ACAMS
CAMS · Question #859
In order to prevent financial crime risk, the implemented policies, controls, and procedures must:
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AML/CFT Compliance Programs
Question
In order to prevent financial crime risk, the implemented policies, controls, and procedures must:
Options
- Ainclude sophisticated and automated controls that use the newest types of technology available
- Bbe proportionate with regard to the size and nature of the firm, approved by senior management,
- Cbe completed by the business and validated by an external firm (for example, an auditing or
- Dbe created approved, and owned only by the First Line of Defense business team, and reviewed
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Topics
#AML policies#proportionality principle#senior management approval#governance