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Acams CKYCA Exam - Topic 1 Question 11 Discussion

Which customer type represents the highest risk of money laundering to a financial institution?
A) Payment service provider
B) Construction company
C) Accounting firm
D) Wholesale food distributor

Acams CKYCA Exam - Topic 1 Question 11 Discussion

Actual exam question for Acams's CKYCA exam
Question #: 11
Topic #: 1
[All CKYCA Questions]

Which customer type represents the highest risk of money laundering to a financial institution?

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Suggested Answer: A

Payment service providers pose higher money laundering risk because they handle high volumes of transactions, often across multiple jurisdictions, and may process funds on behalf of third parties, increasing the potential for illicit activity.


by Jackie at Apr 01, 2026, 04:08 AM

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Laine
4 days ago
True, but construction often involves large sums and less scrutiny.
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Glenna
10 days ago
But A) Payment service provider has a lot of anonymous transactions. That's risky too.
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Rutha
15 days ago
I agree, Alex. They can easily hide money flows.
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Stevie
20 days ago
I think B) Construction company is the highest risk. Lots of cash transactions.
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Edmond
25 days ago
I agree with A, but I wonder if B is close behind.
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Sabra
1 month ago
Surprised to see D) Wholesale food distributor not mentioned more.
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Kimbery
1 month ago
C) Accounting firm? Really? That seems off.
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Aleisha
3 months ago
I think B) Construction company is riskier. Lots of cash deals.
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Mari
3 months ago
Definitely A) Payment service provider. High volume transactions!
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Wai
4 months ago
I remember reading that wholesale food distributors can be involved in money laundering, but I’m not confident about which one is the highest risk.
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Cassie
4 months ago
I practiced a similar question, and I think accounting firms might have some risk, but I don’t recall the specifics.
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Tequila
4 months ago
I feel like payment service providers could be risky too, especially with all the online transactions. I need to double-check my notes on that.
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Joni
4 months ago
I think it might be the construction company, but I’m not entirely sure. I remember something about high cash transactions being a red flag.
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