Cams Exam Quesiton No 1
Question No 1:
An anti-money laundering specialist has been asked to create internal anti-money laundering policies, procedures and controls for a recently chartered offshore financial institution. Which of the following should be included?
A. A training program for senior management and staff.
B. An anti-money laundering compliance program, internal audit program, and procedure
manual.
C. Basel Committee on Banking Supervision's capital adequacy requirements for the host country.
D. Compliance requirements of host and chartering countries.
Answer: A, B, D
An anti-money laundering specialist has been asked to create internal anti-money laundering policies, procedures and controls for a recently chartered offshore financial institution. Which of the following should be included?
A. A training program for senior management and staff.
B. An anti-money laundering compliance program, internal audit program, and procedure
manual.
C. Basel Committee on Banking Supervision's capital adequacy requirements for the host country.
D. Compliance requirements of host and chartering countries.
Answer: A, B, D
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