A credential backed by ACAMS carries real weight with hiring managers, and the ACAMS Association of Certified Anti Money Laundering exam is how you earn one. Preparing with the 132 practice questions from ActualCollection keeps every study hour focused on what the exam actually asks.
ACAMS CKYCA Exam Overview:
| Certification Vendor: | ACAMS |
|---|---|
| Exam Name: | Certified Know Your Customer Associate |
| Exam Number: | CKYCA |
| Real Exam Qty: | 60 |
| Exam Duration: | 90 minutes |
| Exam Format: | Multiple Choice |
| Available Languages: | French, Traditional Chinese, German, Simplified Chinese, English, Dutch, Spanish, Japanese |
| Exam Price: | USD $1,045 |
| Related Certifications: | CTMA CAFCA CAMS |
| Sample Questions: |  |
| Exam Way: | Pearson VUE testing centers or online proctored exam |
| Pre Condition: | No mandatory prerequisite exam. ACAMS membership and application approval required. |
| Official Syllabus URL: | https://www.acams.org/en/certifications/ckyca |
ACAMS CKYCA Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Enhanced Due Diligence | - Enhanced Review Procedures
|
| Customer Risk Rating | - Risk Assessment
|
| Customer Screening | - Sanctions and PEP Screening
|
| Customer Profile Documentation and Presentation | - Customer Documentation
|
| Customer Verification and Identification | - Customer Identity Verification
|
ACAMS CKYCA Exam: Frequently Asked Questions
The ACAMS Association of Certified Anti Money Laundering exam is the official ACAMS test registered under exam code CKYCA. Passing it earns you the AML Certifications certification, a credential at the Associate level. It is also linked to the related certifications: CAMS, CAFCA, CTMA. ACAMS exams are valued because they test job-ready skills, so a passing score here carries real weight on a resume.
The ACAMS Association of Certified Anti Money Laundering exam includes 60 questions to be completed within 90 minutes. Do the pacing math before exam day: with that many items on the clock, you need a steady rhythm and the discipline to flag a hard question and move on instead of stalling. Two or three full timed sessions with the ActualCollection test engine will show you exactly what that pace feels like, so time pressure stops being a factor on the real day.
No mandatory prerequisite exam. ACAMS membership and application approval required.
Eligibility rules do change from time to time, so confirm the current requirements before you register on the official exam page.
Yes. ActualCollection offers a free PDF demo of the ACAMS Association of Certified Anti Money Laundering material so you can judge the question quality and format before spending anything. After purchase, your license includes 365 days of free updates, and if you want to keep receiving updates after that period, renewals are available at a 50% discount.
If you take the ACAMS Association of Certified Anti Money Laundering exam within 60 days of your purchase and do not pass, ActualCollection backs you with a 100% money-back guarantee. The claim must match the exam your product covers: attempts taken within 3 days of purchase are not eligible (that is too little preparation time), and neither are downloaded-but-unused products, free materials, or expired orders. The candidate name must match the payer name, and you need to submit a scanned enrollment slip plus the official Score Report PDF within 2 days of the exam; claims are processed within 7 days. Prefer not to refund? You can swap instead and receive two other exam products of equal value for free while keeping the update service on your original purchase.
Delivery itself is instant: your files are downloadable right away and emailed to you within one minute of payment. If nothing arrives within 2 hours, contact customer service. There is no limit on how many computers you may install the software on.
The official ACAMS Association of Certified Anti Money Laundering syllabus is organized into 5 domains. Key areas include Customer Verification and Identification, Customer Risk Rating, and Customer Profile Documentation and Presentation. The complete, up-to-date topic list appears in the exam topics section above; work through it line by line and flag anything you cannot yet explain in your own words.
ACAMS Association of Certified Anti Money Laundering Sample Questions:
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?
- A. Prepare to close the customer's account.
- B. Establish internally the existence of a criminal violation.
- C. Refer internally for a potential suspicious transaction report
- D. Notify the Board of Directors and obtain the Board's approval for filing a STR.
Correct Answer: C 🗳️
Explanation: Only visible for ActualCollection members. You can sign-up / login (it's free).
The minimum level of Customer Due Diligence that is required when opening a new account includes the following? (SELECT 2)
- A. Why this account is being opened?
- B. What type of locations is the account going to be transacting with.
- C. The frequency and expected amounts of those transactions?
- D. What type of people does the customer associate with?
- E. What sorts of transactions you should anticipate?
Correct Answer: A,B 🗳️
What is the advantage of Bearer Shares? (SELECT 3)
- A. They are a more affordable way of setting up a business in certain countries in the Caribbean.
- B. They can't be traced to a central registry because whoever carries them is the purported owner.
- C. Tax haven countries and their strict secrecy laws can further conceal the true ownership.
- D. They are an excellent, quick effective way to set up a business in Delaware, Nevada, and Wyoming
- E. They can be held under agreement by professionals as another layer of secrecy.
Correct Answer: B,C,E 🗳️
According to the Financial Action Task Force (FATF) Risk-Based Approach Guidance, institutions should
- A. adjust the extent and depth of EDD monitoring in line with their risk profile.
- B. adjust customers' EDD processes independent from the institution's risk profile.
- C. incorporate only higher risk customers into its risk profile.
- D. incorporate customer risks into the business line risk profiles, but not into the institutional risk profile
Correct Answer: A 🗳️
Explanation: Only visible for ActualCollection members. You can sign-up / login (it's free).
A KYC analyst is running an adverse media search on a prospective client's directors and learns that one of the directors has been accused of receiving bribery payments. Which step should the KYC analyst take next?
- A. Dismiss the finding as immaterial.
- B. Escalate the matter to the compliance team.
- C. Ask the director for an explanation.
- D. Refuse to establish a business relationship with the client.
Correct Answer: B 🗳️
Explanation: Only visible for ActualCollection members. You can sign-up / login (it's free).
1317 Customer Reviews
