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

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What is MONEYVAL primarily focused on?

Development of credit management strategies
Evaluation of anti-money laundering measures
Support for local economies
Regulation of banking operations in Europe

The correct answer is: Evaluation of anti-money laundering measures

MONEYVAL is primarily focused on the evaluation of anti-money laundering measures. It is a committee of the Council of Europe that assesses the compliance of its member states with international standards regarding the fight against money laundering and the financing of terrorism. The organization conducts country evaluations, reviews the effectiveness of existing anti-money laundering frameworks, and offers recommendations for improvement. This work not only helps to monitor adherence to international commitments but also aims to enhance the effectiveness of anti-money laundering regimes in the member states, thereby contributing to the global effort to combat financial crime. The other options do not align with the core objectives of MONEYVAL, as its primary mission is not about credit management strategies, supporting local economies, or regulating banking operations in Europe.