Question No 17:
What is the reasoning behind implementing a "risk-based" anti- money laundering approach?A. It will keep the regulators focused on money laundering controls in sectors beyond banks.
B. No institution can hope to detect all instances of wrongdoing by customers, including money laundering.
C. A quantitative approach will generate better results than a qualitative approach.
D. It allows the institution to focus on selling products that have a better return on investment.
Answer: B
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