Which of the following is a common strategy employed by non-governmental organizations (NGOs) to combat money laundering?

The correct answer is D. Raising awareness about the issue of money laundering and its consequences. D: NGOs play an important role in raising awareness about money laundering, lobbying for strong AML/CFT laws, and educating the public and stakeholders about the risks and consequences. "NGOs help combat money laundering primarily through advocacy, education, and raising public…

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

Question

Options

AHelping Financial Intelligence Units (FIUs) to analyze the suspicious activity reports (SARs)
BDirectly prosecuting money launderers in court
CProviding financial assistance to governments to strengthen their anti-money laundering efforts
DRaising awareness about the issue of money laundering and its consequences

How the community answered

(58 responses)

A
14% (8)
B
7% (4)
C
3% (2)
D
76% (44)

Explanation

D: NGOs play an important role in raising awareness about money laundering, lobbying for strong AML/CFT laws, and educating the public and stakeholders about the risks and consequences. "NGOs help combat money laundering primarily through advocacy, education, and raising public and industry awareness."(CAMS 6th Edition, Role of NGOs in AML/CFT)

Topics

#NGOs#AML awareness#civil society#anti-money laundering strategy

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