CCAS by ACAMS Actual Free Exam Questions And Answers

Question 1

A compliance officer at an exchange who is conducting an annual risk assessment identifies an increased volume of transactions to and from unhosted wallets. Based on Financial Action Task Force guidance, which inherent risk rating would be most appropriate for the compliance officer to assign to such activities?

A. Moderate

B. Negligible

C. Low

D. High

Discussion 0

Correct Answer: D Vote an answer

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Question 2

Which is the most important consideration when assessing compromise risks when creating a decentralized finance protocol or smart contract?

A. Government regulation

B. Security token standard

C. Code uniqueness

D. Dual authentication protocols

Discussion 0

Correct Answer: C Vote an answer

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Question 3

Which virtual asset relies on an account-based ledger model?

A. Monero

B. Ethereum

C. Bitcoin

D. Litecoin

Discussion 0

Correct Answer: B Vote an answer

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Question 4

According to me Financial Action Task Force's (FATF's> definition of virtual asset service provider (VASP), for which activity is an entity required to be licensee or registered as a VASP in the jurisdiction(s) where they are created?

A. Operating blockchain nodes

B. Safekeeping and/or administration of virtual assets and exchange between one or more forms of virtual assets

C. Virtual money service businesses

D. Cryptocurrency mining operations

Discussion 0

Correct Answer: B Vote an answer

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Question 5

In the context of forensic cryptocurrency investigations, which statement best describes how attribution data are collected?

A. Obtained automatically from the darknet.

B. Gathered from a publicly available blockchain.

C. Taken from business-maintained records.

D. Derived from public and non-public sources.

Discussion 0

Correct Answer: D Vote an answer

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Question 6

Which is a primary benefit of blockchain transparency for AML compliance?

A. Automatic sanctions screening

B. Real-time price tracking

C. Ability to trace historical transactions

D. Reducing market volatility

Discussion 0

Correct Answer: C Vote an answer

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Question 7

Which blockchain type is accessible only to a single organization?

A. Private

B. Public

C. Hybrid

D. Consortium

Discussion 0

Correct Answer: A Vote an answer

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Question 8

What is a "smart contract"?

A. A self-executing code stored on blockchain.

B. A compliance monitoring tool.

C. A legal agreement stored offline.

D. A cold storage wallet type.

Discussion 0

Correct Answer: A Vote an answer

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ACAMS Certified Cryptoasset Anti-Financial Crime Specialist Examination - CCAS Exam Practice Test

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