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| Topic | Details |
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| Topic 1 | - 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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| 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 | - 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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ACAMS Certified Cryptoasset Anti-Financial Crime Specialist Examination Sample Questions (Q24-Q29):
NEW QUESTION # 24
Which is a type of restricted blockchain?
- A. Public
- B. Private
- C. Hybrid
- D. Consortium
Answer: D
Explanation:
A restricted blockchain is one where participation-either in transaction validation, data access, or both-is limited to selected entities rather than being open to the public.
Consortium blockchain (D) is a common type of restricted blockchain in which multiple pre-approved organizations collectively manage the network. It offers partial decentralization but with controlled membership, making it suitable for regulated environments such as financial services, supply chain tracking, and interbank settlements.
Other options explained:
Hybrid (A): Combines elements of public and private chains, but not necessarily "restricted" in the strict governance sense.
Public (B): Open to anyone to join, read, and write data; not restricted.
Private (C): While private blockchains are also restricted, in AML/CFT guidance, "restricted blockchain" generally refers to consortium arrangements involving multiple vetted participants, rather than a single organization's closed chain.
Regulatory and technical literature in DIFC/ADGM contexts note that consortium blockchains allow for compliance controls, participant vetting, and transaction monitoring-making them particularly suitable for financial ecosystems where controlled access is essential.
NEW QUESTION # 25
What is the purpose of a security audit in reason to smart contracts?
- A. To protect investors' funds by identifying weaknesses in the code or protocol
- B. To allow the developer to confirm that the code does not violate copyright
- C. To Identify bad actors that ace seeking to misuse the smart contract
- D. To identify any outdated functions or performance issues
Answer: A
Explanation:
The primary purpose of a security audit for smart contracts is to protect investors' funds by identifying vulnerabilities, coding errors, and weaknesses in the smart contract or underlying protocol that could be exploited. This proactive approach helps prevent hacks, exploits, and financial loss.
While performance issues (B) may be noted, the critical concern is security. Identifying bad actors (C) is not within the scope of a code audit but is a broader operational issue. Copyright concerns (A) are unrelated.
AML and crypto governance frameworks underline the importance of security audits to mitigate operational risks in DeFi and other smart contract-based applications.
NEW QUESTION # 26
Which is an example of "structuring" in crypto transactions?
- A. Sending multiple sub-threshold transactions to avoid reporting.
- B. Using a decentralized exchange.
- C. Exchanging one crypto for another.
- D. Engaging in staking.
Answer: A
Explanation:
Structuring (smurfing) involves breaking transactions into smaller amounts to evade AML reporting thresholds, a classic ML tactic.
NEW QUESTION # 27
In a blockchain 51% attack, what does 51% refer to?
- A. Governance tokens
- B. Computational power required for mining
- C. Wallets
- D. Exchanges
Answer: B
Explanation:
A 51% attack refers to a situation where a single miner or group controls more than 50% of the blockchain network's computational (hashing) power. This majority control allows them to manipulate the blockchain ledger by double-spending or blocking transactions.
This term is widely recognized in blockchain security contexts and is referenced in typology papers on crypto financial crime risks, including those issued by UAE authorities and FATF.
Supporting extracts:
DFSA AML thematic reviews mention the risk of manipulation and double spending in blockchains susceptible to 51% attacks.
Typology reports on cryptoasset risks highlight computational power concentration as a core vulnerability.
"51% refers to the percentage of total mining power or computational power in the network" is the standard definition across crypto AML/CFT frameworks【31.92._TFS_Typology_Paper_Eng__4.pdf; AMLCFT_Guidance_for_FIs.pdf】.
Thus, C is correct.
NEW QUESTION # 28
Which scenario most likely indicates potential active involvement of a customer in virtual asset related scam activities?
- A. Indirect receiving from a scam cluster
- B. Indirect sending to a scam cluster
- C. Direct receiving from a scam cluster
- D. Direct sending to a scam cluster
Answer: D
Explanation:
Direct sending to a scam cluster indicates active involvement by the customer in potentially transferring funds associated with fraudulent activities. Sending funds directly to known scam addresses is a strong indicator of complicity or direct engagement.
Indirect flows (A and B) could be less conclusive, and direct receiving (D) may indicate victimhood rather than active involvement.
AML typologies and DFSA guidance identify direct outgoing transactions to scam clusters as significant red flags.
NEW QUESTION # 29
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