ACAMS
CAMS · Question #764
An AML compliance officer receives an independent audit report with a number of findings. An appropriate response to the report would include:
The correct answer is D. Defining remedial actions based on the findings' root cause analysis. AML audit findings must be analyzed and addressed through remedial actions based on root Option D (Correct): Root cause analysis helps develop effective corrective measures to prevent recurring AML deficiencies.
AML/CFT Compliance Programs
Question
An AML compliance officer receives an independent audit report with a number of findings. An appropriate response to the report would include:
Options
- AReperforming the testing for the controls mentioned in the findings to confirm the results of the
- BAssigning responsibility for reviewing the action plan to the board of directors.
- CDrafting detailed action plans for the audit team to execute to close the findings.
- DDefining remedial actions based on the findings' root cause analysis.
How the community answered
(53 responses)- A4% (2)
- B8% (4)
- C15% (8)
- D74% (39)
Explanation
AML audit findings must be analyzed and addressed through remedial actions based on root Option D (Correct): Root cause analysis helps develop effective corrective measures to prevent recurring AML deficiencies.
Topics
#audit remediation#root cause analysis#action plans#AML compliance officer
Community Discussion
No community discussion yet for this question.