Dec 28, 2023 PASS ACAMS CKYCA EXAM WITH UPDATED DUMPS
CKYCA Questions PDF [2023] Use Valid New dump to Clear Exam
The Association of Certified Anti-Money Laundering Specialists (ACAMS) Certified Know Your Customer Analyst (CKYCA) certification exam is a well-regarded certification program designed to recognize professionals who have expertise in the area of anti-money laundering (AML) and Know Your Customer (KYC) compliance. The CKYCA certification exam is an internationally recognized credential that is regarded as a standard for AML and KYC professionals throughout the world.
ACAMS CKYCA Exam covers a wide range of topics, including money laundering and terrorist financing typologies, risk assessment methodologies, customer due diligence and enhanced due diligence, transaction monitoring, and regulatory compliance. Association of Certified Anti Money Laundering certification is suitable for professionals in various roles, including compliance officers, risk managers, investigators, and auditors. The ACAMS CKYCA Exam is widely recognized by financial institutions, regulatory bodies, and law enforcement agencies globally, making it a valuable credential for individuals seeking to advance their careers in the anti-money laundering and financial crime prevention fields.
NEW QUESTION # 21
Which documents rates countries based on their money laundering controls and corruption? (SELECT 2)
- A. US State Department's annual International Narcotics Control Strategy Report
- B. United Nations report on Money Laundering Controls
- C. Financial Action Task Forces red flags related to jurisdiction risk
- D. Transparency International's Corruption Perceptions Index
- E. Transparency International's Corruption Perceptions Index
Answer: A,E
NEW QUESTION # 22
A person disclosing to any other person, information or any other matter, which is likely to prejudice a money laundering investigation is known to be?
- A. Tipping off
- B. Ripping off
- C. Dipping off
- D. Dripping off
Answer: A
NEW QUESTION # 23
Are Immediate family members, relatives, and close associates of PEPS classified as PEPS?
- A. Perhaps.
- B. Yes.
- C. No.
Answer: A
NEW QUESTION # 24
The first step in the CDD of a legal person is to?
- A. Find out what the account will be used for, and the level of activity your organization should expect to see.
- B. Understand the ownership structure and to track back to the ultimate beneficial owners and controllers.
- C. Discover the type of business your customer undertakes.
Answer: B
NEW QUESTION # 25
If an organization suspects that a customer is laundering money, or committing other types of financial crime, it has a duty to report it to the authorities? (TRUE OR FALSE)
- A. True.
- B. False
Answer: A
NEW QUESTION # 26
What is the advantage of Bearer Shares? (SELECT 3)
- A. They are an excellent, quick effective way to set up a business in Delaware, Nevada, and Wyoming
- B. They are a more affordable way of setting up a business in certain countries in the Caribbean.
- C. They can be held under agreement by professionals as another layer of secrecy.
- D. Tax haven countries and their strict secrecy laws can further conceal the true ownership.
- E. They can't be traced to a central registry because whoever carries them is the purported owner.
Answer: C,D,E
NEW QUESTION # 27
Non-documentary verification is checking the information the customer provides against? (SELECT 3)
- A. Credit reports.
- B. Proprietary databases.
- C. Public records.
- D. Audited Statements.
- E. Email confirmation.
Answer: A,B,C
NEW QUESTION # 28
The overall customer risk rating is usually derived as a composite of the following four categories of risk in money laundering prevention.
What are the those four?
- A. Client, Jurisdiction, Selected Products, and Channel.
- B. Customer, Jurisdiction, Product, and Channel.
- C. Customer, Jurisdiction, Product, and Sub-Channel.
- D. Client, Jurisdiction, Product, and Sub-Channel.
Answer: B
NEW QUESTION # 29
Most Organizations Use the three risk classifications for customers.
What are they? (SELECT 3)
- A. High.
- B. Medium.
- C. Moderate.
- D. Low.
- E. Very High.
- F. EDD-High.
Answer: A,B,D
NEW QUESTION # 30
What of the following countries are considered Tax Havens? (SELECT 2)
- A. British Virgin Islands.
- B. United States Virgin Islands.
- C. Barbados.
- D. Cayman Islands.
Answer: A,D
NEW QUESTION # 31
A hospitality worker brings deposits items that appear to be made from a cash intensive business. Is this a red flag?
- A. No, the customer profile for the hospitality worker fits their occupation.
- B. Yes, anyone who brings that type of currency is likely involved to have received it from illegal means.
- C. It depends on the location, business, and feeling of the employee accepting the deposit.
Answer: A
NEW QUESTION # 32
What is a regional risk (SELECT 3)
- A. High Intensity Financial Crime Areas (HIFCA)
- B. Lax Immigration Controls.
- C. Free Trade Zones.
- D. Port Cities.
- E. Global Financial Centers
Answer: A,C,D
NEW QUESTION # 33
What are key risks in Financial Crime Prevention Control? (SELECT 3)
- A. Reputational.
- B. Regulatory.
- C. Insurance.
- D. Financial.
Answer: D
NEW QUESTION # 34
The KYC four step research is?
- A. Assess, Organize, Narrow, Present
- B. Assess, Organize, Explore, Present
- C. Assess, Organize, Explore, Past
- D. Assess, Operations, Explore, Present
Answer: B
NEW QUESTION # 35
For the second prong, the control prong, an organization must collect the identity of one person who exercises control over the company.
Which below are deemed acceptable? (SELECT 3)
- A. Chief Operating Officer.
- B. Chief Compliance Officer.
- C. Chief AML Officer.
- D. Managing Director.
- E. Chief Executive Officer.
Answer: A,D,E
NEW QUESTION # 36
Although you might find all the information you gathered throughout your research to be interesting, should include only relevant information in your final report?
- A. Yes.
- B. No
- C. Depends on the discretion of the analyst.
Answer: A
NEW QUESTION # 37
Control activities in financial crime prevention include? (SELECT 3)
- A. Incorrect Controls
- B. Detective Controls.
- C. Corrective controls.
- D. Premeditated Controls
- E. Preventative Controls.
Answer: C
NEW QUESTION # 38
What is the Primary legislation for Money Laundering in the United States?
- A. Bank Secrecy Act (1970)
- B. Money Laundering and Financial Crimes Strategy Act (1998)
- C. Money Laundering Control Act of 1986
- D. Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (USA PATRIOT Act)
- E. Anti-Drug Abuse Act of 1988
Answer: A
NEW QUESTION # 39
What risk increases with non-face-to-face business relationships or transactions, or when payments are sent to or received from unknown or unassociated third parties.
- A. Remittance Risk
- B. Financial Crime Risk.
- C. Channel Risk
- D. Operational Risk.
Answer: C
NEW QUESTION # 40
What is the Third Line of Defense? (TLOD)
- A. The ________ line of defense is internal audit. They perform an independent review of the controls applied by the lines of defense.
- B. The _______ line of defense is the compliance and internal control functions. That includes the chief money laundering reporting officer, or MLRO, in charge of managing and monitoring AML and CFT activities.
- C. The _______ line of defense is also known as the front line, these customer-facing employees are best-equipped to get the information you need for your customer due diligence. Can include Operations, risk, and control teams.
Answer: A
NEW QUESTION # 41
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ACAMS CKYCA (Association of Certified Anti Money Laundering) exam is a certification program designed to provide individuals with a comprehensive understanding of anti-money laundering (AML) principles, regulations, and best practices. This program is offered by the Association of Certified Anti-Money Laundering Specialists (ACAMS), a leading organization in the AML industry that provides training, certification, and networking opportunities for professionals.
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