Cams Exam Quesiton No 32

Question No 32:

What are the three key goals of an anti-money laundering program?

A. Prevent and detect money laundering and terrorist financing; report suspicious activity to proper authorities if the laws or regulations require it; train all pertinent employees.
B. Satisfy regulatory requirements; report suspicious activity to proper authorities if the laws or regulations require it; train all pertinent employees.
C. Train all pertinent employees if the laws require it; prevent money laundering; prevent terrorist financing.
D. Reduce regulatory burdens; help the court systems in convicting money launderers; protect the institution.

Answer: A