ACAMS
CAMS · Question #300
CAMS Question #300: Real Exam Question with Answer & Explanation
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Question
After review of the financial institution's enterprise-wide anti-money laundering risk assessment, the new compliance officer identifies several deficiencies that need attention. Which deficiency could lead to the highest potential for unmitigated risk?
Options
- AThe risk assessment is several years old and does not cover all current products and services.
- BThe risk assessment is revisited too frequently thereby diverting critical resources from other
- CThe risk assessment is managed by a different team from the previous assessment therefore
- DThe risk assessment does not anticipate potential risks even though the financial institution has
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