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?

APayment service provider

BConstruction company

CAccounting firm

DWholesale food distributor

Show Suggested Answer

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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Aleisha

1 month ago

I think B) Construction company is riskier. Lots of cash deals.

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Mari

1 month ago

Definitely A) Payment service provider. High volume transactions!

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Wai

2 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

2 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

2 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

3 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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