A retail bank has just acquired a credit card business. The bankג€™s anti-money laundering policy requires that new empl
Posted: Wed Aug 03, 2022 9:20 am
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. 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.