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ACAMS Certification Exam 2023-2024 Questions and Answers Correct
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ACAMS Certification Exam 2023-2024 Questions and Answers Correct 
 
 
C - The USA PATRIOT Act was passed in: 
 
A) 1970 
 
B) 1985 
 
C) 2001 
 
D) 2007 
D - The three stages of money laundering are: 
 
A) Layering, Placement, Refining 
 
B) Placement, Refining, Integration 
 
C) Refining. Integration, Layering 
 
D) Integration, Layering, Placement 
D - Which of the following would be satisfactory elements of an Anti-Money Laundering Program? 
 
I - A CAMS certified employee in the Investiga...
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ACAMS (Test Review) Questions with Correct Solutions, Rated A+
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Identify the seven topics of international incorporated into the FATF 40 recommendations in 2012? - AML/CFT policies & procedures. 
Money Laundering & confiscation. 
Terrorist financing & financing of proliferation. 
Financial & non-financial institution preventative measures. 
Transparency & beneficial ownership of legal persons & arrangements. 
Powers & responsibilities of competent authorities & other institutional measures. 
International cooperation. 
 
According to the Egmont Group, Wh...
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ACAMS Study Guide Practice Questions with Answers
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Which of the following is the most common method of laundering money through a legal money services business? 
A. Exchanging currency and remitting money 
B. Smuggling bulk cash 
C. Transferring funds through payable through accounts (PTAs) 
D. Exchanging Colombian pesos on the black market - a 
 
In general, the three phases of money laundering are said to be: placement and 
A. structuring and manipulation. 
B. layering and integration. 
C. layering and smurfing. 
D. integration and infiltra...
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ACAMS Practice Questions with Correct Answers, A+
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C - The USA PATRIOT Act was passed in: 
 
A) 1970 
 
B) 1985 
 
C) 2001 
 
D) 2007 
 
D - The three stages of money laundering are: 
 
A) Layering, Placement, Refining 
 
B) Placement, Refining, Integration 
 
C) Refining. Integration, Layering 
 
D) Integration, Layering, Placement 
 
D - Which of the following would be satisfactory elements of an Anti-Money Laundering Program? 
 
I - A CAMS certified employee in the Investigations Unit writes up a few policies and procedures and posts...
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ACAMS Exam 2024 with Questions Solved 100% Correct
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2 ways remittance services can foster ML - Ans • Packages containing large cash sums and even 
drugs anonymously. 
• Another technique commonly used by money remitters and currency exchanges is for the 
broker to make the funds available to the criminal organization at the destination country in the 
local currency. 
2 Ways to launder money in Real Estate - Ans • By way of chain transactions in real estate to 
cloak the illicit source of funds (the layering phase), 
• By investment in, f...
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ACAMS Main Exam | 120 QUESTIONS with 100% Solutions
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Tom works as a compliance officer at ABC bank. He is looking at the transactions of one of the 
bank's customers, Mr. Brown. Mr. Brown is the owner of a check cashing company which 
performs only check cashing services. Over the last six months, Mr. Brown has not made 
withdrawals of cash against check deposits. He also deposited two checks for US$2,000 each 
that were issued by a casino. When checking the KYC file, Tom sees that, when opening the 
account, Mr. Brown had requested detailed info...
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ACAMS Actual Exam with QUESTIONS Solved 100% Correct
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How does the scope of the European Union's Third Money Laundering Directive differ from the 
Second Money Laundering Directive? - Ans It specifically includes the category of trust and 
company service providers, • It covers all dealers trading in goods who trade in cash over 
15,000 Euros, and The definition of financial institution includes certain insurance 
intermediaries. 
What is money laundering? - Ans Money laundering is the taking of criminal proceeds and 
disguising their illegal so...
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ACAMS Exam Guide with QUESTIONS and !00% Solutions
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Define a red flag. - Ans A warning signal that should bring attention to a potentially suspicious 
situation, transaction or activity. 
Define willful blindness. - Ans A legal principle that operates in money laundering cases in the 
U.S. and is defined by courts as the "deliberate avoidance of knowledge of the facts" or 
purposeful indifference. Courts have held that willful blindness is the equivalent of actual 
knowledge of the illegal source of funds or the intentions of a customer in a mo...
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ACAMS Exam with Questions Solved 100% Correct
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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 - Ans A. Purchasing structured money 
settlements
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ACAMS Exam 2 2024 with Questions Solved 100% Correct
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Identify the 3 important tasks that FATF focuses on - Ans 1. Spreading the anti-money 
laundering message worldwide 
2. Monitoring implementation of the FATF Recommendations among FATF members 
3. Reviewing ML trends and counters asures 
According to the FATF 40 Recommendations, the complete set of countermeasures against ML 
and TF cover what 5 elements? - Ans 1. Identification of risks and development of appropriate 
policies 
2. Criminal justice system and law enforcement 
3. The financial sy...
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ACAMS Exam with QUESTIONS and 100% Solutions
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. 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. - Ans A