This quiz is about how compliance actually sits inside a company: who owns what, who checks whom, and how AML / KYC / sanctions fit into the bigger risk picture. What you should know for this topic The basic idea behind the three lines of defense model What the first line (business), second line (risk/compliance), and third line (audit) actually do How policies, procedures, and controls are supposed to connect The difference between monitoring and independent testing Typical gaps and confusion that regulators point out in weak frameworks Use this quiz to see if you can explain... Show more

This quiz is about how compliance actually sits inside a company: who owns what, who checks whom, and how AML / KYC / sanctions fit into the bigger risk picture.

What you should know for this topic

• The basic idea behind the three lines of defense model
• What the first line (business), second line (risk/compliance), and third line (audit) actually do
• How policies, procedures, and controls are supposed to connect
• The difference between monitoring and independent testing
• Typical gaps and confusion that regulators point out in weak frameworks

Use this quiz to see if you can explain your organisation’s setup to a new joiner in plain language.

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