ACAMS Exam Questions and Answers
100% Pass
Which of the following is the most common method of laundering money through a
legal money services business?
A. Purchasing structured money settlements
B. Smuggling bulk-cash
C. Transferring funds through Payable Through Accounts (PTAs)
D. Exchanging Columbian pesos on the black market - ✔✔A. Purchasing structured
money settlements
In general, the three phases of money laundering are said to be: Placement:
A. Structuring and manipulation
B. Layering and integration
C. Layering and smurfing
Katelyn Whitman, All Rights Reserved © 2025 1
,D. Integration and infiltration - ✔✔B. Layering and integration
Which statement is true?
A. Bust-out schemes are popular in creating large bankruptcy frauds where businesses
secure increasing loans in access 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
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 amounds to be "transported" quickly and
easily - ✔✔A. Bust-out schemes are popular in creating large bankruptcy frauds where
businesses secure increasing loans in access 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
Which three of the following is an indication of possible money laundering in an
insurance industry scenario?
Katelyn Whitman, All Rights Reserved © 2025 2
, A. Insurance products sold through intermediaries, agents, or brokers
B. Single-premium insurance bonds, redeemed at a discount
C. Policyholders who are unconcerned about penalties for early cancellation
D. Policyholders who redeem the policy within the "free look" period - ✔✔B. Single-
premium insurance bonds, redeemed at a discount
C. Policyholders who are unconcerned about penalties for early cancellation
D. Policyholders who redeem the policy within the "free look" period
Which two activities are typically associated with the black market peso exchange
(BMPE) money laundering system?
A. Converting illicit drug proceeds from dollars or pesos 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. Facilitating purchases by European of U.S. Importers of goods manufactures in
Colombia through peso brokers - ✔✔A. Converting illicit drug proceeds from dollars or
pesos to Colombian pesos
Katelyn Whitman, All Rights Reserved © 2025 3
100% Pass
Which of the following is the most common method of laundering money through a
legal money services business?
A. Purchasing structured money settlements
B. Smuggling bulk-cash
C. Transferring funds through Payable Through Accounts (PTAs)
D. Exchanging Columbian pesos on the black market - ✔✔A. Purchasing structured
money settlements
In general, the three phases of money laundering are said to be: Placement:
A. Structuring and manipulation
B. Layering and integration
C. Layering and smurfing
Katelyn Whitman, All Rights Reserved © 2025 1
,D. Integration and infiltration - ✔✔B. Layering and integration
Which statement is true?
A. Bust-out schemes are popular in creating large bankruptcy frauds where businesses
secure increasing loans in access 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
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 amounds to be "transported" quickly and
easily - ✔✔A. Bust-out schemes are popular in creating large bankruptcy frauds where
businesses secure increasing loans in access 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
Which three of the following is an indication of possible money laundering in an
insurance industry scenario?
Katelyn Whitman, All Rights Reserved © 2025 2
, A. Insurance products sold through intermediaries, agents, or brokers
B. Single-premium insurance bonds, redeemed at a discount
C. Policyholders who are unconcerned about penalties for early cancellation
D. Policyholders who redeem the policy within the "free look" period - ✔✔B. Single-
premium insurance bonds, redeemed at a discount
C. Policyholders who are unconcerned about penalties for early cancellation
D. Policyholders who redeem the policy within the "free look" period
Which two activities are typically associated with the black market peso exchange
(BMPE) money laundering system?
A. Converting illicit drug proceeds from dollars or pesos 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. Facilitating purchases by European of U.S. Importers of goods manufactures in
Colombia through peso brokers - ✔✔A. Converting illicit drug proceeds from dollars or
pesos to Colombian pesos
Katelyn Whitman, All Rights Reserved © 2025 3
