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Good News !!! CCAS Certified Cryptoasset Anti-Financial Crime Specialist Examination is now Stable and With Pass Result

CCAS Practice Exam Questions and Answers

Certified Cryptoasset Anti-Financial Crime Specialist Examination

Last Update 1 day ago
Total Questions : 100

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Question # 1

What is indirect exposure in regards to blockchain analytics transaction monitoring?

Options:

A.  

The cryptoassets are absolutely linked to a specific user and identity on the blockchain.

B.  

The cryptoassets have a connection to risky activity via another crypto address or addresses.

C.  

The cryptoassets went through a mixing protocol to conceal source of funds.

D.  

The fiat currency is not immediately linked to a known bank account.

Discussion 0
Question # 2

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?

Options:

A.  

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.

B.  

Freeze accounts with records of transactions related to P2P transactions or unhosted wallets.

C.  

Collect and assess the data on transactions related to P2P or unhosted wallets to determine if it is within its risk appetite.

D.  

Enhance existing risk-based control framework to account for specific risks posed by transactions related to P2P or unhosted wallets.

Discussion 0
Question # 3

Which scenario most likely indicates potential active involvement of a customer in virtual asset related scam activities?

Options:

A.  

Indirect receiving from a scam cluster

B.  

Indirect sending to a scam cluster

C.  

Direct sending to a scam cluster

D.  

Direct receiving from a scam cluster

Discussion 0
Question # 4

Which type of wallet poses the highest AML risk?

Options:

A.  

Exchange hot wallet

B.  

Custodial wallet

C.  

Unhosted wallet

D.  

Multi-signature wallet

Discussion 0
Question # 5

Which statement describes what a staff member should do If suspicious activity is identified?

Options:

A.  

Inform the customer of concerns about thesuspicious activity to obtain clarification.

B.  

Report thesuspicious activity immediately to the financialinvestigation unit.

C.  

Report the suspicious activity immediatelyto the designated Money Laundering Reporting Officer

D.  

Monitor thecustomer's transactions for thenext 6 months to analyze the customer's behavior

Discussion 0
Question # 6

If a VASP suspects a transaction involves a sanctioned entity, it must:

Options:

A.  

Report only if over USD 10,000

B.  

File a SAR and freeze assets if required by law

C.  

Wait for law enforcement confirmation

D.  

Cancel the customer account immediately without reporting

Discussion 0
Question # 7

What is a “smart contract”?

Options:

A.  

A legal agreement stored offline.

B.  

A self-executing code stored on blockchain.

C.  

A compliance monitoring tool.

D.  

A cold storage wallet type.

Discussion 0
Question # 8

What methods do criminals use to avoid clustering of crypto wallet addresses?

Options:

A.  

The address receives a large amount of cryptocurrency from another wallet address.

B.  

After receiving a large volume of crypto payments in the wallet, they are left there for a long period of time.

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.

Discussion 0
Question # 9

Which scenario most likely indicates active involvement of a customer in scam activities?

Options:

A.  

Indirect receiving from a scam cluster

B.  

Indirect sending to a scam cluster

C.  

Direct sending to a scam cluster

D.  

Direct receiving from a scam cluster

Discussion 0
Question # 10

In considering particular virtual asset products, services, or activities, which features should be considered by management?

Options:

A.  

Ability for other virtual asset service providers (VASPs) to utilize the service to provide services to their own customers.

B.  

Ability to mingle funds within wider pools.

C.  

Regulatory expectations.

D.  

Transaction volumes.

Discussion 0
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