What is the benefit to business if the employee is compliant with AML regulations? Delays all the daily activities Raises multiple customer complaints O Helps to address customer complaints o Helps to do business efficiently and in a timely manner
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raises multiple customer complaint
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Answer:
The correct answer is option D
Explanation:
- Anti-money-laundering (AML) rules and procedures exist to assist financial institutions in combating money laundering by discouraging criminals from participating in transactions to conceal the source of cash associated with unlawful activities.
- Anti-money laundering (AML) regulations are implemented to dissuade criminals from transferring illicit monies into the banking system. Money laundering methods are designed to disguise the origin and ownership of funds earned via criminal activities such as drug trafficking and terrorism.
- An AML compliance program's goal is to detect, respond to, and eradicate inherent and residual risks of money laundering, terrorist financing, and fraud. Businesses must follow a number of standards in order to build a solid AML compliance programme that helps reveal criminal actors and avoid non-compliance costs.
- As corporate activities expand abroad, the dangers increase, as do the consequences of noncompliance with AML regulations and financial sanctions violations. Some of the serious implications include disciplinary fines, large penalties, legal/criminal actions, punishment, and loss to reputation and shareholder trust.
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- https://brainly.in/question/49780281
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