ACAMS Certified Cryptoasset Anti-Financial Crime Specialist Examination

QUESTION NO: 1
Which FATF Recommendation specifically addresses virtual assets and VASPs?

A. R.12 B. R.20 C. R.22 D. R.15

Correct Answer: D

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QUESTION NO: 2
In the context of forensic cryptocurrency investigations, which statement best describes how attribution data are collected?

A. Gathered from a publicly available blockchain. B. Obtained automatically from the darknet. C. Taken from business-maintained records. D. Derived from public and non-public sources.

Correct Answer: D

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QUESTION NO: 3
A compliance officer is conducting a customer risk review. Which statements represent the highest level of customer risk? (Select Two.)

A. A student customer depositing 15,000 USD over a period of a month, using the funds to purchase cryptoassets that are sent to another virtual asset service provider B. A customer receiving cryptoassets daily from another virtual asset service provider located in a foreign jurisdiction which are then sent to a private wallet C. A business customer opting to pay suppliers in cryptoassets D. A customer who uses a virtual private network (VPN) connection to access the customer's account E. A customer located in a foreign country donating 10,000 USD worth of cryptoassets to a charity for veterans in the US

Correct Answer: A,B

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QUESTION NO: 4
Under FATF guidance, "unhosted wallets" are:

A. Wallets where users control private keys directly. B. Custodial wallets held by third parties. C. Wallets with multi-sig security. D. Wallets managed by regulated exchanges.

Correct Answer: A

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QUESTION NO: 5
Under the risk-based approach, firms must:

A. Only monitor transactions over USD 10,000 B. Apply the same level of due diligence to all customers C. Avoid onboarding high-risk customers D. Adjust controls based on customer and transaction risk level

Correct Answer: D

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QUESTION NO: 6
Which are essential components of an AML program for Customer Due Diligence (CDD)? (Select Three.)

A. Requirement for training of staff responsible for gathering CDD information B. Requirement to keep all information necessary to maintain a customer's risk profile C. Requirement to maintain an accurate and complete list of virtual assets exposed to high risk of misuse D. Procedures to address circumstances where the true identity of a customer is questionable E. Procedures to ensure that high-risk customers' IP addresses are subject to ongoing monitoring F. Procedures to annually review all clients

Correct Answer: A,B,D

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QUESTION NO: 7
Which metric is most relevant for assessing liquidity risk in a cryptoasset exchange?

A. Number of listed tokens B. Blockchain confirmation times C. Wallet address count D. Order book depth and spread

Correct Answer: D

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QUESTION NO: 8
Which activity is most commonly associated with mixing and tumbling as a method of laundering cryptoassets?

A. Rapid purchase and sale of different cryptocurrencies B. Frequent transactions to high-risk jurisdictions via different virtual asset service providers C. Presence of unknown or disguised source of funds D. Use of IP address concealing software

Correct Answer: C

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ACAMS Certified Cryptoasset Anti-Financial Crime Specialist Examination - CCAS Exam Questions