ACAMS
CAMS · Question #258
The local manager of a remote mortgage origination department of a financial institution has just discovered that sanctions screening of new customers is not being performed. Which action should the l
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AML/CFT Compliance Programs
Question
The local manager of a remote mortgage origination department of a financial institution has just discovered that sanctions screening of new customers is not being performed. Which action should the local manager take in this situation?
Options
- AStart screening new customers
- BImmediately inform the regulators
- CImmediately inform senior management
- DDo nothing because the department only handles a very small number of mortgages
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Topics
#sanctions screening gap#compliance escalation#internal reporting#senior management notification