ACAMS practice exam Questions and

ACAMS practice exam  Questions and Verified Answers, 100% Guarantee Pass (Latest 2025) Which of the following is the most common method of laundering money through a legal money services business?

• exchanging currency and remitting money
• smuggling bulk cash
• transferring funds through payable through accounts

(PTAs)

• exchanging Colombian pesos on the black market -

Correct Answers ✅a. exchanging currency and remitting money In general, the three phases of money launder are said to be

placement and:

• structuring and manipulation
• layering and integration
• layering and smurfing
• integration and infiltration - Correct Answers ✅b.

layering and integration Which statement is true?

• Systemic weaknesses in free trade zones include

inadequate AML/CFT safeguards, minimal oversight by local authorities and weak procedures to inspect goods.

• Cuckoo smurfing is a significant money laundering

technique identified by the Financial Action Task Force, 1 / 4

ACAMS practice exam  Questions and Verified Answers, 100% Guarantee Pass (Latest 2025) wherein 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. Systemic weaknesses in free trade zones include inadequate AML/CFT safeguards, minimal oversight by local authorities and weak procedures to inspect goods.Which three of the following is an indication of possible money laundering in an insurance industry scenario?

• 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

• policy holders 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 2 / 4

ACAMS practice exam  Questions and Verified Answers, 100% Guarantee Pass (Latest 2025)

• policy holders 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

Columbian pesos

• converting illicit drug proceeds from Colombian pesos to

dollar or euros

• facilitating purchases by Colombian importers of goods

manufactured in the united states or Europe through peso brokers

• facilitating purchase by European or U.S. importers of

goods manufactured in Colombia through peso brokers - Correct Answers ✅a. converting illicit drug proceeds from dollars or euros to Columbian pesos

• facilitating purchases by Colombian importers of goods

manufactured in the united states or Europe through peso brokers 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 the other financial institutions can 3 / 4

ACAMS practice exam  Questions and Verified Answers, 100% Guarantee Pass (Latest 2025) share information about these customer with 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

the greatest risk for money laundering is for casinos that :

• provide their customer with a wide array of gambling

services

• operate in a non-Egmont member country
• allow customers with credit balances to withdraw funds by

check in another jurisdiction

• only send suspicious transaction reports to the financial

intelligence unit of the country it operates in - Correct

• / 4