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| Topic | Details |
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| Topic 1 | - Risk Management Programs for Cryptoasset and Blockchain: This section measures expertise of Compliance Managers and Risk Officers in developing and implementing risk management frameworks specifically for the crypto sector. It includes procedures for assessing crypto-related financial crime risks, designing controls, monitoring compliance, and adapting to emerging threats within the cryptoasset ecosystem.
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| Topic 2 | - AML Foundations for Cryptoasset and Blockchain: This section of the exam measures skills of Anti-Money Laundering (AML) Officers and Crypto Compliance Specialists. It covers foundational knowledge of AML principles tailored to the cryptoasset and blockchain environment, introducing the regulatory landscape, typologies of financial crime, and the evolving risks associated with cryptoassets.
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| Topic 3 | - Cryptoasset and Blockchain: This domain targets Blockchain Analysts and Crypto Risk Managers. It focuses on understanding cryptoasset technologies, blockchain fundamentals, and their operational characteristics. Candidates learn about cryptoasset transaction flows, wallets, exchanges, smart contracts, and the challenges these present to financial crime prevention.
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ACAMS CCAS Exam Questions in Convenient PDF Format
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ACAMS Certified Cryptoasset Anti-Financial Crime Specialist Examination Sample Questions (Q73-Q78):
NEW QUESTION # 73
Which level of an organization is ultimately responsible for risk oversight?
- A. 2nd line compliance team
- B. Chief risk officer
- C. 1st line compliance team
- D. Board of directors
Answer: D
Explanation:
The ultimate responsibility for risk oversight lies with the Board of Directors. Senior management and the board have the fiduciary and governance duty to ensure that an effective risk management framework, including AML/CFT controls and cryptoasset-specific risks, is in place and functioning properly.
The DFSA GEN Module and AML Module explicitly allocate the highest accountability for compliance and risk oversight to the Board of Directors, while first and second lines support implementation and oversight respectively. The Chief Risk Officer (CRO) supports risk management but the board maintains ultimate accountability.
Key extracts:
GEN Module, Chapter 5: "Responsibility for compliance lies with every member of senior management, with ultimate oversight by the Board." AML Module Section 1.2 & 4.1: "Senior management and Board must ensure appropriate systems and controls for AML/CFT risk management." FATF Recommendation 2 underscores that senior management and boards are accountable for effective AML governance【GEN/VER64/05-24: Chapter 5; AML/VER25/05-24: Sections 1.2, 4.1】.
Thus, D is the correct answer.
NEW QUESTION # 74
A firm using blockchain analytics finds an address that sent funds through multiple hops before reaching a darknet market wallet. This is an example of:
- A. Mixing
- B. Transaction batching
- C. Indirect exposure
- D. Direct exposure
Answer: C
Explanation:
Indirect exposure occurs when funds pass through one or more intermediary wallets before reaching a known illicit destination. This requires enhanced monitoring to capture risks that are not directly linked but are part of the transaction chain.
NEW QUESTION # 75
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 # 76
Which term describes converting one cryptoasset into another without first converting to fiat?
- A. Integration
- B. Layering
- C. Chain hopping
- D. Structuring
Answer: C
Explanation:
Chain hopping involves moving between blockchains to make tracing harder, often exploiting regulatory gaps.
NEW QUESTION # 77
Which of the following would you review as part of standard due diligence? (Select Two.)
- A. Dark web forums
- B. Negative news
- C. Beneficial ownership
- D. Blockchain exposure
Answer: B,C
Explanation:
Standard due diligence typically involves reviewing negative news and verifying beneficial ownership to understand the customer's background and potential risk factors.
Dark web forums (B) and blockchain exposure (D) are more advanced or enhanced due diligence techniques, used when higher risk is identified.
NEW QUESTION # 78
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