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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Clemencia

2 days 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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Hoa

7 days 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

9 days 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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