A financial institution is designing anEnterprise-Wide Risk Assessment (EWRA).

ACAMS CAMS Question Answer

According to theWolfsberg Group’s risk-based approach to AML, an effective EWRA should:

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

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

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

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

ACAMS CAMS View All Questions

ACAMS CAMS Summary

Vendor: ACAMS
Product: CAMS
Update on: Feb 7, 2026
Questions: 313

Price: $52.5 ~~$149.99~~

Following a recent exercise which explained how a correspondent banking operation could be used by...

Which is an emerging risk associated with cyber-enabled fraud?

Weekend Sale Special Limited Time 70% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: xmasmnth

A financial institution is designing anEnterprise-Wide Risk Assessment (EWRA).

The Answer Is:

Explanation:

ACAMS CAMS Summary

Payments We Accept

Contact Us