Question 1
What is the primary purpose of transaction monitoring in a financial institution?
Correct Answer:
To detect unusual or potentially suspicious activity that may indicate money laundering or other financial crime
Question 2
Which U.S. statute is the foundational anti-money laundering law that established recordkeeping and reporting requirements for financial institutions?
Correct Answer:
Bank Secrecy Act of 1970
Question 3
Which form is filed with FinCEN to report cash transactions exceeding $10,000 in a single business day?
Correct Answer:
FinCEN Form 112 (CTR)
Question 4
A Suspicious Activity Report (SAR) for a U.S. depository institution must generally be filed within how many days of detection of facts that may constitute a basis for filing?
Correct Answer:
30 days
Question 5
What are the three classic stages of money laundering?
Correct Answer:
Placement, layering, integration
Question 1
Exam overview

About this Exam

Prepare with the CTMA Practice Questions - ACAMS Certified Transaction Monitoring Associate Exam practice quiz. This question bank includes 100 questions covering transaction, customer, monitoring, typically, and financial. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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CTMA Practice Questions - ACAMS Certified Transaction Monitoring Associate Exam

This practice set contains 100 questions from the matching question bank and focuses on transaction, customer, monitoring, typically, and financial. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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