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

FATF Recommendation 28 emphasizes that competent authorities should possess powers of subpoena, search, and seizure. These authorities are crucial for effective enforcement of anti-money laundering (AML) measures. The power of subpoena allows authorities to compel individuals or entities to provide information or documents that are vital for investigations. The ability to search and seize property aids in the gathering of evidence related to money laundering activities, enabling a thorough investigation and prosecution.

Granting these powers ensures that authorities can act decisively and effectively against money laundering and related financial crimes, bolstering the overall integrity of the financial system. This recommendation aims to empower law enforcement and regulatory bodies to address serious offenses, enhancing their ability to combat financial crime comprehensively.

In contrast, while regulating financial advisors, approving financial transactions, or defining money laundering are important functions, they do not encapsulate the robust enforcement powers necessary for competent authorities to effectively prevent and respond to money laundering as per the recommendations laid out by FATF.