Free CCAS Exam Dumps

Question 16

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

Correct Answer:D

Question 17

To identify and assess the money laundering risks emerging from virtual assets, countries should ensure that virtual asset service providers are: (Select Two.)

A. Connected with a regulated financial institution.
B. Subjected to AML regulations
C. Maintaining effective monitoring systems.
D. Located in a jurisdiction with increased regulatory expectations
E. Evaluated for beneficial ownership of virtual asset clients

Correct Answer:BC

Question 18

What methods do criminals use to avoid clustering of crypto wallet addresses?

A. The address receives a large amount of cryptocurrency from another wallet address.
B. After receiving a large volume of crypto payments in the wallet, they are left there for a long period of time.
C. The cryptoassets are moved to the exchange after a large number of hops within a short period of time.
D. A small portion of cryptoassets is moved to an exchange, and the rest remain in the wallet.

Correct Answer:C