Practice Test GeeksCCI - Certified Cryptocurrency Investigator Practice Test
← All CCI Flashcard Decks

Cryptocurrency Exchange Investigations Flashcards

6 cards from real CCI practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 6 Cryptocurrency Exchange Investigations flashcards as text

  1. The Financial Action Task Force (FATF) refers to cryptocurrency businesses subject to AML/CFT obligations as what?

    Answer: Virtual Asset Service Providers (VASPs)

    FATF uses the term Virtual Asset Service Providers (VASPs) for entities conducting crypto-related activities that must comply with AML/CFT standards.

  2. When an exchange is located in a non-cooperative foreign jurisdiction, investigators typically obtain records through what mechanism?

    Answer: Mutual Legal Assistance Treaty (MLAT)

    An MLAT is the formal government-to-government legal mechanism for obtaining evidence and records from entities in foreign jurisdictions.

  3. What is the investigative significance of IP log records obtained from a cryptocurrency exchange?

    Answer: They can reveal the true geographic location of account users, helping physically identify and locate perpetrators

    IP log records reveal the geographic origin of account logins, allowing investigators to determine where account users are actually located and potentially identify them.

  4. Which of the following best describes a peer-to-peer (P2P) exchange and why it poses compliance challenges?

    Answer: A platform connecting buyers and sellers directly without a central intermediary, making KYC enforcement difficult

    P2P exchanges connect buyers and sellers directly with minimal or no KYC verification, making them attractive vehicles for money laundering and difficult to regulate.

  5. Under the Bank Secrecy Act (BSA), what cash transaction amount triggers a mandatory Currency Transaction Report (CTR)?

    Answer: Transactions exceeding $10,000 in a single day

    The BSA requires financial institutions to file a Currency Transaction Report (CTR) for any cash transaction exceeding $10,000 in a single business day.

  6. What is 'layering' in the context of money laundering through cryptocurrency exchanges?

    Answer: Moving funds through multiple accounts, exchanges, or conversions to obscure their criminal origin

    Layering is the second stage of money laundering in which funds are moved through complex transactions and conversions to distance them from their criminal origin.