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Question 1
A financial institution's risk assessment identifies that it facilitates a high volume of international trade finance for a variety of goods. Which money laundering method should be of PRIMARY concern when developing risk mitigation strategies for this line of business?
Correct Answer:
Trade-Based Money Laundering (TBML).
Question 2
An AML analyst is reviewing a customer's account and notes a pattern of frequent cash deposits in different branches, all just under the $10,000 reporting threshold. This activity is immediately followed by wire transfers to a high-risk jurisdiction. This pattern is a classic red flag for which of the following?
Correct Answer:
Structuring.
Question 3
Which of the following customer profiles presents the highest inherent AML risk and would most likely require Enhanced Due diligence (EDD)?
Correct Answer:
A foreign politically exposed person (PEP) seeking to open a private banking account.
Question 4
A key difference between money laundering and terrorist financing is that terrorist financing:
Correct Answer:
Can involve funds from legitimate sources, such as donations.
Question 5
A compliance officer at a bank is reviewing a new corporate account application for 'ABC Trading Ltd.' The company lists a registered agent's address, has nominee directors, and its stated business purpose is 'general international trade.' Financial projections show anticipated high-volume wire transfers to and from various offshore jurisdictions with no clear business rationale. These characteristics are strong indicators of a potential:
Correct Answer:
Shell company.
Question 1
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About this Exam

Prepare with the ACAMS CAMS Certification Exam practice quiz. This question bank includes 100 questions covering bank, customer, risk, financial, and institution. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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ACAMS CAMS Certification Exam

This practice set contains 100 questions from the matching question bank and focuses on bank, customer, risk, financial, and institution. 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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