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Exam Overview
Exam Code CCAS
Exam Name Acams Certified Cryptoasset Anti-Financial Crime Specialist Examination
Vendor Acams
Total Questions 100
Last Updated 26-Oct, 2026
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Free CCAS Practice Questions

Explore 8 free practice questions for the Acams CCAS exam and review the answers and explanations to support your preparation.

  1. Question 1

    Single answer

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

    • Option A:
      1st line compliance team 
      Correct
    • Option B:
      2nd line compliance team 
      Correct
    • Option C:
      Chief risk officer 
      Correct
    • Option D:
       Board of directors 
      Correct
    Show Answer & Explanation Hide Answer & Explanation

    Correct 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. 

  2. Question 2

    Single answer

    What is indirect exposure in regards to blockchain analytics transaction monitoring? 

    • Option A:
      The crypto assets are absolutely linked to a specific user and identity on the blockchain.
      Correct
    • Option B:
      The crypto assets have a connection to risky activity via another crypto address or addresses.
      Correct
    • Option C:
      The crypto assets went through a mixing protocol to conceal source of funds.
      Correct
    • Option D:
      The fiat currency is not immediately linked to a known bank account
      Correct
    Show Answer & Explanation Hide Answer & Explanation

    Correct Answer: B

    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. 

  3. Question 3

    Single answer

    Which type of crypto asset is explicitly designed to maintain a stable value?

    • Option A:
      Utility token
      Correct
    • Option B:
      Stable coin
      Correct
    • Option C:
      Governance token
      Correct
    • Option D:
      Privacy coin
      Correct
    Show Answer & Explanation Hide Answer & Explanation

    Correct Answer: B

    Explanation

    Stable coins aim to maintain value stability by pegging to assets like fiat currency or commodities. Regulators stress monitoring stable coin reserve transparency to prevent misuse for layering illicit funds.

  4. Question 4

    Single answer

    Which blockchain features built-in privacy measures to prevent tracing and conceal ownership and flow of illicit funds?

    • Option A:
      Cardano
      Correct
    • Option B:
      Polygon
      Correct
    • Option C:
      Ethereum
      Correct
    • Option D:
      Monero
      Correct
    Show Answer & Explanation Hide Answer & Explanation

    Correct Answer: D

    Explanation

    Monero is a privacy-focused blockchain designed with built-in features like ring signatures, stealth addresses, and confidential transactions to obfuscate sender, receiver, and transaction amounts, making tracing difficult.
    Cardano, Polygon, and Ethereum are not designed primarily with these privacy features and have publicly traceable ledgers, although privacy solutions may be layered on.

  5. Question 5

    Multiple answers

    Which of the following would you review as part of standard due diligence? (Select Two.)

    • Option A:
      Negative news
      Correct
    • Option B:
      Dark web forums
      Correct
    • Option C:
      Beneficial ownership
      Correct
    • Option D:
      Blockchain exposure
      Correct
    Show Answer & Explanation Hide Answer & Explanation

    Correct Answer: A, 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.

  6. Question 6

    Multiple answers

    Which of the following are red flag indicators specifically related to anonymity? (Select Two.)

    • Option A:
      Use of decentralized or hardware wallets to transport crypto assets across borders
      Correct
    • Option B:
      Users utilizing mixing services
      Correct
    • Option C:
      Use of privacy-orientated email services
      Correct
    • Option D:
      Use of crypto assets that are linked to fraudulent schemes
      Correct
    • Option E:
      Users exhibiting unusual sign-on activity
      Correct
    Show Answer & Explanation Hide Answer & Explanation

    Correct Answer: A, B

    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.

  7. Question 7

    Single answer

    Based on Financial Action Task Force guidance, when a crypto asset exchange carries out an occasional transaction, the exchange is required to conduct CDD when the transaction is above:

    • Option A:
      USD/EUR 1000.
      Correct
    • Option B:
      USD/EUR 5000.
      Correct
    • Option C:
      USD/EUR 10000.
      Correct
    • Option D:
      USD/EUR 15000.
      Correct
    Show Answer & Explanation Hide Answer & Explanation

    Correct Answer: C

    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.

  8. Question 8

    Single answer

    Which privacy-enhancing feature hides both the sender and receiver in a transaction?

    • Option A:
      Ring signatures
      Correct
    • Option B:
      Multi-sig
      Correct
    • Option C:
      Proof-of-Authority
      Correct
    • Option D:
      Token swap
      Correct
    Show Answer & Explanation Hide Answer & Explanation

    Correct Answer: A

    Explanation

    Ring signatures, used in Monero, blend a sender’s transaction with others to obscure sender identity, increasing AML risk.