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

FATF Recommendation 36 calls for countries to:

1. Limit their legal assistance internationally

2. Provide mutual legal assistance

3. Restrict the sharing of financial data

4. Ensure only bilateral agreements

The correct answer is: Provide mutual legal assistance

FATF Recommendation 36 emphasizes the importance of international cooperation in the fight against money laundering and terrorist financing. It specifically calls for countries to provide mutual legal assistance in investigations and prosecutions of these crimes. This mutual legal assistance is crucial as it allows countries to collaborate effectively, share information, and provide support in gathering evidence across borders. Such cooperation enhances the ability to trace illicit financial flows and bring offenders to justice, making it instrumental in combating the global nature of these criminal activities. Recognizing the interconnectedness of financial systems and criminal behavior, mutual legal assistance helps ensure that jurisdictions work together to disrupt and dismantle transnational crime networks. The other options do not align with the spirit of FATF Recommendation 36, which seeks to enhance, rather than limit, international cooperation and information sharing. Limiting legal assistance, restricting data sharing, or ensuring only bilateral agreements would hinder the collective efforts necessary to tackle money laundering and terrorist financing on a global scale.