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

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Prepare for the Certified Anti-Money Laundering Specialist Certification (CAMS) exam. Study with multiple choice questions, each with hints and explanations. Boost your chances of success!

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What approximate number of members are currently in the Egmont Group?

Over 50 members
Over 75 members
Over 100 members
Over 115 members

The correct answer is: Over 115 members

The Egmont Group is an international organization that facilitates cooperation and collaboration among financial intelligence units (FIUs) worldwide. As of the information available up to October 2023, the group was reported to consist of over 115 members. This number indicates a robust network of FIUs dedicated to combating money laundering and terrorist financing through the sharing of financial intelligence and cooperation between member countries. The correct choice reflects the group's significant growth and the increasing global emphasis on enhancing financial security and transparency. This membership strength allows for better information exchange and more effective measures against illicit financial activities globally. The Egmont Group's expanding size underscores the importance of international collaboration in addressing complex financial crimes that transcend national borders.