Certified Anti-Money Laundering Specialist (#49)

When and how should an institution appraise the AML risk of a newly developed product? Choose 3 answers

The institution should request the Compliance Officer to review and evaluate the AML risk prior to the product going live
The institution should roll the product out on a preliminary basis to determine what risks develop with regard to the product
The institution should review previous administrative actions to determine if the product has created problems for other institutions
The institution should evaluated where, how and to what extent the product is going to be used