ACFCS Financial Crime Specialist : CFCS

  • Exam Code: CFCS
  • Exam Name: Financial Crime Specialist
  • Updated: Oct 03, 2026
  • Q & A: 175 Questions and Answers

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About ACFCS CFCS Exam

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ACFCS CFCS Exam Syllabus Topics:

SectionObjectives
Sanctions and Regulatory Compliance- OFAC and International Sanctions Regimes
- Regulatory Enforcement and Compliance Obligations
Investigations and Intelligence- Financial Investigations Techniques
- Data Analysis and Intelligence Gathering
Fraud Prevention and Detection- Internal and External Fraud Schemes
- Fraud Risk Assessment and Controls
Anti-Money Laundering (AML) and Compliance- Suspicious Activity Monitoring and Reporting
- AML Program Design and Controls
- Customer Due Diligence (CDD) and KYC
Financial Crime Fundamentals- Financial Crime Risk Management Principles
- Money Laundering and Terrorist Financing Typologies
Cybercrime and Emerging Financial Threats- Digital Assets and Cryptocurrency Risks
- Cyber-enabled Financial Crime

ACFCS Financial Crime Specialist Sample Questions:

Question #1

You are the chief compliance officer for a non-U S Bank that maintains some accounts in the name of U S residents Your country has signed a FATCA Model 1 inter-governmental agreement.
In developing your FATCA compliance program which should be incorporated into your program?

  • A. Once evidence indicates a relationship with a U S resident, an exemption to file form must be obtained
  • B. Customer due diligence for FATCA should be based on existing IRS requirements (or Qualified Intermediaries
  • C. IRS reporting must include all account balances and securities held in the name of a US resident
  • D. Customer due diligence for FATCA should leverage your existing AML program
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Question #2

Which is the MOST effective way to verify a company's registration information?

  • A. Access the jurisdiction's court system and search for any court cases against the company which will include the company's registration number and information
  • B. Examine the company's website
  • C. Conduct a Google advanced search using the keyword registration details to find articles or other pieces of information about the company
  • D. Access the jurisdiction's company registry repository and search lor the company name and retrieve the company's information
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Question #3

An employee of Company A is injured in a car accident and rushed to a government-owned hospital in Country X. Prior to admitting the patient the head doctor insists that is it customary for foreigners to pay the hospital a generous donation" and insinuates that the patient will not be admitted without the payment.
The request is an example of which offense?

  • A. Solicitation
  • B. Duress
  • C. Extortion
  • D. Bribery
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Question #4

During a routine organizational overview of financial crime controls, Mr. Garcia, the compliance officer, notices a significant increase in the number of false positives generated by the transaction monitoring system.
What is the most appropriate action for Mr. Garcia to take?

  • A. Review and adjust the parameters of the transaction monitoring system.
  • B. Ignore the increase in false positives as they are common in such systems.
  • C. Request additional resources for the compliance department.
  • D. Immediately suspend all transactions until the issue is resolved.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #5

WhichtransactionMOST likely suggests the integration stage of money laundering?

  • A. Large cash purchase of prepaid cards
  • B. Multiple electronic fundstransfersbetween shell companies
  • C. Deposits of large amounts of cash
  • D. multi-countryimport/export invoices
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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