Mar-2026 CKYCA Study Material, Preparation Guide and PDF Download [Q26-Q43]

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Mar-2026 CKYCA Study Material, Preparation Guide and PDF Download

Free CKYCA Certification Sample Questions with Online Practice Test

ACAMS CKYCA certification program covers a wide range of topics, including the principles of AML and financial crime prevention, risk management, customer identification and verification, and transaction monitoring. Association of Certified Anti Money Laundering certification program is designed to help professionals develop a deep understanding of the AML regulatory landscape, including the latest trends, technologies, and best practices in the industry. The ACAMS CKYCA certification program is recognized globally, and it is highly regarded by employers in the financial industry. Earning the CKYCA certification demonstrates that a professional has the knowledge and skills necessary to effectively manage AML risks and prevent financial crimes, making them a valuable asset to any organization.

The CKYCA certification is designed for professionals who are responsible for customer due diligence and know your customer (KYC) compliance in their organizations. Association of Certified Anti Money Laundering certification covers various topics such as KYC regulations, risk assessments, beneficial ownership, and customer identification procedures.

NO.26 What corporate vehicles can a money launderer hide behind, where it is difficult to identify the beneficial owner? (SELECT 4)

Trusts.

Shell companies.

Private investment companies.

Regulated investment advisors

Sole Proprietors.

NO.27 A KYC analyst notices frequent use of letters of credit as a method of trade finance. It further appears that trades covered by letters of credit are not consistent with the customer’s usual business. What should be the next action taken by the KYC analyst?

Notify the Board of Directors and obtain the Board’s approval for filing a STR.

Refer internally for a potential suspicious transaction report

Establish internally the existence of a criminal violation.

Prepare to close the customer’s account.

Unusual trade finance activity, such as letters of credit inconsistent with the customer’s normal business, is a potential red flag for trade-based money laundering. The appropriate step is to make an internal referral for review and possible filing of a suspicious transaction report (STR).

NO.28 In automated screening, a “false positive” match is a match which:

after review is found to be incorrect.

during review is incorrectly dismissed as being a hit.

is generated by the screening tool and confirmed to be a hit.

was not flagged by the screening tool.

In automated screening, a “false positive” occurs when the system flags a potential match to a sanctions list, PEP list, or adverse media, but upon manual review it is determined that the match is incorrect.

NO.29 The European Union developed its 5th Money Laundering Directive based in part on the following? (SELECT 3)

A significant change in terrorist attacks in Europe over the previous five years.

The Panama Papers leaks, which identified the extent to which offshore accounts are used to disguise beneficial ownership.

Money Laundering and Financial Crime were deemed by the European Parliament and local committees as to be out of control in countries such as Andorra, Lichtenstein, and Tunisia.

The exit of Britain from the European Regulatory System.

The adoption of cryptocurrencies and other digital channels for money laundering, which are currently unregulated sectors.

NO.30 The following are some attributes of reliable sources to use in the EDD process. (SELECT 2)

Reputable and biased.

Internal and external consistency.

Industry-recognized.

later publication date.

NO.31 During an EDD process for a business customer, which document is the best source to identify and obtain details on the source of funds?

Financial statements

Company’s website

Utility bill

Articles of incorporation

Financial statements provide verifiable details about a company’s income sources, profitability, and cash flow, making them the most reliable document for identifying and confirming the source of funds during EDD.

NO.32 A KYC analyst receives a notification that the Office of Foreign Assets Control (OFAC) has updated its sanctioned entity and individual list. The analyst reviews the list and identifies a current customer. Which step should the analyst take first?

Report the issue to the Money Laundering Reporting Officer.

Form a sanctions committee to develop standard processes and procedures

Freeze the customer’s account and assets.

Contact the customer to request clarification

When a customer is identified as a sanctioned party, the immediate required action is to freeze the customer’s account and assets in accordance with sanctions regulations, preventing any transactions before notifying the relevant authorities.

NO.33 Secondary identification is often used to cross-verify the primary form of identification and to cross-verify information provided by the customer.
What is an example of secondary identification? (SELECT 2)

Online Registry.

Articles of Incorporation.

Audited Statements.

Utility Bill.

NO.34 An onboarded entity’s legal form differs from the incorporation documentation provided by the client and the information found in the country’s business register. Which action should a KYC analyst take?

File a suspicious activity report.

Use the incorporation documentation provided by the client.

Use the business register information.

Reach out to the client to clarity the legal form.

When there is a discrepancy between client-provided documentation and official records, the KYC analyst should first contact the client to clarify and resolve the inconsistency before taking further action.

NO.35 For benefitial ownership, the exact account-opening procedures and customer acceptance policies will depend on the type of? (SELECT 3)

Risk.

Customer.

Geography.

Product.

Local Regulations.

NO.36 Is collecting identification a legal requirement in jurisdictions?

Yes.

No.

Most.

NO.37 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 W

Individual Y

Individual X

Individual Z

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.

NO.38 Which risk assessment factor is most essential for a customer risk evaluation?

Number of years the company has been in operation
B Number of countries the company operates in

Customer country/jurisdiction of establishment

Customer size in terms of the number of employees

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.

NO.39 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:

bank statements for investigation of transaction patterns.

trust deed including trustees, settlors, and beneficiaries.

client asset declaration, open source, and public databases.

details of nominees (if any) and trust intermediaries.

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.

NO.40 Non-documentary verification is checking the information the customer provides against? (SELECT 3)

Credit reports.

Audited Statements.

Proprietary databases.

Email confirmation.

Public records.

NO.41 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.

NO.42 For the second prong, the control prong, an organization must collect the identity of one person who exercises control over the company.
Which below are deemed acceptable? (SELECT 3)

Chief Operating Officer.

Chief AML Officer.

Chief Compliance Officer.

Chief Executive Officer.

Managing Director.

NO.43 Most Organizations Use the three risk classifications for customers.
What are they? (SELECT 3)

High.

Moderate.

Low.

Medium.

Very High.

EDD-High.

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CKYCA Certification Study Guide Pass CKYCA Fast: https://www.prepawaypdf.com/ACAMS/CKYCA-practice-exam-dumps.html

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Mar-2026 CKYCA Study Material, Preparation Guide and PDF Download [Q26-Q43]

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