Discuss Acams CCAS Exam Topic 1 Question 13

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.)

AThe volume and the number of users increase.

BThe cryptoasset ATM supports a variety of cryptoassets.

CThe region is neighboring with a narcotic-producing jurisdiction.

DThe region is located within a high-risk jurisdiction.

EThe cryptoasset ATM was recently licensed.

Suggested Answer: C, D

Money laundering risk increases if the business operates in or near high-risk jurisdictions (D) or regions associated with narcotics production (C), as these are common sources of illicit funds.

An increase in volume and users (A) or supporting various cryptoassets (B) alone does not necessarily increase ML risk. Recent licensing (E) may indicate regulatory compliance, potentially lowering risk.

Get Premium CCAS Questions as Interactive Web-Based Practice Test or PDF Real Exam Format Detailed Explanations Instant Access Get Your Practice Test

15 comments · newest first

Millie 3 months ago

Recent licensing doesn't mean much if the area is shady.

Rocco 3 months ago

Definitely C and D. They scream high risk.

Evelynn 3 months ago

B could be risky too, but not as much as C and D.

Alica 3 months ago

A is also a red flag. More users, more risk.

Aliza 4 months ago

Agreed! Those regions can be sketchy.

Carey 4 months ago

I think C and D are the most concerning.

Pearlene 4 months ago

Surprised that licensing doesn't mean low risk!

Ceola 4 months ago

B seems fine, but C and D are concerning.

Tatum 4 months ago

Wait, why is the region important?

France 6 months ago

A lot of users? Sounds suspicious to me.

Nichelle 6 months ago

C and D definitely raise red flags!

Novella 6 months ago

I practiced a similar question, and I think supporting various cryptoassets could be a risk factor too. So maybe B and C?

Ora 7 months ago

I feel like the connection to a narcotic-producing area is significant, so C seems likely. But I’m torn about the second choice.

Jame 7 months ago

I'm not entirely sure, but I think the volume and number of users increasing could also indicate risk. Maybe A and D?

Florinda 7 months ago

I remember studying that high-risk jurisdictions can definitely raise red flags, so I think options C and D might be the right choices.

Acams CCAS Exam - Topic 1 Question 13 Discussion