ACAMS FINAL EXAM 2025/2026 BANK 2
VERSIONS AND STUDY GUIDE WELL
RESEARCHED CURRENTLY TESTING
COMPLETE ACTUAL QUESTIONS WITH
DETAILED VERIFIED ANSWERS
EXPERTLY VERIFIED
/ALREADY GRADED A+
A nancial institution's internal audit department has
found an issue with an AML process involving the AML
compliance of cer's efforts to conduct suf cient account
monitoring on certain products offered by the institution.
The AML compliance of cer should do which of the
following?
A. Let the independent audit function remediate the issue,
as they have identi ed it and the resolution of the issue
needs to be handled independently of the compliance
function.
B. Dispute the nding with audit, as the compliance of cer
should be suf ciently empowered to make all AML-related
decisions for the institution.
1
,C. Develop and follow an action plan to remediate the issue
and report to audit on the progress made on the issue.
D. Escalate the matter to the account opening team and
have them make the appropriate business decision. -
....ANSWER...C
A nancial institution has determined that opening
accounts for certain types of customers is not worthwhile,
as the cost of implementing controls is too great for
the revenue earned from the customers. Which of the
following options is the most effective way to enforce such
a decision?
A. Implement automated account opening controls to
prevent the account opening for the prohibited customer
types and provide employee training.
B. Develop a policy and procedure and implement a post-
account opening random testing for compliance.
C. Inform senior management of the prohibition and
provide employee training.
D. Include a notice of the prohibition in customer
disclosures. - ....ANSWER...A
2
,A longtime customer of the bank comes into the bank a
number of times over a series of weeks and deposits a large
amount of money and, the next day, asks for the money to
be wired to a third world country. This behavior is not in
keeping with his normal business practices. What should
the compliance of cer recommend?
A. Contact the Board of Directors as soon as possible and
inform them of this activity.
B. Immediately contact law enforcement by phone and tell
them of the potential money laundering activity.
C. Collect the appropriate documentation and
review it with the purpose of ling an STR.
D. Make a note of the activity, but do not le a STR in
order to not risk losing a longtime customer. -
....ANSWER...C
After collecting and reviewing all of the appropriate
documentation in preparation for the ling of an STR, what
should the compliance of cer do with the documentation?
A. The of cer should organize the documentation and
attach it to the led STR.
3
, B. The of cer should maintain the documentation in a
separate le in case law enforcement asks for the
supporting documentation for the STR.
C. The of cer should hand the documentation over to the
outside counsel of the bank in order to bring a civil suit
against the customer.
D. The of cer should use the documentation as a basis for
closing the account. - ....ANSWER...B
After receiving an STR, the relevant law enforcement
agency requests permission to interview the bank
personnel who are familiar with the underlying
transaction. What should the compliance of cer
recommend?
A. The of cer should confer with bank counsel as
to whether to request subpoenas from law
enforcement.
B. The of cer should deny permission for any such
interviews without the creation of a grand jury or a formal
court ordered investigation.
C. The of cer should only allow those employees who are
comfortable be interviewed by law enforcement.
D. The of cer should allow the employees to be interviewed
only if they are given immunity by law enforcement. -
4
VERSIONS AND STUDY GUIDE WELL
RESEARCHED CURRENTLY TESTING
COMPLETE ACTUAL QUESTIONS WITH
DETAILED VERIFIED ANSWERS
EXPERTLY VERIFIED
/ALREADY GRADED A+
A nancial institution's internal audit department has
found an issue with an AML process involving the AML
compliance of cer's efforts to conduct suf cient account
monitoring on certain products offered by the institution.
The AML compliance of cer should do which of the
following?
A. Let the independent audit function remediate the issue,
as they have identi ed it and the resolution of the issue
needs to be handled independently of the compliance
function.
B. Dispute the nding with audit, as the compliance of cer
should be suf ciently empowered to make all AML-related
decisions for the institution.
1
,C. Develop and follow an action plan to remediate the issue
and report to audit on the progress made on the issue.
D. Escalate the matter to the account opening team and
have them make the appropriate business decision. -
....ANSWER...C
A nancial institution has determined that opening
accounts for certain types of customers is not worthwhile,
as the cost of implementing controls is too great for
the revenue earned from the customers. Which of the
following options is the most effective way to enforce such
a decision?
A. Implement automated account opening controls to
prevent the account opening for the prohibited customer
types and provide employee training.
B. Develop a policy and procedure and implement a post-
account opening random testing for compliance.
C. Inform senior management of the prohibition and
provide employee training.
D. Include a notice of the prohibition in customer
disclosures. - ....ANSWER...A
2
,A longtime customer of the bank comes into the bank a
number of times over a series of weeks and deposits a large
amount of money and, the next day, asks for the money to
be wired to a third world country. This behavior is not in
keeping with his normal business practices. What should
the compliance of cer recommend?
A. Contact the Board of Directors as soon as possible and
inform them of this activity.
B. Immediately contact law enforcement by phone and tell
them of the potential money laundering activity.
C. Collect the appropriate documentation and
review it with the purpose of ling an STR.
D. Make a note of the activity, but do not le a STR in
order to not risk losing a longtime customer. -
....ANSWER...C
After collecting and reviewing all of the appropriate
documentation in preparation for the ling of an STR, what
should the compliance of cer do with the documentation?
A. The of cer should organize the documentation and
attach it to the led STR.
3
, B. The of cer should maintain the documentation in a
separate le in case law enforcement asks for the
supporting documentation for the STR.
C. The of cer should hand the documentation over to the
outside counsel of the bank in order to bring a civil suit
against the customer.
D. The of cer should use the documentation as a basis for
closing the account. - ....ANSWER...B
After receiving an STR, the relevant law enforcement
agency requests permission to interview the bank
personnel who are familiar with the underlying
transaction. What should the compliance of cer
recommend?
A. The of cer should confer with bank counsel as
to whether to request subpoenas from law
enforcement.
B. The of cer should deny permission for any such
interviews without the creation of a grand jury or a formal
court ordered investigation.
C. The of cer should only allow those employees who are
comfortable be interviewed by law enforcement.
D. The of cer should allow the employees to be interviewed
only if they are given immunity by law enforcement. -
4
