ACAMS PRACTICE TEST EXAM QUESTIONS WITH CORRECT ANSWERS 2025/2026

Which of the following is the most common method of laundering money through a
legal money services business? - ANSWER- Purchasing structured money instruments
In general, the 3 phases of money laundering are said to be: Placement; - ANSWERLayering and integration
Which statement is true? - ANSWER- Bust-out schemes are popular in creating large
bankruptcy frauds where businesses secure increasing loans in excess of the actual value
of the company or property and then run with the money. Leaving the lender to
foreclose and take a substantial loss
Which 3 of the following is an indication of possible money laundering in an insurance
industry scenario? - ANSWER- -Single-premium insurance bonds, redeemed at a
discount
-Policyholders who are unconcerned about penalties for early cancellation
-Policyholders who make full use of the "free look" period
Which 2 activities are typically associated with the black market peso exchange (BMPE)
money laundering system? - ANSWER- -Converting illicit drug proceeds from dollars or
Euros to Colombian pesos
-Facilitating purchases by Colombian importers of goods manufactured in the United
States or Europe through peso brokers
What is the Right of Reciprocity in the field of in the field of international cooperation
against money laundering? - ANSWER- 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
The greatest risk for money laundering is for casinos that - ANSWER- Allow customers
with credit balances to withdraw funds by check in another jurisdiction
Which statement is true regarding the risk of Politically Exposed Persons (PEPs)? -
ANSWER- PEPs have significantly greater exposure to the politically corrupt funds,
including accepting bribes or misappropriating government funds
Dirty money, derived from criminal activities of Belgian Criminal A, is sent to a foreign
bank account of Corporation B. Then in Belgium, a new investment Company C is
incorporated. Criminal A is appointed as a director of Company C. Company C borrows
money from the foreign Company B and buys real estate in Belgium. The real estate is
rented to third parties. Director (Criminal) A also rents an apartment in the building