ACAMS
CAMS · Question #45
CAMS Question #45: Real Exam Question with Answer & Explanation
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Question
A new compliance officer is reviewing the bank's anti-money laundering program and notices that the risk assessment was completed six months ago. Since that time, the bank acquired another financial institution, renamed the internal records group, and streamlined cash handling procedures. Which factor causes the compliance officer to update the bank's risk assessment?
Options
- AThe bank acquired another institution
- BThe internal records group has been re-named
- CThe cash handling procedures were streamlined
- DThe risk assessment was completed six months ago
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