CAMS Exam Dumps | A financial institution is designing anEnterprise-Wide Risk Assessment (EWRA). According to theWolfsberg

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Question 94/346

A financial institution is designing anEnterprise-Wide Risk Assessment (EWRA).
According to theWolfsberg Group's risk-based approach to AML, an effective EWRA should:

A. Use a framework provided by a third-party vendor and used by other FIs in the jurisdiction.

B. Include appropriate measures and controls to mitigate money laundering risks stemming from higher- risk customers, products, and geographies.

C. Focus on understanding the risks presented by new clients within the assessment period and the controls to mitigate associated money laundering risks.

D. Focus on the inherent risk in the FI's product and service offerings and the controls to mitigate potential money laundering risks.

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