Which line of defense would be tasked with interpreting new AML regulations and revising training for client-facing relationship managers?

The correct answer is B. The second line. The second line of defense is responsible for compliance functions, including interpreting new AML regulations and updating policies, procedures, and training programs. This ensures that client-facing staff, such as relationship managers, remain informed and aligned with…

AML/CFT Compliance Programs

Question

Options

AThe first line
BThe second line
CSenior management
DThe third line

How the community answered

(53 responses)

A
4% (2)
B
77% (41)
C
13% (7)
D
6% (3)

Explanation

The second line of defense is responsible for compliance functions, including interpreting new AML regulations and updating policies, procedures, and training programs. This ensures that client-facing staff, such as relationship managers, remain informed and aligned with regulatory

Topics

#three lines of defense#second line#compliance function#AML training

Community Discussion

No community discussion yet for this question.

Full CAMS Practice