Acams Exam CAMS Topic 2 Question 71 Discussion

Actual exam question for Acams's CAMS exam

Question #: 71
Topic #: 2

[All CAMS Questions]

Which action does the Financial Action Task Force call on member countries to take in the most serious cases when countries have significant strategic AML deficiencies?

AContribute to mutual evaluations

BApply countermeasures

CEliminate all financial dealings

DReport high-risk transactions

Show Suggested Answer

Suggested Answer: A

by Cristy at Apr 12, 2024, 07:38 AM

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Shannon

2 months ago

B) Apply countermeasures - That's the one! FATF is all about taking a firm stance against financial crimes, so countermeasures make perfect sense in this context.

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Dierdre

3 days ago

D) Report high-risk transactions

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Kina

5 days ago

B) Apply countermeasures - That's the one! FATF is all about taking a firm stance against financial crimes, so countermeasures make perfect sense in this context.

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Lorean

8 days ago

A) Contribute to mutual evaluations

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Sylvie

2 months ago

A) Contribute to mutual evaluations - I don't think that's the right answer here. Mutual evaluations are more of a regular process, not a special measure for serious cases.

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Clemencia

2 months ago

C) Eliminate all financial dealings - Whoa, talk about going nuclear! I don't think the FATF would call for that, even in the worst cases.

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Hyun

7 days ago

C) Eliminate all financial dealings - I agree, that seems extreme

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Joseph

13 days ago

D) Report high-risk transactions

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Latrice

16 days ago

B) Apply countermeasures

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Evangelina

19 days ago

A) Contribute to mutual evaluations

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Hoa

2 months ago

D) Report high-risk transactions - Hmm, I'm not sure about that. Reporting alone doesn't seem like a strong enough action in the most serious cases.

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Gerry

2 months ago

B) Apply countermeasures - I think this is the correct answer, as the FATF is known to recommend countermeasures in cases of serious AML deficiencies.

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