100+ Free AMLC Prac (SA) Practice Questions

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Sample AMLC Prac (SA) Practice Questions

Try these sample questions to test your AMLC Prac (SA) exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1South Africa's primary statute establishing AML/CFT obligations for accountable institutions is commonly known as:

A.The Companies Act only

B.The Financial Intelligence Centre Act (FIC Act / FICA)

C.The National Credit Act alone

D.The Competition Act

Explanation: The FIC Act (often called FICA) is SA's core AML/CFT statute creating duties for accountable institutions and establishing the Financial Intelligence Centre.

2The Financial Intelligence Centre (FIC) in South Africa primarily:

A.Issues banking licences instead of the SARB

B.Receives and analyses financial intelligence, including prescribed reports from accountable institutions

C.Sets the repo rate

D.Registers architects

Explanation: The FIC is SA's financial intelligence unit. It receives CTRs/STRs and related reports and analyses intelligence for competent authorities.

3FATF Recommendations are best described as:

A.Optional marketing slogans for banks

B.International AML/CFT standards that shape national frameworks such as South Africa's FIC Act regime

C.Rules that only apply to cryptocurrency firms

D.A substitute for South African legislation

Explanation: FATF sets global AML/CFT standards that countries implement through domestic law. FATF does not replace local statutes.

4Accountable institutions under the FIC Act are:

A.Any informal stokvel with no legal duties

B.Categories of businesses listed in Schedule 1 that must meet AML/CFT obligations

C.Only the South African Revenue Service

D.Only foreign embassies

Explanation: Schedule 1 lists accountable institutions (for example banks and many DNFBPs) that must implement CDD, RMCP, reporting and related duties.

5POCA in the South African financial-crime context most closely relates to:

A.Property ownership conveyancing forms only

B.Proceeds of crime / anti-organised crime frameworks that complement AML efforts

C.Postal delivery standards

D.Patent opposition proceedings

Explanation: The Prevention of Organised Crime Act (POCA) addresses proceeds of crime and related offences and works alongside FICA's preventive AML regime.

6POCDATARA is primarily concerned with:

A.Dairy product labelling

B.Combating terrorism and related activities, including terrorist financing dimensions relevant to CFT

C.Architectural copyright

D.Municipal property rates only

Explanation: POCDATARA addresses terrorism and related activities; terrorist financing controls intersect with FICA CFT obligations.

7A risk-based approach under FATF/FICA principles means institutions should:

A.Apply identical maximum controls to every customer regardless of risk

B.Tailor AML/CFT controls to the money-laundering and terrorist-financing risks they identify

C.Ignore high-risk customers to save cost

D.Outsource all legal liability to customers

Explanation: RBA requires identifying risks and applying proportionate controls — enhanced where risk is higher.

8Which statement about tipping-off in an STR context is most accurate?

A.Staff should warn the customer that an STR is being filed so the customer can explain

B.Unlawful disclosure that may prejudice an investigation (tipping-off) is prohibited

C.Tipping-off is mandatory under FICA

D.Tipping-off only applies to cash threshold reports

Explanation: Tipping-off protections exist so subjects are not alerted in ways that prejudice investigations.

9Money laundering classic stages are commonly described as:

A.Onboarding, upselling, retention

B.Placement, layering and integration

C.Debit, credit and suspense

D.Design, build and operate

Explanation: The conventional ML model is placement (introducing illicit funds), layering (obscuring), and integration (re-entering the legitimate economy).

10Proliferation financing risk refers to:

A.Funding the spread of weapons of mass destruction / related proliferation activities

B.Financing ordinary retail expansion of grocery stores

C.Paying staff overtime

D.Municipal road maintenance only

Explanation: PF risk concerns financing WMD proliferation and related activities — a focus area alongside ML/TF in modern AML/AFC programmes.

About the AMLC Prac (SA) Exam

AMLC Prac (SA) is CISA's professional designation for practitioners working in anti-money laundering / anti-financial crime. The board exam tests South African FICA compliance knowledge and applied AML competencies: RMCP and risk-based controls, CDD/EDD and beneficial ownership, monitoring and FIC reporting, sanctions/TFS, and AML governance/training/technology.

Assessment

CISA board examination for the SAQA-registered AMLC Prac (SA) designation. Candidates are assessed against competencies spanning the AML/AFC regulatory framework (including FIC Act/FATF), risk-based RMCP work, CDD/EDD, transaction monitoring and suspicious reporting, plus advisory, training, technology and team oversight. This free bank focuses on knowledge MCQs supporting the knowledge/MCQ component of board preparation.

Time Limit

Pilot logistics used a three-hour exam sitting; confirm your diet's timed duration in CISA instructions.

Passing Score

No fixed public percentage pass mark verified. Confirm assessment standards with CISA for your sitting.

Exam Fee

Application fee R1,995.00 (incl. VAT) + assessment (exam/RPL) R6,250.00 (incl. VAT) per CISA's published schedule; confirm before payment. Designation requires standard membership in good standing. (Compliance Institute Southern Africa (CISA))

AMLC Prac (SA) Exam Content Outline

20%

AML/AFC Regulatory Framework & Standards

FICA/FIC, FATF, accountable institutions, POCA/POCDATARA, tipping-off and records.

20%

Risk-Based Approach & RMCP

Risk assessment, RMCP, SDD/EDD, appetite, assurance and continuous improvement.

25%

CDD, EDD & Beneficial Ownership

ID/verification, PEPs, SoF/SoW, entities/trusts, BO and ongoing CDD.

20%

Monitoring, Reporting & Sanctions/TFS

Alerts, STRs, CTR (R50k+), TPR, TFS and typologies.

15%

Governance, Training & Technology

Training, oversight, MI, culture, vendors/tech and professionalism.

How to Pass the AMLC Prac (SA) Exam

What You Need to Know

Passing score: No fixed public percentage pass mark verified. Confirm assessment standards with CISA for your sitting.
Assessment: CISA board examination for the SAQA-registered AMLC Prac (SA) designation. Candidates are assessed against competencies spanning the AML/AFC regulatory framework (including FIC Act/FATF), risk-based RMCP work, CDD/EDD, transaction monitoring and suspicious reporting, plus advisory, training, technology and team oversight. This free bank focuses on knowledge MCQs supporting the knowledge/MCQ component of board preparation.
Time limit: Pilot logistics used a three-hour exam sitting; confirm your diet's timed duration in CISA instructions.
Exam fee: Application fee R1,995.00 (incl. VAT) + assessment (exam/RPL) R6,250.00 (incl. VAT) per CISA's published schedule; confirm before payment. Designation requires standard membership in good standing.

Keys to Passing

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

AMLC Prac (SA) Study Tips from Top Performers

1Map every control back to FICA duties: RMCP, CDD/EDD, record-keeping, CTR/STR/TPR and TFS — examiners reward statutory grounding, not generic global AML slogans alone.

2Drill red-flag typologies (structuring, layering, TBML, PF, correspondent nesting) paired with the correct response path: alert → investigate → escalate/report without tipping-off.

3Attend CISA's compulsory prep session and dry runs for your diet, and keep a personal digest of FIC guidance updates (especially CTR threshold and sanctions/TFS expectations).

Frequently Asked Questions

What is AMLC Prac (SA)?

Anti-Money Laundering Compliance Practitioner (SA) is a SAQA-registered designation awarded by the Compliance Institute Southern Africa to eligible candidates who pass the board assessment (or RPL where applicable) and hold standard membership in good standing.

What topics does the AMLC Prac board exam cover?

CISA's competency profile covers the AML/AFC regulatory framework (e.g. FATF, FIC Act), risk-based approach and RMCP, CDD/EDD, transaction monitoring, detecting/investigating/reporting suspicious activity, advisory work, training oversight, continuous improvement, team management and AML technology.

How much does the AMLC Prac (SA) assessment cost?

CISA publishes an application fee for eligibility of R1,995.00 (incl. VAT) and an assessment fee (exam or RPL) of R6,250.00 (incl. VAT). Confirm current fees on the official programme page before applying.

Is this practice bank the full board exam format?

No. The live board exam is a closed-book CISA assessment that can include knowledge and applied/scenario components. This bank provides 100 multiple-choice knowledge questions to build FICA/AML fundamentals used in the MCQ/knowledge portion of preparation.