CAMS · Question #510
How does the Asian/Pacific Financial Action Task Force <FATF>-Style Regional Body help its members implement recommendations from the FATF? (Select Two.)
The correct answer is C. Facilitates the adoption and implementation of internationally accepted AMI measures by member D. Encourages cooperative AML efforts in the region. The Asian/Pacific Financial Action Task Force-Style Regional Body (APG) helps its members implement recommendations from the FATF by facilitating the adoption and implementation of internationally accepted AML measures by member jurisdictions. The APG also encourages…
Question
How does the Asian/Pacific Financial Action Task Force <FATF>-Style Regional Body help its members implement recommendations from the FATF? (Select Two.)
Options
- APromotes laws that allow judicial challenges to seizure orders by an administrative body
- BEndorses regulations that define money laundering based on the model laws issued by the
- CFacilitates the adoption and implementation of internationally accepted AMI measures by member
- DEncourages cooperative AML efforts in the region
- ERequires members to maintain lists of regional money laundering and terrorists financing issues
How the community answered
(32 responses)- A3% (1)
- B6% (2)
- C72% (23)
- E19% (6)
Explanation
The Asian/Pacific Financial Action Task Force-Style Regional Body (APG) helps its members implement recommendations from the FATF by facilitating the adoption and implementation of internationally accepted AML measures by member jurisdictions. The APG also encourages cooperative AML efforts in the region, which can include information- sharing and mutual evaluations to assess member compliance with FATF recommendations.
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