CAMS · Question #485
CAMS Question #485: Real Exam Question with Answer & Explanation
The correct answer is C. FSRBs play an essential role in identifying and addressing AML technical assistance needs for D. FATF and FSRBs are free-standing organizations that share the common goals of combating. FSRBs play an essential role in identifying and addressing AML technical assistance needs for their individual member countries. The FSRBs are responsible for promoting the effective implementation of the FATF Recommendations at the regional level, including by assisting member c
Question
Options
- AIn the process of setting standards. FATF will only consider inputs from its member countries as
- BFSRBs have the right to develop standards with which their member countries are bound to
- CFSRBs play an essential role in identifying and addressing AML technical assistance needs for
- DFATF and FSRBs are free-standing organizations that share the common goals of combating
- EFATF member countries cannot be members of an FSRB at the same time.
Explanation
FSRBs play an essential role in identifying and addressing AML technical assistance needs for their individual member countries. The FSRBs are responsible for promoting the effective implementation of the FATF Recommendations at the regional level, including by assisting member countries in identifying technical assistance needs and facilitating the provision of such FATF and FSRBs are free-standing organizations that share the common goals of combating money laundering and the financing of terrorism and proliferation. The FATF is an intergovernmental body that sets global standards for AML/CFT and promotes their effective implementation, while the FSRBs are regional organizations that work to promote the effective implementation of the FATF Recommendations at the regional level.
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