Which of the following are considered best practices for effective AML/CFT training programs? (Select Three.)

The correct answer is A. Training should cover practical examples, use case studies, and provide information on how to B. Up-to-date records including logs of training and completion dates should be maintained. D. Training should cover the consequences of not complying with policies and procedures. A: "Effective training includes practical examples and use cases tailored to the business." B: "Firms must keep accurate records of all AML/CFT training, including completion logs." D: "Staff should be aware of the consequences of non-compliance with AML/CFT obligations."(CAMS…

AML/CFT Compliance Programs

Question

Options

ATraining should cover practical examples, use case studies, and provide information on how to
BUp-to-date records including logs of training and completion dates should be maintained.
CTraining should be broad, high level, and not role-specific in order to reach the largest audience.
DTraining should cover the consequences of not complying with policies and procedures.
ETraining should always be provided by an independent third party.

How the community answered

(23 responses)

A
83% (19)
C
13% (3)
E
4% (1)

Explanation

A: "Effective training includes practical examples and use cases tailored to the business." B: "Firms must keep accurate records of all AML/CFT training, including completion logs." D: "Staff should be aware of the consequences of non-compliance with AML/CFT obligations."(CAMS 6th Edition, AML/CFT Training and Awareness)

Topics

#AML training program#role-specific training#training records#compliance awareness

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