ACAMS
CAMS · Question #787
A multinational corporation is considering expanding into a new market with a history of political instability and corruption. Which strategy would be most effective in mitigating reputational risk fr
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AML/CFT Compliance Programs
Question
A multinational corporation is considering expanding into a new market with a history of political instability and corruption. Which strategy would be most effective in mitigating reputational risk from a financial crime perspective associated with such an expansion?
Options
- AEnsure the jurisdiction risks and other relevant factors have been taken into consideration in the
- BPartnering with established local businesses to leverage their knowledge and connections while
- CEnsuring the company has strong ties with local government officials to influence policy and avoid
- DCommitting to open communication, ethical practices, and community engagement to build trust
- EMinimizing the company's direct presence in the country to reduce exposure to potential risks
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Topics
#reputational risk#jurisdiction risk#AML risk assessment#expansion due diligence