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

GIABA, which stands for the Inter-Governmental Action Group against Money Laundering in West Africa, specifically concentrates on combating money laundering and the financing of terrorism within the African region. Established as a specialized agency of the Economic Community of West African States (ECOWAS), its primary aim is to implement and promote anti-money laundering measures and ensure compliance with international standards, including those set by the Financial Action Task Force (FATF). By focusing on money laundering in Africa, GIABA provides a platform for member states to collaborate on various initiatives aimed at strengthening their financial systems against illicit activities and enhancing their capacity to investigate and prosecute financial crimes. This focus is particularly critical given the challenges that money laundering poses to economic development and national security in the region. In contrast, environmental protection, human rights advocacy, and cybersecurity initiatives, while important in their own right, do not align with the primary mission of GIABA. The organization's efforts are centered exclusively on financial integrity and stability, highlighting the urgency of addressing money laundering and related threats in West Africa.