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Question 347

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, 3 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
5 days, 14 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