Which of the following attributes would enhance an AML program's effectiveness?
A.
Providing basic AML training to all employees
B.
An AML officer being appointed to the board as a working member of management with increased authority
C.
Auditors providing prescriptive guidance and support to the program following a less than satisfactory audit
D.
Providing effective challenge with AML staff and continuous cross-training
The Answer Is:
D
This question includes an explanation.
Explanation:
Effective AML programs promote aculture of compliance, which includes an environment where staff are empowered to raise concerns, challenge decisions, and continuously improve through cross-functional learning.Providing effective challengeis a supervisory expectation and best practice in institutions that value AML governance integrity.
While AML officer authority (option B) supports oversight, it is not as impactful on daily operational effectiveness as fostering a challenging and adaptive compliance culture.
[Reference: ACAMS CAMS Study Guide – 6th Edition, Chapter: AML Program Components – Section: Culture of Compliance, , , , , , ]
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