ACAMS
CAMS · Question #216
CAMS Question #216: Real Exam Question with Answer & Explanation
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Question
What is the primary action a financial institution should take before formulating its anti-money laundering program?
Options
- AIt should perform a comprehensive risk analysis
- BIt should determine how extensive and well-trained the compliance staff is
- CIt should consult with its correspondent banks to determine the nature and extent of their AML
- DIt should ensure that its training modules for all employees cover all relevant AML issues
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