Certified Anti-Money Laundering Specialist (#43)

A prospective AML officer comes highly recommended by a bank’s up-stream correspondent institution of similar size and make-up, located in a different city in the same country. The bank is interested in hiring the individual. What should be the next step taken by the Board of Directors?

Do a thorough background check
Confer with its regulatory agency to determine whether it is appropriate to hire the person
Hire the individual, relying on the recommendation of its correspondent
Hire the individual on a probationary basis so that the institution can determine if the individual is sufficiently experienced and capable