Which of the following is NOT a key component of an AML program?

In the context of an Anti-Money Laundering (AML) program, marketing strategies are not considered a key component. AML programs are primarily focused on preventing and detecting money laundering activities through specific measures that address risk and compliance with regulatory requirements.

Risk assessment procedures are fundamental as they help institutions identify and understand the potential risks of money laundering they face based on various factors such as geography, products, and customers. Employee training is crucial, as knowledgeable employees are better equipped to recognize and address suspicious activities, thereby enhancing the effectiveness of the AML program. Reporting systems for suspicious activity are also essential, as they allow financial institutions to notify the appropriate authorities about any unusual or questionable transactions that may signify money laundering.

In contrast, marketing strategies pertain to promoting products and services, which does not directly relate to the objectives of an AML program. This distinction highlights why marketing strategies do not fit within the framework of key components that support the prevention and detection of money laundering.