The bank's risk committee is currently deliberating on strategies to enhance its approach to handling money laundering and financial terrorism (ML/FT) risks. Considering best practices in the industry, what would be the most suitable recommendation for the bank to propose in order to strengthen its ML/FT risk management efforts?

Exam-Like

Require the bank's business units to screen potential employees as part of the first line of defense in managing ML/FT risk.

52.8%

Establish a threshold transaction value and review alltransactions above this threshold for evidence of ML/FT.

25.0%

Exclude politically exposed persons (PEPs) from screening for ML/FT risk due to their much lower ML/FT risk.

8.3%

Give the compliance and legal functions the primary responsibility for managing ML/FT risk.

13.9%

Financial Risk Manager Part 2