ACAMS CTMA Certified Transaction Monitoring Associate Online Training
ACAMS CTMA Online Training
The questions for CTMA were last updated at Nov 19,2024.
- Exam Code: CTMA
- Exam Name: Certified Transaction Monitoring Associate
- Certification Provider: ACAMS
- Latest update: Nov 19,2024
John has reached out to the client asking for a Formal I.D in the periodic reassessment after an alert caused the KYC file to be refreshed. The client has email back a copy of their drivers licence, Is this acceptable?
- A . Yes
- B . No
- C . Depends
Letters of Credit are a well known __________ Product?
- A . Finance
- B . Credit
- C . Trade Finance
- D . Fixed-Income
With regards to data and security, financial institutions must provide? (SELECT 2)
- A . Best Practice
- B . Duty of Care
- C . Optional Choice
- D . Legal Obligation
For a State Owned Enterprise to be officially a SOE, What are the levels of state involvement are requited
- A . Majority
- B . Full
- C . Half
- D . Significant
- E . Low
When are you allowed to refuse or terminate a relationship with a customer?
- A . Only at the beginning of the investigation.
- B . Only after the client has been onboarded, then the relationship can be terminated.
- C . only after the transaction monitoring has been done but not the KYC.
- D . At anytime during the onboarding process.
An Transaction Monitoring Analyst has found out that a company in which the alert has been generated from is using bearer shares for the formation of the company.
Is this client allowed in the United States?
- A . Yes
- B . No
- C . Depends on the jurisdiction of the entity
Joey a Transaction Monitoring analyst has discovered that after the risk assessment, There is no evidence of money laundering, terrorist financing, or economic sanctions.
What is the next stage for Joey here/
- A . Clear Alert
- B . Escalate to Compliance
- C . Escalate to his Senior Manager.
- D . Report to Law Enforcement
What Technologies are very active in Transaction Monitoring right now and in the future?
- A . Cloud Computing
- B . Machine Learning
- C . Artificial Intelligence
- D . Neural Networks
When do Financial Criminals mostly focus on tailoring their relationship with a bank?
- A . Before the formal relationship starts
- B . At the beginning of the banking relationship
- C . During the banking Relationship
- D . End of the Banking Relationship
What are some elements of a Shell Company? (SELECT 2)
- A . No assets or operations
- B . Sometimes legitimate but low-risk
- C . Sometimes facilitate money laundering
- D . Appear legitimate and mask ownership
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