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Question 394

Which situations would require a financial institution (FI) to update its ML/TF risk assessment?
(Choose two.)

  • A. When new products, services or customer types are introduced Most Votes
  • B. When new board members are elected
  • C. When the AML compliance team hires new employees
  • D. When the institution faces a merger or acquisition Most Votes
  • E. When opening a sales point in a new location in the same city
Answer:

D, E


Explanation:
Reference:
https://www.fatf-
gafi.org/media/fatf/content/images/National_ML_TF_Risk_Assessment.pdf

User Votes:
A 175 votes
50%
B 14 votes
50%
C 12 votes
50%
D 165 votes
50%
E 38 votes
50%
Discussions
0 / 1000
tinaguha
1 year, 6 months ago

When new products, services or customer types are introduced, and when the institution faces a merger or acquisition

5
neginarotam
1 year, 4 months ago

A. When new products, services or customer types are introduced
D. When the institution faces a merger or acquisition

1
laneshapenrose
1 year, 4 months ago

A and D are my answers

0
AnaA.
1 year, 4 months ago

A. Lorsque de nouveaux produits, services ou types de clients sont introduits

0
AnaA.
1 year, 4 months ago

A. Lorsque de nouveaux produits, services ou types de clients sont introduits.
D. Lorsque l'établissement est confronté à une fusion ou une acquisition.

0
adnan_shaikat
1 year, 3 months ago

A and D are my answers

0
ananthb_1976
1 year ago

Answer is A & D

0
dion_loef
10 months, 2 weeks ago

A. When new products, services or customer types are introduced
D. When the institution faces a merger or acquisition

0
linhnguyen1811
8 months, 4 weeks ago

A and D is the answers

0
Preethi
7 months, 1 week ago

A and D is correct

0
ndhami
6 months, 2 weeks ago

When the institution faces a merger or acquisition

0
dionette_tayl
2 months ago

A. When new products, services or customer types are introduced
D. When the institution faces a merger or acquisition

0