ACAMS
CAMS · Question #924
CAMS Question #924: Real Exam Question with Answer & Explanation
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Question
An organization is developing a comprehensive anti-money laundering (AML) framework. Which of the following statements best describes the relationship between AML policies and procedures?
Options
- APolicies are detailed instructions for specific processes. Procedures are an overarching
- BPolicies are broad guidelines. Procedures are detailed Instructions for specific processes. Only
- CPolicies are detailed instructions for specific processes Procedures are an overarching framework
- DPolicies define the principles of an organization and influence the drafting of procedures.
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