CAMS7 Exam Dumps | At a high level, the risk assessment process involves identifying and rating the inherent risks associated

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Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition)
ACAMS.CAMS7.v2026-06-05.q103
Question 67

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Question 67/103

At a high level, the risk assessment process involves identifying and rating the inherent risks associated with customers, products, countries, and delivery channels, and then:

A. comparing these risks with industry benchmarks to determine the residual risk.

B. implementing new controls to eliminate all risks

C. rating the effectiveness of the related controls in order to calculate the residual risk.

D. documenting the historical risk incidents for future reference.

Correct Answer: C

After identifying and rating inherent risks, the next key step in the risk assessment process is to evaluate the effectiveness of existing controls. This allows the organization to calculate the residual risk - i.e., the level of risk remaining after controls are applied.

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