Module: General Practice
Q17: How frequently must a bank review its internal "Money Laundering (ML) and Terrorist Financing (TF) Risk Assessment"?
✅ 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.
Periodic reviews are a compliance requirement tested in the IIBF AML KYC Exam 2026.
Periodic reviews are a compliance requirement tested in the IIBF AML KYC Exam 2026.