When reviewing an AML policy, an auditor should expect to find that the policy.
A.
is aligned with investment strategy.
B.
was reviewed and approved by the money laundering reporting officer.
C.
has been approved by regulators.
D.
contains items related to staff training.
The Answer Is:
D
This question includes an explanation.
Explanation:
AML Policy Expectations:
Staff training is a fundamental component of an effective AML program. FATF Recommendations and Basel Committee guidelines require AML policies to address staff training to ensure compliance with AML/CFT laws​
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