A retail bank has just acquired a credit card business. The bankג€™s anti-money laundering policy requires that new employees are trained within 30 days of their hire date and refresher training is delivered to all employees on an annual basis.
Is the bankג€™s existing anti-money laundering training adequate to be delivered to employees of the newly acquired credit card business?
A. Yes, the existing training covers the bankג€™s policies, procedures, and processes.
B. No, anti-money laundering training needs to be delivered face-to-face for credit card businesses.
C. No, anti-money laundering training needs to be tailored and focused on the risks specific to the business.
D. Yes, the existing training covers the anti-money laundering regulations that the bank is required to follow.
A retail bank has just acquired a credit card business. The bankג€™s anti-money laundering policy requires that new empl
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