Free ACAMS CCAS Exam Dumps Questions & Answers

Which features are used by anonymity-enhanced cryptoassets to reduce transparency of transactions and identities? (Select Two.)

• A.  Cryptographic enhancements
• B.  MetaMask wallet
• C.  Proof-of-stake mining
• D.  Automatic mixing
• E.  Secure hashing algorithm 256

Which is a primary benefit of blockchain transparency for AML compliance?

• A.  Reducing market volatility
• B.  Automatic sanctions screening
• C.  Real-time price tracking
• D.  Ability to trace historical transactions

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.  Model risk management
• B.  IT security risk management
• C.  Operational risk management
• D.  Vendor risk management

What is a "token burn"?

• A.  Locking tokens in staking.
• B.  Transferring tokens to an OTC desk.
• C.  Sending tokens to a liquidity pool.
• D.  Destroying tokens to reduce supply.

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?

• A.  Obtain further information connecting wallet address to virtual asset transactions.
• B.  Acquire information to connect the wallet address to a natural person.
• C.  Screen the wallet address for any historical transaction activity.
• D.  Review the wallet address information periodically.