Discuss Acams CCAS Exam Topic 1 Question 5

Which activity should be detected as a red flag during the customer onboarding stage and further investigated?

AReceipt of a law enforcement request to examine transactions on the customer's account

BThe applicant being located in the same jurisdiction as the virtual asset service provider

CThe use of a foreign identification document by an immigrant

DSharing of the same IP address by multiple customers

Suggested Answer: D

Sharing of the same IP address by multiple customers during onboarding can indicate potential fraud, identity manipulation, or collusion, and should be flagged for further investigation. This can be a sign of synthetic identities or multiple accounts controlled by the same person.

Receipt of law enforcement requests (A) usually occurs post-onboarding, while the location (B) or use of foreign IDs (C) is not inherently suspicious.

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13 comments · newest first

Helga 10 months ago

B is just a standard procedure, nothing suspicious there.

Nan 11 months ago

Wait, why is C a red flag? Seems normal to me.

Noemi 11 months ago

I think D is more concerning, though.

Ronnie 11 months ago

A law enforcement request? That’s surprising!

Willard 11 months ago

Definitely A, that’s a huge red flag!

Micah 11 months ago

The jurisdiction issue seems less concerning to me; I thought we learned that it’s common for applicants to be in the same area as the service provider.

Brianne 12 months ago

I practiced a similar question about foreign documents, and I feel like that could be a red flag too, especially if the document seems suspicious.

Taryn 1 year ago

I think sharing the same IP address could indicate suspicious activity, but I need to recall if it’s a definitive red flag or just a potential concern.

Tamesha 1 year ago

I remember discussing how law enforcement requests are serious red flags, but I'm not sure if they always require further investigation.

Chery 1 year ago

I've got a good feeling about this one. The receipt of a law enforcement request to examine transactions seems like the most obvious red flag to me.

Buddy 1 year ago

Okay, I think the key here is to identify any potential signs of suspicious or fraudulent activity. I'll carefully consider each option and try to determine which one is the most concerning.

Ula 1 year ago

Hmm, I'm a bit confused by this question. I'm not sure which of these activities would be the most concerning to investigate further.

Dianne 1 year ago

This seems like a tricky one. I'll need to think carefully about the potential red flags during customer onboarding.

Acams CCAS Exam - Topic 1 Question 5 Discussion