Certified Anti-Money Laundering Specialist Certification (CAMS) Practice Exam 2025 - Free CAMS Practice Questions and Study Guide

FATF Recommendation 34 emphasizes the importance of ensuring adequate information on participants involved in express trusts. This recommendation highlights the need for countries to implement measures that allow for the identification of individuals who control or benefit from trusts. Adequate information on participants is crucial for effective anti-money laundering (AML) efforts, as it helps authorities trace the flow of funds and identify potential illicit activities related to trust arrangements. By having reliable information about the parties involved in trusts, countries can enhance transparency and accountability, which are fundamental to combating money laundering and terrorist financing.

In contrast, the other options do not align with the core principles set out in FATF recommendations. Limiting access to trust information could actually hinder proper monitoring and enforcement. Reducing the number of trust participants does not necessarily lead to better oversight or control. Lastly, eliminating trustee accountability contradicts the essential role that trustees play in managing trust assets responsibly and in compliance with relevant laws.