CAMS · Question #787
CAMS Question #787: Real Exam Question with Answer & Explanation
The correct answer is A. Ensure the jurisdiction risks and other relevant factors have been taken into consideration in the. The most effective strategy is to ensure that jurisdictional and other relevant risks are assessed through the Enterprise-Wide Risk Assessment (EWRA), and that any residual risks fall within the corporation's defined risk appetite. This structured, risk-based approach supports in
Question
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
Explanation
The most effective strategy is to ensure that jurisdictional and other relevant risks are assessed through the Enterprise-Wide Risk Assessment (EWRA), and that any residual risks fall within the corporation's defined risk appetite. This structured, risk-based approach supports informed decision- making and protects against reputational damage related to financial crime.
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