Pass Exam Questions Efficiently With CCAS Questions (2026) [Q26-Q42]

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Pass Exam Questions Efficiently With CCAS Questions (2026)

CCAS Questions – Truly Beneficial For Your ACAMS Exam

QUESTION 26
As per the Financial Action Task Force standards, which activities fall under the definition of a virtual asset service provider? (Select Three.)

Operation of a virtual assets mining facility

Exchange between one or more forms of virtual assets

Participation in and provision of financial services related to an initial coin offering

Exchange between virtual assets and fiat currencies

Creation of virtual assets software to issue decentralized managed virtual assets

Participation in and provision of financial services related to an initial public offering

QUESTION 27
Which statement regarding cryptocurrencies, digital assets, and blockchain is correct?

Cryptocurrencies use encryption techniques operating independently from a central bank.

Cryptocurrencies and blockchain are the same and are terms used interchangeably.

Digital assets can only operate on a blockchain.

Cryptocurrencies, blockchain, and digital assets can all be used as a means of payment.

QUESTION 28
Which level of an organization is ultimately responsible for risk oversight?

1st line compliance team

2nd line compliance team

Chief risk officer

Board of directors

QUESTION 29
What is the purpose of a security audit in reason to smart contracts?

To allow the developer to confirm that the code does not violate copyright

To identify any outdated functions or performance issues

To Identify bad actors that ace seeking to misuse the smart contract

To protect investors’ funds by identifying weaknesses in the code or protocol

QUESTION 30
Which risk category covers threats from ransomware actors demanding payment in cryptoassets?

Operational risk

Counterparty risk

Cyber-enabled financial crime risk

Liquidity risk

QUESTION 31
Which activity should be detected as a red flag during the customer onboarding stage and further investigated?

Receipt of a law enforcement request to examine transactions on the customer’s account

The applicant being located in the same jurisdiction as the virtual asset service provider

The use of a foreign identification document by an immigrant

Sharing of the same IP address by multiple customers

QUESTION 32
Which blockchain type is accessible only to a single organization?

Public

Private

Consortium

Hybrid

QUESTION 33
Which is a core component of customer due diligence (CDD)?

Transaction batching

Identity verification

Token staking

Node validation

QUESTION 34
Which is a type of restricted blockchain?

Hybrid

Public

Private

Consortium

QUESTION 35
According to the Financial Crimes Enforcement Network’s Guidance 2019-G0001 pertaining to convertible virtual currencies, a money transmitter includes companies that:

Exchange digital tokens.

Provide the delivery, communication, or network access services to only support money transmission services.

Operate a clearance and settlement system or otherwise act as intermediaries solely between Bank Secrecy Act-regulated institutions.

Act as payment processors to facilitate the purchase of, or payment of a bill for, a good or service through a clearance and settlement system.

QUESTION 36
A politically exposed person (PEP) opens a crypto account. What is the required action?

Treat as standard customer.

Apply EDD and senior management approval.

Decline onboarding.

Request a travel rule exemption.

QUESTION 37
Under FATF guidance, “unhosted wallets” are:

Wallets managed by regulated exchanges.

Wallets where users control private keys directly.

Custodial wallets held by third parties.

Wallets with multi-sig security.

QUESTION 38
A compliance officer is conducting an AML risk assessment of two different operating models: a centralized cryptoasset exchange and a decentralized cryptoasset exchange. Which key difference causes the compliance officer to risk-rate the decentralized exchange higher than the centralized exchange?

The cost of each transaction

The number of validator nodes

The lack of a central counterparty

The supported asset types

QUESTION 39
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?

Review the wallet address information periodically.

Acquire information to connect the wallet address to a natural person.

Screen the wallet address for any historical transaction activity.

Obtain further information connecting wallet address to virtual asset transactions.

QUESTION 40
What is the “Travel Rule” under FATF guidance?

A requirement to record customer addresses for all crypto transfers

A requirement to transmit originator and beneficiary information with crypto transfers above a threshold

A requirement to freeze funds sent across borders

A rule for declaring crypto holdings at customs

QUESTION 41
What is the correct risk assessment equation used in AML/CFT compliance frameworks, including for cryptoasset risk evaluations?

Inherent Risk – Control Effectiveness = Residual Risk

Inherent Risk – Residual Risk = Control Effectiveness

Residual Risk + Control Effectiveness = Inherent Risk

Inherent Risk + Control Effectiveness = Residual Risk

QUESTION 42
Which are common red flags that indicate fraudulent activity in a decentralized finance marketplace? (Select Two.)

A non-fungible token is shared privately among a community of supporters via a non-fungible token airdrop; it is not linked to a specific web address to allow for trading.

A coin is launched, has a low social media presence, has many wallet addresses controlling its supply, and has an original white paper published.

A coin is launched using an untested protocol; only a small number of wallets control the supply.

A token is introduced, is endorsed by high-profile celebrities, and the price of the coin steadily rises; there is no significant activity of selling the coin.

A crypto entity is launched, has a bustling social media presence, and offers limited free non-fungible token incentives in exchange for new customer trading.

ACAMS CCAS Exam Syllabus Topics:

Topic	Details
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.
Topic 2	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.
Topic 3	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.