Q243: How frequently must a bank review its internal "Money Laundering (ML) and Terrorist Financing (TF) Risk Assessment"?

At least once every two years

At least annually

At least once every six months

At least once every three years

✅ Correct Answer: B

The Board or a committee of the Board to which it has delegated power shall determine the periodicity of the risk assessment exercise... However, the bank shall review it at least annually.

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Bank Promotion Exam Guide

Q243: How frequently must a bank review its internal "Money Laundering (ML) and Terrorist Financing (TF) Risk Assessment"?

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