ACAMS
CAMS · Question #882
A national risk assessment (NRA) can impact the risk-based approach (RBA) within an organization's anti-financial crime (AFC) compliance program by: (Choose two.)
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Compliance Standards (International AML/CFT Standards and the role of FATF)
Question
A national risk assessment (NRA) can impact the risk-based approach (RBA) within an organization's anti-financial crime (AFC) compliance program by: (Choose two.)
Options
- Ahelping to identify high-risk sectors that require enhanced due diligence (EDO),
- Beliminating the need for sectoral risk assessments within the organization
- Cguiding the allocation of resources for mitigating financial crime risks
- Drequiring all organizations to apply standardized measures
- Eautomatically reducing the organization's responsibility for conducting its own risk assessment
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Topics
#national risk assessment#risk-based approach#FATF#resource allocation