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ACAMS PRACTICE EXAM 6TH ED. REAL QUESTIONS WITH CORRECT DETAILED ANSWERS 2026/2027
1. What is the Right of Reciprocity in the field of international cooperation against
money laundering?
A. The legal principle that financial institutions that have referred customers to other
financial institutions can share information about these customers with the other
institutions.
B. A rule of the Basel Committee allowing properly regulated financial institutes of
another member state of the Basel Committee to do business without additional
supervision to the degree that the other state grants the same right.
C. The right of each FATF member country to delegate prosecution of a case of money
laundering to another member that is investigating the same case.
D. A rule in the law of a country allowing its authorities to cooperate with authorities of
other countries to the degree that their law allows them to do the same.. - ANSWER- D.
A rule in the law of a country allowing its authorities to cooperate with authorities of
other countries to the degree that their law allows them to do the same.
1. Which of the following is the most common method of laundering money through a
legal money services business?
A. Purchasing structured money instruments.
B. Smuggling bulk-cash.
C. Transferring funds through Payable Through Accounts (PTAs).
D. Exchanging Colombian pesos on the black market. - ANSWER- A. Purchasing
structured money instruments.
1. In general, the three phases of money laundering are said to be: Placement:
A. Structuring and manipulation.
B. Layering and integration.
C. Layering and smurfing.
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