GLOBAL PAYMENTS KNOWLEDGEISO 20022 / SWIFT / SEPA / MT / MX
PAYMENTSSIGNAL

The interactive academy for the standards, messages, and rails that move money.

PROGRESS
DRILL · GOVERNANCE AND POLICY

The words behind Governance and policy

Read the plain-language definition, then name the term it describes.

The standard split of control responsibility: the business that owns the risk, the compliance function that oversees it, and internal audit that tests both.

Step 1 of 1

THE DRILL AS TEXT

  1. The standard split of control responsibility: the business that owns the risk, the compliance function that oversees it, and internal audit that tests both.
    • Three lines of defence

This drill is built from Governance and policy — it rearranges material written and sourced on that page rather than asserting anything new, so every claim in it is checkable there.