Exam CKYCA Topic 2 Question 5 Discussion

Actual exam question for ACAMS's CKYCA exam
Question #: 5
Topic #: 2

What is the First Line of Defense? (FLOD)

A. The ________ line of defense is internal audit. They perform an independent review of the controls applied by the lines of defense. B. The _______ line of defense is also known as the front line, these customer-facing employees are best-equipped to get the information you need for your customer due diligence. Can include Operations, risk, and control teams. C. The _______ line of defense is the compliance and internal control functions. That includes the chief money laundering reporting officer, or MLRO, in charge of managing and monitoring AML and CFT activities.

Comments

0 Happy Clients

0 Shares

0 Demo Downloads

10 Years in Business