CAMS · Question #752
Which line of defense is solely tasked with providing assurance to the Board of Directors of an organization?
The correct answer is C. The third line of defense. The third line of defense (internal audit) is responsible for providing independent assurance to the Board of Directors about the effectiveness of AML/CFT controls. Option C (Correct): The internal audit function provides independent review and oversight of AML risks to the…
Question
Which line of defense is solely tasked with providing assurance to the Board of Directors of an organization?
Options
- AThe fourth line of defense
- BThe second line of defense
- CThe third line of defense
- DThe first line of defense
How the community answered
(40 responses)- A18% (7)
- B8% (3)
- C70% (28)
- D5% (2)
Explanation
The third line of defense (internal audit) is responsible for providing independent assurance to the Board of Directors about the effectiveness of AML/CFT controls. Option C (Correct): The internal audit function provides independent review and oversight of AML risks to the board.
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