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| Certification Vendor: | ACAMS |
|---|---|
| Exam Name: | Certified Cryptoasset Anti-Financial Crime Specialist Examination |
| Exam Number: | CCAS |
| Related Certifications: | CAMS (Certified Anti-Money Laundering Specialist) |
| Passing Score: | 75% |
| Real Exam Qty: | 100 |
| Exam Duration: | 175 minutes |
| Exam Format: | Multiple choice, Multiple response |
| Available Languages: | English |
| Exam Price: | $1,495 - $1,995 USD |
| Certificate Validity Period: | 2 years |
| Recommended Training: | ACAMS Cryptoasset Training Courses CCAS Official Study Guide |
| Exam Registration: | Official Registration Exam Scheduling |
| Sample Questions: | ACAMS CCAS Sample Questions |
| Exam Way: | Computer-based testing: at Pearson VUE test centers or online proctored (OnVUE) |
| Pre Condition: | Active ACAMS membership; minimum 40 eligibility credits via education, training or professional experience; recommended 18–24 months of financial crime compliance experience |
| Official Syllabus URL: | https://www.acams.org/en/certifications/certified-cryptoasset-anti-financial-crime-specialist-certification-ccas |
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NEW QUESTION # 50
A compliance officer Is assigned a group of customers. Which action should the officer fake to determine the appropriate level of customer due diligence apply to each customer?
Answer: C
Explanation:
A risk-based approach to customer due diligence requires considering all relevant risk factors including customer profile, the nature and purpose of the account or relationship, geographic risks, transaction patterns, and other relevant factors. This ensures that CDD intensity is commensurate with assessed risk.
Assessing only location (A) or transaction thresholds (B) is insufficient alone. Applying uniform CDD measures (C) contradicts the risk-based approach advocated by FATF and DFSA regulations.
DFSA AML guidance explicitly requires comprehensive risk assessment considering multiple variables to determine appropriate due diligence levels.
NEW QUESTION # 51
Under the risk-based approach, firms must:
Answer: B
Explanation:
The risk-based approach requires tailoring AML/CFT controls to the level of assessed risk, enhancing due diligence for higher-risk customers.
NEW QUESTION # 52
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?
Answer: C
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 # 53
A compliance officer at an exchange who is conducting an annual risk assessment identifies an increased volume of transactions to and from unhosted wallets. Based on Financial Action Task Force guidance, which inherent risk rating would be most appropriate for the compliance officer to assign to such activities?
Answer: C
Explanation:
The Financial Action Task Force (FATF) guidance on Virtual Assets and Virtual Asset Service Providers (VASPs) explicitly highlights that transactions involving unhosted wallets (wallets not held or controlled by a regulated entity) pose a high inherent risk for money laundering and terrorist financing. This is because unhosted wallets are more difficult to monitor and control, lack identifiable customer information, and are often exploited for illicit activities.
The DFSA AML Module, aligned with FATF recommendations, mandates that Relevant Persons incorporate this risk into their business-wide risk assessments. The increased volume of transactions to and from unhosted wallets should therefore be assigned a high inherent risk rating to trigger enhanced controls such as enhanced due diligence (EDD) and transaction monitoring.
Supporting extracts include:
FATF Guidance on Virtual Assets (October 2021) states: "Unhosted wallets or transactions with them represent a high risk of ML/TF due to limited or no access to identifying information." DFSA AML Module (AML/VER25/05-24) Section 4.1 & 6.1 on Risk-Based Approach: mandates firms to assess and rate risks posed by customers and products, explicitly including virtual assets and unhosted wallets as high risk.
COB Module also requires heightened controls and disclosures when dealing with transactions involving unhosted wallets【AML/VER25/05-24: Sections 4.1, 6.1, COB/VER45/05-24: Sections 6.13, 15.6】.
Thus, option D (High) is the correct risk rating.
NEW QUESTION # 54
Which governance function is ultimately responsible for approving AML/CFT policies?
Answer: D
Explanation:
The Board holds ultimate responsibility for policy approval under DFSA and FSRA AML rules, ensuring senior-level oversight.
NEW QUESTION # 55
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