Acams Exam CAMS Topic 4 Question 82 Discussion

Actual exam question for Acams's CAMS exam

Question #: 82
Topic #: 4

[All CAMS Questions]

Which of the below statements are supported by the Financial Action Task Force (FATF) 40 Recommendations adopted in 2012? (Select Two.)

ARegulators should direct Financial Institutions to establish appropriate frameworks to avoid banking higher-risk customers.

BNations should work towards implementing targeted financial sanctions in alignment with the UN Security Council.

CNations should establish frameworks that take a risk-based approach to prevent and mitigate money laundering and terrorist financing.

DGovernments must work toward developing identical administrative and operational frameworks for investigating and prosecuting crime.

ENations should take measures to ensure there is transparency to the beneficial ownership of legal persons.

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Suggested Answer: B, C

by Dorothy at Aug 27, 2024, 09:16 AM

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4 days ago

I think statement C is definitely supported by the FATF 40 Recommendations.

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