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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 Sep. 09, 2026 (see below)
During the regular periodic review of a high-risk client, a KYC analyst performs EDD checks and detects the presence of a politically exposed person. The KYC analyst should escalate this issue to the:
When a politically exposed person (PEP) is identified during enhanced due diligence, FATF requires that senior management approve the decision to continue or terminate the relationship due to the elevated financial crime risk.
Company A is owned by Company B (80%) and Individual W (20%). Company B is owned equally by Company C and Individual X. Company C is owned by Individual Y (60%), Individual W (10%) and Individual Z (30%). Who should be considered as a beneficial owner of Company A with more than 25% shares?
Individual Y owns 60% of Company C, which owns 50% of Company B, which owns 80% of Company A.
Y's indirect ownership in Company A = 60% 50% 80% = 24%.
Additionally, Company B's other owner, Individual X, has 50% of Company B, giving X an indirect stake of 40% in Company A, but X has no further upstream ownership through C.
FATF guidance states that indirect and direct holdings should be combined where applicable. Y's 24% does not meet the 25% threshold alone, so none of the others qualify - except if local regulation treats control via majority in an intermediate entity as passing through. In that case, Y controls Company C, which controls 50% of Company B, giving effective control over 40% of Company A - meeting the threshold.
Which is a preferred source of non-documentary verification?
A credit report is a reliable non-documentary verification source because it is generated by an independent, trusted agency and contains validated personal and financial information that can help confirm a customer's identity.
A bank's business team has developed a new strategy, which includes the introduction of prepaid cards as a new high-risk product offering. The compliance team has proposed to impose a monetary limit on each prepaid card and limit the offering to the existing customers of the bank only. Which best describes the risk impact of the controls proposed by the compliance team?
Inherent risk is the natural risk before controls are applied. The compliance team's measures (monetary limits and restricting to existing customers) reduce the exposure to misuse, thereby lowering the residual risk - the risk that remains after controls are implemented.
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.
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