian pesos --- ---
• B) Converting illicit drug proceeds from Colombian pesos to
--- --- --- --- --- --- --- --- ---
dollars or Euros --- --- ---
• C) Facilitating purchases by Colombian importers of goods
--- --- --- --- --- --- --- ---
manufactured in the United States or Europe through peso --- --- --- --- --- --- --- --- ---
brokers ---
• D) Buying and selling property using drug proceeds
--- --- --- --- --- --- --- ---
Answer: A, C --- --- ---
Rationale: The Black Market Peso Exchange (BMPE) involves
--- --- --- --- --- --- --- ---
converting illicit drug proceeds from dollars (or Euros) to
--- --- --- --- --- --- --- --- ---
Colombian pesos and facilitating purchases by Colombian
--- --- --- --- --- --- ---
importers of goods from the U.S. or Europe through peso brokers.
--- --- --- --- --- --- --- --- --- --- --
-
--
-
, Question 4: A Commission Rogatoire (letter of request) will
--- --- --- --- --- --- --- --- ---
generally include which of the following?
--- --- --- --- --- ---
• I) The legal provision under which the request is made
--- --- --- --- --- --- --- --- --- ---
• II) The information sought
--- --- --- ---
• III) The criminal charges in the requesting country
--- --- --- --- --- --- --- ---
• IV) The nature of the request
--- --- --- --- --- ---
• A) All of the above
--- --- --- --- ---
• B) I, II and IV
--- --- --- --- ---
• C) II, III and IV
--- --- --- --- ---
• D) I, II and III
--- --- --- --- ---
Answer: A --- ---
Rationale: A Commission Rogatoire (letter of request) is a formal
--- --- --- --- --- --- --- --- --- ---
request for mutual legal assistance between countries. It
--- --- --- --- --- --- --- ---
generally includes the legal provision for the request, the
--- --- --- --- --- --- --- --- ---
information sought, the criminal charges, and the nature of the
--- --- --- --- --- --- --- --- --- ---
request. ---
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