CAMS · Question #49
CAMS Question #49: Real Exam Question with Answer & Explanation
The correct answer is A. They provide technical assistance to members in implementing FATF recommendations. The following high-level principles apply for both FATF and FSRBs.?Role: FSRBs play an essential role in identifying and addressing AML/CFT technical assistance needs for their individual members. In those FSRBs that carry out this coordination work, technical assistance necessar
Question
Options
- AThey provide technical assistance to members in implementing FATF recommendations
- BThey assist member countries in penalizing entities that violate FATF standards and
- CThey work with members on areas of concern outside of anti-money laundering and terrorist
- DThey supervise member country financial institutions relating to anti-money laundering and
Explanation
The following high-level principles apply for both FATF and FSRBs.?Role: FSRBs play an essential role in identifying and addressing AML/CFT technical assistance needs for their individual members. In those FSRBs that carry out this coordination work, technical assistance necessarily complements mutual evaluation and follow-up processes by helping jurisdictions to implement FATF standards.
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