CKYCA Dumps PDF 2026 Strategy Your Preparation Efficiently [Q69-Q83]

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CKYCA Dumps PDF 2026 Strategy Your Preparation Efficiently

Latest Verified & Correct ACAMS CKYCA Questions

The Association of Certified Anti Money Laundering (ACAMS) is an internationally recognized organization that specializes in training and certifying individuals in the field of anti-money laundering (AML) and financial crime prevention. The ACAMS Certified Know Your Customer Analyst (CKYCA) certification is one of the most prestigious AML certifications available, and is designed for professionals who are responsible for ensuring compliance with AML regulations and preventing financial crime within their organizations.

ACAMS CKYCA (Association of Certified Anti Money Laundering) Certification Exam is a globally recognized certification program that assesses an individual’s knowledge and competence in the field of anti-money laundering (AML) and counter-terrorism financing (CTF). Association of Certified Anti Money Laundering certification emphasizes the importance of maintaining high professional standards in preventing money laundering and terrorist financing, and is highly valued by employers in the financial industry.

QUESTION 69
During a routine CDD update in a financial institution, a junior member of the compliance department identifies that the spouse of the reviewed client was elected as a member of government. Which action should the junior member take?

Inform the relationship manager about the election of the client’s spouse

Make a note on the client’s account of this fact and continue operations as usual.

File a suspicious transaction report because the client did not notify the financial institution.

Update the client’s information to reflect that the client is related to a politically exposed person.

FATF guidelines require enhanced due diligence when a client becomes a Politically Exposed Person (PEP) or is related to one. Since the client’s spouse is now a government member, the client must be classified as related to a PEP, and the institution’s records must be updated accordingly.

QUESTION 70
Which factor would be a reason for concern when corroborating the source of wealth of an individual client?

The client amends their narrative as they are unable to provide supplementary information.

The client is unable to provide bank statements relating to a redundancy pay-out 15 years ago.

The client has no online presence, despite significant wealth.

The client’s online career profile does not mention their significant property investments.

Inconsistent or changing explanations from a client when asked for supplementary information about their wealth can indicate potential misrepresentation or concealment, making it a key red flag during source of wealth verification.

QUESTION 71
The first step in the CDD of a legal person is to?

Discover the type of business your customer undertakes.

Find out what the account will be used for, and the level of activity your organization should expect to see.

Understand the ownership structure and to track back to the ultimate beneficial owners and controllers.

QUESTION 72
For secondary forms of non-documentary verification. Is the act of someone from the institution ringing up the individual and confirming the verification sufficient?

Yes.

No.

Depends on the client.

QUESTION 73
Which is the most relevant risk factor for an individual client?

Country of residence

Country of employment

Country of birth

Country of citizenship

The country of residence is the most relevant risk factor because it determines the jurisdiction where the client primarily lives and conducts financial activities, directly impacting exposure to geographical money laundering or terrorism financing risks.

QUESTION 74
CDD encompasses the entire lifecycle of due diligence?

CDD, EDD, SDD.

CIP, EDD, SDD.

CIP, SDD, EDD.

CIP, CDD, EDD.

QUESTION 75
A compliance officer is tasked with building a financial institution’s annual risk assessment. Which data attributes should be used to understand inherent risk?

Customer types and products offered to customers

Number and types of audit examinations in a year performed by the regulator C Number of control-side function employees and business employees

Size of the financial institution and if it is publicly listed on an exchange

Inherent risk is the level of risk present before controls are applied and is influenced by factors such as the types of customers served and the products or services offered, both of which directly affect the institution’s exposure to financial crime risks.

QUESTION 76
A KYC analyst suspects a transaction is related to a sanctioned individual. How should the analyst respond?

Continue with the due diligence onboarding procedure, focusing on primary and secondary documentation.

Discuss the issue with the firm’s compliance officer as it is of low priority.

Reach out to the customer to confirm their sanctions status during the onboarding process, and after that, once a year.

Report the issue immediately according to the defined procedures.

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.

QUESTION 77
The minimum level of Customer Due Diligence that is required when opening a new account includes the following? (SELECT 4)
What type of locations is the account going to be transacting with. (Correct)
Why this account is being opened? (Correct)
What type of people does the customer associate with?

What sorts of transactions you should anticipate?

The frequency and expected amounts of those transactions?

QUESTION 78
A KYC analyst is onboarding a client based in a known offshore jurisdiction. Based on the client’s incorporation documentation and statement, the purpose of the company is to hold the shares of its subsidiary. Public records and registers indicate that the registered address is also used by multiple other legal entities. Which CDD step should the KYC analyst take?

Ask for the client’s utility bill confirming the registered address.

Perform EDD, as the client might be a shell company.

Follow the regular KYC requirements as per legal form of the client

Follow the KYC requirements for the holding companies

The combination of being in an offshore jurisdiction, having a registered address shared by many entities, and acting only as a holding company raises a high risk of the client being a shell company, requiring Enhanced Due Diligence (EDD).

QUESTION 79
What is the advantage of Bearer Shares? (SELECT 3)

Tax haven countries and their strict secrecy laws can further conceal the true ownership.

They can’t be traced to a central registry because whoever carries them is the purported owner.

They are an excellent, quick effective way to set up a business in Delaware, Nevada, and Wyoming

They can be held under agreement by professionals as another layer of secrecy.

They are a more affordable way of setting up a business in certain countries in the Caribbean.

QUESTION 80
During adverse media screening, a KYC analyst discovers a customer’s beneficial owner is implicated in an article about a tax evasion scandal. Which is the best next step?

Cross-reference the article’s source and consider a second source.

Ask the beneficial owner about its involvement in the tax evasion scandal

Check that the customer’s risk rating is inherently high risk.

Reject the customer due to the risk of tax evasion

Adverse media findings should be verified for credibility and accuracy before taking action. Cross-referencing with another reliable source ensures the information is factual and not based on unverified or biased reporting.

QUESTION 81
Which key elements should be included in CDD?

Account type, court records, open source intelligence information, and a list of reasons to maintain the customer

Customer overview, nature of business or occupation, geographic profile, and summary of red flags C Risk assessment statement risk appetite description and the risk presented by the customer

Customer type, related accounts and activity totals, industry information, and a peer business summary

Core elements of Customer Due Diligence include a customer overview, the nature of their business or occupation, their geographic profile, and a summary of any identified red flags, all of which support accurate risk assessment and monitoring.

QUESTION 82
Which action should be considered a possible red flag, indicating to a bank that the activity might warrant further investigation?

Making multiple cash deposits just under the reporting threshold

Adding a new beneficial owner after the establishment of the business relationship

Opening a new account without a local telephone number or utility bill

Sending large amounts of money to family in their home country with known sources of income

Structuring transactions by making multiple cash deposits just under the reporting threshold is a common method to evade detection and reporting requirements, making it a strong red flag for potential money laundering.

QUESTION 83
Are Immediate family members, relatives, and close associates of PEPS classified as PEPS?

Yes.

No.

Perhaps.

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