ACAMS STUDY GUIDE PRACTICE QUESTIONS WITH CORRECT DETAILED ANSWERS 2025/2026

Which of the following is the most common method of laundering money through a
legal money services business?
A. Exchanging currency and remitting money
B. Smuggling bulk cash
C. Transferring funds through payable through accounts (PTAs)
D. Exchanging Colombian pesos on the black market - ANSWER- a
In general, the three phases of money laundering are said to be: placement and
A. structuring and manipulation.
B. layering and integration.
C. layering and smurfing.
D. integration and infiltration. - ANSWER- b
Which statement is true?
A. Systemic weaknesses in free trade zones include inadequate AML/CFT safeguards,
minimal
oversight by local authorities and weak procedures to inspect goods.
B. Cuckoo smurfing is a significant money laundering technique identified by the
Financial Action
Task Force, wherein a form of structuring uses nested accounts with shell banks in
secrecy havens.
C. In its 40 Recommendations, the FATF issued a list of designated categories of offense
that asserts
crimes for a money laundering prosecution.
D. 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. - ANSWER- a
Which three of the following is an indication of possible money laundering in an
insurance industry scenario?
A. Insurance products sold through intermediaries, agents or brokers
B. Single-premium insurance bonds, redeemed at a discount
C. Policyholders who are unconcerned about penalties for early cancellation
D. Policyholders who redeem the policy within the free look period - ANSWER- b, c, d