Certified Anti-Money Laundering Specialist (CAMS) 2026 – 400 Free Practice Questions to Pass the Exam

The acronym NCCT in the context of anti-money laundering stands for Non-Cooperative Countries and Territories. This classification is used by organizations such as the Financial Action Task Force (FATF) to identify jurisdictions that have deficiencies in their anti-money laundering and counter-terrorist financing (AML/CFT) measures. These identified countries or territories are often subject to increased scrutiny and may face various sanctions or recommendations aimed at improving their compliance standards.

The categorization of a country or territory as non-cooperative signals to the international community that additional vigilance is necessary when conducting financial transactions involving these jurisdictions. The goal is to encourage these entities to enhance their AML/CFT frameworks, promote transparency, and foster cooperation with international standards to combat money laundering effectively.

Understanding the importance of NCCTs is crucial for professionals in the field as they develop strategies to mitigate risks associated with money laundering and ensure compliance with regulatory expectations.