[Nov 17, 2025] Get New CKYCA Certification Practice Test Questions Exam Dumps
Real CKYCA Exam Dumps Questions Valid CKYCA Dumps PDF
The CKYCA certification is highly regarded in the AML industry and is recognized by global financial institutions, regulators, and law enforcement agencies. It provides professionals with the knowledge and skills necessary to effectively identify and prevent money laundering activities, which is critical in maintaining the integrity of the financial system. Association of Certified Anti Money Laundering certification also demonstrates a commitment to professional development and career advancement in the AML industry.
The ACAMS CKYCA examination is comprehensive, and it covers a wide range of topics, including the regulatory environment, customer due diligence, transaction monitoring, investigation practices, and sanctions compliance. The ACAMS CKYCA exam focuses on scenarios that are frequently faced by AML compliance professionals, and it requires candidates to apply their knowledge in real-life situations. CKYCA exam is a mixture of multiple-choice and scenario-based questions to ensure that professionals have a complete understanding of the subject matter.
NEW QUESTION # 52
Delivery Channel Risk is associated with? (SELECT 3)
- A. Payable through accounts.
- B. Concentration accounts
- C. Savings accounts
- D. Deposit accounts
- E. Correspondent banks.
Answer: A,B,E
NEW QUESTION # 53
What Boolean operator words can be used in for searching in EDD? (SELECT 2)
- A. AND.
- B. PLUS.
- C. OR.
- D. EQUAL.
Answer: A,C
NEW QUESTION # 54
Once a banking KYC analyst applies CDD onboarding procedures and builds a customer risk profile, ongoing monitoring needs to be implemented for the primary purpose of:
- A. complying with bank's internal policies and procedures.
- B. fulfilling senior management's obligations.
- C. understanding the nature and purpose of the customer relationship.
- D. identifying and reporting suspicious transactions.
Answer: D
Explanation:
The primary purpose of ongoing monitoring after CDD is to detect unusual or suspicious activity that may indicate money laundering, terrorism financing, or other illicit behavior, so it can be reported promptly to the relevant authorities.
NEW QUESTION # 55
Which is the best technique to effectively document a customer profile?
- A. Document customer information in a standardized way that is defined by the customer's jurisdiction
- B. Have the profile start with a picture of the customer followed by key numbers, such as expected turnover.
- C. Record customer information using abbreviations, explain adjectives, and provide a narrative to follow.
- D. Avoid adjectives and exaggerations, put the information into context, and be precise and unambiguous
Answer: D
Explanation:
Effective customer profile documentation should be clear, precise, and free from subjective language. Providing context and avoiding ambiguity ensures the information is reliable, verifiable, and usable for risk assessment and compliance purposes.
NEW QUESTION # 56
A bank's business team has developed a new strategy, which includes the introduction of prepaid cards as a new high-risk product offering. The compliance team has proposed to impose a monetary limit on each prepaid card and limit the offering to the existing customers of the bank only. Which best describes the risk impact of the controls proposed by the compliance team?
- A. Residual risk will decrease.
- B. Residual risk will increase.
- C. Inherent risk will increase
- D. Inherent risk will decrease.
Answer: A
Explanation:
Inherent risk is the natural risk before controls are applied. The compliance team's measures (monetary limits and restricting to existing customers) reduce the exposure to misuse, thereby lowering the residual risk - the risk that remains after controls are implemented.
NEW QUESTION # 57
Who will review KYC files to determine whether you are complying with your jurisdiction's laws and regulations
- A. Regulators
- B. Compliance
- C. The KYC Analyst
- D. Law Enforcement
Answer: A
NEW QUESTION # 58
What is the Primary Money Laundering Regulation in the United Kingdom?
- A. Proceeds of Terrorism Act
- B. UK AML Sanctions Regime
- C. The Money Laundering and Terrorist Financing (Amendment) Regulation 2019
- D. Proceeds of Crime Act
Answer: C
NEW QUESTION # 59
Which factor would be a reason for concern when corroborating the source of wealth of an individual client?
- A. The client's online career profile does not mention their significant property investments.
- B. The client amends their narrative as they are unable to provide supplementary information.
- C. The client has no online presence, despite significant wealth.
- D. The client is unable to provide bank statements relating to a redundancy pay-out 15 years ago.
Answer: B
Explanation:
Inconsistent or changing explanations from a client when asked for supplementary information about their wealth can indicate potential misrepresentation or concealment, making it a key red flag during source of wealth verification.
NEW QUESTION # 60
The owner of a local flower shop makes cash deposits on a regular basis to the shop's business account. Following the deposits, the owner wires the money to a high-risk country. Which action should a KYC analyst perform when conducting the periodic CDD review?
- A. End the business relationship due to wiring money to a high-risk country.
- B. Review the account activity with respect to the transaction profile of the customer.
- C. Report a suspicious transaction with respect to wiring money to a high-risk country.
- D. Review the business activities and update where necessary.
Answer: B
Explanation:
During a periodic CDD review, the analyst should assess whether the account activity, including cash deposits and transfers to high-risk countries, aligns with the customer's stated transaction profile. This step determines if further escalation or reporting is necessary.
NEW QUESTION # 61
An Ultimate Beneficial Owner (UBO) with a control prong is an individual with:
- A. direct and indirect ownership greater than a certain percent value but who lacks management and operational control.
- B. indirect ownership greater than a certain percent value.
- C. direct ownership greater than a certain percent value.
- D. direct and indirect ownership less than a certain percent value who exercises management and operational control.
Answer: D
Explanation:
Under the control prong, a UBO is identified as an individual who may not meet the ownership threshold but still exercises significant management or operational control over the entity, thereby having effective influence over its activities.
NEW QUESTION # 62
What of the following countries are considered Tax Havens? (SELECT 2)
- A. United States Virgin Islands.
- B. Cayman Islands.
- C. British Virgin Islands.
- D. Barbados.
Answer: B,C
NEW QUESTION # 63
KYC does not end after on-boarding a customer. (TRUE OR FALSE)
- A. False.
- B. True.
Answer: B
NEW QUESTION # 64
What industries are often exploited by criminals (SELECT 3)
- A. Charities Non Profits.
- B. Dealers in high value goods.
- C. Casinos.
- D. Insurance.
- E. Broker Dealers.
Answer: A,B,C
NEW QUESTION # 65
A KYC analyst notices frequent use of letters of credit as a method of trade finance. It further appears that trades covered by letters of credit are not consistent with the customer's usual business. What should be the next action taken by the KYC analyst?
- A. Refer internally for a potential suspicious transaction report
- B. Establish internally the existence of a criminal violation.
- C. Notify the Board of Directors and obtain the Board's approval for filing a STR.
- D. Prepare to close the customer's account.
Answer: A
Explanation:
Unusual trade finance activity, such as letters of credit inconsistent with the customer's normal business, is a potential red flag for trade-based money laundering. The appropriate step is to make an internal referral for review and possible filing of a suspicious transaction report (STR).
NEW QUESTION # 66
What is the purpose of having controls to Know Your Customer, also known as KYC?
- A. Manage the compliance risk of your organization.
- B. Manage the compliance risk of your customer.
- C. Manage the financial crime risk to your customer.
- D. Manage the financial crime risk to your organization.
Answer: D
NEW QUESTION # 67
Which is a preferred source of non-documentary verification?
- A. Credit report
- B. Driver's license
- C. University student identification
- D. Employer records
Answer: A
Explanation:
A credit report is a reliable non-documentary verification source because it is generated by an independent, trusted agency and contains validated personal and financial information that can help confirm a customer's identity.
NEW QUESTION # 68
What is the overall purpose of KYC?
- A. To manage the risk posed by Money Laundering.
- B. To manage the risk posed by Terrorist Financing
- C. To manage the risk posed by financial services industry.
- D. To manage the risk posed by customers.
Answer: D
NEW QUESTION # 69
What is the advantage of Bearer Shares? (SELECT 3)
- A. They are a more affordable way of setting up a business in certain countries in the Caribbean.
- B. Tax haven countries and their strict secrecy laws can further conceal the true ownership.
- C. They are an excellent, quick effective way to set up a business in Delaware, Nevada, and Wyoming
- D. They can be held under agreement by professionals as another layer of secrecy.
- E. They can't be traced to a central registry because whoever carries them is the purported owner.
Answer: B,D,E
NEW QUESTION # 70
The ownership of a legal person is often described as having two prongs. The first one is the beneficial owner, this is the natural or legal person who owns the entity and who benefits from its activities. The second one is called?
- A. KYC Prong.
- B. Controlling Prong.
- C. Control Party Prong.
- D. Control Prong.
Answer: D
NEW QUESTION # 71
Most Organizations Use the three risk classifications for customers.
What are they? (SELECT 3)
- A. Moderate.
- B. Low.
- C. Medium.
- D. High.
- E. EDD-High.
- F. Very High.
Answer: B,C,D
NEW QUESTION # 72
What is the Primary European Union Money Laundering regulation?
- A. 5th Anti-Money Laundering Act.
- B. 4th Anti-Money Laundering Act.
- C. 3rd Anti-Money Laundering Directive
- D. 2nd Anti-Money Laundering Directive.
- E. 5th Anti-Money Laundering Directive.
Answer: E
NEW QUESTION # 73
A hospitality worker brings deposits items that appear to be made from a cash intensive business. Is this a red flag?
- A. Yes, anyone who brings that type of currency is likely involved to have received it from illegal means.
- B. No, the customer profile for the hospitality worker fits their occupation.
- C. It depends on the location, business, and feeling of the employee accepting the deposit.
Answer: B
NEW QUESTION # 74
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