ACAMS FINAL EXAM AND PRACTICE
EXAM QUESTIONS 2025/2026 BANK AND
STUDY GUIDE WELL RESEARCHED
CURRENTLY TESTING COMPLETE
ACTUAL QUESTIONS WITH DETAILED
VERIFIED ANSWERS EXPERT
VERIFIED /ALREADY GRADED A+
Diane, the AML compliance officer for a large financial
institution, uncovers a serious case of potential money
laundering being conducted through a number of related
accounts. What three factors should she consider in
deciding whether or not to close the accounts?
A. Whether the account holder is a close associate of any
of the members of the board of directors
B. Whether the alleged money laundering
activity is occurring in all of the accounts or just
some of the accounts
C. The legal basis for closing the accounts
D. The reputational risk to the institution if the
accounts are maintained - ....ANSWER...b, c & d
1
,Why is a payable through account vulnerable to money
laundering?
A. It can be very difficult to conduct due diligence on
the foreign institution customers who are
ultimately using these accounts.
B. These are concentration accounts located in a domestic
branch of a foreign bank.
C. These are nested correspondent accounts at a foreign
shell bank with customers with whom the domestic bank
did not exercise due diligence.
D. These are master escrow accounts on which a domestic
bank generally does not conduct periodic verification. -
....ANSWER...a
2
,What is the reasoning behind implementing a risk-based
anti-money laundering approach?
A. It will keep the regulators focused on money laundering
controls in sectors beyond banks.
B. Institutions can best use their limited resources to
focus on matters where the money laundering risks
are highest.
C. A quantitative approach will generate better results
than a qualitative approach.
D. It allows the institution to focus on selling products
that have a better return on investment. - ....ANSWER...b
According to the FATF 40 Recommendations, designated
nonfinancial businesses and professions
include
A. casinos, real estate agents and dealers in
precious stones.
B. money service businesses, gatekeepers and issuers of
electronic money.
C. dealers in precious metals, lawyers and commodity
futures traders.
D. life insurance companies, real estate agents and
3
, notaries. - ....ANSWER...a
What are three initial things that a law enforcement
investigator should consider in following up on an STR
submitted by a financial institution?
A. Identify potentially suspicious activity and any specified
unlawful activity.
B. Trace the source and ownership of illegal money through
all appropriate accounts.
C. In cross-border cases, seek international assistance.
D. Consider providing immunity to the target of the
investigation to get more information quickly. -
....ANSWER...a, b & c
4
EXAM QUESTIONS 2025/2026 BANK AND
STUDY GUIDE WELL RESEARCHED
CURRENTLY TESTING COMPLETE
ACTUAL QUESTIONS WITH DETAILED
VERIFIED ANSWERS EXPERT
VERIFIED /ALREADY GRADED A+
Diane, the AML compliance officer for a large financial
institution, uncovers a serious case of potential money
laundering being conducted through a number of related
accounts. What three factors should she consider in
deciding whether or not to close the accounts?
A. Whether the account holder is a close associate of any
of the members of the board of directors
B. Whether the alleged money laundering
activity is occurring in all of the accounts or just
some of the accounts
C. The legal basis for closing the accounts
D. The reputational risk to the institution if the
accounts are maintained - ....ANSWER...b, c & d
1
,Why is a payable through account vulnerable to money
laundering?
A. It can be very difficult to conduct due diligence on
the foreign institution customers who are
ultimately using these accounts.
B. These are concentration accounts located in a domestic
branch of a foreign bank.
C. These are nested correspondent accounts at a foreign
shell bank with customers with whom the domestic bank
did not exercise due diligence.
D. These are master escrow accounts on which a domestic
bank generally does not conduct periodic verification. -
....ANSWER...a
2
,What is the reasoning behind implementing a risk-based
anti-money laundering approach?
A. It will keep the regulators focused on money laundering
controls in sectors beyond banks.
B. Institutions can best use their limited resources to
focus on matters where the money laundering risks
are highest.
C. A quantitative approach will generate better results
than a qualitative approach.
D. It allows the institution to focus on selling products
that have a better return on investment. - ....ANSWER...b
According to the FATF 40 Recommendations, designated
nonfinancial businesses and professions
include
A. casinos, real estate agents and dealers in
precious stones.
B. money service businesses, gatekeepers and issuers of
electronic money.
C. dealers in precious metals, lawyers and commodity
futures traders.
D. life insurance companies, real estate agents and
3
, notaries. - ....ANSWER...a
What are three initial things that a law enforcement
investigator should consider in following up on an STR
submitted by a financial institution?
A. Identify potentially suspicious activity and any specified
unlawful activity.
B. Trace the source and ownership of illegal money through
all appropriate accounts.
C. In cross-border cases, seek international assistance.
D. Consider providing immunity to the target of the
investigation to get more information quickly. -
....ANSWER...a, b & c
4
