Acams Exam CAMS Topic 3 Question 84 Discussion

Actual exam question for Acams's CAMS exam

Question #: 84
Topic #: 3

After a FATF mutual evaluation process, which are resulting actions for jurisdictions that are determined to have strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing? (Choose two.)

AExpect private statements from FATF regarding the level of compliance of the jurisdiction, when insufficient progress is made.

BAppeal to FATF for a technical compliance re-rating based on the jurisdiction's own experts criteria.

CDemonstrate a high-level commitment to swiftly resolve the identified deficiencies in the FATF mutual evaluation report.

DRequest FATF for an extension of deadlines in order to provide local awareness on the improvements that are necessary to solve the deficiencies.

EReport to FATF on the implementation of their progress under the enhanced follow-up mechanism.

Show Suggested Answer

Suggested Answer: C, E

by Cary at Sep 19, 2024, 02:23 PM

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Jennie

24 days ago

I'm just hoping I don't end up on the FATF's naughty list. That's gotta be worse than being on Santa's!

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Cordelia

27 days ago

B? Seriously? Good luck getting your 'experts' to convince FATF. They don't take kindly to that kind of nonsense.

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Vincenza

9 days ago

C) Demonstrate a high-level commitment to swiftly resolve the identified deficiencies in the FATF mutual evaluation report.

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Nicholle

14 days ago

A) Expect private statements from FATF regarding the level of compliance of the jurisdiction, when insufficient progress is made.

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Ashanti

1 months ago

D is just wishful thinking. FATF ain't going to give you an extension to get your act together. Better work fast!

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Stefany

17 hours ago

A) Expect private statements from FATF regarding the level of compliance of the jurisdiction, when insufficient progress is made.

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Melissa

2 days ago

E) Report to FATF on the implementation of their progress under the enhanced follow-up mechanism.

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Portia

5 days ago

C) Demonstrate a high-level commitment to swiftly resolve the identified deficiencies in the FATF mutual evaluation report.

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Junita

1 months ago

I think option E is also crucial. Reporting progress is essential for transparency.

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Tommy

1 months ago

I agree with Veronica. It's important to address the deficiencies quickly.

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Veronica

1 months ago

I think option C is the best approach. Showing commitment is key.

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Rolland

1 months ago

I think C is the most important one. Showing genuine commitment to resolving the issues is key. No excuses!

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Lottie

2 months ago

A and E, of course! FATF doesn't mess around when it comes to AML/CFT deficiencies. Better shape up or ship out!

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Lashawn

10 days ago

A) Request FATF for an extension of deadlines in order to provide local awareness on the improvements that are necessary to solve the deficiencies.

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Darell

23 days ago

E) Expect private statements from FATF regarding the level of compliance of the jurisdiction, when insufficient progress is made.

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Carlee

24 days ago

C) Report to FATF on the implementation of their progress under the enhanced follow-up mechanism.

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Barrett

1 months ago

A) Demonstrate a high-level commitment to swiftly resolve the identified deficiencies in the FATF mutual evaluation report.

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