ACAMS
CAMS · Question #521
Which test should be included in a bank's Office of Foreign Assets Control sanctions screening audit program?
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AML/CFT Compliance Programs
Question
Which test should be included in a bank's Office of Foreign Assets Control sanctions screening audit program?
Options
- AReviewing wire transfer screening processes to ensure that potential name hits are investigated
- BLooking at copies of suspicious activity reports filed with regulators to ensure completeness
- CEnsuring that all clients with foreign identification are subject to enhanced due diligence
- DExamining Human Resources processes for conducting criminal background checks on
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Topics
#OFAC sanctions audit#wire transfer screening#sanctions compliance program#name-hit investigation