ACAMS CTMA Certified Transaction Monitoring Associate Online Training
ACAMS CTMA Online Training
The questions for CTMA were last updated at Feb 24,2025.
- Exam Code: CTMA
- Exam Name: Certified Transaction Monitoring Associate
- Certification Provider: ACAMS
- Latest update: Feb 24,2025
While doing investigation on some adverse media checks that came up for an individual named Joey there were a few news stories connected to this individual.
Which are AML related and should be escalated? (SELECT 2)
- A . Joey has several derogatory credit problems and a score of 630
- B . Joey has been convicted of illegally distributing a banned drug
- C . Joey was arrested in Colombia for arriving at the airport with more than 10 thousand USD in cash.
- D . Joey had his house foreclosed on him two years ago.
During the name screening stage. Is this done and approved prior to onboarding, or during real time transactions?
- A . Prior to onboarding
- B . During realtime transactions
An organization when faced with the below must report which?
- A . If you have a bad feeling about the client but haven’t looked at the information, this is still ok.
- B . Every customer should be investigated for financial crime
- C . If they suspect a financial crime has been committed.
- D . If they suspect a financial crime has been committed, but only if they have the time and resources to do so.
Transaction monitoring controls are ____________ monitored, calibrated, and tuned, and new scenarios need to be introduced as the risks associated with the business change.
- A . Rarely
- B . Often
- C . Constantly
- D . Sometimes
The purpose of Transaction Monitoring in organizations is to ______________?
- A . Manage Client Risk
- B . Manage Financial Crime Risk
- C . Manage Compliance Risk
- D . Manage Transaction Risk
What takes priority over the analysis in an Investigation of an Alert?
- A . Human Analysis
- B . Automated Screening Tools
All charities and non-profits ngos require bank products just like companies, and as such they are required to be onboarded.
What are some of the main concerns/red flags that this type customer would bring to an AML Program? (SELECT 2)
- A . Launder illicit funds
- B . Poor regulations
- C . Fraudulent activity
- D . Breach Sanctions.
Can personal interviews of the client be used to mitigate an alert for Transaction Monitoring?
- A . TRUE
- B . FALSE
What amount of research is considered reasonably enough
- A . The type of content that is documented.
- B . If someone else of standing would find the conclusions justifiable
- C . The amount of content.
- D . the clarity of the amount?
A Transaction Monitoring report is usually referred as an __________
- A . Repository
- B . Analysis
- C . Report
- D . Alert
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