Câu 49: CAMS7: Certified Anti-Money Laundering Specialist (the 7th edition) Popular

A financial institution is conducting an enterprise-wide risk assessment (EWRA) and has identified a high inherent risk of money laundering associated with its private banking division due to the clientele’s high net worth and complex financial structures. However, the institution has implemented robust customer due diligence (CDD) and enhanced due diligence (EDD) procedures, along with sophisticated transaction monitoring systems. How would these controls impact the assessment of residual risk?

1. A. The residual risk would be eliminated entirely because the controls are sufficient to mitigate all potential risks
2. B. The residual risk would be significantly reduced due to the effectiveness of the controls in place — đáp án hiện tại
3. C. The residual risk would remain high due to the inherent nature of the private banking business
4. D. The residual risk would be moderately reduced, but further controls may be necessary to achieve an acceptable level