Free CTMA Practice Test Questions and Answers (2026)

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Q: 1
Risk Controls fall into which of the below categories? (SELECT 3)
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Q: 2
The Four research steps in the Assess, Explore, Organize and ?
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Q: 3
What are the two customer types associated with Transaction Monitoring?
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Q: 4
Why is Cannabis deemed as high risk for many new customers, when it is becoming legal?
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Q: 5
When do Financial Criminals mostly focus on tailoring their relationship with a bank?
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Q: 6
The appropriate controls that should be put in place to mitigate and reduce them with the risk based approach include? (SELECT 3)
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Q: 7
What are two red flags during below that may require further escalation? (SELECT 2) CERTEMPIRE
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Q: 8
Third Party Payment Processors (TPPP) are Non-Bank, or third-party, Payment Processors are financial institution customers that provide payment processing services to merchants and other business entities, typically initiating transactions on behalf of merchant clients that do not have a direct relationship with the Payment Processor’s financial institution. Are TPPP's subjected to anti-financial crime requirements?
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Q: 9
What Risk Cateogories are listed below (SELECT 4)
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Q: 10
If the customer is completely outside of the risk appetite of your organization, you might do the following? (SELECT 2)
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Q: 11
The second part of the residual risk equation is "controlled risk" What are some control risks below? (SELECT 3)
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Q: 12
During the name screening stage. Is this done and approved prior to onboarding, or during real time transactions?
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Q: 13
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?
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Q: 14
Transaction Monitoring is done in real time?
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Q: 15
The Ultimate Beneficial Owner can be a company?
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Q: 16
The percentage and types of alerts that become cases will vary based on institution type, client base, jurisdiction, etc? (TRUE OR FALSE)
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Q: 17
Transaction Monitoring relies on Financial Crime Compliance?
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Q: 18
Are Red Flags permanent?
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Q: 19
CERTEMPIRE In some jurisdictions, the media might be controlled by the same people you’ll be investigating?
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Q: 20
Is Name Screening and Transaction Monitoring the same thing?
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