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
During the investigation period of a Transaction Monitoring alert, What are some examples of reliable information that can be used for the investigation?
- A . Older published date
- B . Industry Recognized
- C . Reputable
- D . Biased.
Why is Artificial Intelligence and Machine Learning becoming so big with Transaction Monitoring?
- A . They are inexpensive and cost effective
- B . They can be used interchangeably for different results.
- C . Can eliminate or reduce false positives, thus reducing large workloads automatically.
- D . AI and ML can help find more information related to financial crime and more effective transaction monitoring alerts.
The Beneficial Owner or Trustee of Trusts or special purpose vehicles is usually?
- A . Same person/Family
- B . Professional Services
- C . Complete Strangers
- D . Unrelated Parties
An insurance firm needs appropriate policies and procedures to prevent money laundering?
- A . Yes
- B . No
- C . Depends on the Jursidiction
What are some reasons to terminate the relationship with a customer? (SELECT 2)
- A . Activity looks suspicious
- B . New product has been added
- C . Change in Management
- D . Risk appetite has changed.
Which of the below can and need to be searched for Sanctions screening (SELECT 3)
- A . Boats
- B . Individuals
- C . Shipping Vessels
- D . Cars
- E . Planes
Designated non-financial businesses and professions are risk for Financial Crime because?
- A . They can collude with criminals to disguise financial crime
- B . Not all Designated non-financial businesses and professions are high risk
- C . These industries are accepting and exchanging cash on a often case?
- D . These industries and professions are generally unregulated
What is the method that changes the methodology and variables in the Transaction Monitoring Process?
- A . Turning
- B . Changing
- C . Tuning
- D . Settings
What of the below is not acceptable for research that can be documented for when investigating an alert?
- A . Corporates Registries
- B . Company Website
- C . LinkedIn
- D . Reputable Media outlets
What reason here is one of the reasons why Private Banking is high risk?
- A . Lacks government oversight
- B . Private banking can be low risk, it depends on a wide range of variables.
- C . The products are complex
- D . Can be used to hide the beneficial owner
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