Certified Anti-Money Laundering Specialist (CAMS)

What does a risk-based approach to AML compliance primarily mean?

Applying the same level of scrutiny to all customers regardless of risk Allocating compliance resources proportional to the identified level of money laundering risk Focusing AML efforts exclusively on high-net-worth customers Eliminating lower-risk customers from the customer base

Correct Answer:

Allocating compliance resources proportional to the identified level of money laundering risk

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