CAMS · Question #666
Which of the following are included in the 11 Immediate Outcomes outlined in the Financial Action Task Force (FATF) methodology for assessing technical compliance with the FATF Recommendations and…
The correct answer is A. International cooperation provides actionable information to use against criminals. B. Supervisors regulate financial institutions and non-bank financial institutions and their risk-based E. Money laundering offenses are investigated and criminally prosecuted. This question tests knowledge of the FATF's 11 Immediate Outcomes (IOs) used to measure AML/CFT/CPF effectiveness during mutual evaluations. Candidates must distinguish actual IOs from plausible-sounding distractors.
Question
Which of the following are included in the 11 Immediate Outcomes outlined in the Financial Action Task Force (FATF) methodology for assessing technical compliance with the FATF Recommendations and the effectiveness of AML/CFT/CPF systems during mutual evaluations? (Select Three.)
Options
- AInternational cooperation provides actionable information to use against criminals.
- BSupervisors regulate financial institutions and non-bank financial institutions and their risk-based
- CFinancial intelligence information is collected by authorities and shared with the FATF for further
- DThose convicted of money laundering offenses are denied access to basic banking services.
- EMoney laundering offenses are investigated and criminally prosecuted.
How the community answered
(33 responses)- A73% (24)
- C9% (3)
- D18% (6)
Why each option
This question tests knowledge of the FATF's 11 Immediate Outcomes (IOs) used to measure AML/CFT/CPF effectiveness during mutual evaluations. Candidates must distinguish actual IOs from plausible-sounding distractors.
IO.2 explicitly measures whether international cooperation delivers actionable financial intelligence and legal assistance to competent authorities, making cross-border investigations effective.
IO.3 measures whether supervisors adequately regulate and supervise financial institutions and designated non-financial businesses and professions (DNFBPs) using a risk-based approach.
The FATF does not collect or receive financial intelligence from member countries - financial intelligence is collected domestically by Financial Intelligence Units (FIUs) and used within national competent authorities, not forwarded to FATF.
Denying banking services to convicted money launderers is not one of the 11 Immediate Outcomes; the IOs focus on investigation, prosecution, asset recovery, supervision, and international cooperation rather than post-conviction access restrictions.
IO.7 directly measures whether money laundering offenses and activities are investigated and prosecuted proportionate to the country's risks, with effective, dissuasive sanctions applied.
Concept tested: FATF 11 Immediate Outcomes mutual evaluation methodology
Source: https://www.fatf-gafi.org/en/publications/Mutualevaluations/Methodology.html
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