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Which of the following pairings is strictly prohibited under the internal compliance governance structure of Regulated Entities (REs) to ensure segregation of duties?

Q: Answer-Which of the following pairings is strictly prohibited under the internal compliance governance stru...

To maintain strict accountability and proper segregation of institutional duties, the KYC guidelines explicitly dictate that the Principal Officer cannot be simultaneously appointed as the Designated Director.

A The Designated Director cannot be the Managing Director of the firm

B The Principal Officer cannot be appointed as the Designated Director

C The Principal Officer cannot communicate directly with the FIU-IND

D The Designated Director cannot be a partner in a partnership firm

E The Audit Committee cannot review quarterly compliance reports

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Which of the following pairings is strictly prohibited under the internal compliance governance structure of Regulated Entities (REs) to ensure segregation of duties?

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