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
With investigating and completing a file it is usually best practice to ensure proper checks are performed, a second person might review the file.
This is called? (SELECT 2)
- A . Quality Assurance
- B . Dual-Controls
- C . Two person check
- D . Four Eyes Check
In some jurisdictions, the media might be controlled by the same people you’ll be investigating?
- A . True
- B . False
An internal escalation report can also be known as?
- A . No such thing
- B . Suspicious Activity Report
- C . Unusual Activity Report
- D . Internal Activity Report
What is an example of reputational risk below?
- A . Costs associated with having to increase the Anti-Money Laundering Surveillance at your company
- B . Terrorists were caught using the bank to fund an attack in the Middle East
- C . The organization operates in a country that is on a FATF non-compliance list.
- D . Paying back customers after the institution realized they overcharged them on fees.
What is the main purpose of having controls in your Transaction Monitoring program
It’s best practice to have controls in a Transaction Monitoring program
It’s a regulatory requirement?
- A . To manage financial crime risk
- B . Transaction Monitoring doesn’t require controls
Why is it important to know if a customer is a dual citizen (SELECT 2)
- A . It can help access jurisdiction activity as part of your research in the Transaction Monitoring process.
- B . The customer could have a second nationality of a notorious tax haven and is using their wealth and power gained from illicit funds to fund a tax evasion program.
- C . There could be Tax complications from being a dual citizen that compliance needs to know
- D . It’s a legal requirement.
You as the Transaction Monitoring Analyst have gone though Standard Due Diligence and Enhanced Due Diligence, but you feel that you have not provided enough evidence and proof to onboard the client safely. You feel that you still have concerns, what is the best approach here if you are the analyst.
- A . Approve the client, They have passed SDD and EDD, they are good to go.
- B . Ask a work colleague, perhaps a more senior person about the next step.
- C . Escalate your case to the next stage in the process for someone more qualified to look at it.
- D . Just leave the case their and do nothing, You’ve done everything you need to do it’s not your fault.
What is a legal reason to use a shell company
- A . Common legal structure
- B . Transfer Assets Easily
- C . Avoid Tax
- D . Fluid and not secure.
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