Which of the following is a core component of broker-dealers' AML programs?

• A. Appointment of a BSA Officer
• B. Random tax audits
• C. Public disclosures
• D. Customer surveys

Answer: (A)

Having a designated BSA/AML Officer is essential in a broker-dealer's AML program because this role owns the program’s structure and ongoing operations. The officer is responsible for implementing policies, conducting risk assessments, coordinating training, and ensuring timely Suspicious Activity Report filings and the maintenance of internal controls. This centralized leadership helps regulators see clear accountability and ensures the program stays effective across the firm. Other options don’t fit as core AML elements: random tax audits aren’t an AML control, public disclosures aren’t part of the AML framework, and customer surveys don’t address the risk-mitigation and reporting responsibilities that AML programs require.