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Acams CCAS Exam Questions

Acams CCAS Exam Questions Answers

Certified Cryptoasset Anti-Financial Crime Specialist Examination

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Acams CCAS Practice Test Questions ( Updated) – Real Exam Questions & Dumps PDF

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Acams CCAS Sample Questions – Free Practice Test & Real Exam Prep

Question #1

Which governance function is ultimately responsible for approving AML/CFT policies? 

  • A. MLRO 
  • B. Board of Directors 
  • C. Compliance officer 
  • D. Chief Executive Officer
Answer: B 
Explanation:  
The Board holds ultimate responsibility for policy approval under DFSA and FSRA AML rules, ensuring 
senior-level oversight.
Question #2

Which is a primary benefit of blockchain transparency for AML compliance? 

  • A. Real-time price tracking 
  • B. Ability to trace historical transactions 
  • C. Reducing market volatility 
  • D. Automatic sanctions screening
Answer: B 
Explanation:  
Blockchains transparent ledger enables investigators to trace transaction histories indefinitely, 
aiding ML/TF detection.
Question #3

Under FATF guidance, œunhosted wallets  are: 

  • A. Wallets managed by regulated exchanges. 
  • B. Wallets where users control private keys directly. 
  • C. Custodial wallets held by third parties. 
  • D. Wallets with multi-sig security. 
Answer: B 
Explanation: 
Unhosted wallets are self-custody wallets controlled directly by the user without third-party 
oversight, posing higher anonymity and AML risks.
Question #4

Which type of blockchain is jointly operated by multiple pre-approved organizations? 

  • A. Public 
  • B. Consortium 
  • C. Private 
  • D. Hybrid 
Answer: B 
Explanation:  
Consortium blockchains are semi-private networks where governance is shared among authorized 
participants, offering a balance between decentralization and access control.
Question #5

Which metric is most relevant for assessing liquidity risk in a cryptoasset exchange? 

  • A. Number of listed tokens 
  • B. Order book depth and spread 
  • C. Blockchain confirmation times 
  • D. Wallet address count 
Answer: B 
Explanation:  
Liquidity risk assessment focuses on the ability to execute trades without large price swings, which is 
reflected in order book depth and bid-ask spreads.
Question #6

The œindirect exposure  concept in blockchain analytics means: 

  • A. Funds directly linked to illicit addresses. 
  • B. Funds linked via intermediary addresses. 
  • C. Funds sent to OTC brokers. 
  • D. Funds held in a cold wallet.
Answer: B 
Explanation:  
Indirect exposure refers to connections through one or more hops to illicit addresses. This requires 
robust transaction chain analysis to detect hidden ML/TF risk.

Question #7

What is a œtoken burn ? 

  • A. Destroying tokens to reduce supply. 
  • B. Sending tokens to a liquidity pool. 
  • C. Transferring tokens to an OTC desk. 
  • D. Locking tokens in staking.
Answer: A 
Explanation:  
A token burn is the deliberate removal of tokens from circulation by sending them to an unspendable 
address. While sometimes legitimate, burns can also be misused for market manipulation.
Question #8

In cryptoasset compliance, œintegration  refers to: 

  • A. Converting illicit crypto into fiat or legitimate assets. 
  • B. Mixing crypto to hide origins. 
  • C. Transferring crypto between wallets. 
  • D. Staking assets to earn rewards. 
Answer: A 
Explanation:  
Integration is the final stage of money laundering, where illicit funds re-enter the economy 
appearing legitimate ” e.g., converting crypto into fiat via exchanges or buying assets.
Question #9

Under DIFC AML regulations, enhanced due diligence (EDD) is mandatory when: 

  • A. A customer is a domestic bank. 
  • B. The customer is from a high-risk jurisdiction. 
  • C. The transaction is above USD 1,000. 
  • D. The customer is a retail investor. 
Answer: B 
Explanation:  
EDD is required when dealing with customers or transactions from jurisdictions identified as high-risk 
for ML/TF. This aligns with FATF Recommendation 19 and local UAE regulations.
Question #10

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

  • A. Consensus algorithm 
  • B. Hash immutability 
  • C. Tokenization 
  • D. Peer-to-peer networking 
Answer: B 
Explanation:  
Hash immutability means that altering any transaction would require changing all subsequent blocks 
and achieving majority consensus. This security property underpins blockchain integrity and forensic 
traceability, crucial in AML investigations.
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