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Acams CKYCA Exam Questions
- Topic 1: Customer Verification and Identification: This section of the exam measures the skills of Compliance Officers and covers the foundational processes of identifying and verifying customer identities. It involves assessing required information based on customer type, completing verification procedures, evaluating account purpose with attention to shell companies and tax compliance, identifying ultimate beneficial ownership, and reviewing existing customer information based on account activity patterns and changes.
- Topic 2: Customer Risk Rating: This section of the exam measures the skills of Risk Analysts and focuses on evaluating customer risk levels. It includes assessing risk based on core categories including customer profile, product type, country risk, and distribution channels. The domain covers recognizing key red flags for financial crimes, analyzing risk associated with assets under management, and evaluating risk scores against organizational risk appetite and escalation protocols.
- Topic 3: Customer Screening: This section of the exam measures the skills of Screening Specialists and encompasses the procedures for screening customers against various watchlists. It involves conducting sanctions compliance checks, exploring primary and secondary sources for customer information including adverse media, and assessing the reliability of gathered information. A key component is distinguishing between material and immaterial hits from sanctions screening and transaction monitoring systems.
- Topic 4: Enhanced Due Diligence: This section of the exam measures the skills of Due Diligence Analysts and covers advanced investigation procedures for higher-risk customers. It involves identifying and documenting sources of wealth, examining complex ownership structures to determine ultimate beneficial ownership, and making evidence-based recommendations regarding customer retention or termination. The section also includes performing detailed account activity reviews and determining when to escalate for additional enhanced due diligence.
- Topic 5: Customer Profile Documentation and Presentation: This section of the exam measures the skills of Compliance Documentation Specialists and focuses on the proper recording and presentation of customer information. It includes applying data privacy requirements, understanding the ramifications of data errors, creating objectively crafted customer profiles, maintaining proper audit trails, and reviewing and updating customer profiles based on periodic reviews or triggering events.
Free Acams CKYCA Exam Actual Questions
Note: Premium Questions for CKYCA were last updated On Jun. 07, 2026 (see below)
An alert is generated by a negative media search system that an existing client is accused of money laundering and is arrested. A KYC analyst assigned to investigate finds no records of a court order or subpoen
a. Which is the next action the analyst should take?
An arrest for alleged money laundering is a serious adverse media finding that must be escalated to the compliance officer for further assessment and potential action, regardless of whether there is a conviction.
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?
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.
As part of the source of wealth investigation of a high-net-worth individual, the compliance department at a private bank is tasked with obtaining documentary evidence pertaining to a family trust, through which the client's assets are controlled. KYC identification efforts should primarily include the:
The trust deed is the primary legal document that establishes the trust and identifies the trustees, settlors, and beneficiaries, making it essential for verifying the structure, control, and legitimacy of the client's assets.
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:
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.
Which customer type represents the highest risk of money laundering to a financial institution?
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.
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