Module 5 Flashcards
- Describe how the distributed ledger keeps track of digital currency transactions. - Identify ways the Bitcoin blockchain can be exploited by criminal elements. - Employ blockchain analytical tools like QLUE™ to investigate cryptocurrency crimes.
What is the incentive for mining bitcoin?
Payment in bitcoin
Which of the following are areas in which blockchain technology has possible applications? Check all that apply.
A) Financial Crime Investigations
B) Environmental
C) Education
D) Healthcare
A, B, C, D (All of the above)
Smart contracts work on a(n) ________ principle.
If-then
Countries utilize cryptocurrency to evade sanctions because of which of the following?
It’s easy to transact across borders.
The transactions fall outside the traditional banking system.
They think the transactions can’t be tracked to country of origin.
Pincoin and Ifan defrauded over 32,000 people advertising 40% return on investment in __________.
Vietnam
Drug trafficking is common on the dark web. A specific type of browser is needed to access the dark web. One of those browsers is:
The Onion Router
A ____________ refers to an entity offering cryptocurrency services that adhere to anti-money laundering and terrorist financing regulations by following Know Your Customer (KYC) best practices. These best practices require customer identity information at account opening.
Compliant location
When investigating a cryptocurrency transaction (including its input and output information) on the blockchain, to see a visual diagram investigators can use _____________ a forensic tool developed by Blockchain Intelligence Group.
QLUE
Which of the following is NOT a resource to use in an investigation?
A) Private sector tools like QLUE from BIG
B) Blockchain explorers
C) National intelligence agencies
D) Wikipedia
D
The Qualitative Law Enforcement Unified Edge (QLUE™) platform offers which of the following features?
Ease of use.
Full blockchain explorer.
Efficient watch feature.
Easy escalations and SAR filings.
Automated risk scoring.
The ______ corresponds to the person who is sending money in a transaction.
Input address
If after January 30, 2013, the change address can be found:
As the last listed output address.
_____ swap one person’s bitcoins with another user’s cryptocurrency so the original sender ends up with a clean address and can’t tie them to any other addresses on a blockchain.
Tumblers
Which of the following is a way criminals use cryptocurrency to further their schemes?
Money Laundering
Sanctions Evasion
Drug Trafficking
Investment Fraud Schemes
In the image below, which of the following is the change address?
D
