CAMS-Audit Practice Questions - ACAMS Advanced CAMS - Audit (CAMS-Audit) Exam

What is the primary purpose of a risk-based AML audit approach?

To audit every transaction individually To focus audit resources on areas of highest money laundering risk To replace the need for a compliance program To eliminate the need for regulatory examinations

Correct Answer:

To focus audit resources on areas of highest money laundering risk

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