Acams CCAS Exam - Topic 1 Question 13 Discussion

Actual exam question for Acams's CCAS exam

Question #: 13
Topic #: 1

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.

Show Suggested Answer

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.

by Catherin at Apr 08, 2026, 09:31 AM

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