ACAMS
CAMS · Question #894
CAMS Question #894: Real Exam Question with Answer & Explanation
The correct answer is C. Providing BSA/AML compliance staff a reporting line to compliance or other second line of. BSA/AML compliance staff should report to the compliance function or another second line of defense internal control function to maintain independence from business line management, ensuring objective oversight and effective compliance controls.
Question
Which of the following measures can help maintain the independence of BSA/AML compliance staff to ensure effective compliance controls?
Options
- AEstablishing BSA/AML compliance staff reporting to the management of the business line in the
- BEnsuring BSA/AML compliance staff is primarily outsourced
- CProviding BSA/AML compliance staff a reporting line to compliance or other second line of
- DProviding BSA/AML compliance staff with a reporting line to the chief financial officer
Explanation
BSA/AML compliance staff should report to the compliance function or another second line of defense internal control function to maintain independence from business line management, ensuring objective oversight and effective compliance controls.
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