One area of responsibility for the Board of Directors when implementing a successful AML program is to:

One area of responsibility for the Board of Directors when implementing a successful AML program is to:
A . ensure the appointment of a qualified chief AML officer.
B. create a culture of compliance based on the profit expectation.
C. manage the day-to-day processes of the compliance program.
D. hire a third-party firm to be responsible for the AML compliance.

View Answer

Answer: A

Explanation:

Reference: https://www.fmu.gov.pk/docs/AML_CFT_Guide_for_Accountants.pdf (30)