Online Access Free CCAS Practice Test

How does law enforcement use Suspicious Activity Reports (SARs)? (Select Two.)

• A.To identify regulatory failings
• B.To develop intelligence on new targets
• C.To confirm or develop information on existing targets
• D.To produce evidence of money laundering that can be used in court

Which of the following are functions of cryptoasset mining? (Select Two.)

• A.Validating transactions on the blockchain
• B.Generating new cryptoassets
• C.Optimizing and improving the functionality of the network
• D.Ensuring the security of the network

An analyst at a virtual asset service provider (VASP) that white-labels its exchange solution to other cross-border VASPs is developing a VASP onboarding procedure. Under Financial Action Task Force Recommendation 13, which CDD practices should be applied to such relationships? (Select Three.)

• A.Assess the nature and purpose of the VASP relationship
• B.Obtain approval from senior management
• C.Obtain approval from the local supervisory authority
• D.Assess the VASP's supervision and if a license/registration is needed
• E.Assess the profitability of the VASP relationship

Which metric is most relevant for assessing liquidity risk in a cryptoasset exchange?

• A.Order book depth and spread
• B.Number of listed tokens
• C.Wallet address count
• D.Blockchain confirmation times

Which Is the general consensus among Jurisdictions who have performed a national risk assessment about cryptoasset activities conducted in their countries?

• A.The level of money laundering risk linked to cryptoasset activities is very dependent on a country's geographical position.
• B.With increased awareness about cryptoasset activities, the money laundering risk levels become lower.
• C.There Is a rising level of money laundering risks related lo cryptoasset activities