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  2. ACAMS Certification
  3. CCAS Exam
  4. ACAMS.CCAS.v2026-04-02.q34 Dumps
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Question 31

Which type of blockchain is jointly operated by multiple pre-approved organizations?

Correct Answer: B
Consortium blockchains are semi-private networks where governance is shared among authorized participants, offering a balance between decentralization and access control.
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Question 32

Under DIFC AML rules, which governance body must approve the firm's business-wide risk assessment?

Correct Answer: B
DFSA AML Module requires the Board to approve and oversee the firm's business-wide risk assessment, ensuring accountability at the highest governance level.
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Question 33

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

Correct Answer: D
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.
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Question 34

Which governance function is ultimately responsible for approving AML/CFT policies?

Correct Answer: B
The Board holds ultimate responsibility for policy approval under DFSA and FSRA AML rules, ensuring senior-level oversight.
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