ACAMS
CAMS · Question #700
CAMS Question #700: Real Exam Question with Answer & Explanation
The correct answer is A. Promotes financial transparency and protects the integrity of financial systems.. Data sharing between financial institutions, FIUs, and law enforcement is essential to AML Option A (Correct): Transparent financial systems deter money laundering and terrorist financing.
Question
From an international standards perspective, both the EU and FATF consider data sharing a crucial component of effective anti-money laundering measures because data sharing:
Options
- APromotes financial transparency and protects the integrity of financial systems.
- BAllows Financial Intelligence Units (FIUs) to enact sanctions against perpetrators of financial
- CHelps financial institutions to be more effective in fighting crime with data analysis.
- DNeeds to be approved by the FIU before sharing between financial institutions.
Explanation
Data sharing between financial institutions, FIUs, and law enforcement is essential to AML Option A (Correct): Transparent financial systems deter money laundering and terrorist financing.
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