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100% Pass Quiz 2026 CKYCA: Association of Certified Anti Money Laundering–Efficient Question Explanations

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The Association of Certified Anti Money Laundering (ACAMS) Certification Exam is a globally recognized certification for professionals in the financial crime prevention industry. Association of Certified Anti Money Laundering certification is designed to demonstrate an individual's knowledge and expertise in anti-money laundering (AML) and countering the financing of terrorism (CFT) regulations and practices. The ACAMS CKYCA Certification is highly respected in the industry and is recognized by financial institutions, government agencies, and other organizations around the world.

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ACAMS Association of Certified Anti Money Laundering Sample Questions (Q19-Q24):

NEW QUESTION # 19
A KYC analyst receives a notification that the Office of Foreign Assets Control (OFAC) has updated its sanctioned entity and individual list. The analyst reviews the list and identifies a current customer. Which step should the analyst take first?

A. Contact the customer to request clarification
B. Report the issue to the Money Laundering Reporting Officer.
C. Form a sanctions committee to develop standard processes and procedures
D. Freeze the customer's account and assets.

Answer: D

Explanation:
When a customer is identified as a sanctioned party, the immediate required action is to freeze the customer's account and assets in accordance with sanctions regulations, preventing any transactions before notifying the relevant authorities.

NEW QUESTION # 20
What is the Primary legislation for Money Laundering in the United States?

A. Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (USA PATRIOT Act)
B. Bank Secrecy Act (1970)
C. Money Laundering and Financial Crimes Strategy Act (1998)
D. Anti-Drug Abuse Act of 1988
E. Money Laundering Control Act of 1986

Answer: B

NEW QUESTION # 21
According to a reputable financial news source, a client is being taken over by one of its competitors. The public registry has not yet reflected the ownership change. Which step should the KYC analyst take?

A. Put the KYC refresh on hold and wait for the public sources to be updated.
B. Obtain legal documents from the client corroborating its current ownership structure.
C. Follow the reputable financial news source and update the client's profile.
D. Do not change the ownership information in the profile until it is updated in the public registry.

Answer: B

Explanation:
Until the ownership change is officially recorded in a public registry, the KYC analyst should obtain legal documents directly from the client to verify the current ownership structure and maintain accurate CDD records.

NEW QUESTION # 22
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. Report a suspicious transaction with respect to wiring money to a high-risk country.
C. Review the account activity with respect to the transaction profile of the customer.
D. Review the business activities and update where necessary.

Answer: C

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 # 23
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. Depends on the discretion of the analyst.
B. Yes.
C. No

Answer: B

NEW QUESTION # 24
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Carl Gray Carl Gray

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