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Question 401

Financial institutions (FIs) perform AML risk assessments to ensure:

  • A. a record for regulators indicating an AML risk assessment was completed at least once.
  • B. internal audit assurance that all AML-related policy and procedures are board approved.
  • C. satisfaction of the board of directors' approved risk appetite.
  • D. proper controls surrounding higher-risk products, services, customers, and geographic locations. Most Votes
Answer:

D


Explanation:
Reference:
https://www.wolfsberg-
principles.com/sites/default/files/wb/pdfs/faqs/17.%20Wolfsberg-Risk-Assessment-FAQs-2015.pdf

User Votes:
A 26 votes
50%
B 12 votes
50%
C 14 votes
50%
D 209 votes
50%
Discussions
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tinaguha
1 year, 4 months ago

proper controls surrounding higher-risk products, services, customers, and geographic locations.

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abbass.yousaf2000
1 year, 3 months ago

B. The client is a registered charity known to remit funds to high risk geographies where there is limited due diligence information available

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neginarotam
1 year, 3 months ago

D. proper controls surrounding higher-risk products, services, customers, and geographic locations.

0
laneshapenrose
1 year, 2 months ago

D. proper controls surrounding higher-risk products, services, customers, and geographic locations.

0
AnaA.
1 year, 2 months ago

D. des contrôles appropriés concernant les produits, services, clients et emplacements géographiques à plus haut risque.

0
AnaA.
1 year, 2 months ago

D. des contrôles appropriés concernant les produits, les services, les clients et les emplacements géographiques à haut risque.

0
AnaA.
1 year, 2 months ago

D. des contrôles appropriés concernant les produits, services, clients et emplacements géographiques à plus haut risque.

0
adnan_shaikat
1 year, 2 months ago

proper controls surrounding higher-risk products, services, customers, and geographic locations

0
adnan_shaikat
1 year, 2 months ago

D.proper controls surrounding higher-risk products, services, customers, and geographic locations.

0
dinbits
1 year, 1 month ago

D. Proper controls are in place based on RBA.

0
Sheila
1 year, 1 month ago

proper controls surrounding higher-risk products, services, customers, and geographic locations.

0
manunikhikulkarni
1 year, 1 month ago

D. proper controls surrounding higher-risk products, services, customers, and geographic locations.

0
ldj32780
1 year ago

. proper controls surrounding higher-risk products, services, customers, and geographic locations.

0
sunnyvarughese
1 year ago

proper controls surrounding higher-risk products, services, customers, and geographic locations.

0
sunnyvarughese
1 year ago

internal audit assurance that all AML-related policy and procedures are board approved.

0
sunnyvarughese
1 year ago

internal audit assurance that all AML-related policy and procedures are board approved.

0
sulekhasingh
10 months ago

proper controls surrounding higher-risk products, services, customers, and geographic locations.

0
dion_loef
9 months, 1 week ago

D. proper controls surrounding higher-risk products, services, customers, and geographic locations.

0
kmurtaza465
8 months, 3 weeks ago

D. proper controls surrounding higher-risk products, services, customers, and geographic locations.

0
Jenren
7 months, 3 weeks ago

Proper control

0
Preethi
6 months ago


D. proper controls surrounding higher-risk products, services, customers, and geographic locations

0
Radhika
5 months, 3 weeks ago

The answer is D

0
ndhami
5 months, 1 week ago

proper controls surrounding higher-risk products, services, customers, and geographic locations.

0
kaklimala
5 months ago

proper controls surrounding higher-risk products, services, customers, and geographic locations.

0
rodrigomcf
4 months, 1 week ago

D. proper controls surrounding higher-risk products, services, customers, and geographic locations.

0
Shammaali
1 month, 3 weeks ago

D. proper controls surrounding higher-risk products, services, customers, and geographic locations.

0
dionette_tayl
3 weeks, 4 days ago

D. proper controls surrounding higher-risk products, services, customers, and geographic locations.

0