Real ACAMS CCAS Exam Questions [Updated 2025]
CCAS Exam Dumps Pass with Updated 2025 Certified Cryptoasset Anti-Financial Crime Specialist Examination
ACAMS CCAS Exam Syllabus Topics:
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NEW QUESTION # 26
A virtual asset service provider (VASP) is using public information on the blockchain to trace a wallet address. Which additional step is necessary to identify the owner or controller of that address?
- A. Acquire information to connect the wallet address to a natural person.
- B. Review the wallet address information periodically.
- C. Obtain further information connecting wallet address to virtual asset transactions.
- D. Screen the wallet address for any historical transaction activity.
Answer: A
Explanation:
Public blockchain data is pseudonymous, meaning wallet addresses alone do not reveal the owner's identity. To identify the natural person controlling the wallet, the VASP must acquire additional information, typically through customer due diligence (CDD) processes or data obtained from exchanges and counterparties, linking the wallet address to an individual.
Periodic review (A), transaction screening (C), and obtaining transactional data (D) support ongoing monitoring but do not alone establish identity.
AML and FATF guidance emphasize that ownership linkage requires collecting identifying information beyond blockchain data to comply with AML regulations.
NEW QUESTION # 27
What methods do criminals use to avoid clustering of crypto wallet addresses?
- A. After receiving a large volume of crypto payments in the wallet, they are left there for a long period of time.
- B. The address receives a large amount of cryptocurrency from another wallet address.
- C. The cryptoassets are moved to the exchange after a large number of hops within a short period of time.
- D. A small portion of cryptoassets is moved to an exchange, and the rest remain in the wallet.
Answer: C
Explanation:
Criminals often move cryptoassets through multiple intermediary wallets (many "hops") rapidly to obfuscate the transaction trail and avoid clustering, which blockchain analytics use to link related addresses.
Simply receiving large amounts (A), holding assets (B), or splitting movements (D) are less effective at preventing clustering.
NEW QUESTION # 28
What is a "smart contract"?
- A. A legal agreement stored offline.
- B. A cold storage wallet type.
- C. A compliance monitoring tool.
- D. A self-executing code stored on blockchain.
Answer: D
Explanation:
Smart contracts execute predetermined conditions automatically on blockchain, enabling decentralized applications and services.
NEW QUESTION # 29
Which is the first action a virtual asset service provider (VASP) should take when it finds out that its customers are engaging in virtual asset (VA) transfers related to unhosted wallets and peer-to-peer (P2P) transactions?
- A. Collect and assess the data on transactions related to P2P or unhosted wallets to determine if it is within its risk appetite.
- B. Freeze accounts with records of transactions related to P2P transactions or unhosted wallets.
- C. Allow VA transfers related P2P or unhosted wallets below 1,000 USD or the equivalent amount in local currency, or per defined thresholds in local regulations.
- D. Enhance existing risk-based control framework to account for specific risks posed by transactions related to P2P or unhosted wallets.
Answer: A
Explanation:
Upon identifying customer engagement with unhosted wallets or P2P transfers, the first step a VASP should take is to collect and assess data on such transactions. This assessment helps determine if these activities fall within the firm's risk appetite and what enhanced controls or actions may be needed.
Immediate account freezing (B) is not the first step without assessment; neither is allowing transfers (A) without risk consideration. Enhancing risk frameworks (D) is important but follows from an initial data-driven risk assessment.
Relevant guidance:
FATF Recommendations and DFSA AML Module require VASPs to maintain a risk-based approach that begins with data collection and risk assessment on unhosted wallet transactions.
The DFSA's 2023 Dear MLRO letters and thematic reviews stress proportionality and evidence-based responses rather than immediate punitive measures.
Enhanced due diligence (EDD) and risk mitigation measures, including potentially freezing accounts, come after assessment of the risk level【AML/VER25/05-24: Sections 4.1, 6.4, 13; 20230406Dear_MLRO_Letter_re_IEMS.pdf】.
Hence, C is the appropriate first action.
NEW QUESTION # 30
What is the most pertinent item for a cryptoasset money services business to include in a suspicious activity report?
- A. All types of cryptocurrencies purchased by the subject, including aggregate total of each and fiat currency equivalent
- B. The aggregate total amount of fiat currency used by the subject to purchase cryptocurrency
- C. The subject's account onboarding information not otherwise included in the counter-party information section
- D. The names of every owner of the destination wallet address(es) to which the subject sent transactions during the review period
Answer: A
Explanation:
SARs should include detailed transactional information to support investigations, including all types and aggregate amounts of cryptocurrencies purchased, along with fiat currency equivalents. This information provides a clear picture of the subject's activity and financial scale.
Owner names of destination wallets (B) may not be available; onboarding info (D) is supplementary, and fiat aggregate totals (C) alone are insufficient.
FATF and DFSA guidance recommend comprehensive transactional data inclusion in SARs to facilitate law enforcement.
NEW QUESTION # 31
Which Is the general consensus among Jurisdictions who have performed a national risk assessment about cryptoasset activities conducted in their countries?
- A. There Is a rising level of money laundering risks related lo cryptoasset activities
- B. With increased awareness about cryptoasset activities, the money laundering risk levels become lower.
- C. The level of money laundering risk linked to cryptoasset activities is very dependent on a country's geographical position.
Answer: A
Explanation:
D, Where the adoption rate of digital banking Is high, a decreased level of money laundering risks related to cryptoasset activities is reported Explanation:
National risk assessments conducted across various jurisdictions consistently report that money laundering risks related to cryptoasset activities are rising. The growing adoption, complexity, and use of cryptoassets for illicit purposes contribute to elevated risk levels.
While geography (B), awareness (C), and digital banking adoption (D) can influence risk factors, the overarching trend is an increase in ML risks tied to cryptoassets.
This conclusion is supported by FATF's global guidance and numerous national risk assessment reports reviewed by the DFSA and related authorities
NEW QUESTION # 32
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. Security
- B. Privacy
- C. Platform
- D. Stablecoin
Answer: B
Explanation:
Privacy tokens are specifically designed to obfuscate transaction details such as sender, recipient, and amounts, making them inherently high risk for money laundering and terrorist financing. Their anonymity-enhanced features pose significant challenges to AML efforts.
Stablecoins (B), platform tokens (C), and security tokens (D) have varying risk profiles but generally provide more transparency or are subject to regulatory frameworks, reducing inherent AML risk compared to privacy tokens.
FATF and DFSA AML frameworks highlight privacy tokens as a priority for enhanced due diligence and risk mitigation due to their abuse potential.
NEW QUESTION # 33
In a blockchain 51% attack, what does 51% refer to?
- A. Computational power required for mining
- B. Governance tokens
- C. Wallets
- D. Exchanges
Answer: A
Explanation:
A 51% attack refers to a situation where a single miner or group controls more than 50% of the blockchain network's computational (hashing) power. This majority control allows them to manipulate the blockchain ledger by double-spending or blocking transactions.
This term is widely recognized in blockchain security contexts and is referenced in typology papers on crypto financial crime risks, including those issued by UAE authorities and FATF.
Supporting extracts:
DFSA AML thematic reviews mention the risk of manipulation and double spending in blockchains susceptible to 51% attacks.
Typology reports on cryptoasset risks highlight computational power concentration as a core vulnerability.
"51% refers to the percentage of total mining power or computational power in the network" is the standard definition across crypto AML/CFT frameworks【31.92._TFS_Typology_Paper_Eng__4.pdf; AMLCFT_Guidance_for_FIs.pdf】.
Thus, C is correct.
NEW QUESTION # 34
Which business category below is considered to present the highest risk of money laundering?
- A. Law firm
- B. Art dealer
- C. Pharmaceutical company
- D. Registered hedge fund
Answer: B
Explanation:
Art dealers present a high money laundering risk due to the subjective valuation of art, ease of transferring assets, and the potential for using art as a vehicle to conceal illicit funds.
Registered hedge funds (A) and law firms (C) have AML obligations but are generally more regulated. Pharmaceutical companies (B) are less associated with high ML risk.
The DFSA AML and FATF typology papers specifically identify art dealing as a sector with heightened ML risk.
NEW QUESTION # 35
A compliance officer is conducting a customer risk review. Which statements represent the highest level of customer risk? (Select Two.)
- A. A customer who uses a virtual private network (VPN) connection to access the customer's account
- 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 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
- D. A business customer opting to pay suppliers in cryptoassets
- E. A customer located in a foreign country donating 10,000 USD worth of cryptoassets to a charity for veterans in the US
Answer: B,C
Explanation:
When determining highest-risk customers under a risk-based approach, firms must consider transaction patterns, jurisdictions, counterparties, and destinations:
B: Large deposits by a student, rapidly converting to crypto and sending to another VASP, suggest potential layering and third-party funding risk.
D: Daily inbound transfers from a foreign VASP to a private (unhosted) wallet indicate consistent high-risk exposure - especially cross-border transactions involving unregulated or weakly regulated jurisdictions.
While VPN use (A) can be a red flag, on its own it is lower risk than significant suspicious fund flows. Paying suppliers in crypto (C) can be legitimate for businesses. A large donation to a charity (E) could be flagged depending on jurisdiction and cause, but is generally less inherently suspicious than B and D unless linked to high-risk entities.
FATF, DFSA, and FSRA AML rules stress that ongoing monitoring should identify these high-frequency, high-value, cross-border crypto flows as priority for Enhanced Due Diligence (EDD) and possible Suspicious Transaction Reports (STRs).
NEW QUESTION # 36
An exchange uses blockchain analytics to identify high-risk wallet clusters. This is an example of:
- A. On-chain forensic analysis
- B. KYC
- C. Transaction screening
- D. Custodial control
Answer: A
Explanation:
On-chain forensic analysis uses blockchain data to detect illicit wallet patterns and cluster associations.
NEW QUESTION # 37
Which blockchain type is accessible only to a single organization?
- A. Consortium
- B. Private
- C. Hybrid
- D. Public
Answer: B
Explanation:
Private blockchains are controlled by a single organization with full access restrictions. This model is often used for internal record-keeping but lacks the decentralized trust of public chains.
NEW QUESTION # 38
Which virtual asset relies on an account-based ledger model?
- A. Litecoin
- B. Bitcoin
- C. Ethereum
- D. Monero
Answer: C
Explanation:
Ethereum uses an account-based ledger model where balances are maintained per account, similar to bank accounts, and transactions update balances directly. This differs from Bitcoin, Litecoin, and Monero, which use the UTXO (Unspent Transaction Output) model.
Understanding ledger models is important for AML transaction monitoring and blockchain analytics, as account-based systems enable different tracking and risk assessment approaches.
NEW QUESTION # 39
Which is a type of restricted blockchain?
- A. Private
- B. Consortium
- C. Hybrid
- D. Public
Answer: B
Explanation:
A restricted blockchain is one where participation-either in transaction validation, data access, or both-is limited to selected entities rather than being open to the public.
Consortium blockchain (D) is a common type of restricted blockchain in which multiple pre-approved organizations collectively manage the network. It offers partial decentralization but with controlled membership, making it suitable for regulated environments such as financial services, supply chain tracking, and interbank settlements.
Other options explained:
Hybrid (A): Combines elements of public and private chains, but not necessarily "restricted" in the strict governance sense.
Public (B): Open to anyone to join, read, and write data; not restricted.
Private (C): While private blockchains are also restricted, in AML/CFT guidance, "restricted blockchain" generally refers to consortium arrangements involving multiple vetted participants, rather than a single organization's closed chain.
Regulatory and technical literature in DIFC/ADGM contexts note that consortium blockchains allow for compliance controls, participant vetting, and transaction monitoring-making them particularly suitable for financial ecosystems where controlled access is essential.
NEW QUESTION # 40
What is indirect exposure in regards to blockchain analytics transaction monitoring?
- A. The fiat currency is not immediately linked to a known bank account.
- B. The cryptoassets have a connection to risky activity via another crypto address or addresses.
- C. The cryptoassets are absolutely linked to a specific user and identity on the blockchain.
- D. The cryptoassets went through a mixing protocol to conceal source of funds.
Answer: B
Explanation:
Indirect exposure refers to a situation where cryptoassets are not directly associated with illicit activity but have transactional links through other addresses that are associated with risky or illicit behavior. Blockchain analytics tools detect these indirect links to flagged addresses, allowing firms to assess risk based on network connections rather than direct ownership or activity.
The DFSA AML guidance and international FATF Virtual Assets guidance explain that indirect exposure is a critical concept for transaction monitoring as it broadens the detection scope beyond direct transactions, flagging assets that might be "tainted" through intermediary addresses.
Reference:
FATF Guidance on Virtual Assets and VASPs emphasizes monitoring both direct and indirect exposure of wallets to illicit activity.
DFSA AML Module Section 13 on Suspicious Activity Reports requires firms to incorporate indirect exposure assessments in their monitoring systems【AML/VER25/05-24: Sections 4.1, 6.3, 13.3; FATF VA Guidance 2021】.
Therefore, B is the correct definition.
NEW QUESTION # 41
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