CAFCA EXAM | CERTIFIED AML FINTECH
COMPLIANCE ASSOCIATE APPROVED EXAM
2025/2026 COMPLETE ACCURATE QUESTIONS
WITH WELL ELABORATED ANSWERS
(VERIFIED SOLUTIONS) A NEW UPDATED
VERSION |GUARANTEED PASS A+ (BRAND
NEW!!) FULL REVISED
What is the role of Retch in AML programs?
Answer- In AML, Rag Tech is typically used to support
onboarding, transaction monitoring, investigations,
reporting, and risk assessment and governance processes.
A Retch can design products that solve an organization's
specific data and technical problems.
What are some important considerations when using
third=party contractors and consultants in AML
programs?
Answer- They can play a valuable role, but require
ongoing oversight and due diligence checks; appropriate
training, and the appropriate level of access to internal
systems and data. Ensure they have no implicit biases.
,Consider them equal or higher risk than the organization's
employees.
What is an "indemnity"?
Answer- A formal legal document that is commonly used
in communication between financial institutions, often to
request information. Indemnities facilitate the return of
funds from one organization to another when the funds
have been reported as criminal.
What are the four key aspects of successful partner
relationships among financial institutions?
Answer- Set a strong foundation, establish clear roles and
responsibilities, have a clear escalation process, and
ensure regular communication.
What two types of information might an economic crime
unit request from a Fitch?
, Answer- Law enforcement can request information from
Fitch in their effort to collect intelligence and build
evidence for a case. "Requests for intelligence" typically
are made via a non-legally binding request. If law
enforcement decides to pursue a case in court, they will
submit a "request for evidence."
What are some general guidelines for how to respond to a
law enforcement request?
Answer- Acknowledge receipt of the request, give your
expected time frame for the response, make sure you
understand exactly what information has been requested,
determine whether there is a deadline, provide exactly
what the request asks for, and write clearly, avoiding
jargon.
What are some general guidelines for working with
regulators?
Answer- Maintain frequent, proactive communication,
promptly reply to requests for information, communicate
COMPLIANCE ASSOCIATE APPROVED EXAM
2025/2026 COMPLETE ACCURATE QUESTIONS
WITH WELL ELABORATED ANSWERS
(VERIFIED SOLUTIONS) A NEW UPDATED
VERSION |GUARANTEED PASS A+ (BRAND
NEW!!) FULL REVISED
What is the role of Retch in AML programs?
Answer- In AML, Rag Tech is typically used to support
onboarding, transaction monitoring, investigations,
reporting, and risk assessment and governance processes.
A Retch can design products that solve an organization's
specific data and technical problems.
What are some important considerations when using
third=party contractors and consultants in AML
programs?
Answer- They can play a valuable role, but require
ongoing oversight and due diligence checks; appropriate
training, and the appropriate level of access to internal
systems and data. Ensure they have no implicit biases.
,Consider them equal or higher risk than the organization's
employees.
What is an "indemnity"?
Answer- A formal legal document that is commonly used
in communication between financial institutions, often to
request information. Indemnities facilitate the return of
funds from one organization to another when the funds
have been reported as criminal.
What are the four key aspects of successful partner
relationships among financial institutions?
Answer- Set a strong foundation, establish clear roles and
responsibilities, have a clear escalation process, and
ensure regular communication.
What two types of information might an economic crime
unit request from a Fitch?
, Answer- Law enforcement can request information from
Fitch in their effort to collect intelligence and build
evidence for a case. "Requests for intelligence" typically
are made via a non-legally binding request. If law
enforcement decides to pursue a case in court, they will
submit a "request for evidence."
What are some general guidelines for how to respond to a
law enforcement request?
Answer- Acknowledge receipt of the request, give your
expected time frame for the response, make sure you
understand exactly what information has been requested,
determine whether there is a deadline, provide exactly
what the request asks for, and write clearly, avoiding
jargon.
What are some general guidelines for working with
regulators?
Answer- Maintain frequent, proactive communication,
promptly reply to requests for information, communicate
