ACAMS
CAMS · Question #832
CAMS Question #832: Real Exam Question with Answer & Explanation
The correct answer is B. Regularly reassessing risks to adjust resource allocation C. Allocating more resources to areas with higher financial crime risk. A risk-based approach prioritizes allocating more resources to higher-risk areas and regularly reassessing risks to ensure resource allocation remains aligned with evolving threats and vulnerabilities. This maximizes the effectiveness of the AFC program.
Question
Which strategies are most effective for prioritizing resources within an anti-financial crime (AFC) program using a risk-based approach (RBA)? (Choose two.)
Options
- APrioritizing resources towards lower-risk areas to reduce workload
- BRegularly reassessing risks to adjust resource allocation
- CAllocating more resources to areas with higher financial crime risk
- DProviding equal resources to all departments to maintain consistency
- EUsing a fixed resource allocation plan without adjustments
Explanation
A risk-based approach prioritizes allocating more resources to higher-risk areas and regularly reassessing risks to ensure resource allocation remains aligned with evolving threats and vulnerabilities. This maximizes the effectiveness of the AFC program.
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