Which of the following are considered best practices regarding senior management involvement in a financial crime compliance program? (Choose two.)

The correct answer is A. Setting tone from the top D. Setting clear criteria for escalations to senior management. Best practices for senior management involvement include setting the tone from the top to promote a strong compliance culture and establishing clear criteria for escalations, ensuring that significant financial crime issues are promptly brought to their attention for action.

AML/CFT Compliance Programs

Question

Options

ASetting tone from the top
BMandatory participation in all regulatory inspections
CMandatory attendance and review of all financial crime trainings
DSetting clear criteria for escalations to senior management

How the community answered

(46 responses)

A
74% (34)
B
9% (4)
C
17% (8)

Explanation

Best practices for senior management involvement include setting the tone from the top to promote a strong compliance culture and establishing clear criteria for escalations, ensuring that significant financial crime issues are promptly brought to their attention for action.

Topics

#senior management#tone from the top#compliance governance#escalation criteria

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