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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Which sector does the Financial Sector Assessment Program primarily evaluate?

Healthcare sector
Financial sector
Manufacturing sector
Retail sector

The correct answer is: Financial sector

The Financial Sector Assessment Program (FSAP) primarily evaluates the financial sector because it is designed to assess the soundness and stability of a country's financial system. This program includes a comprehensive analysis of various components of the financial sector, such as banking, insurance, securities, and payment systems, aiming to promote financial stability and reduce vulnerabilities. By focusing specifically on the financial sector, the FSAP helps identify strengths, weaknesses, and potential risks within the financial system, contributing to more robust regulatory frameworks and better oversight practices. Other sectors, such as healthcare, manufacturing, and retail, are not the main focus of the FSAP, which is specifically tailored to understand and improve the dynamics and risks associated with financial institutions and markets.