Certified Anti-Money Laundering Specialist Certification (CAMS) Practice Exam 2026 - Free CAMS Practice Questions and Study Guide

The correct choice aligns with the FATF's guidelines, which emphasize a risk-based approach to combating money laundering and terrorist financing. The FATF (Financial Action Task Force) recognizes that various sectors can be vulnerable to these risks, not just the financial sector. Therefore, its recommendations are intended to be applicable to any business or profession that may pose a risk of being used for money laundering or terrorist financing activities.

This inclusive approach acknowledges that a wide range of entities—such as real estate agents, lawyers, casinos, and others—can be exploited for illicit financial activities. By extending recommendations beyond banks and financial institutions, the FATF promotes a comprehensive strategy that anticipates and mitigates risks across all sectors, reflecting the diverse ways in which money laundering can occur in today's interconnected economies. This allows for a more effective and holistic response to financial crime.