Acams Exam CAMS-FCI Topic 2 Question 2 Discussion

Actual exam question for Acams's CAMS-FCI exam

Question #: 2
Topic #: 2

[All CAMS-FCI Questions]

Which are primary purposes of Financial Action Task Force {FATF)-Style Regional Bodies? (Select Two.)

AActing as a prudential regulatory body for financial institutions

BProviding due diligence for foreign correspondent banks

CProviding expertise and input in FATF policy-making

DImposing special measures for non-cooperative jurisdictions

EPromoting effective implementation of FATF recommendations

Show Suggested Answer

Suggested Answer: C, E

The primary purposes of Financial Action Task Force (FATF)-Style Regional Bodies are to promote effective implementation of FATF recommendations and to provide expertise and input in FATF policy-making. (CAMS Manual, 6th Edition, Page 180)

by Graham at Oct 24, 2024, 08:08 PM

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Paris

3 days ago

Hmm, I think B and D are the way to go. Providing due diligence and imposing measures seem like the main purposes to me.

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Mica

28 days ago

I'm pretty sure A and D are the right answers. They act as a regulatory body and impose measures on non-cooperative jurisdictions.

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Chi

10 days ago

Actually, it's E and C. They promote effective implementation of FATF recommendations and provide expertise in policy-making.

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Lynelle

11 days ago

I think A and D are correct. They regulate financial institutions and impose measures on non-cooperative jurisdictions.

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Melynda

30 days ago

The correct answers are C and E. FATF-Style Regional Bodies provide expertise and input in FATF policy-making and promote effective implementation of FATF recommendations.

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Percy

2 days ago

C) Providing expertise and input in FATF policy-making

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Anna

6 days ago

B) Providing due diligence for foreign correspondent banks

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Deane

8 days ago

A) Acting as a prudential regulatory body for financial institutions

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Paola

1 months ago

I agree with Stefany. Those two purposes are crucial in ensuring the effectiveness of the FATF recommendations globally.

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Stefany

1 months ago

I think the primary purposes of FATF-Style Regional Bodies are C) Providing expertise and input in FATF policy-making and E) Promoting effective implementation of FATF recommendations.

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