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NEW QUESTION: 1
The policy and procedure manual no longer reflects current practices. This situation is a risk management issue because
A. training of new personnel will not be standardized.
B. the manual represents the normal course of business.
C. broad and permissive policy statements cannot commit the organization to a course of action.
D. supervisory time and effort will be wasted to correct the manual.
Answer: B
NEW QUESTION: 2
An anti-money laundering specialist has been asked to create internal anti-money laundering policies, procedures and controls for a recently chartered offshore financial institution. Which of the following should be included?
1. A training program for senior management and staff.
2. An anti-money laundering compliance program, internal audit program, and procedure manual.
3. Basel Committee on Banking Supervision's capital adequacy requirements for the host country.
4. Compliance requirements of host and chartering countries.
A. 2, 3, and 4 only
B. 1, 2, and 3 only
C. 1, 3, and 4 only
D. 1, 2, and 4 only
Answer: D
NEW QUESTION: 3
A. Select Plus
B. Microsoft Products and Services Agreement (MPSA)
C. Open Value Subscription
D. Server and Cloud Enrollment (SCE)
Answer: B
Explanation:
Explanation: MPSA can benefit organizations with a minimum of 150 seats.
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