Acams Exam CAMS Topic 2 Question 71 Discussion

Actual exam question for Acams's Certified Anti-Money Laundering Specialist exam

Question #: 71
Topic #: 2

[All Certified Anti-Money Laundering Specialist Questions]

The main purpose of the US Treasury Department for OFAC's extraterritorial reach is to:

Aaccomplish the foreign policy and national security goals of the US.

Bdefend the US against questionable trade practices of its economic rivals.

Cprotect allied nations of the US from the economic threats of non-allied nations.

Dalign OFAC's and other countries' extraterritorial reach requirements.

Show Suggested Answer

Suggested Answer: A

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

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Annabelle

12 days ago

Seriously, Chauncey? That's the most boring answer ever. Where's the excitement, the intrigue? I'm going with option B. Gotta protect our economic supremacy, you know?

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Patrick

12 days ago

I hear you, Yvette, but sometimes you've got to play hardball to protect your turf. Those other countries are always trying to undercut us, and we can't just roll over and let them do it.

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Yvette

12 days ago

Hmm, I don't know, Chauncey. Option B seems a bit too aggressive, don't you think? I mean, shouldn't we be aiming for more diplomatic solutions rather than just defending our economic interests?

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Chauncey

14 days ago

You guys are overthinking this. The answer is clearly option D - OFAC is just trying to align its requirements with those of other countries. Simple as that.

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Colton

15 days ago

Hmm, I'm not convinced. Protecting allied nations seems like a more plausible explanation to me. After all, we're all in this together, right? Option C gets my vote.

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Salome

16 days ago

I'm not so sure about that. I think option B makes more sense - OFAC is there to defend the US against questionable trade practices of its economic rivals, you know, to level the playing field.

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Yuonne

18 days ago

I agree with Lucille. OFAC's reach is all about protecting US interests on the global stage. The other options just don't seem as relevant to me.

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Wow, this question is a tough one. I think the main purpose of OFAC's extraterritorial reach is to accomplish the foreign policy and national security goals of the US. That's why I'm going with option A.

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