They also embrace the concept of risk-based compliance management. They expect compliance management to be tailored to the bank, be it large or small, offering standard or specialty financial services, simple or complex products lines, and adjusted as appropriate for the customer base as that issued for the Bank Secrecy Act, also establishes their expectations that a bank's program be risk based. Who are they?

Question

Quizplus · Accepted Answer

The language used in the passage ("they expect compliance management," "their expectations," "establishes their expectations") suggests that the group in question is a regulatory agency or agencies. Choice C, "bank regulatory agencies," best fits this description. Choices A, B, and D are not mentioned in the passage and therefore cannot be the correct answer.

They Also Embrace the Concept of Risk-Based Compliance Management