Which of the statements is true about internal sanctions screening controls?

Which of the statements is true about internal sanctions screening controls?
A . Taking the list of sanctioned names and converting them to the identical format of the customer file of the financial institution.
B. Training staff in the intricacies of international sanctions.
C. Quarterly testing and validations of the sanctions screening software application.
D. Sending out a list of names annually for each location to screen and report back on the results.

View Answer

Answer: B

Explanation:

It controls the training staff in the intricacies of international sanctions.