Acams CAMS-FCI Exam - Topic 1 Question 18 Discussion

Actual exam question for Acams's CAMS-FCI exam

Question #: 18
Topic #: 1

How does the Financial Action Task Force (FATF) measure the effectiveness of a country's efforts to combat money laundering and terrorist financing?

AMutual evaluation

BFATF Evaluation Committee

CBasel Committee

DSeries of internal audits followed by reporting to FATF

Show Suggested Answer

Suggested Answer: A

'The FATF measures the effectiveness of a country's efforts to combat money laundering and terrorist financing through a mutual evaluation process. During a mutual evaluation, the FATF assesses a country's legal and institutional framework, its implementation of measures to combat money laundering and terrorist financing, and the effectiveness of its efforts. The FATF then issues a report with recommendations for improvement' [CAMS Study Guide 6th edition, page 15-16].

by Enola at Jul 14, 2025, 04:02 AM

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Lynna

7 months ago

I thought internal audits were part of it too?

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Edwin

7 months ago

Wait, are we sure that's the only method?

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Leota

8 months ago

Totally agree, mutual evaluations are key.

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Veronika

8 months ago

I had no idea FATF did this!

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Alva

8 months ago

It's all about mutual evaluations!

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Alonzo

8 months ago

I vaguely recall something about internal audits, but I believe mutual evaluations are the main method used by FATF.

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Floyd

8 months ago

I’m a bit confused; I thought the FATF Evaluation Committee played a role in this, but now I’m questioning if that’s the right answer.

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Kate

9 months ago

I remember practicing a question about FATF evaluations, and I think mutual evaluation was the answer. It makes sense since they look at compliance.

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Delmy

9 months ago

I think the FATF uses mutual evaluations to assess countries, but I'm not entirely sure how often those happen.

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Sina

9 months ago

Wait, is this asking about how FATF itself is evaluated? I'm a bit confused - I was thinking it was about how FATF evaluates other countries, not itself. I'll have to re-read the question carefully before answering.

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Hester

9 months ago

Okay, I remember learning about FATF's mutual evaluation process in class. That's where FATF sends a team to assess a country's anti-money laundering and counter-terrorist financing measures. I think that's the right answer here.

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Elza

9 months ago

Ugh, I'm not too familiar with FATF and its evaluation methods. I'll have to guess on this one - maybe the FATF Evaluation Committee is involved in the assessment process somehow? Not sure, but I'll give it my best shot.

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Elsa

10 months ago

Hmm, this seems like a straightforward question about FATF's assessment process. I'm pretty confident the answer is mutual evaluation, since that's the main way FATF reviews countries' compliance with its standards.

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Madalyn

10 months ago

I think this question is asking about how FATF evaluates countries' efforts to combat money laundering and terrorist financing. The options mention mutual evaluations, FATF committees, and internal audits, so I'll need to review those concepts to determine the best answer.

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Dewitt

11 months ago

Mutual evaluation - the only answer that makes sense. Unless FATF is secretly run by a bunch of comedians, then maybe the 'Series of internal audits' option is the real winner.

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Gary

10 months ago

B) FATF Evaluation Committee

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Wayne

10 months ago

A) Mutual evaluation

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Christene

12 months ago

I believe FATF also uses the Evaluation Committee to assess a country's efforts in combating money laundering and terrorist financing.

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Ashlyn

12 months ago

B) FATF Evaluation Committee

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Shannan

12 months ago

I think FATF measures effectiveness through mutual evaluation because it involves peer reviews by other countries.

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Sarah

12 months ago

A) Mutual evaluation

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Rutha

12 months ago

The Basel Committee? What does that have to do with FATF? Clearly, the correct answer is mutual evaluation.

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Major

10 months ago

Mutual evaluation is the correct answer. It is how FATF measures a country's efforts.

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Wenona

1 year ago

Internal audits and reporting to FATF? That sounds like a lot of bureaucratic hoops to jump through. Mutual evaluation is the way to go.

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Dewitt

10 months ago

It definitely simplifies the process compared to series of internal audits and reporting.

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Tequila

12 months ago

I agree, it provides a more comprehensive assessment of a country's efforts.

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Gail

12 months ago

Mutual evaluation is definitely a more efficient way to measure effectiveness.

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Brice

1 year ago

The FATF Evaluation Committee? Really? I think that's just a made-up option to trip us up.

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Gayla

11 months ago

I agree, the FATF Evaluation Committee does sound suspicious. It's probably mutual evaluation.

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Tomas

12 months ago

D) Series of internal audits followed by reporting to FATF

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Horace

12 months ago

C) Basel Committee

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Dorthy

12 months ago

B) FATF Evaluation Committee

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Val

12 months ago

A) Mutual evaluation

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Lino

1 year ago

Mutual evaluation seems like the obvious choice here. FATF is all about assessing countries' anti-money laundering efforts.

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Aron

1 year ago

That's not correct. FATF primarily relies on mutual evaluations to assess countries' anti-money laundering and terrorist financing measures.

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Franchesca

1 year ago

D) Series of internal audits followed by reporting to FATF

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Gertude

1 year ago

Yes, that's correct. Mutual evaluation is the main method used by FATF to measure a country's efforts.

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Myra

1 year ago

A) Mutual evaluation

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