MCQ Answer
A. Treating all customers as high-risk.
B. Allocating resources to AML/CTF measures commensurate with the assessed risks (i.e., higher risk, stronger controls).
Correct
Explanation
RBA allows for flexibility and efficiency in applying controls, ensuring resources are focused where they are most needed.
C. Ignoring low-risk customers entirely.
D. Mandating the same set of controls for all products.
Correct Answer
Allocating resources to AML/CTF measures commensurate with the assessed risks (i.e., higher risk, stronger controls).