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 several years old and does not cover all current products and services.
B . The risk assessment is revisited too frequently thereby diverting critical resources from other compliance tasks.
C . The risk assessment is managed by a different team from the previous assessment therefore disrupting continuity of institutional knowledge.
D . The risk assessment does not anticipate potential risks even though the financial institution has no immediate plans involving those risks.
Answer: A
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