Certified Anti-Money Laundering Specialist Certification (CAMS) Practice Exam

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GAFISUD is known as the Financial Action Task Force focused on which region?

  1. North America

  2. South America

  3. Asia

  4. Europe

The correct answer is: South America

GAFISUD is the Financial Action Task Force (FATF) that focuses specifically on South America. Its establishment aligns with the global effort to combat money laundering and terrorist financing in the region, providing a framework for cooperation among member countries. By concentrating on South America, GAFISUD adapts to the unique challenges and patterns of financial crime prevalent in that area, promoting measures to enhance financial integrity and bolster regional cooperation. The other options represent regions that are addressed by different FATF-style regional bodies, but they are not directly related to GAFISUD’s focus. Understanding GAFISUD’s role is crucial for comprehending the collaborative efforts undertaken at a regional level to mitigate the risks associated with financial crimes.

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