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One area of responsibility for the Board of Directors when implementing a successful AML program is to:
Suggested Answer: A
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12 comments · newest first
GA
Garry
12 months ago
Wait, can a board really just hire someone and call it a day?
LA
Laila
1 year ago
C is just not feasible for the board to handle.
EL
Elden
1 year ago
Surprised that some think D is a good option.
AL
Alpha
1 year ago
I disagree, B is more important for long-term success.
SH
Shanice
1 year ago
A is definitely the right choice!
JA
Jamie
1 year ago
Hiring a third-party firm sounds risky; I don’t think the Board can just outsource their responsibility like that. I’d go with ensuring a qualified officer is appointed.
LO
Louvenia
1 year ago
Managing day-to-day processes seems like something the Board wouldn’t typically do. I feel like they should oversee rather than get involved in the details.
MI
Misty
1 year ago
I remember a practice question where the focus was on creating a culture of compliance. It seems like that could be important too, but I’m leaning towards option A.
ER
Erinn
1 year ago
I think the Board needs to ensure they have a qualified chief AML officer, but I'm not entirely sure if that's the only responsibility they have.
KE
Kerry
1 year ago
Okay, I think I've got this. The key is that the accountant is only being asked to review the balance sheet, not the full set of financial statements. So they can't do a complete review, which means option B is the correct answer.
GL
Glenna
1 year ago
Okay, let me see. Alibaba Cloud Elasticsearch is an open-source product, so I'm guessing the answer is True.
CO
Cora
1 year ago
Option D looks interesting, but I'm not sure if that's the most efficient approach. Isn't the Stackdriver Error Reporting library designed to simplify the process of reporting errors? I'd probably go with C to keep things simple.