SIE practice questionmediumAML independent testing
How frequently must an AML program be independently tested for compliance?
- AAnnually
- BEvery 5 years
- CEvery 2 years (for small firms)✓ Correct answer
- DQuarterly
Explanation
Why C — Every 2 years (for small firms)
AML programs must be independently tested annually, but small firms can test at least every 2 years.
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