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    Question

    Which of the following is NOT considered a core pillar

    of an effective Anti Money Laundering (AML) compliance program in banks?
    A Customer Due Diligence (CDD) Correct Answer Incorrect Answer
    B Suspicious Transaction Reporting (STR) Correct Answer Incorrect Answer
    C Enhanced Risk Appetite Framework Correct Answer Incorrect Answer
    D Record Keeping and Retention Correct Answer Incorrect Answer
    E Employee Training Correct Answer Incorrect Answer

    Solution

    AML compliance programs revolve around CDD, STR, record keeping, and training — not risk appetite frameworks (which are more related to enterprise risk management).

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