According to the ACAMS study guide, one of the training elements that should be delivered to new tellers during employee orientation is "large cash transaction reporting procedures" (p. 224). This is because tellers are often the first line of defense against money laundering and have the responsibility to identify and report any transactions that exceed the threshold of $10,000 or are otherwise suspicious. The other options are not relevant for tellers, as they are more suitable for higher-level or specialized staff.
ACAMS. (2020). Study Guide for the Certification Examination for Anti-Money Laundering Specialists (6th ed.). Miami, FL: ACAMS.
AML Requirements for Tellers 1
Deposit Compliance Training Courses 2
As the compliance officer is providing overview of the "bank's anti-money laundering program to a group of new tellers during employee orientation"

AML audit findings must be analyzed and addressed through remedial actions based on root cause analysis.
Option D (Correct): Root cause analysis helps develop effective corrective measures to prevent recurring AML deficiencies.
Option A (Incorrect): Retesting controls may be useful, but addressing deficiencies is more critical.
Option B (Incorrect): While the board oversees compliance, the responsibility for implementing fixes lies with AML teams.
Option C (Incorrect): Audit teams provide findings but do not execute corrective actions.
Best Practices for Addressing AML Audit Findings:
Identify the root cause of AML control failures.
Develop risk-based remediation plans.
Implement and monitor corrective actions.
Reference:
FATF Recommendation 18 (AML Internal Controls & Audit)
Basel Committee's Guidelines on AML Audits
Wolfsberg Group Principles for AML Risk Management
Final Thoughts:
Suspicious stock price movements can indicate market manipulation linked to money laundering.
EU AML and GDPR regulations enforce strict data minimization and AI compliance requirements.
Bearer shares, nominee directors, and tax-haven corporations increase money laundering risks.
AML audit findings should be addressed through root cause analysis and corrective actions.

A U.S. bank must block or reject an international funds transfer when there is an OFAC designated party to the transaction, regardless of the beneficiary or the correspondent bank. This is because the U.S. bank is prohibited from dealing with any person orentity that is on the Specially Designated Nationals and Blocked Persons List (SDN List) or subject to any other OFAC sanctions program1. The SDN List includes individuals, groups, and entities, such as terrorists and narcotics traffickers, that are designated under programs that are not country-specific2. The U.S. bank must also report any blocked or rejected transactions to OFAC within 10 business days3.
1: FFIEC BSA/AML Office of Foreign Assets Control - Office of Foreign ... 2: Specially Designated Nationals And Blocked Persons List (SDN) Human ... 3: [Reporting Blocked Transactions | Office of Foreign Assets Control]

the internal investigation did not examine the brokerage account, which could be a potential source of money laundering. According to the CAMS Study Guide, 6th Edition, one of the common methods of money laundering is to use securities brokers to move funds through the purchase and sale of stocks, bonds, or other instruments1. The customer's frequent transfers from the business account to the brokerage account, and the increased volume of activity in the business account, could indicate that the customer is trying to disguise the origin or ownership of illicit funds by investing them in money market securities. Therefore, the anti-money laundering specialist should recommend the internal investigator to concentrate on the trades made in the brokerage account, and to look for any signs of market manipulation, insider trading, or unusual patterns of transactions1.
1: CAMS Study Guide, 6th Edition, Chapter 2: Money Laundering Risks and Methods, page 55-56.

The board of directors is ultimately responsible for ensuring that the financial institution has an effective anti- money laundering program that complies with the applicable laws and regulations. If the institution receives a regulatory enforcement action, the board should take prompt and corrective actions to address the deficiencies and mitigate the risks of further violations or penalties. One of the most important actions is to instruct the compliance officer to develop a plan to remediate the institution's anti-money laundering program, which should include a root cause analysis, a gap assessment, a timeline, and a budget. The board should also monitor the implementation and progress of the remediation plan, and communicate with the regulators on a regular basis.
The other options are not appropriate actions for the board of directors to take in response to a regulatory enforcement action. Terminating the compliance officer and staff may not solve the underlying issues of the anti-money laundering program, and may create more disruption and instability. Purchasing and installing a new suspicious activity monitoring system may not be necessary or sufficient to address the deficiencies, and may entail additional costs and challenges. Hiring an attorney to protest the enforcement action may not be in the best interest of the institution, and may antagonize the regulators and escalate the situation.
CAMS Certification Package - 6th Edition | ACAMS, Chapter 5: Risk Management, Section 5.2: Regulatory Examinations and Enforcement Actions, pp. 171-174.
CAMS Certifications: How to Get CAMS Certified | ACAMS, CAMS Examination Preparation Guide, Section 3: Regulatory Compliance, pp. 23-24.