ACAMS Association of Certified Anti Money Laundering - CKYCA Free Exam Questions

A. Refuse to establish a business relationship with the client.

B. Dismiss the finding as immaterial.

C. Escalate the matter to the compliance team.

D. Ask the director for an explanation.

A. Identification from another financial institution.

B. Identification from a registry of secretary of state.

C. Identification from a college.

D. Identification from a utility company.

E. Identification from securities and exchange commission. (SEC)

A. Proceeds of Terrorism Act

B. Proceeds of Crime Act

C. The Money Laundering and Terrorist Financing (Amendment) Regulation 2019

D. UK AML Sanctions Regime

A. detects all possible sanctions risk exposure.

B. helps identify customers that are politically exposed persons.

C. always leads to a suspicious activity report.

D. helps to identify a potential match to a sanctioned party or location.

A. standards, processes, and structures that provide the basis for carrying out internal control across the organization.

B. standards, processes, and structures that provide the basis for carrying out external control across the organization.

C. risk standards, processes, and structures that provide the basis for carrying out internal control across the organization.

A. If lower risk of easy to assess.

B. Financial Institutions use EDD only when the product trigger event.

C. Financial Institutions use EDD only when the geographical trigger event.

D. if higher risk or difficult to assess.