ACAMS
CAMS · Question #684
A U.S. bank recently received a regulatory order to remediate its AML programs, which included several violations of law. What degree of accountability is it possible for the bank's senior…
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AML/CFT Compliance Programs
Question
A U.S. bank recently received a regulatory order to remediate its AML programs, which included several violations of law. What degree of accountability is it possible for the bank's senior management and employees to face?
Options
- AThe bank's designated AML compliance officer and senior management may face personal
- BThe bank's designated AML compliance officer is likely to face criminal prosecution because the
- CThe bank's designated AML compliance officer is the only individual in the company's senior
- DThe bank's designated AML compliance officer and senior management can face civil prosecution
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Topics
#senior management liability#personal accountability#regulatory order#AML compliance officer