CAMS Exam Dumps | In order to demonstrate commitment to AML compliance within a bank, the Board of Directors should:

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Question 227/374

In order to demonstrate commitment to AML compliance within a bank, the Board of Directors should:

A. monitor the fulfilment of AML compliance duties within the bank.

B. keep senior management apprised of key developments in the AML regime and the impact of applicable laws and legislations.

C. ensure senior management maintains accountability for the effectiveness of the AML program implementation.

D. establish a written AML policy that contains the basic principles to be followed by staff from the top down.

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