To whom should the compliance officer provide regular updates of corrective action to help ensure the appropriate oversight?

A recent anti-money laundering audit revealed several regulatory reporting violations and lapses with the organization’s anti-money laundering policy. As a result, the compliance officer has created a follow-up matrix to document progress in correcting the identified deficiencies.

To whom should the compliance officer provide regular updates of corrective action to help ensure the appropriate oversight?
A . Audit management
B. Human Resources
C. Business line managers
D. Designated board committee

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Answer: D