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
Dual Nationality can be a concern for many Transaction Monitoring analysts during the due diligence phase.
Which of the biggest concern for an analyst that would raise a potential red flag with a dual national?
- A . Marriage/Religion
- B . Location of Birth
- C . Parental Nationality
- D . Citizenship form participation in a local Investment Program
Johnny has brokered a deal to sell 100 missiles for $2 each. They will be shipped from Australia to Panama next week.
What is this an example of?
- A . Ghost-Shipping
- B . Over-Invoicing
- C . Under-Invoicing
- D . Good Business
Which of the items below is a well known Product for Trade Financing?
- A . Trade Over Invoice
- B . Articles of Incorporation
- C . Authorized Signatures
- D . Letters of Credit
Kate, who is an TM analyst is looking at an Domestic Import/Export company domiciled in Nebraska usually has revenue of around 100k per month. In the first 2 months of the new Financial year that average amount has changed to around 400k per month give or take.
If you were Kate what do you think factor change triggered the alert?
- A . Change of Jurisdiction
- B . Change of Behavior
- C . Tax Evasion
- D . Politically Exposed Persons
In terms of Virtual Currency, what does FIAT mean?
- A . Privately Owned Issued Money
- B . Blockchain Issued Money
- C . Average Italian Car
- D . Government Issued Money
Bill finds a registry for a company he is looking for. He later finds out that it is not government registry and that one must pay to use this registry.
Is this registry viable from an investigation standpoint?
- A . Yes
- B . No
- C . Depends
What is the process of making adjustments to the system to ensure that the alerts are indeed indicative of unusual behavior?
- A . Artificial Intelligence
- B . Machine Learning
- C . Tuning
- D . Data Analysis
In Transaction Monitoring what are alerts generated incorrectly by the system due to inefficiencies?
- A . False Negatives
- B . True Match
- C . False Match
- D . False Positives
What are some legal reasons that trusts can be used? (SELECT 3)
- A . Tax Avoidance
- B . Succession and Estate Planning,
- C . Tax Evasion
- D . Promote good causes
- E . Transfer of ownership at speed.
Joanne has just started her new job in Transaction Monitoring. After being trained she has just received her first alert.
What is the first thing she should do?
- A . Assess
- B . Explore
- C . Organize
- D . Report
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