Correct Answer:
C
Outsourced Training Oversight Requirements:
CAMS-Audit emphasizes that institutions must ensure outsourced providers deliver training aligned
with internal policies and regulatory standards.
Control Mechanisms for Outsourced AML Providers:
The bank must have controls in place to:
Review the content of training sessions.
Validate trainer qualifications.
Assess the effectiveness of training through feedback or testing.
Deficiencies in the Current Approach:
Failure to implement verification mechanisms for outsourced training compromises the consistency
and quality of the AML education program.
Regulatory Requirements:
FATF and Basel guidelines mandate oversight of third-party service providers, especially for critical
functions like AML compliance training.
