ACAMS MOCK EXAM 2025/2026 BANK
CURRENTLY TESTING COMPLETE
ACTUAL QUESTIONS WITH WELL
RESEARCHED DETAILED VERIFIED
ANSWERS EXPERTLY VERIFIED
/ALREADY GRADED A+
Which three criteria does a shell bank meet according to
the Wolfsburg Principles on Correspondent Banking? -
....ANSWER...It does not conduct business at a fixed
address in a jurisdiction in which it is authorized to
conduct business.
It does not employ on or more individuals at its fixed
address where it is authorized to conduct business or
maintain operating records at that business
An audit completed the previous week revealed that a
private banking customer submitted incomplete
documents when establishing an account earlier m the
year. The customer received weekly electronic fund
transfers from a narcotic-producing jurisdiction. While the
relationship manager who opened the account is on leave
for 5 weeks, the customer requests that the institution
1
,remit a substantial sum to a country that represents a high
risk of money laundering. The relationship manager is a
friend of the anti-money laundering specialist. What
should the anti-money laundering officer do first? -
....ANSWER...File a suspicious transaction report
with the competent authority.
A junior account manager within an international private
bank in Country A was asked by one of his valued
customers, who has held an account for several years in
the institution, about depositing a large sum of cash into
her account. The junior account manager informed his
customer that his bank does not accept cash. The junior
account manager later reviewed a customer activity report
and noticed a number of smaller dollar wires from banks in
neighboring Country B, which has lax currency controls,
that totaled about as much as the customer intended to
deposit. What should the junior account manager do? -
....ANSWER...Notify the anti-money laundering
specialist of his bank, but do not call the customer
What are three risk factors a financial institution should
examine with regard to a proposed new product? -
....ANSWER...The complexity of the product.
2
,What is the primary action a financial institution should
take before formulating its antimoney laundering
program? - ....ANSWER...It should consult with its
correspondent banks to determine the nature and extent of
their AML programs
Which activity is most likely to facilitate money
laundering through on-line systems with inadequate
controls? - ....ANSWER...Providing continuous worldwide
access
A customer has held an account at a local credit
institution for 10 years. The account has received deposits
twice weekly for the same amount and has never shown
signs of suspect behavior. Monitoring software indicated
that in the past few months the account has received
3
, several large deposits that were not in line with the
account history. When asked, the customer states she
recently sold a piece of property, which is supported with a
proof of sale. What should the compliance officer do next?
- ....ANSWER...File and STR with competent authorities
What describes the Black Market Peso Exchange money
laundering method? - ....ANSWER...a method primarily
used by narcotics traffickers to transfer value to the source
country
In general, what is an element that a financial institution
or business does not have to specifically address in an anti-
money laundering program? - ....ANSWER...a description
of its OFAC program to address government watch list
screening
How can dealers in high-value items be at risk for money
laundering? - ....ANSWER...Carrying large amounts of
gems of high value is physically easy
Why is the Mutual Legal Assistance Treaty (MLAT) a
gateway for international cooperation? -
4
CURRENTLY TESTING COMPLETE
ACTUAL QUESTIONS WITH WELL
RESEARCHED DETAILED VERIFIED
ANSWERS EXPERTLY VERIFIED
/ALREADY GRADED A+
Which three criteria does a shell bank meet according to
the Wolfsburg Principles on Correspondent Banking? -
....ANSWER...It does not conduct business at a fixed
address in a jurisdiction in which it is authorized to
conduct business.
It does not employ on or more individuals at its fixed
address where it is authorized to conduct business or
maintain operating records at that business
An audit completed the previous week revealed that a
private banking customer submitted incomplete
documents when establishing an account earlier m the
year. The customer received weekly electronic fund
transfers from a narcotic-producing jurisdiction. While the
relationship manager who opened the account is on leave
for 5 weeks, the customer requests that the institution
1
,remit a substantial sum to a country that represents a high
risk of money laundering. The relationship manager is a
friend of the anti-money laundering specialist. What
should the anti-money laundering officer do first? -
....ANSWER...File a suspicious transaction report
with the competent authority.
A junior account manager within an international private
bank in Country A was asked by one of his valued
customers, who has held an account for several years in
the institution, about depositing a large sum of cash into
her account. The junior account manager informed his
customer that his bank does not accept cash. The junior
account manager later reviewed a customer activity report
and noticed a number of smaller dollar wires from banks in
neighboring Country B, which has lax currency controls,
that totaled about as much as the customer intended to
deposit. What should the junior account manager do? -
....ANSWER...Notify the anti-money laundering
specialist of his bank, but do not call the customer
What are three risk factors a financial institution should
examine with regard to a proposed new product? -
....ANSWER...The complexity of the product.
2
,What is the primary action a financial institution should
take before formulating its antimoney laundering
program? - ....ANSWER...It should consult with its
correspondent banks to determine the nature and extent of
their AML programs
Which activity is most likely to facilitate money
laundering through on-line systems with inadequate
controls? - ....ANSWER...Providing continuous worldwide
access
A customer has held an account at a local credit
institution for 10 years. The account has received deposits
twice weekly for the same amount and has never shown
signs of suspect behavior. Monitoring software indicated
that in the past few months the account has received
3
, several large deposits that were not in line with the
account history. When asked, the customer states she
recently sold a piece of property, which is supported with a
proof of sale. What should the compliance officer do next?
- ....ANSWER...File and STR with competent authorities
What describes the Black Market Peso Exchange money
laundering method? - ....ANSWER...a method primarily
used by narcotics traffickers to transfer value to the source
country
In general, what is an element that a financial institution
or business does not have to specifically address in an anti-
money laundering program? - ....ANSWER...a description
of its OFAC program to address government watch list
screening
How can dealers in high-value items be at risk for money
laundering? - ....ANSWER...Carrying large amounts of
gems of high value is physically easy
Why is the Mutual Legal Assistance Treaty (MLAT) a
gateway for international cooperation? -
4
