What are the regulatory risks to a bank employee who willfully violates anti-money laundering laws?

The correct answer is C. Criminal investigation and imprisonment. Penalties for AML/CFT violations, including criminal and civil penalties, fines, jail terms, as well as internal sanctions, such as disciplinary action up to and including termination of employment.

AML/CFT Compliance Programs

Question

Options

AInvestigation and reputational damage
BFines and suspension from the industry
CCriminal investigation and imprisonment
DEnforcement actions including fines against the financial institution

How the community answered

(41 responses)

A
5% (2)
B
5% (2)
C
76% (31)
D
15% (6)

Explanation

Penalties for AML/CFT violations, including criminal and civil penalties, fines, jail terms, as well as internal sanctions, such as disciplinary action up to and including termination of employment.

Topics

#employee liability#criminal penalties#willful AML violations#individual sanctions

Community Discussion

No community discussion yet for this question.

Full CAMS Practice