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 38 votes
50%
B
50%
C 12 votes
50%
D
50%
Discussions
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AnaA.
1 year, 1 month ago
A. Un spécialiste certifié dans le domaine de la lutte contre le blanchiment d'argent
AnaA.
1 year, 1 month ago
A. Un spécialiste certifié dans le domaine de la lutte contre le blanchiment d'argent
zahidgokal
1 year, 1 month 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
5 months, 2 weeks ago
C is correct
aseel
3 months, 3 weeks ago
C independent testing that directly reports to the board
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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