New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which of the following risk assessment measures is

    required by Regulated Entities (REs) for monitoring and managing money laundering (ML) and terrorist financing (TF) risks?  
    A Conducting customer surveys every two years Correct Answer Incorrect Answer
    B Implementing a Risk-Based Approach (RBA) Correct Answer Incorrect Answer
    C Verifying customer references Correct Answer Incorrect Answer
    D Conducting market analysis on customer products Correct Answer Incorrect Answer
    E Outsourcing customer due diligence (CDD) Correct Answer Incorrect Answer

    Solution

    REs are mandated to implement a Risk-Based Approach (RBA) to identify , assess, and manage ML and TF risks effectively. This involves evaluating risks associated with different customers, products, and geographical areas.  

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