ACAMS
CAMS · Question #701
When under a regulator's consent order or similar action, who at an organization is ultimately accountable for the remediation of any violations of AML/CFT laws and regulations?
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AML/CFT Compliance Programs
Question
When under a regulator's consent order or similar action, who at an organization is ultimately accountable for the remediation of any violations of AML/CFT laws and regulations?
Options
- AChief Operating Officer (COO)
- BBoard of Directors
- CDesignated AML Compliance Officer
- DChief Executive Officer (CEO)
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Topics
#Board of Directors#regulatory accountability#consent order#governance