CAMS7 Exam Dumps | What is the first step in designing an effective controls framework using a risk-based approach?

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Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition)
ACAMS.CAMS7.v2026-06-09.q134
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Question 22/134

What is the first step in designing an effective controls framework using a risk-based approach?

A. Establishing risk controls

B. Assessing risk controls

C. Ongoing risk monitoring

D. Conducting a risk assessment

Correct Answer: D

The first step in designing an effective controls framework using a risk-based approach is conducting a risk assessment. This identifies and evaluates inherent risks, providing the basis for determining which controls are necessary and how they should be prioritized.

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