CAMS · Question #327
Which three areas do FATF's 40 recommendations cover? Choose 3 answers
The correct answer is A. International Cooperation C. Financial systems and their regulation D. The criminal justice system. The 40 Recommendations provide a complete set of countermeasures against money laundering and terrorist financing, covering · the identification of risks and development of appropriate policies; · the criminal justice system and law enforcement; · the financial system and its…
Question
Which three areas do FATF's 40 recommendations cover? Choose 3 answers
Options
- AInternational Cooperation
- BPrescriptive sentences for predicate offenses
- CFinancial systems and their regulation
- DThe criminal justice system
How the community answered
(26 responses)- A81% (21)
- B19% (5)
Explanation
The 40 Recommendations provide a complete set of countermeasures against money laundering and terrorist financing, covering · the identification of risks and development of appropriate policies; · the criminal justice system and law enforcement; · the financial system and its regulation; · the transparency of legal persons and arrangements; and · international cooperation.
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