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Acams CCAS Exam - Topic 1 Question 12 Discussion

Under FATF guidance, ''unhosted wallets'' are:
B) Wallets where users control private keys directly.
A) Wallets managed by regulated exchanges.
C) Custodial wallets held by third parties.
D) Wallets with multi-sig security.

Acams CCAS Exam - Topic 1 Question 12 Discussion

Actual exam question for Acams's CCAS exam
Question #: 12
Topic #: 1
[All CCAS Questions]

Under FATF guidance, ''unhosted wallets'' are:

Show Suggested Answer Hide Answer
Suggested Answer: B

Unhosted wallets are self-custody wallets controlled directly by the user without third-party oversight, posing higher anonymity and AML risks.


by Osvaldo at Apr 01, 2026, 03:29 PM

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Tamie
2 months ago
But what about D? Multi-sig adds security, right?
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Shaquana
2 months ago
Agreed! B makes sense. It's about user autonomy.
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Delsie
2 months ago
I think it's B. Users need to control their keys.
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Janey
2 months ago
Multi-sig wallets are cool, but not what unhosted means.
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Elli
3 months ago
Definitely not A or C, those are custodial!
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Helene
3 months ago
Wait, are we sure about that? Sounds too simple.
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Lauran
4 months ago
Totally agree, unhosted means no third-party control.
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Mayra
4 months ago
B is correct! Users control their own keys.
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Lawana
5 months ago
I’m a bit confused. I thought multi-sig wallets could also be considered unhosted, but I guess that’s not the main point here.
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Leota
5 months ago
I practiced a similar question last week, and I believe unhosted wallets are definitely those where users have direct control, so B seems right.
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Kristeen
5 months ago
I’m not entirely sure, but I remember something about unhosted wallets being different from custodial ones. Maybe it’s C?
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Nancey
6 months ago
I think "unhosted wallets" refers to wallets where users control their own private keys, so I’d lean towards option B.
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