As a proper guide to implementation of rule of engagement under Governance, an FI or DNFBP should ensure the following except;
Which of the following is part of the 10 Pillars of AML/CFT Compliance;
The following are components of the 10 Pillars of AML/CFT except;
Customer Due Diligence is a process of establishing that the;
The following is one of the elements of a CDD;
The safeguards of both control and audit functions are necessary to ensure that compliance programs, processes, procedures, policies put in place by management are adequate, effective and efficient. To achieve this, a financial institution should put in place the following rules except;
he level of understanding, capacity, maturity and management support of these human elements determine to a reasonable extent the success of compliance in any organization. Management of compliance given the human needs will fully be achieved by setting the following four (4) rules except;
To ensure proper rule of engagement in AML/CFT compliance, an FI or DNFBP should also ensure practices which of the following;
In the Rules of Engagement in AML/CFT Compliance, the following are important part of it except;
Training is a core pillar of compliance. Since compliance is driven by humans. Knowledge gaps may pose a serious challenge to achieving compliance goals. Consequently, there is a need for training and retraining of compliance personnel and all the critical stakeholders within an organisation in the art of compliance. To achieve this, there is a need to set the following six (6) rules except;
