What is the purpose of the FATF Recommendations?Choisissez la meilleure optionA comprehensive and consistent framework of measures which countries should implement in order to combat money laundering and terrorist financing. To enable authorities to pursue funds from various criminal activities.A comprehensive and consistent framework of measures which countries should implement in order to combat tipping off and sanctions.

FATF Recommendation 24 states that: (Fill in the blanks)“Countries should take measures to prevent the misuse of legal persons for money laundering or terrorist financing. Countries should ensure that there is , and information on the beneficial and control of legal persons that can be or in a fashion by competent authorities.”

Which of the following statements is TRUE?FATF Standards consist of Recommendations & Methodology to assess compliance & effectiveness of AML/CTF systems.A Risk-Based approach (RBA) is applied under the FATF Recommendations and under Australian law when financial institutions carry out Customer Due Diligence and adopt and apply an AML/CTF Risk Management Program.Members of FATF are not subject to peer evaluation of compliance with FATF Standards.Group of answer choicesAnswers I and II onlyNone of the available answersAnswers II and III onlyAnswers I and III onlyAll available answers

Question 10In the Risk Management Framework (RMF), which step notes the importance of being accountable for potential risks and may involve generating reports or developing plans of action?1 pointCategorizeAuthorizeSelectPrepare

Budgeting, analysis of investment proposals, and provisions of funds are activities associated with what functions inside the organization?

Discretionary fiscal policy action is often taken on the advice of which group?Multiple choice question.Federal Reserve BankEconomic Advisory PanelCouncil of Economic AdvisersBureau of Economic Leaders