The primary objectives of the Financial Action Task Force (FATF) are to: (Choose two.)

The correct answer is A. evaluate and monitor compliance with the FATF standards and provide recommendations for C. develop and promote international standards to prevent money laundering and terrorist financing. The Financial Action Task Force (FATF) develops and promotes international standards to combat money laundering and terrorist financing, and it evaluates and monitors countries' compliance with these standards while providing recommendations for improvement.

Compliance Standards (International AML/CFT Standards and the role of FATF)

Question

Options

Aevaluate and monitor compliance with the FATF standards and provide recommendations for
Bassist countries in implementing EU, UN, and regional sanctions regimes.
Cdevelop and promote international standards to prevent money laundering and terrorist financing.
Dconduct investigations on countries legislations and laws to prevent them from being used for
Eensure that countries follow its laws to maintain financial stability.

How the community answered

(23 responses)

A
83% (19)
B
9% (2)
D
4% (1)
E
4% (1)

Explanation

The Financial Action Task Force (FATF) develops and promotes international standards to combat money laundering and terrorist financing, and it evaluates and monitors countries' compliance with these standards while providing recommendations for improvement.

Topics

#FATF objectives#AML standards#CFT standards#compliance monitoring

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