QUESTION NO: 1
As per the Financial Action Task Force standards, which activities fall under the definition of a virtual asset service provider? (Select Three.)
As per the Financial Action Task Force standards, which activities fall under the definition of a virtual asset service provider? (Select Three.)
Correct Answer: B,C,D
Vote an answer
Explanation: Only visible for Actual4test members. You can sign-up / login (it's free).
QUESTION NO: 2
In cryptoasset AML programs, "ongoing monitoring" means:
In cryptoasset AML programs, "ongoing monitoring" means:
Correct Answer: C
Vote an answer
Explanation: Only visible for Actual4test members. You can sign-up / login (it's free).
QUESTION NO: 3
Which blockchain features built-in privacy measures to prevent tracing and conceal ownership and flow of illicit funds?
Which blockchain features built-in privacy measures to prevent tracing and conceal ownership and flow of illicit funds?
Correct Answer: C
Vote an answer
Explanation: Only visible for Actual4test members. You can sign-up / login (it's free).
QUESTION NO: 4
Which type of wallet poses the highest AML risk?
Which type of wallet poses the highest AML risk?
Correct Answer: B
Vote an answer
Explanation: Only visible for Actual4test members. You can sign-up / login (it's free).
QUESTION NO: 5
Which is a primary benefit of blockchain transparency for AML compliance?
Which is a primary benefit of blockchain transparency for AML compliance?
Correct Answer: C
Vote an answer
Explanation: Only visible for Actual4test members. You can sign-up / login (it's free).
QUESTION NO: 6
An exchange uses blockchain analytics to identify high-risk wallet clusters. This is an example of:
An exchange uses blockchain analytics to identify high-risk wallet clusters. This is an example of:
Correct Answer: D
Vote an answer
Explanation: Only visible for Actual4test members. You can sign-up / login (it's free).
QUESTION NO: 7
A customer who runs a cryptoasset automated teller machine (ATM) comes into a financial institution and deposits a larger than usual amount. When asked about the deposit, the customer answers there has been broader adoption of cryptoassets in the region where the ATM is located. Which additional information about the business would indicate high risk for money laundering? (Select Two.)
A customer who runs a cryptoasset automated teller machine (ATM) comes into a financial institution and deposits a larger than usual amount. When asked about the deposit, the customer answers there has been broader adoption of cryptoassets in the region where the ATM is located. Which additional information about the business would indicate high risk for money laundering? (Select Two.)
Correct Answer: A,D
Vote an answer
Explanation: Only visible for Actual4test members. You can sign-up / login (it's free).
QUESTION NO: 8
Which key differences between the Bitcoin and Ethereum blockchains must investigators consider when investigating flows of funds on each respective chain? (Select Two.)
Which key differences between the Bitcoin and Ethereum blockchains must investigators consider when investigating flows of funds on each respective chain? (Select Two.)
Correct Answer: C,D
Vote an answer
Explanation: Only visible for Actual4test members. You can sign-up / login (it's free).
QUESTION NO: 9
Which are essential components of an AML program for Customer Due Diligence (CDD)? (Select Three.)
Which are essential components of an AML program for Customer Due Diligence (CDD)? (Select Three.)
Correct Answer: A,D,F
Vote an answer
Explanation: Only visible for Actual4test members. You can sign-up / login (it's free).
QUESTION NO: 10
A compliance officer Is assigned a group of customers. Which action should the officer fake to determine the appropriate level of customer due diligence apply to each customer?
A compliance officer Is assigned a group of customers. Which action should the officer fake to determine the appropriate level of customer due diligence apply to each customer?
Correct Answer: B
Vote an answer
Explanation: Only visible for Actual4test members. You can sign-up / login (it's free).