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CCAS Certified Cryptoasset Anti-Financial Crime Specialist Examination is now Stable and With Pass Result | Test Your Knowledge for Free

CCAS Practice Questions

Certified Cryptoasset Anti-Financial Crime Specialist Examination

Last Update 4 days ago
Total Questions : 100

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Our free AML Certifications practice questions crafted to reflect the domains and difficulty of the actual exam. The detailed rationales explain the 'why' behind each answer, reinforcing key concepts about CCAS. Use this test to pinpoint which areas you need to focus your study on.

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Question # 11

Which blockchain feature ensures that once a block is added, it cannot be altered without network consensus?

Options:

A.  

Consensus algorithm

B.  

Hash immutability

C.  

Tokenization

D.  

Peer-to-peer networking

Discussion 0
Question # 12

Which Is the general consensus among Jurisdictions who have performed a national risk assessment about cryptoasset activities conducted in their countries?

Options:

A.  

There Is a rising level of money laundering risks related lo cryptoasset activities

B.  

The levelof money laundering risk linked to cryptoasset activities is very dependent on a country's geographical position.

C.  

With increased awareness about cryptoasset activities, themoney laundering risk levels becomelower.

D, Where the adoption rate of digital banking Is high, a decreased level of money laundering risks related to cryptoasset activities is reported

Discussion 0
Question # 13

Which are essential components of an AML program for Customer Due Diligence (CDD)? (Select Three.)

Options:

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 annually review all clients

E.  

Procedures to ensure that high-risk customers' IP addresses are subject to ongoing monitoring

F.  

Procedures to address circumstances where the true identity of a customer is questionable

Discussion 0
Question # 14

Which cryptoasset type is most associated with anonymity risk?

Options:

A.  

Privacy coin

B.  

Stablecoin

C.  

Governance token

D.  

Security token

Discussion 0
Question # 15

An exchange uses blockchain analytics to identify high-risk wallet clusters. This is an example of:

Options:

A.  

Transaction screening

B.  

KYC

C.  

On-chain forensic analysis

D.  

Custodial control

Discussion 0
Question # 16

According to the Financial Action Task Force report, "Virtual Assets Red Flag Indicators", which activity is a red flag related to anonymity?

Options:

A.  

Executing multiple high-value transactions after a period of inactivity from the client

B.  

Engaging in abnormal transactional activity of virtual assets cashed out at exchanges from peer-to-peer hosted wallets with no logical business explanation

C.  

Making frequent transfers in a certain period of time (e.g., a day, a week, a month) to the same virtual asset account with a well-known virtual asset service provider

D.  

Conducting Bitcoin-fiat currency exchanges at a potential loss

Discussion 0
Question # 17

According to the Financial Crimes Enforcement Network's Guidance 2019-G0001 pertaining to convertible virtual currencies, a money transmitter includes companies that:

Options:

A.  

Exchange digital tokens.

B.  

Provide the delivery, communication, or network access services to only support money transmission services.

C.  

Operate a clearance and settlement system or otherwise act as intermediaries solely between Bank Secrecy Act-regulated institutions.

D.  

Act as payment processors to facilitate the purchase of, or payment of a bill for, a good or service through a clearance and settlement system.

Discussion 0
Question # 18

Based on Financial Action Task Force guidance, when a cryptoasset exchange carries out an occasional transaction, the exchange is required to conduct CDD when the transaction is above:

Options:

A.  

USD/EUR 1000.

B.  

USD/EUR 5000.

C.  

USD/EUR 10000.

D.  

USD/EUR 15000.

Discussion 0
Question # 19

Which is an example of “structuring” in crypto transactions?

Options:

A.  

Sending multiple sub-threshold transactions to avoid reporting.

B.  

Exchanging one crypto for another.

C.  

Using a decentralized exchange.

D.  

Engaging in staking.

Discussion 0
Question # 20

Which blockchain features built-in privacy measures to prevent tracing and conceal ownership and flow of illicit funds?

Options:

A.  

Cardano

B.  

Polygon

C.  

Ethereum

D.  

Monero

Discussion 0
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