ACAMS
CAMS · Question #588
In order to demonstrate commitment to AML compliance within a bank, the Board of Directors should:
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AML/CFT Compliance Programs
Question
In order to demonstrate commitment to AML compliance within a bank, the Board of Directors should:
Options
- Amonitor the fulfilment of AML compliance duties within the bank.
- Bkeep senior management apprised of key developments in the AML regime and the impact of
- Censure senior management maintains accountability for the effectiveness of the AML program
- Destablish a written AML policy that contains the basic principles to be followed by staff from the
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Topics
#board of directors#AML governance#written AML policy#compliance oversight