ACAMS Certified Cryptoasset Anti-Financial Crime Specialist Examination - CCAS FREE EXAM DUMPS QUESTIONS & ANSWERS]

Question 1

Misconfigured smart contracts can allow which type of scam to occur?

A. Phishing B. Ransomware C. Rug pull D. SIM

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Correct Answer: C Vote an answer

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Question 2

How should an investigator use transaction history to determine whether cryptoassets were previously involved in money laundering?

A. Assess other assets held by the cryptoasset owner. B. Assess the identity of the cryptoasset owner. C. Assess the cryptoasset addresses' receiving exposure to illicit activity. D. Assess the jurisdiction where the transactions took place.

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Correct Answer: C Vote an answer

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Question 3

Which is an example of "structuring" in crypto transactions?

A. Exchanging one crypto for another. B. Sending multiple sub-threshold transactions to avoid reporting. C. Using a decentralized exchange. D. Engaging in staking.

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Correct Answer: B Vote an answer

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Question 4

An analyst at a virtual asset service provider (VASP) that white-labels its exchange solution to other cross-border VASPs is developing a VASP onboarding procedure. Under Financial Action Task Force Recommendation 13, which CDD practices should be applied to such relationships? (Select Three.)

A. Obtain approval from the local supervisory authority B. Assess the VASP's supervision and if a license/registration is needed C. Obtain approval from senior management D. Assess the profitability of the VASP relationship E. Assess the nature and purpose of the VASP relationship

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Correct Answer: B,C,E Vote an answer

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Question 5

Which token type should be considered as carrying the highest risk when assessing the AML risks related to the customer's source of funds?

A. Privacy B. Stablecoin C. Platform D. Security

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Correct Answer: A Vote an answer

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Question 6

In cryptoasset AML programs, "ongoing monitoring" means:

A. Checking customer activity only when onboarding B. Freezing all suspicious accounts C. Continuous review of transactions to detect anomalies D. Only screening customers for sanctions once

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Correct Answer: C Vote an answer

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