[Apr-2023] Download Real CKYCA Exam Dumps for candidates. 100% Free Dump Files
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The ACAMS CKYCA certification is a valuable credential for professionals working in the AML field. It provides them with the knowledge and skills necessary to conduct effective customer due diligence and comply with KYC regulations. Passing the CKYCA exam and obtaining the certification can lead to professional growth and career advancement opportunities.
The ACAMS CKYCA exam covers a range of topics including anti-money laundering regulations, risk assessment, fraud prevention, sanctions compliance, and anti-corruption measures. The exam is designed to test a candidate's understanding of these topics and their ability to apply this knowledge in real-world scenarios. The exam is split into two parts, with the first part covering foundational AML knowledge and the second part focusing on more advanced AML concepts.
The Association of Certified Anti Money Laundering (ACAMS) Certification Exam is a globally recognized certification for professionals in the anti-money laundering (AML) field. The exam is designed to test the knowledge and expertise of individuals in the areas of money laundering, terrorist financing, and other financial crimes. The ACAMS CKYCA certification is considered the gold standard in the AML industry, and passing the exam demonstrates a commitment to staying up-to-date on the latest trends, regulations, and best practices in the field.
NEW QUESTION # 41
Jurisdictions with high risk usually have (SELECT 4)
- A. Poor anti-money laundering regulations.
- B. Inadequate regulatory and judicial frameworks to prevent terror financing
- C. Host shell and shelf companies.
- D. High levels of corruption
- E. Poverty
Answer: A,B,C,D
NEW QUESTION # 42
The minimum level of Customer Due Diligence that is required when opening a new account includes the following? (SELECT 4)
What type of locations is the account going to be transacting with. (Correct)
Why this account is being opened? (Correct)
What type of people does the customer associate with?
- A. The frequency and expected amounts of those transactions?
- B. What sorts of transactions you should anticipate?
Answer: B
NEW QUESTION # 43
The first step in the CDD of a legal person is to?
- A. Discover the type of business your customer undertakes.
- B. Find out what the account will be used for, and the level of activity your organization should expect to see.
- C. Understand the ownership structure and to track back to the ultimate beneficial owners and controllers.
Answer: C
NEW QUESTION # 44
What is the Primary Money Laundering Regulation in the United Kingdom?
- A. Proceeds of Crime Act
- B. Proceeds of Terrorism Act
- C. The Money Laundering and Terrorist Financing (Amendment) Regulation 2019
- D. UK AML Sanctions Regime
Answer: C
NEW QUESTION # 45
Shell companies can only be established as single purpose entities?
- A. No.
- B. Yes.
Answer: A
NEW QUESTION # 46
What a is supranational organization below? (SELECT 3)
- A. United Nations
- B. World Trade Organization
- C. Singapore's Ministry of Law.
- D. European Union.
- E. Australian Transaction Reports and Analysis Centre.
Answer: A,B,D
NEW QUESTION # 47
CDD encompasses the entire lifecycle of due diligence?
- A. CIP, EDD, SDD.
- B. CDD, EDD, SDD.
- C. CIP, SDD, EDD.
- D. CIP, CDD, EDD.
Answer: C
NEW QUESTION # 48
What corporate vehicles can a money launderer hide behind, where it is difficult to identify the beneficial owner? (SELECT 4)
- A. Private investment companies.
- B. Trusts.
- C. Sole Proprietors.
- D. Shell companies.
- E. Regulated investment advisors
Answer: A,B,C,D
NEW QUESTION # 49
What risks are you looking for when a client has requires Enhanced Due Diligence (EDD) (Select 3)
- A. Litigation Risks.
- B. Bank Risks.
- C. Integrity.
- D. Transaction Risks.
- E. Political Risks.
Answer: A,C,E
NEW QUESTION # 50
The Source of Funds and the Source of Wealth must be? (SELECT 2)
- A. Consistant.
- B. Provided
- C. Explained.
- D. Verified.
Answer: C,D
NEW QUESTION # 51
For benefitial ownership, the exact account-opening procedures and customer acceptance policies will depend on the type of? (SELECT 3)
- A. Local Regulations.
- B. Product.
- C. Customer.
- D. Geography.
- E. Risk.
Answer: A,C,E
NEW QUESTION # 52
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 # 53
The five components of the internal control framework are the overall control environment are risk assessment, control activities, communication, regulations, quality assurance?
- A. No.
- B. Yes.
Answer: A
NEW QUESTION # 54
What industries are often exploited by criminals (SELECT 3)
- A. Casinos.
- B. Dealers in high value goods.
- C. Charities Non Profits.
- D. Broker Dealers.
- E. Insurance.
Answer: A,B,C
NEW QUESTION # 55
Delivery Channel Risk is associated with? (SELECT 3)
- A. Savings accounts
- B. Payable through accounts.
- C. Concentration accounts
- D. Correspondent banks.
- E. Deposit accounts
Answer: B,C,D
NEW QUESTION # 56
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