Which is the most significant risk associated with KYC requirements being considered a low priority not designed into processes and subsequently implemented after the products are already launched?
Which should the external auditor recommend to ensure that the institution did not facilitate transactions involving a sanctioned person?
Which conclusion should the auditor make regarding the staff attendance of the periodic AML training program organized by the bank?
What conclusion should the auditor make regarding AML training for outsourced AML providers?
The auditor finds that the customer risk assessment (CRA) is completed at initial onboarding and is repealed for each customer every other year. The auditor’s observations should Include that the CRA should:
The auditor identifies that the bank launched trade finance services this year. The target clients are multinational companies who actively support China's belt and road initiatives. Which scoring themes would be affected? (Select Two.)
