2026 Valid CCAS Real Exam Questions (Updated) 100% Dumps & Practice Exam
[UPDATED 2026] ACAMS CCAS Questions Prepare with Free Demo of PDF
ACAMS CCAS Exam Syllabus Topics:
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NEW QUESTION # 33
Which scenario most likely indicates active involvement of a customer in scam activities?
- A. Indirect receiving from a scam cluster
- B. Direct receiving from a scam cluster
- C. Direct sending to a scam cluster
- D. Indirect sending to a scam cluster
Answer: C
Explanation:
Directly sending to a scam cluster is a strong indicator of active participation rather than passive exposure, triggering SAR obligations.
NEW QUESTION # 34
Misconfigured smart contracts can allow which type of scam to occur?
- A. Rug pull
- B. Ransomware
- C. Phishing
- D. SIM
Answer: A
Explanation:
Misconfigured or poorly designed smart contracts can enable rug pull scams, where developers create fraudulent decentralized finance (DeFi) projects or tokens and then withdraw liquidity or funds abruptly, leaving investors with worthless assets.
Phishing (A) and SIM attacks (B) relate to social engineering and telecom fraud, respectively, and ransomware (D) is malware demanding payment. Rug pulls specifically exploit smart contract vulnerabilities.
The DFSA and AML thematic reviews on crypto highlight rug pull scams as a key operational and financial crime risk linked to smart contract vulnerabilities.
NEW QUESTION # 35
Which is an example of "structuring" in crypto transactions?
- A. Using a decentralized exchange.
- B. Sending multiple sub-threshold transactions to avoid reporting.
- C. Engaging in staking.
- D. Exchanging one crypto for another.
Answer: B
Explanation:
Structuring (smurfing) involves breaking transactions into smaller amounts to evade AML reporting thresholds, a classic ML tactic.
NEW QUESTION # 36
Based on Financial Action Task Force guidance, when a cryptoasset exchange carries out an occasional transaction, the exchange is required to conduct CDD when the transaction is above:
- A. USD/EUR 5000.
- B. USD/EUR 10000.
- C. USD/EUR 1000.
- D. USD/EUR 15000.
Answer: B
Explanation:
FATF guidance sets the threshold for Customer Due Diligence (CDD) on occasional transactions at USD/EUR 10,000 or equivalent. This means that when a cryptoasset exchange processes a one-off transaction exceeding this amount, it must apply appropriate CDD measures.
This aligns with FATF Recommendation 10 and is adopted by DFSA and FSRA frameworks governing virtual asset service providers, ensuring transactions over this limit are subject to identity verification and risk assessment.
Extracts from AML and COB modules emphasize this threshold as the trigger for CDD on occasional transactions to prevent laundering through high-value single transfers.
NEW QUESTION # 37
In a blockchain 51% attack, what does 51% refer to?
- A. Wallets
- B. Computational power required for mining
- C. Exchanges
- D. Governance tokens
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 # 38
Which is the discipline of risk management related to the risk of algorithms, machine learning, and artificial intelligence within the transaction monitoring and screening software that a virtual asset service provider acquires from a vendor?
- A. Operational risk management
- B. IT security risk management
- C. Model risk management
- D. Vendor risk management
Answer: C
Explanation:
Model risk management is the discipline focused on managing risks arising from the use of models, including those based on algorithms, machine learning, and AI in transaction monitoring and screening software.
DFSA and global AML frameworks highlight the need for strong model risk governance to ensure accurate detection and compliance.
NEW QUESTION # 39
What is indirect exposure in regards to blockchain analytics transaction monitoring?
- A. The cryptoassets are absolutely linked to a specific user and identity on the blockchain.
- B. The cryptoassets went through a mixing protocol to conceal source of funds.
- C. The cryptoassets have a connection to risky activity via another crypto address or addresses.
- D. The fiat currency is not immediately linked to a known bank account.
Answer: C
Explanation:
Indirect exposure refers to a situation where cryptoassets are not directly associated with illicit activity but have transactional links through other addresses that are associated with risky or illicit behavior. Blockchain analytics tools detect these indirect links to flagged addresses, allowing firms to assess risk based on network connections rather than direct ownership or activity.
The DFSA AML guidance and international FATF Virtual Assets guidance explain that indirect exposure is a critical concept for transaction monitoring as it broadens the detection scope beyond direct transactions, flagging assets that might be "tainted" through intermediary addresses.
Reference:
FATF Guidance on Virtual Assets and VASPs emphasizes monitoring both direct and indirect exposure of wallets to illicit activity.
DFSA AML Module Section 13 on Suspicious Activity Reports requires firms to incorporate indirect exposure assessments in their monitoring systems【AML/VER25/05-24: Sections 4.1, 6.3, 13.3; FATF VA Guidance 2021】.
Therefore, B is the correct definition.
NEW QUESTION # 40
Which activity should be detected as a red flag during the customer onboarding stage and further investigated?
- A. Receipt of a law enforcement request to examine transactions on the customer's account
- B. The use of a foreign identification document by an immigrant
- C. The applicant being located in the same jurisdiction as the virtual asset service provider
- D. Sharing of the same IP address by multiple customers
Answer: D
Explanation:
Sharing of the same IP address by multiple customers during onboarding can indicate potential fraud, identity manipulation, or collusion, and should be flagged for further investigation. This can be a sign of synthetic identities or multiple accounts controlled by the same person.
Receipt of law enforcement requests (A) usually occurs post-onboarding, while the location (B) or use of foreign IDs (C) is not inherently suspicious.
NEW QUESTION # 41
Which blockchain characteristic makes forensic tracing of transactions possible?
- A. Sharding
- B. Decentralized governance
- C. Smart contract automation
- D. Immutable public ledger
Answer: D
Explanation:
Blockchain's immutability ensures that all transactions remain permanently recorded and tamper-proof, enabling blockchain analytics to trace illicit funds. This property is leveraged in crypto forensic investigations and AML monitoring.
NEW QUESTION # 42
Under FATF guidance, "unhosted wallets" are:
- A. Custodial wallets held by third parties.
- B. Wallets with multi-sig security.
- C. Wallets managed by regulated exchanges.
- D. Wallets where users control private keys directly.
Answer: D
Explanation:
Unhosted wallets are self-custody wallets controlled directly by the user without third-party oversight, posing higher anonymity and AML risks.
NEW QUESTION # 43
Which of the following are red flag indicators specifically related to anonymity? (Select Two.)
- A. Use of decentralized or hardware wallets to transport cryptoassets across borders
- B. Use of privacy-orientated email services
- C. Use of cryptoassets that are linked to fraudulent schemes
- D. Users exhibiting unusual sign-on activity
- E. Users utilizing mixing services
Answer: A,E
Explanation:
Anonymity red flags in crypto include the use of:
Decentralized or hardware wallets (A): These wallets are often unhosted and can facilitate anonymous transfers across borders, complicating AML controls.
Mixing services (B): These obscure transaction trails by blending multiple users' funds, enhancing anonymity and increasing ML risk.
Privacy-oriented email services (C), fraudulent scheme-linked assets (D), and unusual sign-on activity (E) are also risk indicators but not specifically tied to anonymity in cryptoasset transactions.
AML guidance and thematic reviews emphasize A and B as key anonymity-related red flags.
NEW QUESTION # 44
Which privacy-enhancing feature hides both the sender and receiver in a transaction?
- A. Proof-of-Authority
- B. Multi-sig
- C. Ring signatures
- D. Token swap
Answer: C
Explanation:
Ring signatures, used in Monero, blend a sender's transaction with others to obscure sender identity, increasing AML risk.
NEW QUESTION # 45
Which type of wallet poses the highest AML risk?
- A. Unhosted wallet
- B. Multi-signature wallet
- C. Custodial wallet
- D. Exchange hot wallet
Answer: A
Explanation:
Unhosted wallets allow direct user control without third-party oversight, making them harder to monitor and more vulnerable to misuse.
NEW QUESTION # 46
Which FATF Recommendation specifically addresses virtual assets and VASPs?
- A. R.20
- B. R.15
- C. R.22
- D. R.12
Answer: B
Explanation:
FATF Recommendation 15 requires countries to regulate VASPs for AML/CFT purposes, applying the same preventive measures as financial institutions.
NEW QUESTION # 47
Which consensus mechanism uses staked tokens to validate transactions instead of computational power?
- A. Byzantine Fault Tolerance
- B. Proof-of-Stake
- C. Proof-of-Work
- D. Delegated Ledger Approval
Answer: B
Explanation:
Proof-of-Stake (PoS) replaces the energy-intensive mining process of Proof-of-Work by allowing validators to secure the network based on the amount of cryptocurrency they "stake" as collateral. Validators are rewarded for correctly validating transactions and risk losing their stake if they act dishonestly. Regulatory AML/CFT programs must consider validator concentration risks and the jurisdictional exposure of validators in PoS systems.
NEW QUESTION # 48
Which is a core component of customer due diligence (CDD)?
- A. Identity verification
- B. Token staking
- C. Transaction batching
- D. Node validation
Answer: A
Explanation:
CDD includes verifying the customer's identity using reliable, independent documentation before or during onboarding.
NEW QUESTION # 49
What is the intention of the Financial Action Task Force's (FATF's) Travel Rule?
- A. To enhance customer due diligence (CDD) procedures to ensure high quality data
- B. To mitigate money laundering and terrorist financing (ML/TF) risk by increasing the ability to follow funds via different financial institutions
- C. To slow down cryptoasset transactions to allow law enforcement to intervene
Answer: B
Explanation:
The FATF Travel Rule requires Virtual Asset Service Providers to share originator and beneficiary information for virtual asset transfers exceeding a certain threshold. Its purpose is to mitigate ML/TF risks by increasing transparency and enabling authorities to trace the movement of funds across institutions and jurisdictions.
It does not aim to slow transactions (B) or directly enhance CDD (A), although it supports the overall AML framework including CDD.
This rule is a cornerstone of FATF's efforts to regulate virtual asset transfers effectively and is adopted by DFSA and other regulators.
NEW QUESTION # 50
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