ACAMS
CAMS · Question #387
CAMS Question #387: Real Exam Question with Answer & Explanation
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Question
Which situations would require a financial institution (FI) to update its ML/TF risk assessment? (Choose two.)
Options
- AWhen new products, services or customer types are introduced
- BWhen new board members are elected
- CWhen the AML compliance team hires new employees
- DWhen the institution faces a merger or acquisition
- EWhen opening a sales point in a new location in the same city
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