Who meets the standard to perform the AML audit? (Select Two.)

The correct answer is B. An internal auditor with the requisite knowledge and expertise of AML D. Qualified bank staff if not involved in the AML function being tested. An internal auditor with the requisite knowledge and expertise of AML: An internal auditor with sufficient knowledge and expertise in AML regulations and compliance requirements can perform Qualified bank staff if not involved in the AML function being tested: Qualified bank…

AML/CFT Compliance Programs

Question

Options

AAn internal auditor with a family member employed in the AML department
BAn internal auditor with the requisite knowledge and expertise of AML
CA consultant previously employed in the AML department within the past 2 years
DQualified bank staff if not involved in the AML function being tested
EA consultant with limited knowledge and experience in AML but many years of internal audit

How the community answered

(21 responses)

B
81% (17)
C
5% (1)
E
14% (3)

Explanation

An internal auditor with the requisite knowledge and expertise of AML: An internal auditor with sufficient knowledge and expertise in AML regulations and compliance requirements can perform Qualified bank staff if not involved in the AML function being tested: Qualified bank staff who are not involved in the AML function being audited can perform the AML audit.

Topics

#AML audit#independence#internal audit#qualifications

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