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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 23 votes
50%
B 11 votes
50%
C 13 votes
50%
D 195 votes
50%
Discussions
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tinaguha
1 year, 3 months ago

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

abbass.yousaf2000
1 year, 2 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

neginarotam
1 year, 1 month ago

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

laneshapenrose
1 year, 1 month ago

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

AnaA.
1 year, 1 month ago

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

AnaA.
1 year, 1 month ago

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

AnaA.
1 year, 1 month ago

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

adnan_shaikat
1 year, 1 month ago

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

adnan_shaikat
1 year, 1 month ago

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

dinbits
1 year ago

D. Proper controls are in place based on RBA.

Sheila
12 months ago

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

manunikhikulkarni
12 months ago

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

ldj32780
11 months, 4 weeks ago

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

sunnyvarughese
11 months, 1 week ago

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

sunnyvarughese
11 months, 1 week ago

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

sunnyvarughese
11 months, 1 week ago

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

sulekhasingh
8 months, 3 weeks ago

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

dion_loef
8 months ago

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

kmurtaza465
7 months, 3 weeks ago

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

Jenren
6 months, 2 weeks ago

Proper control

Preethi
4 months, 4 weeks ago


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

Radhika
4 months, 2 weeks ago

The answer is D

ndhami
4 months, 1 week ago

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

kaklimala
3 months, 3 weeks ago

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

rodrigomcf
3 months ago

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

Shammaali
2 weeks, 5 days ago

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