ACAMS
CAMS · Question #737
CAMS Question #737: Real Exam Question with Answer & Explanation
The correct answer is A. Serving as a national center for the collection and analysis of suspicious activity.. FIUs act as central hubs for financial crime intelligence, receiving and analyzing Suspicious Activity Reports (SARs) and other data to support law enforcement. Option A (Correct): FIUs collect, analyze, and disseminate financial intelligence related to money laundering and terro
Question
What is a core function of a Financial Intelligence Unit (FIU) as described in FATF Recommendation 29?
Options
- AServing as a national center for the collection and analysis of suspicious activity.
- BProsecuting significant cases of money laundering or terrorist financing under national jurisdiction.
- CSponsoring the research and development of advanced technological surveillance tools for AML
- DSharing real-time criminal intelligence gathered from national law enforcement agencies with the
Explanation
FIUs act as central hubs for financial crime intelligence, receiving and analyzing Suspicious Activity Reports (SARs) and other data to support law enforcement. Option A (Correct): FIUs collect, analyze, and disseminate financial intelligence related to money laundering and terrorist
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