Explanation:

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Anti-money laundering measures are crucial for financial institutions to prevent and detect the use of their services for money laundering or terrorist financing activities.
Effective anti-money laundering measures include establishing robust internal controls, providing regular training to employees, conducting regular audits and reviews, and ensuring compliance with all relevant laws and regulations.
It is important for organizations to foster a culture of compliance where all employees understand their roles and responsibilities in relation to anti-money laundering procedures and are committed to adhering to these procedures.
Any measure that could potentially incentivize suspicious activities or compromise the independence and objectivity of audits and reviews should be avoided as it could undermine the effectiveness of the anti-money laundering program.

Q.2991 Blackest Bank wants to promote an anti-money laundering culture. Which of the following is an appropriate action by the senior management to enable them to achieve the said task?

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Last updated: July 5, 2026 at 07:21

As an employment condition, compliance with anti-money laundering procedures should be included.

The management should have close ties with the anti-money laundering program’s independent auditors.

Employee’s compensation should be based on the how many suspicious activities they engage in.

Back-end employees must attend training sessions with frontline employees.

Financial Risk Manager Part 2