ACAMS Practice Exam 6th Ed. Questions

ACAMS Practice Exam 6th Ed. Questions with Complete Solutions (Latest 2025)

• What is the Right of Reciprocity in the field of international

cooperation against money laundering?

• The legal principle that financial institutions that have

referred customers to other financial institutions can share information about these customers with the other institutions.

• 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.

• 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.

• 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.. - Correct Answers ✅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.

• Which of the following is the most common method of

laundering money through a legal money services business?

• Purchasing structured money instruments. 1 / 4

ACAMS Practice Exam 6th Ed. Questions with Complete Solutions (Latest 2025)

• Smuggling bulk-cash.
• Transferring funds through Payable Through Accounts

(PTAs).

• Exchanging Colombian pesos on the black market. -

Correct Answers ✅A. Purchasing structured money instruments.

• In general, the three phases of money laundering are said

to be: Placement:

• Structuring and manipulation.
• Layering and integration.
• Layering and smurfing.
• Integration and infiltration. - Correct Answers ✅B.

Layering and integration.

• Which statement is true? 2 / 4

ACAMS Practice Exam 6th Ed. Questions with Complete Solutions (Latest 2025)

• 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.

• 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.

• In its 40 Recommendations, the FATF issued a list of

"designated categories of offense" that asserts crimes for a money laundering prosecution.

• 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. - Correct Answers ✅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.

• Which three of the following is an indication of possible

money laundering in an insurance industry scenario? 3 / 4

ACAMS Practice Exam 6th Ed. Questions with Complete Solutions (Latest 2025)

• Insurance products sold through intermediaries, agents or

brokers.

• Single-premium insurance bonds, redeemed at a discount.
• Policyholders who are unconcerned about penalties for

early cancellation.

• Policyholders who redeem the policy within the "free look"

period. - Correct Answers ✅B. Single-premium insurance bonds, redeemed at a discount.

• Policyholders who are unconcerned about penalties for

early cancellation.

• 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?

• Converting illicit drug proceeds from dollars or Euros to

Colombian pesos.

• / 4