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Question 297

Which is a key role of FATF-Style Regional Bodies (FSRBs)?

  • A. Support the system of mutual evaluation Most Votes
  • B. Setting regional standards for combatting money laundering
  • C. Bring additional terrorist financing laws into action in the region
  • D. Enforce the specific FATF laws in the region
Answer:

A


User Votes:
A 14 votes
50%
B 14 votes
50%
C 1 votes
50%
D 6 votes
50%
Discussions
0 / 1000
ronbea04
1 year ago

The main task of FSRBs is to set up systems for combating money laundering, financing of terrorism and proliferation in their respective regions.

aseel
6 months ago

A. Support the system of mutual evaluation

sarah.husain
3 weeks, 1 day ago

FSRBs play an essential role in identifying and addressing whatever
AML/CFT technical assistance their individual members might need. FSRBs
that coordinate technical assistance for their members also offer mutual
evaluation and follow-up processes.

alban_999
4 days, 14 hours ago

Option A is fundamental role of FATF-Style Regional Bodies (FSRBs) as they help ensure that member countries are assessed and monitored for compliance with FATF standards, but even B is relevant as FATF-Style Regional Bodies (FSRBs) play a crucial role in adapting and implementing FATF standards to fit regional contexts and needs.