CAFP: Certified AML and Fraud Professional 2023/ 2024 Exam |Grade A |Questions and Verified Answers| 100% Correct (Latest 2023/ 2024 Update)

CAFP 2023/ 2024 Exam |Grade A |Questions

and Verified Answers| 100% Correct (Latest

2023/ 2024 Update)

Q: The following two organizations specialize in conducting assessments for countries to

ascertain compliance with the FATF Recommendations:

Answer:

• International Monetary Fund (IMF),The World Bank.

Q: the following two international organizations focus on counteracting transnational illicit

drugs, crime, and terrorism:

Answer:

•Organization for Economic Co-operation and Development (OECD)

•United Nations Office on Drug and Crime (UNODC).

Q: Which two organizations provide technical assistance to member countries for the

assessment of their compliance with the international standard as contained in the FATF

Recommendations?

Answer:

International Monetary Fund (IMF) and The World Bank (Financial Market Integrity Group).

Q: Which three options identify aims of the UNODC work program?

Answer:

Assist with increasing specialized expertise and skills of criminal justice officials, Enhance

international and regional cooperation in combating the financing of terrorism through

information exchange and mutual legal assistance, Strengthen legal, financial and operational

capacities to deal effectively with money-laundering and the financing of terrorism.

Q: Among the international partners in AML, which two organizations focus primarily on tax

and anti-money laundering practices and fighting transnational crimes, including illicit drugs,

crime and terrorism?

Answer:

OECD, (UNODC).

Q: IMF?

Answer:

focuses on AML/CFT technical assistance and the assessment of member countries' compliance

with the FATF Recommendations.

Q: Egmont Group?

Answer:

primary role is to promote the development of FIUs and facilitate their cooperation in the areas

of information exchange, training, and the sharing of expertise.

Q: What entities comprise the Basel Committee on Banking Supervision?

Answer:

Central banks.

Q: Which international organization focuses its anti-money laundering (AML) efforts primarily

on customer due diligence?

Answer:

The Basel Committee on Banking Supervision.

Q: In what way did the Financial Action Task Force (FATF) methodology for conducting

mutual evaluations change in 2012?

Answer:

FATF now adds an effectiveness assessment as a new component.

Q: Which option describes the work of the Wolfsberg Group?

Answer:

To develop frameworks and guidance for the management of financial crime risks, particularly

with regard to Know Your Customer.

Q: Which option identifies the two international organizations that run the Stolen Asset

Recovery (StAR) Initiative?

Answer:

The World Bank and the United Nations Office on Drug and Crime (UNODC).

Q: Which international organization focuses its efforts primarily on tax crimes?

Answer:

The Organisation for Economic Co-operation and Development (OECD).

Q: Which option identifies the two international organizations that assist the Financial Action

Task Force (FATF) in assessing countries' compliance with anti-money laundering/counter

financing of terrorism (AML/CFT) requirements?

Answer:

The World Bank and the International Monetary Fund (IMF).