Exam CAMS Topic 1 Question 9 Discussion

Actual exam question for ACAMS's CAMS exam
Question #: 9
Topic #: 1

What is a key objective of the Egmont Group?

A. To find ways to promote the development of Financial Intelligence Units and the sharing of expertise. B. To safeguard the financial system from illicit use and combat money laundering and promote national security. C. To issue binding standards that establish consistently operated Financial Intelligence Units in member jurisdictions. D. To provide best practices for financial institutions on how to report suspicious activity to best share the information with law enforcement.

Suggested Answer: A Vote an answer

Explanation
https://egmontgroup.org/en/content/about
"The Egmont Group is a united body of 165 Financial Intelligence Units (FIUs). The Egmont Group provides a platform for the secure exchange of expertise and financial intelligence to combat money laundering and terrorist financing (ML/TF). This is especially relevant as FIUs are uniquely positioned to cooperate and support national and international efforts to counter terrorist financing and are the trusted gateway for sharing financial information domestically and internationally in accordance with global Anti Money Laundering and Counter Financing of Terrorism (AML/CFT) standards.

by Luther at Mar 15, 2024, 02:39 AM

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