For a compliance program to be effective it must consider all of the following except: Question $28$Answer a$.$ Smaller financial institutions can establish a centralized department to manage compliance functions. b$.$ Be tailored to the types of risks faced by a financial institution and the business activities it undertakes. c$.$ Large financial institutions with lower risks levels must establish a separate compliance departments for each line of business to manage compliance functions. d$.$ It must conduct risk assessments on an ongoing basis to quantify risks and allocate resources appropriately.