1|Page
ACAMS Practice Exam 6th Ed.||Verified Exam!!!|| Most
Recent Exam Actual Complete Real Exam Questions
And Correct Answers (Verified Answers) Already
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1. What is the Right of Reciprocity in the field of
international cooperation against money laundering?
A. The legal principle that financial institutions that have
referred customers to other financial institutions can share
information about these customers with the other
institutions.
B. A rule of the Basel Committee allowing properly
regulated financial institutes of another member state of
the Basel Committee to do business without additional
supervision to the degree that the other state grants the
same right.
C. The right of each FATF member country to delegate
prosecution of a case of money laundering to another
member that is already investigating the same case.
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D. A rule in the law of a country allowing its authorities to
cooperate with authorities of other countries to the degree
that their law allows them to do the same.. - Answer-D. A
rule in the law of a country allowing its authorities to
cooperate with authorities of other countries to the degree
that their law allows them to do the same.
1. 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. Purchasing structured money instruments.
1. In general, the three phases of money laundering are
said to be: Placement:
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A. Structuring and manipulation.
B. Layering and integration.
C. Layering and smurfing.
D. Integration and infiltration. - Answer-B. Layering and
integration.
1. Which statement is true?
A. Bust-out schemes are popular in creating large
bankruptcy frauds where businesses secure increasing
loans in excess of the actual value of the company or
property and then run with the money, leaving the lender
to foreclose and take a substantial loss.
B. Cuckoo smurfing is a significant money laundering
technique identified by the Financial Action Task Force,
where a form of structuring uses nested accounts with
shell banks in secrecy havens.
, 4|Page
C. In its 40 Recommendations, the FATF issued a list of
"designated categories of offense" that asserts crimes for
a money laundering prosecution.
D. E-cash is not attractive to the money launderer
because it cannot be completely anonymous and does not
allow for large amounts to be "transported" quickly and
easily. - Answer-A. Bust-out schemes are popular in
creating large bankruptcy frauds where businesses secure
increasing loans in excess of the actual value of the
company or property and then run with the money, leaving
the lender to foreclose and take a substantial loss.
1. Which three of the following is an indication of possible
money laundering in an insurance industry scenario?
A. Insurance products sold through intermediaries, agents
or brokers.
B. Single-premium insurance bonds, redeemed at a
discount.
ACAMS Practice Exam 6th Ed.||Verified Exam!!!|| Most
Recent Exam Actual Complete Real Exam Questions
And Correct Answers (Verified Answers) Already
Graded A+ | Guaranteed Success!! Newest Exam!!!
1. What is the Right of Reciprocity in the field of
international cooperation against money laundering?
A. The legal principle that financial institutions that have
referred customers to other financial institutions can share
information about these customers with the other
institutions.
B. A rule of the Basel Committee allowing properly
regulated financial institutes of another member state of
the Basel Committee to do business without additional
supervision to the degree that the other state grants the
same right.
C. The right of each FATF member country to delegate
prosecution of a case of money laundering to another
member that is already investigating the same case.
,2|Page
D. A rule in the law of a country allowing its authorities to
cooperate with authorities of other countries to the degree
that their law allows them to do the same.. - Answer-D. A
rule in the law of a country allowing its authorities to
cooperate with authorities of other countries to the degree
that their law allows them to do the same.
1. 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. Purchasing structured money instruments.
1. In general, the three phases of money laundering are
said to be: Placement:
,3|Page
A. Structuring and manipulation.
B. Layering and integration.
C. Layering and smurfing.
D. Integration and infiltration. - Answer-B. Layering and
integration.
1. Which statement is true?
A. Bust-out schemes are popular in creating large
bankruptcy frauds where businesses secure increasing
loans in excess of the actual value of the company or
property and then run with the money, leaving the lender
to foreclose and take a substantial loss.
B. Cuckoo smurfing is a significant money laundering
technique identified by the Financial Action Task Force,
where a form of structuring uses nested accounts with
shell banks in secrecy havens.
, 4|Page
C. In its 40 Recommendations, the FATF issued a list of
"designated categories of offense" that asserts crimes for
a money laundering prosecution.
D. E-cash is not attractive to the money launderer
because it cannot be completely anonymous and does not
allow for large amounts to be "transported" quickly and
easily. - Answer-A. Bust-out schemes are popular in
creating large bankruptcy frauds where businesses secure
increasing loans in excess of the actual value of the
company or property and then run with the money, leaving
the lender to foreclose and take a substantial loss.
1. Which three of the following is an indication of possible
money laundering in an insurance industry scenario?
A. Insurance products sold through intermediaries, agents
or brokers.
B. Single-premium insurance bonds, redeemed at a
discount.
