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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:

AWallets managed by regulated exchanges.

BWallets where users control private keys directly.

CCustodial wallets held by third parties.

DWallets with multi-sig security.

Show Suggested 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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Lauran

1 month ago

Totally agree, unhosted means no third-party control.

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Mayra

1 month ago

B is correct! Users control their own keys.

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Lawana

2 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

2 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

2 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

3 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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