Acams CKYCA Exam Syllabus
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Before starting your CKYCA exam preparation, it is recommended to review the complete Acams Certified Know Your Customer Associate exam syllabus and carefully go through the exam objectives listed below. Once you understand the exam structure and objectives, you should practice using our free CKYCA questions. We also provide premium CKYCA practice test, fully updated according to the latest exam objectives, to help you accurately assess your preparedness for the actual exam.
Acams CKYCA Exam Objectives
| Section 1: Customer Identificaiton and Verification | |
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Weight: 20% |
1.1 Assess the information needed by determining customer type, then research sources as needed to complete gaps
1.2 Complete appropriate verification procedures 1.3 Assess the nature and purpose of the account, with particular attention to shell companies and tax compliance 1.4 Identify ultimate beneficial ownership (UBO) and connected/third parties 1.5 Review and re-consider existing information based on account activity |
| Section 2: Customer Risk Rating | |
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Weight: 20% |
3.1 Evaluate customer risk based on core risk categories (customer, product, country, channel)
3.2 Recognize and explain key red flags that could signal money laundering, sanctions evasion, bribery/corruption, tax evasion, etc. 3.3 Analyze risk of assets under management 3.4 Assess risk scoring against the company risk assessment/risk appetite and escalation requirements. |
| Section 3: Customer Screening | |
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Weight: 15% |
2.1 Screen for sanctions compliance
2.2 Explore primary and secondary sources for customer information (including adverse media) and assess reliability and relevance of information. 2.3 Distinguish between material and immaterial hits coming from sanctions checks and transactions monitoring. |
| Section 4: Enhanced Due Diligence | |
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Weight: 30% |
4.1 Identify and obtain details of the source of wealth
4.2 Examine complex ownership structures for ultimate beneficial ownership (UBO) 4.3 Determine, based on evidence of risk leve,l whether to recommend retaining, terminating a customer, or escalating for further enhanced due diligence (EDD) 4.4 Perform account activity reviews |
| Section 5: Customer Profile Documentation and Presentation | |
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Weight: 15% |
5.1 Apply data privacy requirements and explain ramifications of data errors
5.2 Present effectively crafted profiles with objectivity and precision 5.3 Create an audit trail 5.4 Review/update customer profile based on periodic review or event triggers. |
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