Q20: According to the Money Laundering (ML) and Terrorist Financing (TF) Risk Assessment guidelines, what is the minimum frequency for reviewing the risk assessment exercise?

At least annually.

At least once every six months.

At least once every two years.

Only when a new product is launched.

✅ Correct Answer: A

The periodicity of the risk assessment exercise should be reviewed at least annually.

This regular review cycle is a standard compliance metric tested in RBI KYC Guidelines MCQs.

Bank Promotion Exam Guide