Assessing and Managing Money Laundering Risks in Foreign Jurisdictions | CAMS Exam Prep

Effective AML Monitoring Program for Foreign Jurisdictions

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Question

When assessing and managing money laundering risks while operating in foreign jurisdictions different from that of the head office, an effective AML monitoring program should:

Answers

A. be tailored to the higher of standards between the jurisdictions.

B. conform to the foreign jurisdiction policies to align with the head office policies.

C. Be consistent with the head office audits.

D. Provide all foreign jurisdiction reports to the head office for approval.

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Explanations

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A. B. C. D.

When operating

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