What kind of person should perform the independent testing of an institutions anti-money laundering program?
A.
A certified specialist in the anti-money laundering field
Most Votes
B.
A former anti-money laundering officer from a similar institution
C.
A person who reports directly to the Board of Directors or a Board Committee
D.
A retired government regulator or federal law enforcement officer
Answer:
A
User Votes:
A 45 votes
50%
B
50%
C 15 votes
50%
D
50%
Discussions
0/ 1000
AnaA.
1 year, 4 months ago
A. Un spécialiste certifié dans le domaine de la lutte contre le blanchiment d'argent
AnaA.
1 year, 4 months ago
A. Un spécialiste certifié dans le domaine de la lutte contre le blanchiment d'argent
zahidgokal
1 year, 3 months ago
Should be C as Independent Testing is a third line of defense, which is normally Audit Function and Head of Audit provides independent assurance to Board / Board Audit. further reference, Ref: ACAMS text book sixth edition page #163, section Independent Audit
Pinkrose
7 months, 3 weeks ago
C is correct
aseel
6 months ago
C independent testing that directly reports to the board
alban_999
6 days, 12 hours ago
While it is highly beneficial for the person performing the independent testing of an institution's anti-money laundering (AML) program to be a certified specialist in the AML field, it is not strictly required, the most critical aspect is ensuring that the testing is conducted independently and that the individual reports directly to the Board of Directors or a Board Committee to maintain objectivity and oversight
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A. Un spécialiste certifié dans le domaine de la lutte contre le blanchiment d'argent
A. Un spécialiste certifié dans le domaine de la lutte contre le blanchiment d'argent
Should be C as Independent Testing is a third line of defense, which is normally Audit Function and Head of Audit provides independent assurance to Board / Board Audit. further reference, Ref: ACAMS text book sixth edition page #163, section Independent Audit
C is correct
C independent testing that directly reports to the board
While it is highly beneficial for the person performing the independent testing of an institution's anti-money laundering (AML) program to be a certified specialist in the AML field, it is not strictly required, the most critical aspect is ensuring that the testing is conducted independently and that the individual reports directly to the Board of Directors or a Board Committee to maintain objectivity and oversight