CAMS Exam Dumps | Which statements relate to the mandate, roles, and responsibilities of the Financial Action Task Force

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Question 349/374

Which statements relate to the mandate, roles, and responsibilities of the Financial Action Task Force (FATF) and the FATF-Style Regional Bodies (FSRBs)? (Select Two).

A. In the process of setting standards. FATF will only consider inputs from its member countries as part of the consultation process.

B. FSRBs have the right to develop standards with which their member countries are bound to comply.

C. FSRBs play an essential role in identifying and addressing AML technical assistance needs for their individual member countries.

D. FATF and FSRBs are free-standing organizations that share the common goals of combating money laundering and the financing of terrorism and proliferation.

E. FATF member countries cannot be members of an FSRB at the same time.

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