Which are primary purposes of Financial Action Task Force {FATF)-Style Regional Bodies? (Select Two.)

The correct answer is C. Providing expertise and input in FATF policy-making E. Promoting effective implementation of FATF recommendations. The primary purposes of Financial Action Task Force (FATF)-Style Regional Bodies are to promote effective implementation of FATF recommendations and to provide expertise and input in FATF policy-making.

Compliance Standards (International AML/CFT Standards and the role of FATF)

Question

Options

AActing as a prudential regulatory body for financial institutions
BProviding due diligence for foreign correspondent banks
CProviding expertise and input in FATF policy-making
DImposing special measures for non-cooperative jurisdictions
EPromoting effective implementation of FATF recommendations

How the community answered

(44 responses)

A
2% (1)
B
14% (6)
C
80% (35)
D
5% (2)

Explanation

The primary purposes of Financial Action Task Force (FATF)-Style Regional Bodies are to promote effective implementation of FATF recommendations and to provide expertise and input in FATF policy-making.

Topics

#FATF-Style Regional Bodies#FATF policy input#AML implementation#non-cooperative jurisdictions

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