What conclusion should the auditor make regarding AML training for outsourced AML providers?

Outsourced Training Oversight Requirements:

CAMS-Audit emphasizes that institutions must ensure outsourced providers deliver training aligned with internal policies and regulatory standards​​.

Control Mechanisms for Outsourced AML Providers:

The bank must have controls in place to:

Review the content of training sessions.

Validate trainer qualifications.

Assess the effectiveness of training through feedback or testing.

Deficiencies in the Current Approach:

Failure to implement verification mechanisms for outsourced training compromises the consistency and quality of the AML education program.

Regulatory Requirements:

FATF and Basel guidelines mandate oversight of third-party service providers, especially for critical functions like AML compliance training​​.