CAMS Exam Dumps | What is the primary action a financial institution should take before formulating its anti-money laundering

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Question 13/374

What is the primary action a financial institution should take before formulating its anti-money laundering program?

A. It should perform a comprehensive risk analysis

B. It should determine how extensive and well-trained the compliance staff is

C. It should consult with its correspondent banks to determine the nature and extent of their AML programs

D. It should ensure that its training modules for all employees cover all relevant AML issues

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