100+ Free IFMP Anti-Money Laundering (AML/CFT) Certification, Pakistan Practice Questions

Pass your IFMP Anti-Money Laundering (AML)/Countering Financing of Terrorism (CFT) Certification, Pakistan exam on the first try — instant access, no signup required.

✓ No registration✓ No credit card✓ No hidden fees✓ Start practicing immediately

N/A Pass Rate

100+ Questions

100% Free

Loading practice questions...

Same family resources

Explore More IFMP Pakistan Securities Certifications

Continue into nearby exams from the same family. Each card keeps practice questions, study guides, flashcards, videos, and articles in one place.

2026 Statistics

Key Facts: IFMP Anti-Money Laundering (AML/CFT) Certification, Pakistan Exam

100 MCQs

Exam Length

PSX AML_CFT-min.pdf / IFMP AML/CFT page

150 minutes

Time Limit

PSX AML_CFT-min.pdf

PKR 7,000

Examination Fee

https://ifmp.org.pk/ifmp-fees-structure

No negative marking

Scoring Rule

PSX AML_CFT-min.pdf assessment structure

IFMP AML/CFT is a 100-MCQ, 150-minute specialized certification with equal marks and no negative marking, aimed at Pakistan financial-market participants needing ML/TF, CDD, reporting, and FATF knowledge.

Sample IFMP Anti-Money Laundering (AML/CFT) Certification, Pakistan Practice Questions

Try these sample questions to test your IFMP Anti-Money Laundering (AML/CFT) Certification, Pakistan exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1What is money laundering?

A.The process of disguising the origins of funds derived from criminal activity so they appear legitimate

B.Converting legitimate business profits into taxable income

C.Paying customs duties on imported goods

D.Raising capital for a listed company through an IPO

Explanation: Money laundering is the process of concealing or disguising the illicit origin of proceeds of crime so that the funds appear to come from a legitimate source.

2How does terrorist financing (TF) typically differ from classic money laundering (ML)?

A.TF may involve funds from legitimate or illegitimate sources used to support terrorism, whereas ML specifically conceals criminal proceeds

B.TF always uses only cash above PKR 2 million

C.TF is illegal only when funds cross borders

D.ML and TF are identical offences with the same predicate-crime requirement

Explanation: Terrorist financing can involve clean or dirty money redirected to terrorism. Money laundering focuses on concealing proceeds of crime. Both are targeted by AML/CFT regimes, but the funding source and purpose differ.

3What is a primary objective of an AML/CFT regime in a financial market?

A.Protecting the integrity of the financial system by preventing ML/TF abuse and supporting detection and reporting

B.Maximising brokerage commissions

C.Eliminating all cash transactions in the economy

D.Replacing the need for banking licences

Explanation: AML/CFT frameworks aim to protect financial-system integrity by deterring, detecting, and reporting money laundering and terrorist financing, and by enabling investigation and prosecution.

4In AML terminology, a predicate offence is best described as:

A.The underlying crime that generates the proceeds later laundered

B.The final stage when funds are integrated into the economy

C.A reporting form filed only with the stock exchange

D.An exemption from customer due diligence

Explanation: Predicate offences are the crimes that generate illicit proceeds. Money laundering typically involves dealing with those proceeds to conceal their criminal origin.

5What are the three classic stages of money laundering?

A.Placement, layering, and integration

B.Origination, hedging, and settlement

C.Onboarding, underwriting, and claims

D.Listing, trading, and delisting

Explanation: The conventional ML model comprises placement (introducing illicit funds into the system), layering (complex transactions to obscure the trail), and integration (reintroducing funds as apparently legitimate wealth).

6Why is countering the financing of terrorism (CFT) a priority for financial institutions?

A.Because even small or seemingly legitimate transfers can fund terrorist activity and undermine financial integrity and security

B.Because TF always produces large, easy-to-spot cash deposits

C.Because CFT rules replace all FATF Recommendations

D.Because only NGOs are subject to CFT obligations

Explanation: TF often involves relatively small amounts and may use legitimate-looking channels. Financial institutions must apply risk-based controls and report suspicions to help disrupt terrorist networks.

7Under Pakistan’s AML framework, which statement best describes a reporting entity?

A.A person or institution required under the Anti-Money Laundering Act, 2010 and related rules to apply AML/CFT measures and report to the FMU as applicable

B.Only commercial banks supervised by SBP

C.Any individual who opens a personal savings account

D.Only foreign embassies operating in Pakistan

Explanation: Reporting entities under AMLA 2010 include financial institutions and designated non-financial businesses and professions (DNFBPs) as specified, with CDD, monitoring, recordkeeping, and STR/CTR obligations.

8Which outcome is most consistent with effective AML/CFT controls at a securities brokerage?

A.Risk-based CDD, ongoing monitoring, and prompt reporting of suspicions to the FMU without tipping off the customer

B.Ignoring red flags if the client generates high commission

C.Filing an STR only after a conviction for the predicate offence

D.Sharing STR contents with the customer to verify facts

Explanation: Effective controls combine risk-based due diligence, monitoring, and confidential reporting to the FIU (FMU). Tipping-off is prohibited, and suspicion—not conviction—triggers STR consideration.

9A donation account receives frequent small legitimate-looking contributions that are then wired to a high-risk jurisdiction linked to a proscribed organisation. This scenario is most characteristic of:

A.Potential terrorist financing misuse of an NPO/NGO or donation channel

B.Ordinary payroll processing with no AML relevance

C.A mandatory CTR-only event with no STR possibility

D.Layering that can never involve legitimate-source funds

Explanation: TF typologies often abuse NPOs, charities, or donation accounts, including with funds that may appear legitimate. Size alone does not eliminate suspicion; destination and purpose matter.

10According to IFMP, the AML/CFT Certification is designed primarily for:

A.Participants in Pakistan’s financial markets, including banks, NBFCs, AMCs, intermediaries, insurers, public-sector organisations, and NGOs/NPOs

B.Only retail equity day traders with no compliance role

C.Foreign tourists exchanging currency at airports only

D.Candidates seeking a PSX trading terminal licence exclusively

Explanation: IFMP’s AML/CFT certification page states the exam meets needs of financial-market participants including banks, NBFCs, AMCs, intermediaries, insurance companies, public-sector organisations, and NGOs/NPOs.

About the IFMP Anti-Money Laundering (AML/CFT) Certification, Pakistan Exam

Free practice questions for the IFMP Anti-Money Laundering (AML/CFT) Certification covering ML/TF concepts and typologies, KYC/CDD/EDD, risk-based compliance, Pakistan’s AMLA/FMU framework, and FATF Recommendations for financial-market professionals.

Questions

100 scored questions

Time Limit

150 minutes

Passing Score

Not published by IFMP; confirm with IFMP for your sitting

Exam Fee

PKR 7,000 (Institute of Financial Markets of Pakistan (IFMP))

IFMP Anti-Money Laundering (AML/CFT) Certification, Pakistan Exam Content Outline

10%

Introduction to AML/CFT

ML/TF definitions, objectives, predicate offences, and laundering stages (10 questions).

20%

Techniques of Laundering Money and Financing Terrorism

Placement/layering/integration and typologies including structuring, TBML, hawala, and market misuse (20 questions).

15%

Know Your Customer (KYC) / Customer Due Diligence (CDD)

Identification, beneficial ownership, PEPs/EDD, ongoing CDD, and wire transparency (15 questions).

15%

Risk Assessment / Mitigation / Monitoring and Compliance

RBA, monitoring, sanctions screening, training, audit, and governance (15 questions).

20%

Regulatory Framework

AMLA 2010, FMU/goAML, STR/CTR, tipping-off, SECP/SBP, ATA, and freezes (20 questions).

20%

FATF Recommendations

FATF 40 Recommendations, FIU/TFS/NPO/VASP themes, APG, and evaluation concepts (20 questions).

How to Pass the IFMP Anti-Money Laundering (AML/CFT) Certification, Pakistan Exam

What You Need to Know

Passing score: Not published by IFMP; confirm with IFMP for your sitting
Exam length: 100 questions
Time limit: 150 minutes
Exam fee: PKR 7,000

Keys to Passing

Complete 500+ practice questions
Score 80%+ consistently before scheduling
Focus on highest-weighted sections
Use our AI tutor for tough concepts

IFMP Anti-Money Laundering (AML/CFT) Certification, Pakistan Study Tips from Top Performers

1Memorize the official six-element question counts (10/20/15/15/20/20) and study to those weights.

2Know AMLA 2010 basics: FMU as FIU, goAML STR/CTR filing, tipping-off prohibition, and the PKR 2 million CTR cash threshold.

3Drill ML stages and typologies (structuring, TBML, hawala, shells, securities churn) versus TF’s often smaller-value patterns.

4Practice PEP/EDD, beneficial ownership, sanctions freeze-without-delay, and risk-based monitoring scenarios.

5Use timed 100-question mocks to match the 150-minute official pacing (about 1.5 minutes per question).

Frequently Asked Questions

How many questions are on the IFMP AML/CFT Certification exam?

The official assessment is 100 multiple-choice questions in 150 minutes, with equal marks and no negative marking (IFMP/PSX AML_CFT summary specification).

What topics does the IFMP AML/CFT exam cover?

Six elements: introduction to AML/CFT (10), techniques of ML/TF (20), KYC/CDD (15), risk assessment/mitigation/monitoring/compliance (15), regulatory framework (20), and FATF Recommendations (20), with ±2 flexibility per element.

What is the IFMP AML/CFT exam fee?

IFMP’s fees structure lists an examination registration fee of PKR 7,000 per attempt (net of taxes) and a PKR 20,000 certification fee for non-mandatory/specialized certifications, plus a one-time candidate registration fee of PKR 10,000. Confirm the package on the IFMP portal for your sitting.

Who should take the IFMP AML/CFT Certification?

IFMP recommends it for financial-market participants including banks, NBFCs, AMCs, intermediaries, insurance companies, public-sector organisations, and NGOs/NPOs. Completing the pathway is associated with the CAMLP-IFMP title in IFMP communications.