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NEW QUESTION: 1
After review of the financial institution's enterprise-wide anti-money laundering risk assessment, the new compliance officer identifies several deficiencies that need attention.
Which deficiency could lead to the highest potential for unmitigated risk?
A. The risk assessment is managed by a different team from the previous assessment therefore disrupting continuity of institutional knowledge.
B. The risk assessment does not anticipate potential risks even though the financial institution has no immediate plans involving those risks.
C. The risk assessment is revisited too frequently thereby diverting critical resources from other compliance tasks.
D. The risk assessment is several years old and does not cover all current products and services.
Answer: D
NEW QUESTION: 2
What is one of the benefits of incremental delivery?
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Answer: B
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A. Owner-Subscriber and HECH
B. HECH and Distinct Ownership
C. Distinct Ownership
D. HECH
E. Owner-Subscriber
Answer: D
Explanation:
Explanation/Reference:
Explanation:
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