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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 Feb. 19, 2026 (see below)
A longstanding client asks to open two additional accounts, one for a trust and one for private equity investments. The trust account will be funded with dividends stemming from the investments as well as a one-off transfer from one of the client's existing accounts. As a first step, a KYC analyst should properly document the:
When opening an account for a trust, the first step in KYC is to identify and document the trust's beneficiaries, along with other key parties such as the settlor and trustees, to establish transparency over the ultimate beneficial ownership.
Which risk assessment factor is most essential for a customer risk evaluation?
The customer's country or jurisdiction of establishment is a key risk assessment factor because it determines the applicable legal framework, AML/CFT risk level, and potential exposure to high-risk or sanctioned regions.
A politically exposed person (PEP) is eager to open a private account with an international bank. In addition to performing the normal CDD, which measure should be required from the AML officer?
FATF requires that before establishing a business relationship with a PEP, financial institutions must obtain senior management approval, along with applying enhanced due diligence measures such as verifying the source of wealth and funds.
A KYC analyst suspects a transaction is related to a sanctioned individual. How should the analyst respond?
Any suspicion of a link to a sanctioned individual must be reported immediately through the institution's defined sanctions compliance procedures to ensure legal and regulatory obligations are met without tipping off the customer.
An Iranian customer is incorrectly recorded in the system as being from Ireland. As a result of this error, the customer will be:
Misrecording the customer's country as a low-risk jurisdiction like Ireland instead of a high-risk sanctioned jurisdiction like Iran would result in the system assigning fewer risk points, underestimating the customer's true risk level.
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