CAMS Question #796: Real Exam Question with Answer & Explanation

The correct answer is B. Establishing and enforcing legal frameworks to detect, prevent, and punish money laundering and. A primary objective of public sector groups in combating money laundering is to establish and enforce legal and regulatory frameworks that enable the detection, prevention, and punishment of money laundering and related financial crimes, ensuring the integrity of the financial sy

Question

Which of the following is a primary objective of public sector groups in the fight against money laundering?

Options

AAdvising private financial institutions on how to enhance their profitability through AML efforts
BEstablishing and enforcing legal frameworks to detect, prevent, and punish money laundering and
CProviding funding to private and non-governmental organizations (NGOs) for the development of
DActing as intermediaries between private sector firms and non-governmental organizations

Explanation

A primary objective of public sector groups in combating money laundering is to establish and enforce legal and regulatory frameworks that enable the detection, prevention, and punishment of money laundering and related financial crimes, ensuring the integrity of the financial system.

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