Which is a key role of FATF-Style Regional Bodies (FSRBs)?
A.
Support the system of mutual evaluation
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
The Answer Is:
A
This question includes an explanation.
Explanation:
one of the key roles of FATF-Style Regional Bodies (FSRBs) is to support the system of mutual evaluation, which is a peer review process that assesses the level of compliance and effectiveness of each member country’s anti-money laundering and counter-terrorism financing (AML/CFT) regime12. FSRBs conduct mutual evaluations in accordance with the FATF’s methodology and standards, and share the results and recommendations with the FATF and other FSRBs3. Mutual evaluations help identify the strengthsand weaknesses of each country’s AML/CFT system, and provide a basis for technical assistance and follow-up actions4.
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