Cams Certification Practice Exam Answers Pdf Update 2024

Which response represents a high-level principle for FATF-Style Regional Bodies (FSRB)? A. Membership, mission, financial procedures, and budget B. Dependent with different experiences to strengthen the overall effort C. Access to documents and assistance with meetings D. Reciprocity for effective participation and recognition of work {Ans: Answer: D}Which two statements in the Wolfsberg Group's "Suppression of the Financing of Terrorism" define the role financial institutions should play in the fight against terrorism? (Choose two.) A. Financial institutions need to assist competent authorities in fighting terrorist financing through prevention, detection and information sharing. B. Financial institutions need to continuously analyze the types of activity related to terrorist financing and develop models that in the long term will drive down terrorism. C. Financial institutions should have financial intelligence units dedicated to the investigation of activity that would lead to the detection of terrorist financing as a means to decrease global terrorism. D. Financial institutions should apply extra due diligence whenever they see suspicious or irregular activities, especially when customers are engaged in sectors or activities that have been identified by competent authorities as being used for the financing of terrorism. {Ans: Answer: A,D}Which is a key role of FATF-Style Regional