8 Questions
Match the groups with their regions:
APG = Asia Pacific and beyond FATF = Global including Europe and Arab Gulf Moneyval = Mainly Europe with some Middle East MENA = Middle East and North Africa
Match the components of mutual evaluations with their descriptions:
Effectiveness = Assessment of country's measures in producing results Technical compliance = Focus of a site visit by experts to the assessed country
Match the main focus of a site visit with its purpose:
Assessment team visit = To gather evidence that country's measures are effective
Match the Financial Economic Crime exposure with the country's expectations:
Exposure to crime = Determines what is expected from the country
Match the term with its definition:
Gray list = Identifies countries actively working to address strategic short comings Black list = List of countries with serious strategic short comings Enhanced review = Country committed to correcting identified strategic short comings promptly Action plan = Includes clear measures and deadlines for improving anti-money laundering system
Match the consequence with the action:
Being placed on a gray or black list = Could result in economic damage to a country High risk country identified = All members urged to apply increased due diligence FATF assesses significant progress = Follow-up report confirming progress and possibly removing from lists Country develops action plan = Must address identified short comings and implement measures
Match the frequency with its description:
Once per few years to once per ten years = Frequency of country evaluations by FATF Enhanced review = Country subject to this when committed to correcting identified strategic short comings Regular reporting by country concerned = Steps taken after submission of action plan are reported Follow-up report = Published when significant progress in addressing short comings is made
Match the organization with its role:
Financial Action Task Force (FATF) = Foundation to fight financial economic crime Organization under Increased monitoring (gray list) = Countries actively working with FATF to address strategic short comings Call for action country list (blacklist) = List of countries with serious strategic short comings Countermeasures against high risk country = Taken by other countries to protect international financial system
Explore the diverse groups involved in regulating money laundering such as the Asia Pacific Group on Money Laundering (APG), FATF group, and Moneyval group. Learn about the countries from different continents that are members of these groups and their global reach.
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