Which KYC-related finding poses the most risk to the organization?

• A.Backlogs and delays in maintaining client files in accordance with the organization's policy
• B.KYC processes not being integrated into the business and associated application systems
• C.Sanctions fists that are updated on a periodic basis following an annual risk assessment
• D.KYC requirements being considered a low priority not designed into business processes and implemented after product launch

Comment: *

Name: *

Email: *

Verification: *

When evaluating an AML training program tor CFT functions the auditor should verify that:

• A.interns and third parties are not included.
• B.attendees have completed post-course surveys.
• C.ethics training has been delivered to senior management.
• D.tailored training has been provided to AML and CFT staff.

Comment: *

Name: *

Email: *

Verification: *

Which factors should be taken into consideration in designing a follow-up strategy when remedial action needs to be taken due to deficiencies identified in an AML audit?

• A.Available resources and board of directors' commitment
• B.Responsible action owner and internal audit commitment to follow up
• C.Reporting the breach and the regulatory response
• D.Target completion date and status update on remedial action

Comment: *

Name: *

Email: *

Verification: *

Which task should an auditor complete first when preparing to audit the client risk scoring methodology?

• A.Query the completeness of the customer data to be provided.
• B.Discuss the client risk scoring process with the head of AML.
• C.Review the financial institution's AML risk assessment to understand the institution's client base.
• D.Review a list of high-risk customers provided by compliance.

Comment: *

Name: *

Email: *

Verification: *

Which should be incorporated into an AML compliance policy? (Select Three.)

• A.Documentation record keeping
• B.Suspicious activity reporting
• C.Cryptocurrency threat assessment
• D.Financial results reporting
• E.Mandatory training requirements
• F.Credit risk assessment

Comment: *

Name: *

Email: *

Verification: *