Ace the 2026 CAMS Challenge – Uncover Your Anti-Money Laundering Mastery!

Question: 1 / 455

What does CFATF stand for?

Central Financial Advisory Task Force

Countries' Financial Accountability Task Force

Caribbean Financial Action Task Force

CFATF stands for the Caribbean Financial Action Task Force, which is an organization established to promote and implement policies aimed at combating money laundering and terrorist financing in the Caribbean region. It plays a crucial role in fostering international cooperation and ensuring that member countries adopt effective measures to address financial crimes. This includes setting standards and reviewing the implementation of anti-money laundering and counter-terrorist financing measures among its members. By focusing on the Caribbean area, CFATF addresses the unique challenges and risks associated with money laundering activities prevalent in that region. Understanding the function and goals of CFATF is vital for professionals in the field of anti-money laundering, as it shapes the regulatory environment and collaborative efforts within the Caribbean.

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Coalition for Financial Assistance in the Caribbean

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