ACAMS Mock Test-PEP

ACAMS Mock Test – Politically Exposed Persons (PEPs) This mock test is designed to help ACAMS candidates assess and strengthen their understanding of Politically Exposed Persons (PEPs), one of the most important high-risk customer categories in Anti-Money Laundering (AML) and financial crime compliance. The test focuses on identifying PEPs, understanding associated risks, and applying appropriate risk-based controls and due diligence measures. Questions are aligned with the ACAMS examination framework and present practical scenarios involving domestic and foreign PEPs, family members and close associates, corruption risks, source of wealth verification, enhanced due diligence requirements, ongoing monitoring, and regulatory expectations. This practice exam helps candidates prepare for the ACAMS certification examination while developing practical skills for managing high-risk customer relationships in financial institutions. Topics Covered: • Definition and Classification of PEPs • Domestic, Foreign, and International Organization PEPs • Family Members and Close Associates (RCAs) • Corruption, Bribery, and Abuse of Public Office Risks • Customer Risk Assessment and Risk-Based Approach • Source of Wealth and Source of Funds Verification • Enhanced Due Diligence (EDD) Requirements • Ongoing Monitoring of PEP Relationships • Adverse Media and Reputation Risk Screening • Suspicious Activity Identification and Reporting • Regulatory Expectations and Global Standards • Real-World AML Compliance Scenarios Involving PEPs