ACAMS Study Guide Practice Questions and

ACAMS Study Guide Practice 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 In general, the three phases of money laundering are said to

be: placement and

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

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 1 / 4

ACAMS Study Guide Practice Questions and Verified Answers, 100% Guarantee Pass (Latest 2025) Task Force, 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 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

• Policyholders who redeem the policy within the free look

period - Correct Answers ✅b, c, d 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 2 / 4

ACAMS Study Guide Practice Questions and Verified Answers, 100% Guarantee Pass (Latest 2025)

• Converting illicit drug proceeds from Colombian pesos to

dollars or euros

• Facilitating purchases by Colombian importers of goods

manufactured in the United States or Europe through peso brokers

• Facilitating purchases by European or U.S. importers of

goods manufactured in Colombia through peso brokers - Correct Answers ✅a & c 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 3 / 4

ACAMS Study Guide Practice Questions and Verified Answers, 100% Guarantee Pass (Latest 2025) The greatest risk for money laundering is for casinos that

• provide their customers 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 Answers ✅c Which statement is true regarding the risk of politically exposed persons (PEPs)?

• PEPs provide access to third parties on whom the financial

institution has not conducted sufficient due diligence.

• PEPs have significantly greater exposure to the politically

corrupt funds, including accepting bribes or misappropriating government funds.

• PEPs are foreign customers who inherently present

additional risk as they are engaged in crossborder transactions.

• PEPs generally do not pose enhanced risks to an institution

due to their political standing; rather, PEPs increase the prestige of an institution. - Correct Answers ✅b

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