SIE practice questionmediumAML independent testing
How frequently must an AML program be independently tested for compliance?
- AAnnually✓ Correct answer
- BEvery 5 years
- CEvery 2 years (for small firms)
- DQuarterly
Explanation
Why A — Annually
AML programs must generally be independently tested annually. A less frequent two-year cadence is a limited exception for qualifying firms, so annual testing is the general SIE rule.
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