ACAMS Practice Questions with Complete Solutions (Latest 2025)
The USA PATRIOT Act was passed in:
A) 1970
B) 1985
C) 2001
- 2007 - Correct Answers ✅C
The three stages of money laundering are:
- Layering, Placement, Refining
- Placement, Refining, Integration
- Refining. Integration, Layering
- Integration, Layering, Placement - Correct Answers ✅D
Which of the following would be satisfactory elements of an Anti-Money Laundering Program? 1 / 4
ACAMS Practice Questions with Complete Solutions (Latest 2025) I - A CAMS certified employee in the Investigations Unit writes up a few policies and procedures and posts them on the department bulletin board.II - Shortly after attaining their CAMS certification, the individual provides AML training to the Investigations Unit.III - The CAMS certified individual routinely reviews the work of the Investigations Unit.IV - The CAMS certified individual assumes the responsibility of a compliance watchdog.
- All of the above would be satisfactory
- II and IV would be satisfactory
- I and III would be satisfactory
- None of the above would be satisfactory 2 / 4
ACAMS Practice Questions with Complete Solutions (Latest 2025) The correct answer would be "D - None of the above would be satisfactory." I - The AML program must be approved by the Board of Directors. 3 / 4
ACAMS Practice Questions with Complete Solutions (Latest 2025) II - An AML training program is required of all personnel (and contrac - Correct Answers ✅D In determining what risks a customer poses, which consideration should NOT be a major factor?
- Where the customer resides or where the business is
- What is the size of your financial institution.
- What occupation or type of business does the customer
- What are the customer's ethnic heritage, sexual
- / 4
headquartered.
derive their income from.
orientation and political beliefs.